n the Permian Basin, industry conditions can create a domino effect if something slips through the cracks. Securing power, supervising contractors and forecasting long-lead deliveries takes experience.
Canada’s abundant oil reserves make it a promising place for investment, but political hurdles and expansion issues must be addressed to fully tap into its potential.
The phasing out of the Federal Production Tax Credit will mean a decline in new wind projects and increased operating and maintenance on older assets.
The midstream market has evolved. Siemens evolved with it, to meet the emerging needs of pipeline operators globally.
Woodside is also accelerating plans to build a pipeline to move gas from its Scarborough development.
Brent rose $1.10/bbl last week to average $78.49/bbl as WTI rose only $0.42/bbl to average $68.95/bbl.
Integrating all three sectors of the industry, as well as marketing, will position the company to be a global LNG leader, says John Howie.
Wide swings in crude price might seem alarming, but Citigroup’s Ed Morse said it’s “the nature of the world we’re living in.”
Colorado voters will decide on Nov. 6 whether to extend the state’s oil and gas setback requirement by approving Proposition 112, which an analyst described as ‘a widow-maker for the D-J Basin.’
Also this week, California’s plans for 100% carbon-free energy, U.S. dry natural gas production to reach an all-time high and updates on Hurricane Florence.
Mont Belvieu ethane is up 110% for the year and surpasses 44 cents per gallon for the first time since 2012.