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Permian Drilling Record Reported
Thursday, April 18, 2019A unit of Surge Energy US Holdings Co. has reportedly drilled a record-setting lateral in the Permian Basin.

US Set to Export Petroleum Like It's 1949
Wednesday, November 14, 2018IHS Markit contends that the total 2017 US merchandise trade deficit was nearly $250 billion lower than it would have been otherwise had the petroleum trade deficit remained at the 2007 level.

Analyst: LNG 'Most Powerful Weapon' In Addressing Ukraine Crisis
Wednesday, March 12, 2014U.S. LNG could aid its European allies, particularly Ukraine, in weaning their dependence on natural gas from Russia, a policy expert tells Rigzone.

IHS: Unconventional Gas Activity to Fuel Future U.S. Job Creation
Wednesday, June 13, 2012The number of jobs supported by unconventional gas activity in the US will grow to nearly 1.5 million in 2015 and over 2.4 million jobs in 2035, according to a recent report by IHS.

Report: Worldwide Unconventional M&A Spending Reaches Record Highs of $75B
Monday, April 02, 2012Fueled by national oil cos and int'l buyers making acquisitions in N. American shale gas, shale oil and tight oil basins, global unconventional O&G resources reached a record high of $75B in 2011, according to a recent IHS report.

IHS CERA: Costs of Building, Operating Upstream Facilities Bottomed Out
Tuesday, June 22, 2010Capital costs level off and operating costs show modest rise one year after sharp fall, but the Gulf of Mexico oil spill could renew downward pressure on costs in the future.

IHS Launches 2 New Modules to Improve Workflows
Monday, May 10, 2010IHS announced two new modules for IHS PETRA in release — a Directional Well Module and a Decline Curve Analysis Module.

Oil Firms Could Produce on Atlantic Shelf in 7 Years - Study
Thursday, April 01, 2010First production could be as early as seven years on the Atlantic Continental Shelf, roughly estimated to contain 3.8 billion barrels of oil and 137 Tcf of natural gas.

IHS CERA: Big, But Potentially Limited, Output Growth in Iraq
Wednesday, March 31, 2010Iraq's current "highly ambitious plans" to expand oil production are unlikely to be fully realized given political, security, operational and infrastructure challenges, according to a new report by IHS CERA.

IHS CERA Spotlights 'Shale Gale' Sweeping across N.A.
Wednesday, March 10, 2010Fueling North America's Energy Future says that the emergence of shale gas has the potential to be a "game changer," dramatically augmenting natural gas supply and opening new opportunities for competition among different energy sources.

Global Upstream M&A Transaction Value Up 40% in 2009 - Study
Monday, March 08, 2010After two consecutive years of decline, global upstream merger and acquisition transaction value increased 40% in 2009 to just under $150 billion, according to energy research firm IHS Herold.

U.S. Energy Secretary Joins Industry Heavyweights at CERAWeek
Friday, February 05, 2010Energy Secretary Steven Chu joins industry leaders, government officials and renowned economists scheduled to address the world's premier energy conference March 8-12 in Houston.

IHS CERA: Falling Costs for Upstream O&G Facilities Bottoming Out
Tuesday, December 08, 2009The costs of building and operating upstream oil and gas facilities, which fell drastically in Q1 2009 after a prolonged period of escalation, appear to be bottoming out, according to two cost indexes developed by IHS CERA.

Oil Supply Set to Grow Through 2030 with No Peak Evident
Tuesday, November 17, 2009Global oil productive capacity will grow though 2030 with no evidence of a peak of supply before that time, according to a new report by IHS Cambridge Energy Research Associates based on analysis of more than 10,000 projects around the globe.

IHS, Labrador Technologies Announce Global Strategic Agreement
Tuesday, November 10, 2009IHS Inc. and Labrador Technologies Inc. announced today a global strategic agreement to distribute Labrador's eTriever web application bundled with IHS Canadian Oil and Gas Critical Information.

Global Upstream Oil and Gas M&A Activity Rebounded in 2Q
Monday, July 20, 2009The global mergers and acquisitions upstream deal count nearly doubled in the second quarter 2009 from a ten-year low in the first quarter 2009, spurred by a resurgence in oil prices and a thaw in equity and credit markets.

Big Oil Leaders Bet on Long-Term Energy Growth
Wednesday, February 11, 2009Touting an optimistic message, some Big Oil executives insist that long-term growth in energy demand remains unchanged.

Petro-Victory Looks for Farm-In Partner on Paraguayan Block
Tuesday, January 27, 2009IndigoPool reports that Petro-Victory is searching for an exploration partner on its wholly owned, 1.98 million-acre Pirity Block in Paraguay.

Increases in Costs Higher for Offshore Projects Than Onshore
Thursday, December 11, 2008Increases in costs, and the resulting index values, continue to be comparatively higher for offshore projects in the representative portfolio than for onshore projects.

Upstream Project Cost Index Rises 9.2% to Record High
Thursday, December 11, 2008Despite the global recession, the costs associated with constructing new oil and gas upstream facilities have reached a record high, according to the most recent IHS CERA Upstream Capital Costs Index.

New Study for O&G Industry Underscores Global Revenue Increase by $86B
Thursday, September 04, 2008The IHS Herold/Harrison Lovegrove study found that worldwide revenues increased by $86 billion for the oil and gas industry, implying an average realized price of $47.53 per barrel, a 9 percent increase from 2006.

IHS Acquires Assets of Reservoir Visualization
Wednesday, July 09, 2008IHS Inc. announced the acquisition of the current inventory of digital log and raster image assets of Reservoir Visualization, Inc., an exploration and reservoir management consultancy specializing in the creation of stratigraphic framework.

IHS, Energistics Roll out First-Ever Standardized Well ID Service
Monday, July 07, 2008IHS and Energistics have announced the launch of a service that delivers an industry standard for global unique well identifiers for all known oil and gas wells outside North America.

IHS Acquires 50% JV Interest in Lloyd's Register-Fairplay
Tuesday, March 04, 2008IHS Inc. announced the acquisition of Prime Publications Limited, which owns 50 percent of Lloyd's Register-Fairplay Limited. The acquisition makes IHS a 50-50 joint venture partner in Lloyd's Register-Fairplay, a leading source of global maritime in

The End of the 2007 Hurricane Season Is Here
Friday, November 30, 2007As the Gulf of Mexico's 2007 hurricane season draws to a close on November 30, the industry squeaks by with relatively little production disruption.

Sonangol's Bid Round Pre-Qualification Deadline Approaching
Monday, October 22, 2007Sonangol as announced that all national and international oil companies seeking to pre-qualify to participate in Angola’s 2007-2008 E&P Licensing Round must submit the proper documentation to Sonangol by November 13, 2007.

Angola's Sonangol Announces Road Shows for Bid Round
Wednesday, September 26, 2007Sonangol has enlisted IHS to facilitate the road shows which are scheduled for the month of October in Luanda, Houston and London.

IHS to Acquire John S. Herold, Inc., a Leading Energy Research Company
Thursday, August 16, 2007IHS announced the acquisition of Norwalk, CT-based John S. Herold, Inc., an independent research firm that provides in-depth analyses and key financial and operational data on more than 400 global oil and gas companies.

IHS Acquires SDG Oil & Gas Consulting Practice
Wednesday, July 18, 2007IHS has acquired the assets of Strategic Decision Group Corporation's Oil & Gas Consulting Practice for $7.6 million in an all-cash transaction.

BC and Saskatchewan Well Files now Available with IHS RapiData
Wednesday, July 18, 2007IHS Inc. has released the complete online well file document library for British Columbia and Saskatchewan in its IHS RapiData dataset.

Costs Chase Prices as North American Drilling Shifts to Unconventional
Tuesday, June 26, 2007Continued strong market prices will be necessary to motivate a sufficient level of drilling in North America simply to maintain production on a flat trajectory, according to the first-ever analysis of 273 individual plays in the U.S. and Canada.

MetaCarta to Provide IHS with Geographic Data
Monday, June 11, 2007MetaCarta, Inc. on Monday announced an agreement with IHS Inc. to enhance MetaCarta's Energy Geographic Data Module (GDM) to provide the most accurate and up-to-date information when searching for energy-related information specific to a location.

IHS Acquires Geological Consulting Services
Wednesday, June 06, 2007IHS has acquired the inventory and assets of Geological Consulting Services, a provider of formation tops data files in electronic and other media covering South Texas, East Texas, North Louisiana, South Arkansas, Mississippi, Alabama and Florida.

IHS: Iraq's Oil Production Capacity Could Double in Near Term
Thursday, April 19, 2007IHS Inc. on Wednesday announced the upcoming launch of the Iraq Atlas, the first and only detailed analysis of oil reserves, production and development opportunities developed since the start of the Iraq conflict.

New PETRA Release Delivers Integration with IHS Enerdeq
Tuesday, March 27, 2007IHS Inc. has launched PETRA, a new version of its popular PC-based geological analysis software with automated data access.

New IHS Acquisition Screener Helps A&D Teams Identify Acquisition Targets
Tuesday, March 27, 2007IHS Inc. has launched IHS Acquisition Screener, a new asset screening resource for oil and gas acquisition and divestiture (A&D) teams.

IHS Acquires RapiData
Thursday, March 22, 2007IHS Inc. has acquired the RapiData product, well known for its comprehensive well test, pressure and completions data for the Western Canadian Sedimentary Basin. IHS purchased RapiData from Rapid Technology Corporation of Calgary, Alberta, Canada.

Ikon Science's GeoPressure Technology Releases New Norway Pressure Study
Thursday, March 08, 2007Ikon Science has released a major new, mid-Norway Pressure Study by its Durham-based subsidiary GeoPressure Technology. The study follows GeoPressure's highly-successful pressure study of the North Sea Central Graben in 2004.

IHS to Host Angola Offshore Licensing Round in Early 2007
Friday, October 20, 2006IHS Inc. has been engaged by Sonangol, the national oil company of Angola, to help facilitate an offshore E&P licensing bid round for Angola in early 2007.

IHS Files with SEC for Secondary Sale of Stock
Friday, September 29, 2006IHS Inc. has filed a registration statement with the SEC relating to a proposed secondary offering of $300 million of its Class A common stock, including an option for the underwriters to purchase additional shares of common stock.

IHS Introduces Expanded Capabilities of Enerdeq Desktop
Tuesday, September 26, 2006IHS Inc. has expanded capabilities of IHS Enerdeq Desktop Version 1.1, the next-generation of AccuMap in Canada. This new version allows global clients to analyze and map the most comprehensive exploration and production (E&P) data in Canada.

IHS Adds LNG Re-gasification Cost Data Module to QUE$TOR Software
Tuesday, September 26, 2006IHS Inc. has added an LNG re-gasification cost data module to its QUE$TOR software suite for analyzing upstream oil and gas project costs.

IHS Introduces Industry's First Raster Log Subscription Service
Wednesday, September 20, 2006IHS Inc. is now delivering depth-registered, fully indexed raster logs for Texas Railroad Districts 1-4 and South Louisiana in a unique new subscription package.

IHS Inc. Completes Two Acquisitions
Thursday, June 08, 2006IHS has completed two separate acquisition transactions: GeoPLUS Corporation and Construction Research Communications (CRC) Limited.