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DW Monday May 11th, 2015 : Oilfield Services in a Holding Pattern as E&P...
When oil prices dramatically dropped in the fall of 2014, operators began to significantly alter their plans. As months passed, many thought service providers would gain clarity on the upstream...
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PIRA Energy Group's Weekly Oil Market Recap for the Week May 10th, 2015
NYC-based PIRA Energy Group reports that Cushing crude stocks hit record high, but big draws coming. In the U.S., stock excess marginally narrows. Specifically, PIRA’s analysis of the oil market...
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DW Monday May 18th: The U.S. Oilfield Services Rebalancing Act
When the price of oil started its tumble late last fall so too did the oilfield services (OFS) market. The rig count in the U.S. has been halved compared to this time last year and operators are...
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PIRA Energy Group's Weekly Oil Market Recap for the Week May 17th, 2015
NYC-based PIRA Energy Group believes that Brent crude prices will continue to gradually strengthen for the next few months. In the U.S., commercial crude and product inventories both declined this past...
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DW Monday, May 25th: New Offshore Wind Blowing In North America
For the US energy industry, 2014 will be remembered as the year when crude oil prices fell below 50 $/bbl, resulting in significant realignments in the sector. Aside from the oil price collapse and the...
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PIRA Energy Group's Weekly Oil Market Recap for the Week May 24th, 2015
NYC-based PIRA Energy Group reports that Basrah Heavy enters the market. In the U.S., another counter-seasonal U.S. stock draw. In Japan, crude runs decline, with much lower crude stocks. Specifically,...
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DW Monday, June 1st, 2015: Ultra Growth in the Ultra Deepwater
Apparently undeterred by low oil prices, oil & gas output from ultra-deepwater (>1,000m water depth) fields will continue the relentless growth seen in recent years. In the latest World...
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PIRA Energy Group's Weekly Oil Market Recap for the Week May 31st, 2015
NYC-based PIRA Energy Group believes that monetary reflation is eliminating the risk of deflation, positively impacting financial assets and increasing economic growth. In the U.S., strong demand and...
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DW Monday, June 8th, 2015: Alaska – Now or Never?
Despite surging production from U.S. shale plays, the scale of long-term production remains uncertain, leading to the question of where will be the next major play? Attention is being focused on Arctic...
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PIRA Energy Group's Weekly Oil Market Recap for the Week Ending June 7th, 2015
NYC-based PIRA Energy Group reports that May WTI price rises as Cushing crude stocks fall. In the U.S., commercial stocks reach another new record level, even as surplus falls. In Japan, crude runs...
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DW Monday, June 13th, 2015: Tomorrow, It’s Surely Nearer Now?
A sustained supply glut has maintained Brent oil prices through the first five months of 2015 at some 47% lower than the same period in 2014. Industry observers expect low oil prices to eventually take...
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PIRA Energy Group's Weekly Oil Market Recap for the Week Ending June 14th, 2015
NYC-based PIRA Energy Group reports that Brent crude prices lost their earlier upward momentum over the last few weeks with on-going Atlantic Basin crude length. In the U.S., slight stock decline this...
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DW Monday, June 22nd, 2015: A Difficult Year for FPSO Contractors
The crash in oil prices has led to a dramatic decline in the number and value of awards for FPSO units. There have only been three contracts awarded this year; a conversion for the Sankofa-Gye Nyame...
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PIRA Energy Group's Weekly Oil Market Recap for the Week Ending June 21st, 2015
NYC-based PIRA Energy Group believes that the peak in the crude oil surplus has passed. In the U.S., commercial stocks reach new record level, as surplus falls again. In Japan, crude runs rebounded,...
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DW Monday, June 29th, 2015: Refining Margins Back but Will They Remain?
Between 2009 and 2014, refining margins rarely exceeded $5/bbl in Europe and $8/bbl in Asia, whilst the USA was the only safe-haven, averaging $15/bbl. In 2015, however, the game changed as the global...
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New Oil and Gas Research to Show Collaborative Way Forward
A new piece of research could help the oil and gas industry understand and implement greater collaboration in the North Sea, as the sector continues to manage lower oil prices. Business advisory firm...
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DW Monday, July 6th, 2015: Brazil – In Deep Trouble
Petrobras has long been a pioneer in the adoption and deployment of deepwater technology. This has enabled them to build huge reserves of some 16 billion barrels of oil. Converting these reserves to...
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PIRA Energy Group's Weekly Oil Market Recap for the Week Ending July 5th, 2015
NYC-based PIRA Energy Group believes that crude stock draws have already begun and will pick up momentum in the third quarter. In the U.S., crude and products stocks showed builds. In Japan, crude runs...
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DW Monday, July 13th, 2015: Why ‘Grexit’ Worries Weigh Down Oil Price
As strained negotiations between the Greek government and European financial ministers enter the end-game, the impact on energy markets remains uncertain. Setting aside both the deeply troubling social...
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PIRA Energy Group's Weekly Oil Market Recap for the Week Ending July 12th, 2015
NYC-based PIRA Energy Group reports that North American crude differentials were mixed in June, with little change in outright prices. In the U.S., both crude and product stocks posted a build. In...
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