2017 Oil industry Predictions


All posts for 2017 Oil industry Predictions

June 2018 U.S. Rig Counts Up 10% from June 2017- S&P Global Platts

HOUSTON (July 10, 2018)  S&P Global Platts Analytics today announced  the total U.S. rig count for June 2018 was 1,163, down 1 (-0%) from May 2018, and up 108 (+10%) from June 2017. This rig count includes U.S. onshore, U.S. inland waters, and U.S. offshore Gulf of Mexico drilling rigs. June U.S ...

OilVoice Press - OilVoice


Posted 1 month agoPress > S&P Global PlattsRigRig Count +6

ESAI Energy: Is Market Ready for Mariner East 2?

Any delay to the Mariner East 2 project would impact LPG markets from Applachia to Asia, according to ESAI Energy's analysis of the Mariner East expansion's impact on U.S. NGL exports. In contrast, ethane exports are emerging much more slowly, according to ESAI Energy's newly released Global NGL Ou ...

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Posted 1 month agoOpinion > ESAI EnergyMariner EastUnited States +6

Is Europe ready for Mariner East?

As the Mariner East expansion stumbles toward completion, it is timely to examine how ready Europe is to absorb more U.S. propane.  The Mariner East expansion will enable the U.S. to triple seaborne exports of LPG from Marcus Hook to 115,000 b/d. The ability to export more product from the U.S. East ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > ESAI EnergyeuropeUnited States +5

Shell Adds Competitive, Deep-Water Production in the U.S. Gulf of Mexico

Shell Offshore, Inc. (Shell), a subsidiary of Royal Dutch Shell plc, announces today the early start of production – around one-year ahead of schedule – at the first phase of Kaikias, an economically resilient, subsea development in the US. Gulf of Mexico with estimated peak production of 40,000 ba ...

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Posted 2 months agoPress > ShellRoyal Dutch ShellGOM +7

Asia Petchems Provide Outlet for U.S. LPG

As U.S. and global LPG supply has returned to growth, so has Asia's appetite for propane and butane as a petrochemical feedstock. Less than six months ago, propane traded to a premium to naphtha in North Asia, making LPG unattractive to the region's petchems. Since February, however, propane is pric ...

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Posted 2 months agoOpinion > ESAI EnergyAsiaUnited States +4

Private Operators are Stepping Up in the Permian

In the Permian Basin , arguably the most important driver of oil production growth in North America, a puzzling trend is developing. As the basin experiences acute service-side bottlenecks and takeaway capacity concerns, activity levels continue to rise as does interest from private operators . ...

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Posted 2 months agoOpinion > Rystad EnergyPermian BasinNorth America +5

S&P Global Platts Survey of Analysts Suggests U.S. EIA Data to Show 103-Bcf Build to Natural Gas Stocks

WASHINGTON (May 30, 2018) – The U.S. Energy Information Administration (EIA) on Thursday is expected to report a 103-billion cubic feet (Bcf) injection for the week ended May 25, according to a survey of analysts by S&P Global Platts, the leading independent provider of information and benchmark pr ...

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Posted 2 months agoPress > S&P Global PlattsEIAEnergy Information Administration EIA +4

ESAI Energy: Crude Oil Quality Threatens US Shale

In its May Global Crude Oil Outlook ESAI Energy points out that the growth in medium and heavy refiner demand was already pushing the OPEC+ deal towards an end by 2019. The U.S. request for more crude oil and Saudi Arabia and Russia's apparent willingness to respond provides additional rationa ...

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Posted 2 months agoOpinion > Crude oilESAI EnergyShale +3

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 3 months 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 ...

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Posted 3 months 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 ...

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Posted 3 months 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 ...

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Posted 3 months 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 ...

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Posted 4 months 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. ...

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Posted 5 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, ...

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Posted 6 months agoPress > Mayan EnergyProductionTexas +6