Saudi Arabia’s oil minister is concerned about potentially disruptive trends that could undermine the oil industry in the coming decades. New technologies and efforts to cut carbon emissions offer potentially existential threats to the world’s most important commodity. Current projections from the IEA and other analysts all forecast demand for oil increasing, with medium-term forecasts… Keep reading →
Every year Germany’s Federal Institute for Geosciences and Natural Resources (BGR) publishes its annual BGR Report showcasing BGR scientists’ work on fascinating projects in the world of geosciences. All projects are driven by BGR’s mission statement – “Planet Earth represents the basis for all our lives – its resources are limited” – and underscore BGR’s… Keep reading →
Oil prices have plummeted over 30% since June, but the sky is not falling on US producers just yet. There has been a lot of conjecture about how lower oil prices are making unconventional wells uneconomic to drill and complete. What does this mean for US oil production volumes going forward? While companies will adjust… Keep reading →
