American ‘backyard’ wells face an inflexible choice - Rystad

Flexible ‘backyard’ wells in U.S., are at the risk of being the first candidates to be shut-in as global oil prices crash,...

African upstream capex could be cut significantly, says WoodMac

Faced with the double whammy of the oil price crash and the coronavirus pandemic, Africa’s upstream sector looks set to slash...

Is crude oil storage on vessels the answer?

As demand for crude oil falls and storage tanks around the world fill up, is storing crude oil on vessels really the answer?

Permian production already a victim of oil price war, says GlobalData

Following the announcement that several key operators in the Permian Basin are significantly reducing capex or production in their...

COVID-19 could wipe out solar and wind project growth for 2020

A Rystad Energy analysis shows that forecast growth in newly commissioned solar and wind projects will now be wiped out for 2020...

Oil supply most at risk of shut-in as demand and prices fall

WoodMac looks at global short run marginal costs for current production to assess which supply runs the most risk of shutting as...

Global oil markets face reckoning: IHS Markit

Key conclusions from the latest assessment of oil markets by Roger Diwan, vice president, financial services, IHS Markit

Over a million oilfield services job cuts seen in 2020 -Rystad

More than a million jobs in the oilfield service industry are likely to be cut in 2020 due to low project volumes brought upon by...

Covid-19 and oil price war to impact world’s energy project sanctioning in 2020

The effect of the covid-19 virus on global demand for oil and gas, along with an ongoing price war that has sent oil prices...

Chemical and oil companies to slash capex, slowing investment wave

Joseph Chang from ICIS Chemical Business looks at the impact of the cuts to planned projects in the wake of the coronavirus as...