Projections before the April 20 blowout in the GoM showed deepwater production capacity had the potential to rise to 10 mbd by 2015—a rate of expansion well above the expected average rate of global supply growth. Read this and other deepwater production facts compiled by IHS CERA.
The costs of building and operating upstream oil and gas facilities—which fell drastically in Q1 2009 after a prolonged period of escalation—hit bottom and were beginning to show signs of an upward trend at the end of Q1 2010, according to two cost indexes developed by IHS CERA.
Benchmarking cost performance among NA upstream operators, SAIC found that average General and Adiministrative (G&A) cost per BOE rose from 3.32 in 2006 to 4.65 in 2008. Using aggregate domestic oil and gas production as a guide, the increase of 1.33 in G&A cost per BOE translates to over 4 billion in lost profits in 2008 alone. To be competitive in the current environment, upstream companies must focus attention on this important cost element.
Unconventional shale gas plays and oil production are the focus of companies seeking to generate production growth, while capital will shift from offshore to onshore US following the Deepwater Horizon tragedy. Exploration and production spending, excluding acquisitions, is expected to rise by 8% to $353 billion in 2010 among the largest publicly traded oil and gas companies, according to the IHS Herold 2010 Global Upstream Capital Spending Report.
McConnell Jones Lanier & Murphy names Dixon consulting ...
... business performance for public, private and government clients in a variety of industries including manufacturing, oil and gas, investment management, real ...
Malaysia goes deeper and further afield - Oil & Gas Financial ...
... the relatively short presence in Malaysia, Talisman feels it has added value to Malaysia's and PETRONAS's goal in the development of its oil and gas resources. ...
Common Resources completes sale for $805M - Oil & Gas Financial ...
... Dallas-based Foundation Energy Management LLC, a manager of oil and gas investment partnerships for institutional investors, has closed Foundation Energy Fund ...
Foundation Energy Fund III closes at $73M - Oil & Gas Financial ...
... Energy’s managed proven reserve base to over 13M boe Dallas-based Foundation Energy Management LLC, a manager of oil and gas investment partnerships for ...
Tudor Pickering Holt develops into key energy finance player - Oil ...
... growth. Ward Polzin, Maynard Holt. OGFJ: What are the major obstacles to developing oil and gas resources in the US? PICKERING: For ...
OGFJ provides petroleum industry managers, analysts and investors credible information about the most important financial developments of oil exploration, oil and gas investments, international and regional oil and gas information and more.
PennEnergy -- An aggregation of content from all PennWell Petroleum & Power brands and other industry sources, PennEnergy delivers original industry news, financial market data, in-depth research, maps, surveys, statistical data, and equipment/service information.
Web Site: www.pennenergy.com
Oil & Gas Journal -- First published in 1902, OGJ is the world's most widely read petroleum industry publication. Each week the Journal delivers the latest international petroleum news; analysis of issues and events; practical technology for design, operation and maintenance; and important statistics on international markets.
Web Site: www.ogj.com
Offshore -- First published in 1954, is a monthly publication recognized ast he worldwide leader for covering the key issues, trends and technology relative to offshroe oil and gas E&P operations.
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Oil, Gas & Petrochem Equipment --The most complete source of "What's New" in oil industry products, equipment, systems and services for drilling, production, wellhead and refining since 1954.
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Schlumberger boosts international position as it finalizes $11B ...
... Zacks Equity Research calls the merger "a good strategic fit" because the companies not only covered many of the same geographical regions, but showed the ...
<B>Shale Goes Global</B> - Oil & Gas Financial Journal
... more than happy to accept our insight and technical advice in this space, with the country just last week launching a national shale gas research center and ...
Plentiful unconventional gas supplies adversely affects global LNG ...
... led to a significant drop in global demand for natural gas, which has led to a huge slump in natural gas prices, according to a new report from GBI Research.
Butler joins Stephens Inc. to develop E&P research practice in ...
... as a senior vice president to develop an E&P Research practice.. Butler joins Stephens Inc. to develop E&P research practice in Fort Worth. ...
As Canshale fails to raise funds, Oilsands cancels oil shale asset ...
... lands. According to a May research report by IHS CERA, Canadian oil sands may become top source of crude oil imports to US in 2010.
