Tag: forecast
Autonomous vehicle sales forecast to surpass 33 million annually in 2040 -IHS Markit
U.S. market will see first autonomous vehicle sales in world More than 33 million autonomous vehicles will be sold globally in 2040, a substantial increase from the 51,000 units forecast for the first year of significant volume in 2021, according to the latest autonomous vehicle sales forecast from IHS Markit. The rapid convergence of autonomous driving and mobility […]
Oil demand could plateau in 2030’s due to EVs: OPEC
OPEC oil demand to reach 33.10 million bpd in 2019: Report In a report by OPEC, the cartel says if consumers rapidly adopt electric vehicles, world oil demand will reach a plateau during the second half of the 2030’s. “In just a few years, EVs have gone from being completely unaffordable, impractical and not particularly nice, […]
PSAC forecasting 7,900 wells drilled in 2018, better than 2017
2018’s activity to be better than 2015, 2016 and 2017 The Petroleum Services Association of Canada (PSAC) released its 2018 Canadian Drilling Activity Forecast, with an expectation of 7,900 wells drilled in Canada, according to a press release. For 2017, the association’s final revised forecast predicts a yearly total of 7,550 wells. PSAC bases its […]
B.C. economy expected to slow in 2018
CPAs say recent wildfires will have long-term economic impact According to the BC Check-Up, an annual economic report released by the Chartered Professional Accountants of British Columbia (CPABC), provincial GDP is forecasted to 2.9 per cent in 2017, and 2.0 per cent in 2018. “B.C.’s strong economy continued to attract residents last year, and the […]
Global forecasts for pipeline pigging systems market – Technavio
There are many laws, guidelines, and regulations to design, install, and operate a pigging system Technavio analysts forecast the global pipeline pigging systems market to grow at a CAGR of almost 4 per cent during the forecast period, according to their latest report. The research study covers the present scenario and growth prospects of the global […]
PSAC boosts 2017 drilling forecast 60%, service rates rise more slowly
3,320 wells to be drilled in Alberta, up from 1,900 wells in the original PSAC forecast The Petroleum Services Association of Canada (PSAC) announced a revision of the forecasted number of wells drilled across Canada for 2017 to 6,680 wells, according to a press release. That’s an increase of 2,505 wells and a 60 per cent […]
Canadian gas producers squeezed out of American markets by US shale
On the financial side, Canadian industry will remain in survival mode in the coming years Prospects for Canada’s natural gas producers continue to deteriorate as continued strength in US production results in weaker demand for Canadian gas and low prices, according to The Conference Board of Canada’s latest Canadian Industrial Outlook: Gas Extraction. “North America’s […]
Forecast: Global nuclear reactor construction market 2017-2021
In 2016, governments of India and Japan signed a deal on nuclear reactor power Technavio market research analysts forecast the global nuclear reactor construction market to grow at a compound annual growth rate (CAGR) of more than 5 per cent during the forecast period, according to their latest report. The market study covers the present scenario […]
US oil production forecasts revised higher: Kemp
Price differentials can be important in shale plays such as Eagle Ford which have both liquids-rich and gas-rich areas By John Kemp LONDON (Reuters) – US oil production forecasts for 2017 and 2018 have been boosted significantly as a result of rising prices as well as improved modelling techniques for predicting output down to the well level. Crude production […]
Oil price forecasts for 2017, 2018 rise as downside risks fall: Kemp
Fewer forecasters expect oil price spike before end of 2020 By John Kemp LONDON – Energy professionals have become less bearish about the outlook for oil prices in 2017 and 2018 as downside risks have fallen, an annual survey by Reuters shows. But price expectations for the end of the decade have changed little since the […]
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