IEA Predicts ‘New Chapter’ for Oil Markets, Sees Price Declines into 2015 as Likely

The 30% fall in oil prices since mid-June continues to dominate the oil market headlines, and anyone hoping for a swift recovery in prices could well be disappointed — especially if the most recent forecasts from the International Energy Agency are anything to go by. The west’s energy watchdog said on Friday that global oil […]

Petrodollars: What do Russian Oil Companies Do in the Wake of Sanctions?

Sanctions against Russia are moving closer to the country’s big oil companies. In this week’s Oilgram News column Petrodollars, Rosemary Griffin looks at the choices that companies such as Rosneft face. EU sanctions introduced Friday limit some state-owned Russian oil companies’ access to European financing in a move that could drive Rosneft, Transneft and Gazprom […]

Operator Outputs from US Oil and Natural Gas Resource Plays Continues to Leapfrog

Perhaps the most striking thing upstream companies revealed in their recent round of second quarter calls was the astounding production increases from US unconventional plays brought about by an array of tweaks to well drilling and completion techniques. One tactic they’re using to eke more hydrocarbons from the ground is optimized well spacing — configuring […]