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Recent events suggest the deepwater GoM is alive and well.
The decision to pair the change in succession with a relaxation of austerity is not surprising, but there are questions about its affordability in the medium term.
Will the petroleum industry’s dreamers and schemers primed by science fiction embrace Big Data to fuel their future? The answer is most certainly ‘yes!’
Oilfield drilling is a complicated process that uses several pieces of equipment to guarantee proper cleaning, safety and extraction.
Rising gas prices has incentivized more gas production and encouraged power producers to switch back from gas to coal at the margin.
A composite index shows higher oil production, prices, rig counts, drilling permits and employment.
Goals of lowering emissions create business opportunities worldwide, but policy support and innovation are needed.
Less OPEC oil on the market enhances the opportunity for American energy to fill needs.
Prior to “the big one,” North America was a bit of an energy enigma.
Market rebalancing will be accompanied by a shift from contango to backwardation, but that will be a symptom of falling inventories not the cause.
The latest EIA drilling productivity report shows shale oil and gas production rising to 5.4 MMbbl/d and 22 MMcf/d, respectively, in June.
On the whole, the arrangement has suited both sides very well for the last 40 years.