In this special edition of Headlines, from our sister site Oil and Gas Investor, 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
Exxon’s Payara Hits 220,000 bbl/d Ceiling in Just Three Months
2024-02-05 - ExxonMobil Corp.’s third development offshore Guyana in the Stabroek Block — the Payara project— reached its nameplate production capacity of 220,000 bbl/d in January 2024, less than three months after commencing production and ahead of schedule.
Venture Global, Grain LNG Ink Deal to Provide LNG to UK
2024-02-05 - Under the agreement, Venture Global will have the ability to access 3 million tonnes per annum of LNG storage and regasification capacity at the Isle of Grain LNG terminal.
What's Affecting Oil Prices This Week? (Feb. 5, 2024)
2024-02-05 - Stratas Advisors says the U.S.’ response (so far) to the recent attack on U.S. troops has been measured without direct confrontation of Iran, which reduces the possibility of oil flows being disrupted.
McKinsey: US Output Hinges on E&P Capital Discipline, Permian Well Trends
2024-02-07 - U.S. oil production reached record levels to close out 2023. But the future of U.S. output hinges on E&P capital discipline and well-productivity trends in the Permian Basin, according to McKinsey & Co.
EIA: Oil Prices Could Move Up as Global Tensions Threaten Crude Supply
2024-02-07 - Geopolitical tensions in the Middle East and ongoing risks that threaten global supply have experts questioning where oil prices will move next.