CERAWeek Q&A: Siemens CEO will focus on integrating acquisitions amid downturn
Siemens AG CEO Joe Kaeser talked with FuelFix ahead of his CERAWeek presentation Wednesday about his continued faith in the oil and gas business and global crude demand.
View ArticleRichard Kinder at CERAWeek: Industry hides from public “like we’re selling...
Kinder said in an interview that oil and gas leaders hadn't done enough to show how important the industry is
View ArticleShale tech could squeeze 141 billion barrels from oil fields outside the US
Adapting the technology that powered the shale oil boom in Texas to the deserts of Saudi Arabia and elsewhere could free 141 billion barrels of crude, research firm IHS said Thursday.
View ArticleU.S. oil output still barreling toward 45-year record
U.S. oil production edged down in May and will likely continue swooning until early next year as plunging crude prices continue to pummel domestic producers, according to a new federal report.
View Article2015 already a record year for writedowns, IHS says
Beleaguered drillers wrote off $29 billion in the first quarter of the year alone, more than the 2014 full-year total of about $25 billion.
View ArticleExtended low oil prices could slow U.S. petrochemical renaissance
The bountiful ethane that comes from natural gas liquids and U.S. shale production would become more scarce, according to the IHS report. Ethane is used to make ethylene, which which is the main...
View ArticleAt NAPE, some see natural gas drillers as next buyers of battered oil fields
At the George R. Brown Convention Center on Wednesday, wildcatters gathered to negotiate deals for oil and gas properties in Texas and elsewhere during the industry's largest oil lease swap-meet, the...
View ArticleEnergy reform a boost for Mexican petrochemicals, IHS says
The Latin American country's chemical industry hasn't seen new investment in the past 15 years thanks to declining oil and gas production and a lack of infrastructure.
View ArticleIHS: North American oil hedges sink to 11 percent in 2016
The protective hedges used by 48 petroleum companies IHS examined will cover 60 percent less of their expected production than this year.
View ArticleIran could be target for $1 billion in gasoline sales, once sanctions lift
The nation with the world’s fifth-largest crude reserves may need to buy about 50,000 barrels a day of gasoline if sanctions are removed in early 2016 as expected.
View ArticleIHS: Operators embracing new technologies during downturn
Oil companies hoping to ride out the worst downturn in years are embracing new technologies aimed at helping them wrest more oil and gas from the ground.
View ArticleMexican president to headline big list of CERAWeek speakers
The Mexican president is one of many high-profile speakers slated to participate at the annual conference.
View ArticleIHS scoops up OPIS for $650 million
The acquisition will give IHS access to real-time pricing data, which chairman and CEO Jerre Stead said in a release would give the company "visibility across the entire petroleum value chain, from...
View ArticleCash-strapped drillers face deeper financial problems amid cuts
Domestic oil explorers with high levels of debt will struggle the most this year if they’re forced to cut spending and give up cash from new oil production.
View ArticleDaniel Yergin: Energy industry at its “day of reckoning”
Prominent energy expert Daniel Yergin believes the energy industry’s day of reckoning is here, amid the sudden and unrelenting rush of crude that has drowned oil markets for a year and a half.
View ArticleSaudi oil minister: Production cuts are not going to happen
Saudi Arabia's oil minister Ali Al-Naimi says the world's biggest oil-producing nations won't cut their output to support prices, and that it's more efficient to let the market extinguish for...
View ArticleEIA, analysts: U.S. shale will rebound
The relatively rosy picture was painted Tuesday at a global oil market discussion at IHS CERAWeek in downtown Houston. The repeated emphasis is oil demand continues to grow globally. Even weakened...
View ArticleIndustry shift to specialty chemicals moves focus from Gulf Coast
The ongoing petrochemical boom in the Houston region is built around producing base, building-block chemicals like ethylene courtesy of the cheap and abundant shale natural gas feedstock. However,...
View ArticleIHS: “If producers have the money, they drill”
The break-even costs of drilling new wells in U.S. shale plays are becoming less important as an indicator of the nation's future oil production growth. What's more important? U.S. drillers' access to...
View ArticleHouston chemical companies buys half of new methanol plant
G2X said it is paying $680 million, including a $50 million shareholder loan, to acquire its stake in the Natgasoline methanol plant from the Netherlands-based OCI N.V., which will maintain the other...
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