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Category Archives: Outlook

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The Future of Oil, Gas Technology: Q&A with Bruce Calder

January 5, 2016

Technology improvements over the last few years have shaped the oil and gas industry for the better. Advances in seismic imaging and new techniques to improve oil recovery, for example, have helped increase proved oil reserves to more than double the level they were at in 1980. Other technologies such as horizontal drilling and hydraulic… Continue Reading »

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Analysts See 2016 Oil Price Rise, While Traders Bet on Fall

January 3, 2016

A year ago, after oil prices had halved in six months, analysts were forecasting a price recovery in 2015 while many traders were busy shorting the market. As it turned out, the traders were correct and oil prices fell by another third this year. Analysts have now forecast a pick-up in prices over 2016, while… Continue Reading »

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Not Such Great Expectations: Energy Insiders Contemplate 2016

January 1, 2016

As we move toward the conclusion of a difficult year across the energy space, it’s time to contemplate what surprises – upward or downward – the industry may experience in 2016. What might work next year that was a disappointment in 2015, and who might the folks be to make magic happen again in the… Continue Reading »

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WSJ: S.Arabia Says No Change in Oil Policy, Ready to Meet Demand

January 1, 2016

Saudi Arabian Oil Minister Ali al-Naimi said the kingdom, the world’s top crude exporter, does not limit its output and has the capacity to meet additional demand, the Wall Street Journal reported on Wednesday. “We will satisfy the demand of our customers. We no longer limit production. If there is demand, we will respond. We… Continue Reading »

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South Korea Sees Gas Demand Falling 5% by 2029

January 1, 2016

South Korea expects its demand for natural gas to fall by 5 percent over the next 15 years, as increased use of liquefied natural gas (LNG) by households and industry only partly offsets a steep fall in its demand for power generation. The world’s second-largest LNG importer will also seek to diversify its suppliers, and… Continue Reading »

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Top Videos of 2015

December 31, 2015

Subsea World News has put together a recap of the most interesting videos of 2015.  Top videos include vessel launching ceremonies, naming ceremonies, the introduction of the first subsea gas compression facility. Top 10 videos of the year were: SSV Maersk Connector Launched at Damen Senior representatives of Maersk Supply Service, DeepOcean UK and the Damen Shipyards… Continue Reading »

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Paris Agreement Creates More Issues For Oil Industry

December 30, 2015

This opinion piece presents the opinions of the author. It does not necessarily reflect the views of Rigzone. A few weeks ago some 190 countries met in Paris to discuss ideas they believe will prevent global temperature from increasing no more than 2 degrees Celsius, or 3.6 degrees Fahrenheit. It is reminiscint of the age… Continue Reading »

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Xinhua: China Sees Energy Consumption Rising In 2016

December 30, 2015

China expects its energy consumption to grow in 2016, the official Xinhua news agency of the world’s largest energy consumer said on Tuesday. China’s apparent demand for crude oil will reach 550 million tonnes (11 million barrels per day) and apparent demand for natural gas will hit 205 billion cubic metres, Nur Bekri, head of… Continue Reading »

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Spring Debt Check The Bellwether That Squeezes Oil, Gas Companies?

December 29, 2015

It was when the descent of oil prices seemed to reach a crescendo last fall –  only later to be overshadowed by a freefall this year – that concern about how reserve-based lenders would react to energy companies’ biannual credit requests spread. And yet, whether it was luck or hope, one positive prevailed. Most bankers… Continue Reading »

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