Tag: Latin America
Brighter global economic outlook after Trump, EU “far right” election fears ease – Conference Board
Low oil prices one reason why world economic growth expected to be 2.9% in 2017 Following a tepid increase of 2.5 per cent in 2016, growth in the world economy will pick up this year, with real GDP forecast to rise by 2.9 per cent, according to The Conference Board of Canada’s World Outlook: Summer 2017. […]
March 2016 rig counts released, numbers down across globe
HOUSTON- Baker Hughes announced today that the international rig count for March 2016 was 985, down 33 from the 1,018 counted in Feb. 2016, and down 266 from the 1,251 counted in March 2015. The international offshore rig count for March 2016 was 211, down 14 from the 225 counted in Feb. 2016, and down […]
Pioneer Natural Resources reacts to lifting of the crude oil export ban
Europe, Asia and Latin America are potential markets for U.S. crude oil exports The American oil industry and its supporters are applauding the passage of legislation to end the 40-year old crude oil export ban and forecasting significant benefits for consumers and businesses alike. One of the strongest criticisms of the ban, enacted in the […]
Vaca Muerta shale play to double production by 2018
In 2016, Wood Mackenzie estimates total capex at US$1.2 billion as companies prepare for full development Production from Latin America’s premier shale play, the Vaca Muerta, is expected to double by 2018, according to a new development study by Wood Mackenzie. Argentina’s massive play continues to be the most prospective tight oil play outside of […]
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