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Shell is Wrong: Global Oil Demand Can Only Increase

Industry Headlines

DOJ is Said to be Reviewing Anti-OPEC Legislation
Thursday, November 22, 2018 The Department of Justice is formally reviewing antitrust legislation aimed at reining in OPEC's power over oil markets, according to a department official.

Trump Pushes for Lower Oil Prices
Thursday, November 22, 2018 U.S. President Donald Trump has pushed for lower oil prices in a Twitter statement published Wednesday.

OPEC Will Struggle to Muster Friends for Oil Cuts
Thursday, November 22, 2018 OPEC will struggle to carry all of its partners from outside the group along with it as it looks to extend output cuts into a third year, writes Bloomberg oil strategist Julian Lee.

OPEC's Worst Nightmare: Permian Ups Production
Wednesday, November 21, 2018 OPEC's bad dream only deepens next year, when Permian producers expect to iron out distribution snags that will add three pipelines and as much as 2 million barrels of oil a day.

Putin May Talk Oil with Saudi Crown Prince at G20
Wednesday, November 21, 2018 Russian President Vladimir Putin may meet with Saudi Crown Prince Mohammad bin Salman at the Group of 20 summit next week and discuss issues including the oil market, the Kremlin says.

Canadian Oil Patch Plunged into Crisis
Wednesday, November 21, 2018 While the U.S. oil industry has hit a speed bump with the recent drop in oil prices, producers in Canada are in a full-blown crisis.

Brent Will Recover Towards Year-End
Wednesday, November 21, 2018 Fitch Solutions Macro Research's core view is that the price of Brent crude oil will recover towards the end of the year to average over $74 per barrel in 2018.

Shell is Wrong: Global Oil Demand Can Only Increase
Wednesday, November 21, 2018 The great shale rise has put to bed the 'peak oil production' theory but it has not stopped the apparent new concern of 'peak oil demand.'


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Exploration

Trump Wants to Expand Drilling in Alaskan Oil Reserve
Tuesday, November 20, 2018 The Trump administration is moving to expand the territory open for oil exploration in Alaska's National Petroleum Reserve.

Strong Interest in Latest UK Licensing Round
Wednesday, November 14, 2018 The UK's latest offshore licensing round has attracted 36 applications covering 164 blocks.

Less Appetite for Exploration Drilling
Monday, November 12, 2018 There's less appetite for exploration drilling, according to Rystad Energy.

US Adds 12 Oil Rigs This Week
Friday, November 09, 2018 The United States has added rigs four out of the last five weeks.

Croatia Launches Second Onshore License Round
Wednesday, November 07, 2018 Croatia launches its second onshore licensing round.

Eni and Lukoil Form Offshore Mexico JVs
Tuesday, November 06, 2018 Eni and Lukoil have signed a farm-out deal to transfer participating interests in three shallow-water exploration licenses offshore Mexico, Eni reported.


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Production

Big Foot Up and Running
Thursday, November 22, 2018 Chevron's operated Big Foot deepwater project starts crude oil and natural gas production.

Libya Could Be Exempt From Future Cuts in Crude Output
Monday, November 19, 2018 Libya's top oil chief expects OPEC and allied producers to exempt the strife-torn North African country from any future cuts in crude output.

Why US Oil Production Won't Peak Anytime Soon
Monday, November 19, 2018 The US shale oil revolution continues to defy the skeptics.

Offshore Mexico Contract Goes to McDermott
Thursday, November 15, 2018 A McDermott-BHGE joint venture will perform concept and engineering services for the Zama field development project.

First Gas from Karish-Tanin Development On Track
Thursday, November 15, 2018 Energean Oil and Gas plc is on track to deliver first gas from its 2.4 trillion cubic feet Karish and Tanin development offshore Israel.

OPEC+ Said to Weigh Bigger Production Cut
Thursday, November 15, 2018 OPEC+ is considering cutting oil output by more than the 1 million barrels a day Saudi Arabia proposed earlier this week, according to people familiar with the matter.

US Crude Production to Hit Record 7.94 MMbpd in December
Wednesday, November 14, 2018 The US EIA projects record crude oil production in December.


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Finance and Investing

Drop in Crude to Test Big Oil's Devotion to Spending Discipline
Wednesday, November 14, 2018 The world's biggest oil companies have been saying that by keeping a tight rein on spending today, they'll be fortified against the next crude-price collapse.

Gastar Exploration Files for Chapter 11 Bankruptcy
Monday, October 29, 2018 The pure play Mid-continent energy company has entered into a restricting support agreement with its largest creditor and shareholder.

Private Equity Needs Long-Term Approach to Cash in on Shale
Monday, October 22, 2018 For private equity, the game plan for cashing in on the U.S. shale boom is shifting from quick flips to long-term commitments, according to one veteran energy investor.

Aramco Is Not Alone as Saudi Arabia's Privatization Push Slows
Thursday, September 20, 2018 Aramco may have grabbed the biggest headlines, but the oil giant's delayed initial public offering is just the latest sign of Saudi Arabia's slowing privatization push.

Qatar Calls For Increased Investment In Oil And Gas Markets
Thursday, September 06, 2018 Qatar's energy minister calls for oil-producing countries to boost investment in the oil and gas sector given a recovery in the price of oil.

Weatherford CEO Expects 2018 EBITDA To Nearly Double
Wednesday, September 05, 2018 Weatherford International's full-year earnings before expenses will nearly double from last year, CEO Mark McCollum says.


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Company Operations

Sapura Energy Wins New Contracts Worth Over $400MM
Wednesday, November 21, 2018 Sapura Energy Berhad strengthens its presence in Mexico and Malaysia with new contract wins.

Johan Castberg FPSO Topside Work Begins
Wednesday, November 21, 2018 Kvaerner is cutting first steel today for the topside of Equinor's Johan Castberg FPSO vessel.

Pacific Drilling Emerges from Bankruptcy
Tuesday, November 20, 2018 Pacific Drilling emerges from Chapter 11 bankruptcy and names a new CEO.

Heerema to Sell Yards and Cut Staff
Tuesday, November 20, 2018 HFG contends 'the risks associated with building topsides are high and clients are not prepared to pay for this risk.'

Energy Firms Help California Wildfire Relief Efforts
Tuesday, November 20, 2018 Several energy companies have pledged donations to support relief efforts for those affected by the wildfires in California.

ACCC Clears Way for Santos' Quadrant Energy Buy
Monday, November 19, 2018 The Australian Competition and Consumer Commission clears the way for Santos' acquisition of Quadrant Energy.


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