Tag: North America
Kinder Morgan Q4 revenue falls 6.8 per cent
Kinder Morgan revenue falls from $3.64 billion to $3.39 billion Jan 18 (Reuters) – Kinder Morgan Inc reported lower-than-expected quarterly revenue for the ninth straight quarter as its pipelines transported lower volumes of oil and gas. Pipeline companies, once seen as insulated from commodity price swings due to fixed-fee contracts, were hit hard by a […]
North America will leverage global frac sand market until 2020
Sourcing frac sand from Mexico is emerging trend, proximity to Texas shale plays supports growth LONDON- According to the latest market research report by Technavio, the global frac sand market is expected to grow at a compound annual growth rate of more than 10 per cent until 2020. In this report, Technavio covers the present scenario and growth […]
North America and Europe: the push for renewable energy
Solar may not be ‘the new shale’ yet, but making impact on hydrocarbon demand faster than previously expected More than any other region, North America and Europe will see an underlying narrative of declining fuel demand as a result of de-carbonisation efforts and the availability and relatively low cost of gas. As we approach 2035, […]
OPEC cuts might have biggest impact in North America – Fitch
Fitch believes a substantial amount of shale oil production could be ‘turned on’ at a sustained $55-$60 level NEW YORK & CHICAGO- OPEC’s latest announcement may end up having the biggest regional impact in the US, given the high sensitivity the shale sector has to oil prices and any subsequent changes in oil pricing, according to […]
Schlumberger releases 16,000 employees in 2016 amid weak Q2 results
US land rig count fell by 25% in second quarter Schlumberger released it’s second quarter results, and while it’s revenue is up 10 per cent from last quarter, at $7.2 billion, it’s all attributed revenue gained from the merger with Cameron International Corporation, which finalized April 1. North American revenue decreased 12 per cent, while international revenue decreased 9 per cent. “In the […]
Plug-in electric vehicle market to grow 62% year over year – Navigant
While plug-in electric vehicle sales have been concentrated on the US West Coast, adoption in Northeastern states expected to grow BOULDER, Colo.- A new report from Navigant Research forecasts significant growth in 2016 American plug-in electric vehicle sales, driven primarily by sub-$40,000 PEVs. The study assesses plug-in electric vehicle sales and populations in the US and Canada, […]
Global shale gas market expected to reach $214 billion by 2022 – study
Asia-Pacific power generation accounted for highest shale gas consumption (37% in 2015), expected to grow at CAGR of 45.5% The North American shale gas market is expected to maintain its foothold in the market throughout the analysis period registering a compound annual growth rate (CAGR) of 12.6 per cent, in terms of revenue, according to a report […]
Oil, gas companies lead 2015 credit rating downgrades – Fitch Ratings
Pressure from lower-for-longer oil, gas prices has weakened credit profiles beyond Fitch’s original expectations NEW YORK – According to Fitch Ratings, energy (oil and gas) and natural resource companies made up 33 per cent of credit rating downgrades, excluding sovereign related, during 2015. Persistently weak oil prices have continued to lead to CAPEX reductions or delays and have been […]
Oil and gas drives $27 Billion global market (by 2020) for centrifugal pumps
Demand for centrifugal pumps in Americas is dominated by oil and gas industry (expected to exceed $5 billion by 2020) The global market for centrifugal pumps is growing rapidly and one of the key drivers will be a rejuvenated oil and gas sector, according to a new report from Technavio, which forecasts the industry to grow […]
North America natural gas more abundant, cheaper than previously estimated – study
Technology – improved understanding of subsurface geology, 3D seismic, specialized fracking – key to new natural gas plays such as Utica Shale North America’s natural gas resource base is more abundant and lower cost than ever, according to a new assessment by IHS, and the findings show a considerable growth of the low-cost segment of the […]
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