Production

Crude oil production drop slows growth in oilfield process chemicals market – study

News

Demand for more effective chemicals will increase during forecast period as companies meet the challenges of more extreme conditions, such as deep offshore deposits The market for oilfield process chemicals, which support the exploration and processing of crude oil and natural gas in the field,  is slowing as oil and gas companies refocus toward increasing operating […]

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Investments in US exploration & production firms resilient despite low oil, gas prices – Fitch

Energy Financial

Oversupply has worked its way into refined products, affecting US refiners’ profitability and utilization CHICAGO – The US investment- grade exploration and production (E&P) sector has weathered the two-year commodity price downturn mostly unscathed, according to Fitch Ratings’ North American Exploration and Production Handbook. Most companies in Fitch’s monitored universe had stable or higher amounts available

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US oil production increases 152,000 b/d, rig count and refinery utilization up – Platts

News

Canadian imports jumped 445,000 b/d to 3.302 million b/d (most Canadian imports enter US through Midwest) US Gulf Coast refiners processed a record amount of crude oil last week, helping draw barrels from storage according to Energy Information Administration data released Wednesday, says S&P Global Platts. Gulf Coast crude runs rose 101,000 b/d to 8.956 million b/d in

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US EIA data shows global oil supply/demand re-balance may be underway

News

Brent’s contango narrowed sharply Monday, suggesting that a tightening of the global supply and demand balance could already be underway While oil futures have rallied this past week over talk of a more balanced global market, any prolonged price increase must grapple with bloated US crude oil inventories just as the market enters its typical

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Tight gas production ramps up in Argentina’s Neuquén basin, representing 1/4 of output

News

Capital efficiencies of Argentina’s tight gas wells are on par with the best plays in US HOUSTON— Operators in Argentina are focusing on reversing the Neuquén basin’s gas production decline by targeting low-permeability, tight gas reservoirs, says consultancy Wood Mackenzie. The shift to tight gas production over the last three years is being driven by pricing

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Shale gas production drives world natural gas production growth

News

Shale gas production accounted for over half of US natural gas production in 2015 In the US Energy Information Administration’s International Energy Outlook 2016 (IEO2016) and Annual Energy Outlook 2016 (AEO2016), natural gas production worldwide is projected to increase from 342 billion cubic feet per day (Bcf/d) in 2015 to 554 Bcf/d by 2040. The largest

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US natural gas production ends 5 month decline, rises nearly 1% above June – IHS

News

July showed production in Texas, the Midcontinent and Western US, had greatest decline HOUSTON – US natural gas production levels in the lower 48 states increased nearly 1 per cent in July 2016, and averaged 73.3 Bcf/d, ending a five-month production decline, according to analysis from IHS Markit. The production increase, IHS Markit said, represents a 0.6

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