- Tight Gas & Oil
- Gas Hydrates
Whether ‘lower for longer,’ ‘lower forever’ or the ‘new normal,’ oil prices in the $50 range require E&Ps to rethink how to do business.
Some E&Ps are ramping up production, spending more, ignoring balance sheet repair and continuing to get rock bottom prices from oilfield service companies. Can the recovery handle it?
The head of the world’s largest oilfield service company says the world could face a medium-term supply deficit given today’s reserves depletion rate and falling exploration spending.