By Steve Hendrickson, Opportune/Ralph E. Davis Associates During the last two years, many observers, including me, have suggested that consolidation is needed in the upstream oil and gas industry. Logically, it’s the right response to a commodity-based business exiting a high-growth phase and facing low prices. If you can’t control prices, the thinking goes, then […]
RRC Inspections Continue on PHP
Inspectors with the Railroad Commission of Texas are continuing critical inspections of the Permian Highway Pipeline (PHP), one of the largest pipeline projects under construction in Texas in 2020. Stretching more than 400 miles from the Permian Basin to the Houston area, the pipeline will bring West Texas’ natural gas to the world market. Given […]
Oilfield Services Pressured By Plummet in Oil Price
Exploration-focused oilfield service (OFS) companies will be the sector facing the largest demand decline as a result of oil and gas producers cutting their capex and operating expenditure, followed closely by drillers, Fitch Ratings says. The impact will be felt across the entire OFS sector, but diversified companies and service providers working in regions with […]
OleumTech Opens Midland Office
OleumTech, a provider of wireless industrial automation and IoT solutions, announced in July the opening of a new office in Midland with a training facility that the company describes as state-of-the-art. The office will primarily accommodate and support customers in the region. The new location will house a full display of OleumTech products for demonstrations […]
Global O&G Deals Reach $28B in Q2
Total oil and gas industry deals for the second quarter of 2020 were worth $28 billion, according to a July 29 report from GlobalData. The value marked an increase of 106 percent over the previous quarter and a drop of 68 percent when compared with the last four-quarter average of $88 billion. In terms of […]
Economic Outlook for the United States
by The Perryman Group The U.S. job market has recently shown signs of recovery, though total employment remains well below pre-Covid-19 levels. The most recent U.S. jobs reports indicate gains of 2.7 million jobs in May and 4.8 million in June, with a decrease in the unemployment rate from 14.7 percent in April to […]
Chevron’s Noble Acquisition Bets on Future Gas Demand
Following the news that Chevron is to acquire Noble Energy for $13bn, Adrian Lara, senior oil and gas analyst at GlobalData, a leading data and analytics company, offered this view: “Since the crash of oil price and demand in March 2020, there has been an increasing expectation for mergers and acquisition (M&A) activity to show […]
Restructurings Signal Paradigm Shift
Q&A With Opportune Managing Partner David Baggett: Oil & Gas Restructurings Signal Paradigm Shift The upstream oil and gas industry is currently undergoing a paradigm shift as companies scramble for cash and face bankruptcies and restructurings under the weight of heavy debt loads while operating in one of the worst downcycles in history, according to […]
A Case for Optimism
In the wake of the Saudi-Russian Price War, it’s understandable if some care not what the Saudis think about the fortunes of oil and gas in what remains of 2020. That said, there is, for those who care to hear it, a profession of optimism from the Saudi’s top oilman. IHS Markit reported that Saudi […]
Refiners Reconsider Strategies
Demand for transportation fuel has taken a huge hit on oil refineries since late March 2020 amid COVID-19 lockdowns, according to researchers at GlobalData. Being ill prepared to tackle such sudden demand erosion at such a short notice, these refiners had no choice but to limit production, revisit business portfolios, slash capital expenditure, and stall […]
- « Previous Page
- 1
- …
- 37
- 38
- 39
- 40
- 41
- …
- 48
- Next Page »