The President of one of Canada’s biggest oil and gas producers warned the oil sands industry that they must cut costs or face a “death spiral”. The drop in oil prices is an “opportunity” for every part of the industry to cut costs and eliminate inefficiencies that crept into the system during years of high… Keep reading →
US oil production continues to improve despite the recent drop in oil prices and a declining rig count. The reason? Improved drilling productivity, particularly in shale. “The headline U.S. oil rig count offers little insight into the outlook for U.S. oil production growth,” Goldman Sachs Group Inc. analyst Damien Courvalin wrote in a Feb. 10… Keep reading →
When you consider how much of the globe is covered by water it’s easy to see why some say the future of oil & gas production lies offshore in ultra-deep water. But while hydrocarbons are likely to be found in these locations, projects built to extract them can be more challenging than some space missions… Keep reading →
Future oil and natural gas production as well as exploration is expected to take place in some of the most remote and inaccessible places in the world. Reservoirs with the highest commercial potential are seen to be located offshore in deep waters or in the Arctic. Both “frontier” areas have challenges in common such as… Keep reading →
The energy industry – oil & gas sector in particular – is bracing itself for a massive wave of retirements over the short to medium term, which has been dubbed “The Great Shift Change.” As the industry prepares for this turnover, companies are looking to the next generation of candidates with skills ranging from finance,… Keep reading →
President Barack Obama came into Tuesday’s State of the Union address with some pretty compelling environmental credentials. On his watch, the U.S. has led the world in cutting carbon emissions, the use of renewables has dramatically expanded, and the Obama White House has consistently pushed to raise taxes and increase regulation on the oil and… Keep reading →
With all the fast moving trends flowing through the global energy business today – from shifting natural gas market dynamics, US oil & gas production increases, climate change issues and workforce demographics – it’s always interesting to hear which markets energy company executives are focusing on. Ernst & Young Global Oil & Gas Leader, Dale… Keep reading →
