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In this special edition of Headlines, where we’re taking a look at the oil and gas trends that emerged this year, and you can expect them to carry on into 2018.
One of the top buzz words for 2017 was the “digital oilfield” as digital technologies became an increasingly common aspect of the oil patch.
You can expect everything from data analytics and the industrial internet of things to play an even bigger role in oil and gas throughout 2018 and beyond.
In A&D, two trends emerged in 2017 and both figure to make more headlines in 2018.
While the Permian Basin is still tops among investors, many companies have begun looking for economic acreage in less expensive basins–creating another buzz word for the year…Permian fatigue.
Where are they looking? One place might be back in the Eagle Ford.
Meanwhile, private equity firms continue to buy up public company assets as they look to get balance sheets polished for investors.
In the midstream space, we’re watching for infrastructure buildout in in 2018, particular when it comes to getting natural gas to market.
You’ll be hearing more about investment in renewables. Majors such as Shell, ExxonMobil, total and Statoil have made headlines this year for their investments into alternative energy research and development and the trend is poised to continue well into the future.
Recommended Reading
US Raises Crude Production Growth Forecast for 2024
2024-03-12 - U.S. crude oil production will rise by 260,000 bbl/d to 13.19 MMbbl/d this year, the EIA said in its Short-Term Energy Outlook.
Activity Offshore Norway Expected to Remain Steady in 2024
2024-01-11 - The Norwegian Offshore Directorate provided updates on 2023 activity, including 14 wildcat discoveries and eight projects going online and urging exploration in frontier areas.
Ministry Offers 62 Licenses Offshore Norway in APA 2023
2024-01-16 - Sixteen of the new awards from the Norwegian Offshore Directorate add acreage to existing production licenses.
Gibson, SOGDC to Develop Oil, Gas Facilities at Industrial Park in Malaysia
2024-02-14 - Sabah Oil & Gas Development Corp. says its collaboration with Gibson Shipbrokers will unlock energy availability for domestic and international markets.
E&P Highlights: Feb. 16, 2024
2024-02-19 - From the mobile offshore production unit arriving at the Nong Yao Field offshore Thailand to approval for the Castorone vessel to resume operations, below is a compilation of the latest headlines in the E&P space.