2017 Oil industry Predictions


All posts for 2017 Oil industry Predictions

Global Indices Gain From Oil

The FTSE soared over 1.1% on Wednesday as the rally in oil lifted heavyweight oil majors such as Shell and BP, whilst more M&A activity also boosted sentiment. The FTSE outperformed most of its European counterparts closing at 7651. The price of oil continued its rally on Wednesday, lifted primarily ...

Fiona Cincotta


Posted 13 days agoPress > 2017 Oil industry Predictions

Mayan Energy Operations Update - Gas Discovery at Stockdale Field

Mayan (AIM: MYN), the AIM listed oil and gas company, is pleased to announce a new gas discovery at Stockdale Field, Wilson County, Texas as part of its ongoing development activities at the Morris #1 well ('the Well'). The Company has a 60.0% working interest ('WI') and 45.0% net revenue interest ...

OilVoice Press - OilVoice


Posted 25 days agoPress > AIMMayan EnergyOperations Update +7

BP Selects Nexans for its Mad Dog 2 Project in the US

Nexans to Supply Umbilicals and Accessories for BP's Mad Dog 2 Project In Gulf Of Mexico  Nexans Norway will supply static and dynamic umbilicals and accessories for a deep-water oil and gas production development in the United States. The project is part of the five-year frame agreement b ...

OilVoice Press - OilVoice


Posted 25 days agoPress > BPNexansMad Dog +8

Empyrean Energy: Dempsey Well Continues to Excite with Test Flow Rates from Sacramento Basin, California

Dempsey Testing Update Flow of clean natural gas at 195 mcfpd from Test Zone 3 Confirms gas saturated rocks over a 2000+ foot vertical interval More gas zones to be tested shortly prior to field production zone testing  Potential to combine gas from all flow zones to deliver cash flow ...

OilVoice Press - OilVoice


Posted 1 month agoPress > Empyrean EnergyDempsey Gas WellDempsey Well +6

Over $811bn Will be Spent on 615 Upcoming Oil and Gas Fields by 2025, Says GlobalData

Over $811bn will be spent on 615 upcoming oil and gas fields between 2018 and 2025. Globally, capital expenditure (capex) into conventional oil, heavy oil, oil sands and unconventional oil projects would add up to $352bn, $44bn, $43.4bn and $30bn respectively over the eight-year period, according t ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > GlobalDatao&gOil Field +6

BP Approves Mad Dog Phase 2 Project in the Deepwater Gulf of Mexico

$9 billion project will bring second platform to the super-giant Mad Dog field at less than half of original cost HOUSTON- BP has sanctioned the Mad Dog Phase 2 project in the United States, highlighting its long-term commitment to the country despite the current low oil price environment. ...

OilVoice Press - OilVoice


Posted 2 months agoPress > BPMad Dog Phase 2Mad Dog +6

Mayan Energy on Course to Hit 300-500bopd Production Target as Two New Wells in Texas Commence Production

Initiation of Production at Two US Onshore Wells Mayan (AIM: MYN), the AIM listed oil and gas company, is pleased to announce the initiation of production at the Gilbreath #19 well at Forest Hill Field, Wood County, Texas (“Forest Hill”) and the Morris #1 well at Stockdale Field, Wilson County, ...

OilVoice Press - OilVoice


Posted 3 months agoPress > Mayan EnergyProductionTexas +6

Dr. Daniel Fine: Oil and Gas: A Look at What 2018 May Bring

Trump leads mass deregulation effort; comeback seen for San Juan Basin by Dr. Daniel Fine The price of oil in 2018 will be volatile with commodity market traders selling on signals of OPEC-Russia “cheating” or members producing more oil than the extended Algiers Agreement output quotas. This shou ...

Will Fine


Posted 4 months agoOpinion > Donald TrumpPresident TrumpTrump +68

Artificial Intelligence: Improving Efficiency and Reducing Downtime Have Been an Answer for Oil and Gas Companies

Improving Operational Efficiency in the Oil & Gas Industry and Predictive Maintenance to Avoid Costly Downtime will drive the artificial intelligence in the oil & gas in the coming future. The growth of the Artificial Intelligence In The Oil & Gas Market can be attributed to the Increasing Bi ...

Shravan Deshmukh


Posted 4 months agoPress > Artificial Intelligence in the Oil & Gas MarketArtificial Intelligence in the Oil & GasArtificial intelligence +2

U.S. Biodiesel Production Still Increasing Despite Expiration of Tax Credit

Source: U.S. Energy Information Administration, Monthly Biodiesel Production Report Through the first nine months of 2017, U.S. biodiesel production levels were slightly higher than 2016 levels, despite the expiration of a federal biodiesel blender's tax credit at the end of 2016. Domestic ...

OilVoice Press - OilVoice


Posted 5 months agoOpinion > EIAEnergy Information Administration EIAUnited States +3

NrgEdge, Your Weekly Update: 11 - 15 Dec

Market Watch Headline crude prices for the week beginning 11 December 2017 – Brent: US$63/b; WTI: US$57/b -       The shutdown of the Forties pipeline system in the UK North Sea has been a shock to the market, pulling Brent and WTI prices up. Repairs to the important oil conduit will take at l ...

Nrgedge Admin - NrgEdge


Posted 5 months agoOpinion > 2017 Oil industry PredictionsOil Price predictionsOil prices +2

Your Weekly Update: 23 - 27 Oct

Last week in the world oil: Prices As signs points to OPEC and Russia extending their production cuts beyond March 2018, crude oil prices surged to their highest level since July 2015, with Brent hitting, and staying above, US$60/b. WTI remains strong as well, as American crude exports hit an ...

Nrgedge Admin - NrgEdge


Posted 6 months agoOpinion > nrgedge2017 Oil industry PredictionsOilandGas

Your Weekly Update: 16 - 20 Oct

Last week in the world oil: Prices - There are no clear trends in crude prices, with Brent and WTI stuck in their respective ranges of US$57/b and US$52/b. Reductions in US drilling rates were offset by Iraqi supply disruptions, while OPEC's hints that the supply freeze will persist did little ...

Nrgedge Admin - NrgEdge


Posted 6 months agoOpinion > nrgedge2017 Oil industry PredictionsOilandGas

Major Employment Report Shows Signs of Returning Confidence in the Oil and Gas Market

Industry Survey of 10,000 respondents shows: ·         Almost 60% of employers expect to recruit significantly over next 12 months ·         Almost half of employers expect salaries to rise October 2017 After a tough four years new research shows that for the first time since 2014 the oil and ...

Oliver Fitzpatrick


Posted 6 months agoPress > Oil2017 Oil industry PredictionsOil and Gas Jobs +1

All You Need to Know About Benedict Peters – Nigeria Profile

I write quite a bit about leading energy figures in the oil and gas world in Nigeria. Last week I did a profile of Arthur Eze , the bombastic prince of Oranto's sprawling oil network. I don't believe that these visionaries get the credit they deserve so I want to make a point of drawing attention ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 7 months agoOpinion > Benedict PetersAiteo GroupNigeria +5