Tag Archives: capex

There’s an OPEC meeting this week, have you heard? In a Google News scan Monday morning, we counted more than 100 articles about OPEC published in the last 24 hours alone. Enough will be written this week about the pageantry in Vienna to fill a small library. Endless speculation leading up …

The biggest regional contributor to the US Shale Revolt will be the Permian Basin. The Permian is the only unconventional oil play where production has not fallen in the downturn. In fact, Permian production today is up 13% since that fateful OPEC meeting two years ago. Following it’s conventional production …

Shares of Apache sank 7% Thursday, closing at their lowest level since the Alpine High wet gas discovery was announced in early-September. The transformational Reeves County discovery has made Apache the darling of investors for the past several months. Here’s what’s new… There’s a lot more to this story… Login to see …

BP and Shell updated their spending outlooks Tuesday morning. The two Majors echoed recent reports from their peers by again lowering planned capex spending. As Independents selectively spend a little more in 4Q16 and prepare to reverse their budget cuts next year, the Majors continue to systematically lower their total spend. Optically, …

Latin American deepwater exploration and development is largely driven by the two large NOCs in the region. Here lately, these NOCs have been slamming the brakes, particularly in Brazil where Petrobras is trying to recover from scandal that rivals Enron. Both NOCs are pruning their rig portfolios, resulting in negative demand for Latin American floaters. …

Anadarko made a big splash on Monday afternoon, announcing the $2bn buyout of Freeport McMoRan’s deepwater GOM assets. It’s a big deal for the GOM and for Anadarko’s position in the GOM. But what we found most interesting about the announcement is how Anadarko spun the deal into an onshore growth narrative. …