Offshore Shale News - page 4


Oil & gas spending set for record highs

Jun 01, 2012

Total spending for upstream oil & gas will hit nearly $1.3 trillion this year, led by a robust North American market, according to a new report by IHS.Driven by strong oil prices and the North American unconventional gas boom, global upstream…

Optimizing well placement

Apr 28, 2012

The iPZIG at-bit inclination, gamma ray and imaging service has been introduced by PathFinder, a Schlumberger company, to help optimize well placement in target zones through early bed boundary detection.Developed specifically for unconventional…

M&A rebound to extend into 2011

Mar 02, 2012

Merger and acquisition activity in the oil & gas industry rebounded in 2010, up 35% over the previous year, Ernst & Young said last month. Global transaction value hit $270 billion last year, up from about $200 billion in 2009, the company said…

Safety and innovation on OTC agenda

Mar 01, 2012

Now in its 43rd year, the Offshore Technology Conference returns to Houston’s Reliant Park 30 April-3 May. Almost as old as the offshore industry itself, the annual gathering has thrived throughout an E&P era marked by peaks, valleys, tremendous…

Technology targets in the ITF crosshairs

Feb 01, 2012

ITF last month outlined the specific challenges that its membership of operator and service companies want to see tackled as priorities in 2012. Up to 100% funding will be available for the right solutions to some of the industry's most pressing challenges…

Passive seismic eyes active role offshore

Feb 01, 2012

Andrew McBarnet speculates whether evolving microseismic monitoring technology being harnessed for the US onshore shale gas revolution could end up offshore. The rapid development of US onshore shale gas must count as the most stunning turnaround ever in the country's energy prospects…

The Times they need a changing

Nov 01, 2011

When a story becomes the story it may sell a few more newspapers for a couple of days but most editors know that this is not a good way to the future – unless of course ideologically driven or vested interest motives become barely disguised…

M&A market dips, maintains value

Sep 01, 2011

The number and total value of US oil & gas mergers and acquisitions dipped slightly in 2Q 2011 over the same period last year, according to a recent PricewaterhouseCoopers (PwC) study. But the average deal value for the largest transactions rose by 14%…

Meeting up to expectations

Jul 07, 2011

At the EAGE annual meeting in Vienna Andrew McBarnet discerned a mood of surprising equanimity in the marine seismic community.Some titles are hard to live up to. So, even though the recent annual meeting of the European Association of Geoscientists…

Pieces of eight

Jul 07, 2011

Earlier this year the refrain was ‘$5 natural gas forever', based on the US Energy Information Administration's (EIA) annual outlook, which argued that natural gas prices will remain below $5 per million btu until 2022. The underlying rationale was growth in the ‘vast' US shale gas resource base…

Big crowds, award-winning technology

Jun 08, 2011

As an indicator of the health of the oil & gas industry, attendance at May's Offshore Technology Conference in Houston suggests that recovery from the global recession is well underway. OE looks back over some of the sights and sounds of OTC 2011…

Why the fracpack gets top billing

Apr 01, 2011

Once in a while I would like to look inward and discuss technical advances in the industry or how things have evolved. In the case of hydraulic fracturing, the process has emerged as the premier production enhancement technique in oil and gas…

Asia Pacific in the FLNG driving seat

Dec 31, 2010

LNG business took a hit last year as the economic downturn put the brakes on global natural gas demand just as US shale gas output started to surge. Infield Systems’ Peter Kiernan reviews the changing gas market fundamentals and assesses the…

Resource nationalism on its way out?

Dec 31, 2010

The days may be numbered for resource nationalism, Robert Johnson told the Houston World Affairs Council at the Mayer Brown offices late October. ‘Not every country is equally capable of exercising a campaign of resource nationalism,’ said Johnson…

M&A up in the US

Dec 31, 2010

Merger and acquisition activity in the US oil & gas sector picked up steam 3Q 2010, despite ongoing uncertainty about business in the Gulf of Mexico, reported PricewaterhouseCoopers.For the three-month period ending 30 September, there were…

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