World Oil's Daily Brief
While opinions differ on oil demand and production rates, a fourth week of growth in the rig count appears to prove some projections right, while invalidating others.
Enterprising operators and service companies are positioning to drive a step change in how fossil fuels are explored and produced.
Drilling activity across the board continues to rise, while oil traders expect a long road to demand recovery; Venezuela and Iran continue to flout U.S. trade sanctions; and a recovering Libya adds to OPEC+ challenges.
Political moves, both current and projected, are placing outsized influence on U.S. and Canadian oil markets
While Canada's leaders promise measures to protect oilfield livelihoods, shale drillers in the U.S. are working to minimize the impacts of a potential Biden victory.
BP has boldly claimed that global oil demand will peak in the next ten years in its 2020 Energy Outlook. Some emerging trends in the upcoming World Oil 2020 Drilling Forecast reveal how future production capacity may make that happen.
In addition to record job losses, legislative activities and harsh economic realities will limit options for oil and gas sector growth in North America's post-coronavirus economy.
In a post-Schlumberger world, how will the new frac services landscape change the way shale explorers operate?
Between Halliburton and Liberty Oilfield Services, hydraulic fracturing now has two major players with fundamentally different field capabilities and technology ambitions.
A close examination of drilling activity and oil price resilience suggest that pieces may be coming into place to support the start of a U.S. shale recovery.
As forecasts show no near-term end in sight for depressed oil demand, operators are making dramatic adjustment to meet new industry realities.
From bankruptcies and asset fire sales to job losses and record declines in crude production, drilling activity levels not seen since 1940 are affecting every corner of the oil and gas industry.