Global Gas Flaring Value Approaches US$24bn a Year if Priced at European Prices
Ten countries produced 80% of all flared gas, and their forgone revenue from failing to monetize the gas constituted over US$19bn in 2019, according to...
Exploration & Production
Permian Production Already a Victim of Oil Price War
Following the announcement that several key operators in the Permian Basin are significantly reducing capex or production in their positions as a result of the...
Chemical and Oil Companies to Slash Capex, Slowing Investment Wave
In the wake of the coronavirus and collapse in crude oil prices, chemical, and oil and gas, and midstream companies will all slash capital spending...
Russian Oil and Gas Operators Emerge on Top Despite the Plummeting Oil Prices
Following the news that global oil prices plummeted to an 18-year low on March 18 as a result of the coronavirus-fueled demand shock and the...
Were Oil & Gas Producers Hedged For The Recent Price Collapse?
While energy markets continue to be volatile, fewer oil and gas producers have hedges in place than in prior years. In addition, a number of...
Production in Bakken Formation Expected to Drop by 170 Thousand boe Per Day in 2020
Following the expected cuts in capital expenditure (capex) for shale operators in the Bakken due to demand shock from the coronavirus (COVID-19) and supply shock...
Maka Central Discovery Needs at Least 210 Million boe Recoverable Resources to be Economical
The Maka Central discovery has the potential to bring more than US$50m in revenue per year to the Surinamese Government, if it sees similar success...
Oil Exporters Increase Production While Demand Declines
Sometimes it is difficult to understand the actions of world leaders. A perfect example is the recent decision by Russia to not agree with a...
Autonomous Technology Can Mitigate the Business Impact of the Coronavirus
The coronavirus has exposed the soft underbelly of critical infrastructure and industrial sites worldwide – workforce availability. As more and more companies implement business continuity...
Saudi Oil Price War Unlikely to Have Quick End
Following the news that Saudi Arabia is responding to Russia’s refusal to a new oil production cut agreement by cutting oil prices and boosting supply,...