Global Markets: Oil, Gas Producers Could See More Money from Lenders in 2018
Oil and gas producers have a reason to be optimistic, if results from law firm Haynes and Boone, LLP’s recent survey is any indication.
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Africa Oil & Gas: Egypt to launch second international bid rounds for oil and gas exploration in 2018
Egypt will launch two international bid rounds for oil and gas exploration in 2018, the Petroleum Ministry said in a statement on Monday.
Read MoreGlobal Industry: CAPEX among world’s largest O&G firms to rise to just under $500B in 2018
Capital expenditure (CAPEX) among the world’s largest oil and gas companies is due to increase 11.5 percent year-on-year (y-o-y) in 2018 to just under $500 billion, according to oil and gas analysts at BMI Research.
Read MoreGlobal Oil & Gas: Industry digitalization will be the key to future growth of energy & environment markets in 2018
2017 was a transition period for long-term changes in the global energy and environment markets. Technology continues to be a key disruptor across industry segments. In addition, against a backdrop of global uncertainty, key focus areas for companies today are high operational efficiency, risk mitigation, optimising production and cost savings. To achieve these, digitalisation initiatives play a critical role. Companies in the energy and environment markets continue to invest heavily in the clean energy sector…
Read MoreIndustry Analysis: 4 Reasons why 2018 is (Finally) a Good Year for Oil
This opinion piece presents the opinions of the author. It does not necessarily reflect the views of Rigzone When I was having conversations with senior members of staff across the oil and gas space 15 months ago, there was a lot of optimism in the air. The consensus was, “we’ve made it through 2016 and the first half of 2017 is going to be our year!” Hindsight shows us that those expectations and…
Read MoreOPEC/non-OPEC Output Cut Deal Could Fall Apart in 2018, Here is Why
U.S. crude oil production continues to grow, and it continues to surprise everyone on its accelerating growth momentum to the fact that many oil market watchers, including the Energy Information Administration (EIA) and Organization of Petroleum Exporting Countries have revised their forecasts for U.S. crude oil production growth multiple times to accommodate the increasing growth potential in U.S. crude oil output.
Read MoreAfrica Oil & Gas: Wentworth Resources provides Mozambique and Tanzania operational update and 2018 production guidance
Wentworth Resources, the Oslo Stock Exchange and AIM listed independent, East Africa-focused oil & gas company, has provided an update to shareholders on its operations in Mozambique and neighbouringTanzania.
Read MoreGlobal Markets: “Gas to be fastest growing fossil fuel in 2040” – forecasts
The share of gas in the overall energy mix will increase from 22 percent in 2016 to 26 percent in 2040, and gas will be the fastest growing fossil fuel in 2040, increasing by 1.8 percent per annum, said the Global Gas Outlook released by the Gas Exporting Countries Forum (GECF).
Read MoreGlobal Oil & Gas: “The price is not right” – Petroleum Economist
The market wants to trade a demand slow-down of the future, while ignoring the fundamentals of the present.
Read MoreGlobal Oil & Gas: China to become second-biggest LNG importer in 2017
By the end of the year, China will have established itself as the world’s second-largest liquefied natural gas (LNG) importer, overtaking South Korea in the process.
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