By _Offshore_Energy_Today_ Offshore continues to thrive and has much to offer in the future despite oil price downturns and the shale revolution, according to Norwegian oil and gas intelligence firm Rystad Energy. … Read Full Article Here For more great articles: Offshore Energy Today
By Offshore Energy Today The offshore industry is experiencing rapid change as companies have scaled down projects, introduced strict standards for facilities and equipment and optimized project design By Alessandro Blasi Senior Programme Officer The last few years have been particularly challenging for the oil and gas industry. From the natural gas shale revolution beginning…
By Offshore Energy Today Much has been said about the shale revolution and the low oil prices effects during the first day of the CERAWeek conference in Houston. On the other hand, not so much attention was given to the offshore part of the industry. This was also acknowledged by John Hess, the CEO of…
Article Abstract: From the tens-of-thousands of hard working Pennsylvanians that make up shale’s broad supply chain to the teachers and school students kept warm – more affordably – in the winter season with reliable natural gas and manufacturers realizing energy savings from shale, every Pennsylvanian is benefitting from our shale revolution. In fact, as the…
Article Abstract: The shale revolution is on hold as a global oversupply of oil and low prices continue to haunt producers. Related: OPEC Challenges Bakken Shale Drillers In December, OPEC announced that it would not decrease production in order to curb the falling price of crude. OPEC continued this strategy throughout the year, which has caused major…
Article Abstract: Much has been made about the impressive gains in efficiency and productivity in the shale patch, as new drilling techniques squeeze ever more oil and gas out of new wells. But the limits to such an approach are becoming increasingly visible. The U.S. shale revolution is running out of steam. The collapse of…
Article Abstract: The resilience of US shale producers has surpassed all expectations as they have wrung extra efficiencies out of their operations and pulled rigs back to prolific areas. from Rigzone.com: Latest News Headlines Click Here To Read Full Article Visit Rigzone.com: Latest News Headlines for more great articles.
Article Abstract: BP Group’s chief economist for Russia & CIS, Vladimir Drebentsov, said at the presentation of the Statistical Review of World Energy 2015 and projections to 2035 in Baku that Europe’s needs for gas imports are going to grow as its own gas production declines. He stressed that a shale… from Natural Gas Europe…
Article Abstract: After delays, strikes, and cost overruns, the Panama Canal expansion is finally set to open in April 2016. But the global energy landscape has changed in the eight years since construction began, with opportunities first expanding and now, potentially, contracting. The question today is whether the new canal can still fulfill a promise…
Article Abstract: Prior to the drop in oil prices during the second half of 2014, the shale revolution was putting the US in a position to become less dependent on foreign oil, fueling job creation in the oil and gas industry, and creating a manufacturing renaissance. Many countries attempted to replicate the same success that…