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The Hard Part
A recent article by Deon Daughtery in “Rigzone” observes that there was a collective sigh of relief across the global oil industry when both OPEC and non-OPEC producing nations agreed to a production cut. However, many energy investors temper their joy with concern that the parties to the agreement will not adhere to the agreed… Read More
$75 in 2017?
The agreement between OPEC and non-OPEC countries to reduce production was cheered from Midland to Kuala Lumpur. A recent article in “Rigzone” provides some details of the agreement and insight as to the implications. While some industry observers contend that the market was already starting to rebalance, the accord is clearly a significant development. Many,… Read More
ENI on Reserves
“Rigzone reports that ENI (Ente Nazionale Idrocarburi) has just issued its 15’th World Oil and Gas Review. According to the Italian super major oil company, global oil reserves increased in 2015 while gas reserves declined. Also, the report found that oil production during 2015 increased by 2.9% to a new record high. Most of this… Read More
IEA’s View
Apparently, the International Energy Agency’s (IEA) forecast for oil prices depends on how far you look into the future. According to a recent article in “World Oil”, Fatih Birol, the agency’s executive director, sees the answer differently depending on timing. Oil prices responded favorably after the OPEC meeting on September 28, when producing nations agreed… Read More
Produced Water Treatment
Whether offshore or onshore, oil and gas are often found in areas where there is a shortage of fresh water. The use of fresh water for drilling and fracking fluids only aggravates the shortage. Further, oil and gas are typically produced with formation brine, and fracking results in flowback water, both of which need treatment… Read More
