Oil up on OPEC+ meeting optimism and China demand
Oil prices rose on Monday on expectations that OPEC+ may keep output stable in February and on a demand uptick coming from China.
Oil prices rose on Monday on expectations that OPEC+ may keep output stable in February and on a demand uptick coming from China.
Cory Langford, Scientific Drilling International, USA, discusses how at-bit gamma ray images and continuous inclination measurements enable pro-active geosteering in tight target windows.
Jessica Brewer and Kyrah McKenzie, Wood Mackenzie, UK, examine how North Sea operators are embracing ambitious projects on the road to net zero.
Lisa McCrory, Oceaneering, explains why truly remote UWILDs address the challenges of vessel inspection during COVID and beyond, provided accountability and guaranteed uptime are in place.
Rystad Energy’s latest balances indicate that 2021 could offer producers a window of opportunity, as monthly supply deficits may reach their highest level in years.
How an independent E&P in Europe beat the pandemic and kept its inspection regime on schedule.
Oil prices reversed early losses on Wednesday as some confidence that the existing vaccines can counter the new Covid-19 strain offset concerns over President Trump’s stimulus package pushback.
Oil prices declined on Tuesday as the market ignored news of the US stimulus deal, focusing on the new Covid-19 strain setback.
Deepak Atyam, Tri-D Dynamics, examines the benefits of digitising oil well pipes.
Oil prices rose on Wednesday as accelerating vaccination campaign rollouts helped brush off early concerns over rising stocks and declining oil demand.
ExxonMobil plans to reduce the intensity of operated upstream greenhouse gas emissions by 15 to 20% by 2025, compared to 2016 levels.
Offshore decommissioning work has inevitably nosedived during 2020, though there are encouraging signs of activity recovering into next year. Christian Berven, Aquaterra Energy, offers his take on where the market may be heading – and how a change of mindset among operators is influencing a new strategic approach.
Oil prices got a new boost on Friday, as traders saw the OPEC+ compromise as a bullish development after the supply uncertainty that took the market by surprise since the start of the week.
Rystad Energy is forecasting peak oil demand to arrive earlier and at a lower level than previously thought, leading to reduced E&P investments.
Oil prices are largely stable on Wednesday as the market avoids leaning heavily on positive vaccine news, waiting for the next day’s crucial OPEC+ meeting instead.