Light Emerges For Floating Production System Sector

As dire market conditions continue to hit the floating production system sector, companies have delayed or cancelled projects, would-be orders have fallen by the wayside and shipyards have been forced to lower prices to lure the little business that still exists.

Eagle Ford, shale, workovers, DUCs, agenda, Hart Energy, Heard In The Field, survey, oil, gas, fracking, demand, well stimulation, pressure pumping, capacity, Texas, slickwater, plug and perf, sand, laterals

Workovers, DUCs First On Eagle Ford’s Agenda

Oil prices north of $55 are needed to stimulate fracking demand in the Eagle Ford Shale, according to participants of Hart Energy’s Heard In The Field survey.

BP, Atoll, Egypt, Mediterranean Sea, fast track, development, project, gas, offshore, deepwater

BP Sanctions Fast-track Deepwater Project Offshore Egypt

The project, for which the cost was not disclosed, will consist of two phases. But timing of the second phase FID depends on first phase results.

drones, UAS, Sky-Futures, offshore, oil, gas

Come Fly With Me: Drones Take Off In Oil, Gas Business

Unmanned aerial systems join their underwater brethren in the asset integrity management toolbox.

time, running out, Eagle Ford, shale, oilfield, service, workover, Hart Energy, Heard In The Field, report, survey, oil, gas, fracking, Texas, drilling, recovery, completions

Time Is Running Out For Some Eagle Ford Service Companies

Eagle Ford operators need a sustained $50 oil price to stoke demand. Meanwhile, service companies are almost exclusively working on maintenance projects as drilling slows in the shale play.

Wood Mackenzie, upstream, investment, oil, gas, U.S., unconventional, price, conventional, Russia, Saudi Arabia

Falling Oil Price Drags Down Oil, Gas Investments

An energy research firm forecasts that 7 billion barrels of oil less will be produced between 2016 and 2020.

Ernst & Young, EY, oil, gas, reserves, study, production, exploration

Study: Low Oil, Gas Prices Steer Downward Reserve Revisions

The top 50 U.S. E&Ps saw their revenue and capex each fall by 41% as year-end oil and gas reserves fell 12% and 21%, respectively, in 2015.