Upstream Archives - OILMAN Magazine
Policymakers Increasingly Intolerant of Criminal Activity Targeting Critical Infrastructure #OilmanNEWS Downstream Midstream Oil and Gas News Texas Upstream 

Policymakers Increasingly Intolerant of Criminal Activity Targeting Critical Infrastructure

In recent years, we’ve watched as environmental activists have adopted more aggressive tactics designed to block the development of infrastructure projects that benefit our nation, at times even taking destructive and violent action to stop the construction of pipeline systems and other oil and gas facilities in the United States. Demonstrations against the Keystone XL Pipeline and the Dakota Access… Read More
Texas Petro Index March/Q1: Activity Down But TX Oil & Gas Economy Expanding #OilmanNEWS Oil and Gas News Texas Upstream 

Texas Petro Index March/Q1: Activity Down But TX Oil & Gas Economy Expanding

AUSTIN, Texas – Curious trends are happening in the Texas oil and gas industry, according to the Texas Alliance of Energy Producers March Texas Petro Index (TPI). Despite a decline in the March TPI to 212.4 and in the first quarter 2019, prices continue to improve and Texas crude oil production is still breaking records. A monthly measure of growth… Read More
Petrobras Continues to Lead Global Deployment of Planned and Announced FPSOs #OilmanNEWS Oil and Gas News Upstream 

Petrobras Continues to Lead Global Deployment of Planned and Announced FPSOs

Petroleo Brasileiro SA (Petrobras) is expected to deploy 17 planned and announced floating production, storage and offloading vessels (FPSOs) globally during the outlook period 2019–2025, the highest among all the operators globally, according to GlobalData, a leading data and analytics company. The company’s report: ‘Q2 2019 Global FPSO Industry Outlook – Petrobras Continues to Lead Global FPSO Deployments’ reveals that… Read More
Making Dollars & Cents of Chevron’s $50 Billion Acquisition of Anadarko #OilmanNEWS Oil and Gas News Shale Upstream 

Making Dollars & Cents of Chevron’s $50 Billion Acquisition of Anadarko

Austin, TX – Drillinginfo, the leading energy SaaS and data analytics company, released a new analysis focused on Friday’s announcement that Chevron would acquire Anadarko Petroleum Corporation for $50 billion, the sixth largest transaction in the history of oil and gas acquisitions. If finalized, the deal would break a ‘deal logjam’ given U.S. oil and gas M&A deal values plunged to… Read More
#OilmanNEWS Oil and Gas News Upstream 

IMO 2020 Full Sail Ahead: Incoming Waves for Refiners, Shipowners

As of January 1, 2020, the International Maritime Organization (IMO) will begin enforcing a new regulation that caps the allowable sulfur content of all marine fuels from its current level of 3.5% m/m (mass/mass) to 0.5% m/m. While this new limit will not change the lower limits in existing sulfur Emission Control Areas (ECAs), it will inevitably have wide-ranging implications… Read More
Limited risk to oil majors’ investments from energy transition in medium term #OilmanNEWS Oil and Gas News Upstream 

Limited Risk to Oil Majors’ Investments From Energy Transition in Medium Term

Major oil and gas companies are increasingly highlighting the alignment of their corporate strategies with climate change goals. They are also pursuing major production growth projects, but the value risk to these investments from the energy transition is limited, according to GlobalData, a leading data and analytics company. The company’s latest analysis shows that planned and announced projects from the six… Read More
Oil prices rise as OPEC production declines #OilmanNEWS Alex Mills Contributors Oil and Gas News Upstream 

Oil Prices Rise as OPEC Production Declines

The price of crude oil continued its recovery last week on news of a reduction in oil production worldwide and positive economic news. The Organization of Petroleum Exporting Countries (OPEC) released its monthly production report on Tuesday revealing a decline of 797,000 barrels per day (b/d) in January to 30.81 million b/d, which is just below its projections for oil… Read More
Shell leads global new-build upstream capex outlook by 2025 #OilmanNEWS Oil and Gas News Upstream 

Shell Leads Global New-build Capex Outlook on Planned and Announced Upstream Projects to 2025

A total new-build capital expenditure (capex) of US$846bn is expected to be spent globally on planned and announced upstream projects from 2019 to 2025. Royal Dutch Shell Plc leads among all oil and gas companies and is expected to spend US$54.6bn on upcoming upstream projects during the forecast period, according to GlobalData, a leading data and analytics company. The company’s… Read More
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