Shale


All posts for Shale

DUCs Can’t Sustain US Shale

ESAI Energy's recent North America Watch reports that while some rigs are starting to return to the shale patch, there will not be enough new drilling to offset decline in the coming months. US shale production will exit 2020 down by over 1.5 million b/d from December of 2019. ESAI Energy says a ...

Jake Wright


Posted 7 days agoPress > DUCsUS ShaleShale +1

Petronas Ventures Further West for New Opportunities

Malaysia's national oil company Petronas is reportedly looking into buying its way into US shale, with driller DoublePoint Energy the target. DoublePoint Energy has a 100,000 acre tranche of drilling rights smack in the prolific heart of the Permian, currently producing some 55,000 b/d of shale o ...

Hui Shan


Posted 1 month agoLink > WTIUSAPETRONAS +2

Key Upstream Positive Developments Since April 2020

Noble will also bring with it established positions in the Eagle Ford basin, significant US midstream assets and upstream assets in Israel and Equatorial Guinea, swelling Chevron's proven oil and gas reserves by 18%. Neptune Energy hit oil at the Dugong well in the Norwegian North Sea, and China' ...

Hui Shan


Posted 3 months agoLink > OPECRussiaoil price +5

OPEC And The Journey Back to Normal

With just over two weeks to go before the largest coordinated crude oil supply cut in the world is set to expire, the 23-nation club that is OPEC+ gathered to discuss that very issue. OPEC itself predicts that world oil demand by rebound by 7 mmb/d in 2021 from an average of 90 mmb/d in 2020, wit ...

Hui Shan


Posted 3 months agoLink > OPECsaudiRussia +4

From Certain Doom To Cautious Optimism

A perfect storm of events – the Covid-19 lockdowns, the resulting effect on demand, an ongoing oil supply glut, a worrying shortage of storage space and (crucially) the expiry of the NYMEX WTI benchmark contract for May, resulted in US crude oil prices falling as low as -US$37/b. This was seen as ...

Hui Shan


Posted 5 months agoLink > WTIWest Texas IntermediateBrent +8

Global Exploration and Production Summit: The Energy Online Series

The Global E&P Summit is the global stage for national regulators and NOCs from all over the world. Meet with more than 15 NOCs, Ministries, Regulators and Hydrocarbon Agencies and: - Gain access to exclusive information and insight on new Licensing Rounds. - Arrange one-on-one meetings with NOCs, ...

Felix Tsourakis - IN-VR Oil & Gas


    02 Jul 2020


Posted 5 months agoEvent > IN-VRIN-VR Oil & GasOil&Gas +1

Qatar and the LNG Conundrum

In the same year, the US leapfrogged Malaysia as the third largest LNG exporter in the world, and by 2025, its LNG production capacity could reach almost 15 bcf/d – eclipsing both Qatar and Australia. With its recent moves to tap into the vast natural gas resources in its offshore North Field and ...

Hui Shan


Posted 5 months agoLink > QATARAustraliaLNG +6

When The Pool Shrinks, The Fish Are Threatened

An entire phalanx of upstream service companies help build, operate and maintain the critical infrastructure necessary to extract oil in its natural form from deep below the ground and send it on its merry way to be turned into fuel for consumption. With all companies slashing upstream capex and ...

Hui Shan


Posted 6 months agoLink > OPECsaudiRussia +3

The WTI Oil Price Crash Explained

And now, unprecedented oil prices, as the WTI crude price marker slipped into negative territory for the first time ever. This had the same effect, though different contributing factors  in 2019, when WTI prices were depressed because demand was high but pipeline capacity was insufficient to carr ...

Hui Shan


Posted 6 months agoLink > WTIWest Texas IntermediateBrent +7

The Great “Too Little, Too Late” Deal

It immediately props up the current traded prices of crude oil, which were languishing in the US$25/b level before chatter of the deal emerged but it also is prescient enough to acknowledge that the negative impact of Covid-19 will linger for very long, hence the need for a long tail to the deal. ...

Hui Shan


Posted 6 months agoLink > OPECsaudiRussia +7

Shale Could Contract by 1.0 Million b/d Within the Year

As a price-elastic source of supply, US shale production will respond relatively quickly to the steep drop in oil prices. Already US E&Ps are reporting further reductions to their 2020 spending guidance and cutting back on planned drilling activity. A new-normal is here, with fiscal discipline and ...

Jake Wright


Posted 7 months agoPress > ShaleOilPrice War +1

OPEC FACES OFF WITH RUSSIA

Saudi Arabia and Russia are both by far some of the lowest-cost oil producers in the world, flipping the narrative to a race for market share instead of an attempt to preserve prices. Caught in the middle will be OPEC members counting on steady oil prices to keep their economies afloat (Iran, Ira ...

Hui Shan


Posted 7 months agoLink > OPECsaudiRussia +3

CLAY MINERALOGY and its application to the oil industry

The three and a half day course is very much a practical hands-on course designed to make the information about clays as easily digestible as possible via a mix of lecture and practical sessions. The main elements in the course are as follows: • Clays and Clay Minerals: what are they and why ...

Helen Pendlowski - The James Hutton Institute


Aberdeen   Scotland   GB 29 Sep 2020


Posted 7 months agoTraining > Clay MineralsShaledrilling optimization +19

The Shale Showdown in 2020 – What’s Happening?

Slow growth in U.S. energy consumption, as a result of continued increases in energy efficiency, and technologically enabled growth in domestic oil and natural gas production lead the United States to remain a net energy exporter through 2050. The AEO2020 Reference case projects domestic energy d ...

Hui Shan


Posted 8 months agoLink > ShalePermianUSA +3

The Oil and Gas Industry in 2020 – Brief Summary

Attempts by the wider OPEC+ club to minimise the growing glut have only mitigated the situation; the power of these producers to influence the market has diminished as US production has risen. As long as OPEC+ tries to play the good cop in the market – yielding volumes to coerce trends – crude pr ...

Hui Shan


Posted 10 months agoLink > OPECsaudiRussia +4