Latest Opinions


Upstream Success Story: Boosting Operational and Back Office Efficiency With Workflow Automation

By Erik Schneider P2's Workflow solution for E&P companies has improved efficiency by more than 50 percent for material transfers at a leading mid-cap U.S. producer. This customer, which prides itself on having one of the lowest cost structures in the U.S. upstream sector, was managing ma ...

P2 News - P2 Energy Solutions


Posted 8 months agoOpinion > AccountingHydrocarbon Accountingback office +2

DW Monday: Don’t Believe the Pipe

The recent announcement that a permit will not be granted for the Dakota Access Pipeline to drill under the Missouri river, following strong opposition on environmental grounds, is a clear example of the challenges facing the onshore pipeline industry. Sustained low oil prices have also curtailed in ...

DW Monday


Posted 2 years agoOpinion > DW MondayDakota Access Pipeline

Will Trump try to scrap Obama’s prohibition on Arctic, Atlantic drilling?

In July 2014, as the Obama administration was really beginning to work through its future plan for offshore oil and gas leasing, the industry was hopeful that the plan would include expanded drilling in nearly all US Gulf of Mexico waters, much of offshore Alaska and even off the East Coast. Some i ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > PlattsDonald TrumpObama +2

Could Donald's Election Trump The Effects of Brexit for Suppliers to the Oil Industry?

Global events and political developments can have a big effect on all aspects of the oil industry here in the UK. In this article, Andre Davis, co-founder and Commercial Director of procurement and supply chain specialists to the oil industry, ARDVIK, outlines the effects recent events have had on ...

Andre Davis


Posted 2 years agoOpinion > BrexitTrumpEU Referendum +2

Clifford Beaumont: OPEC to Extend Oil Cuts to End of 2018

(1888 PressRelease) Clifford Beaumont: OPEC and members to extend production cuts in effort to end global supply glut. OPEC and other non OPEC oil producers seem ready to reach an agreement at this week's meeting to prolong production restrictions until the end of next year. An analyst at Taipei, ...

Donald Hood


Posted 1 year agoOpinion

An OPEC Deal Extension Isn't As Simple As It Sounds

It's been six months now that oil prices have been reacting to OPEC, first to the possibility of an agreement, and then to the production cut deal itself, forged by OPEC to rebalance the market. The deal--initially aired as ‘an agreement to agree on a deal' in September and signed at the end of Nove ...

Oilprice Staff


Posted 2 years agoOpinion > oil priceOPEC

A Single Platform to Enable Last Mile Connectivity and Pump By Exception

Investments in technology are not just about being part of the digital revolution currently sweeping the planet; they are about making organizations more efficient and productive. If your investments in technology like SCADA are failing to deliver on your bottom line, there's something wrong. Prope ...

Shiva Rajagopalan - Seven Lakes Technologies


Posted 8 months agoOpinion > last mile deliverypump by exception

The 4 Technologies Making 'Digital Oilfields' A Reality

The long-held and oft-hyped vision of the ‘Digital Oilfield' truly has an opportunity to deliver results for oil and gas operations now.  It's not just a promise of the future. Key disruptive technologies are making the data infrastructure cheaper and faster to bring the latest automation and AI-d ...

Shiva Rajagopalan - Seven Lakes Technologies


Posted 10 months agoOpinion > AutomationAI in Oil and Gasfuture of oil and gas

Who pays the highest drilling rig rates in Western Canada?

Drillers of horizontal wells in Northern British Columbia face, by some distance, the highest average day rates for rigs in Western Canada, according to new data. The Petroleum Services Association of Canada's (PSAC) new Well Cost Study for Winter 2016 reveals that rig day rates in Northern B.C. ...

Mark Young


Posted 2 years agoOpinion > Canadadrilling rigswell construction +6

Why horizontal Cardium wells cost less to drill in 2017

The cost to drill, case and complete a horizontal well in Alberta's prolific Cardium formation dropped significantly this year compared to the prior winter drilling season. That assessment is based on new well-cost data researched for PSAC's Well Cost Study for Winter 2016 . Click here to access t ...

Mark Young


Posted 2 years agoOpinion > CanadacardiumDrilling +6

Upstream oil and gas M&A in Canada reaches Cdn$1.2 billion in December 2016

The value of December's announced M&A deals in the Canadian E&P sector totalled just over Cdn$1.2 billion – a sum around $300 million down on the equivalent totals in November and October, but still above the 2016 average of around Cdn$1 billion. This is according to data available in CanOils lates ...

Mark Young


Posted 2 years agoOpinion > CanadamergersAcquisition +6

Alberta operators face over $2 billion in environmental LLR liabilities

Service companies are on alert with more than $2 billion in LLR-related costs currently accruing against abandoned wells awaiting reclamation in Alberta, according to the latest CanOils data. Engaging service companies to reclaim these abandoned wells (i.e. removing the wells' final LLR-related lia ...

Mark Young


Posted 2 years agoOpinion > Environmente&pE&P Projects +7

Low-cost light oil production drives Viking M&A deals

Low-cost light oil production is the key factor driving dramatic and sustained volumes of M&A activity within Canada's high-profile Viking formation. More than Cdn$8 billion in asset and corporate deals involved Viking light oil assets in Eastern Alberta and Saskatchewan in 33 separate deals si ...

Mark Young


Posted 2 years agoOpinion > mergersacquisitionsCanada +7

Statoil joins Shell and other foreign companies exiting Canadian projects

Norway's oil and gas powerhouse Statoil ASA has finalised its exit from the Canadian oilsands and is by no means alone in a list of high-profile internationally-based operators to agree a sale of Canadian upstream assets during the past 12 months. Statoil (Oslo:STL) is selling its interest in the ...

Mark Young


Posted 2 years agoOpinion > CanadaStatoilShell +7

Why do oil and gas companies hedge?

Hedging oil and gas production for months or even years into the future is a vital tool for companies to provide certainty to their cash flow statements, by potentially securing future revenues for a specific, pre-determined period of time. Indeed, for some companies an effective hedging strategy is ...

Mark Young


Posted 2 years agoOpinion > upstreamonshoreCanada +7
Last fetch 7/22/2019 4:53:33 PM