US Deepwater_A Glass Half Full US Deepwater – A Glass Half Full? With Resource Base Discovery at 50%, You Need to Invest in a Straw

The US deepwater industry has likely passed the nadir of the downturn, with a productive lease sale and projections of a slow but steady increase in activity. Exploration...

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BakkenMonitor_June-2017 Bakken Monitor – June 2017 LTO at a Loss

North Dakota lost production in March whilst industry keeps losing money. With winter gone and the boost from returning shut-in wells spent, North Dakota's LTO output ...

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OMS_May-2017 Oil Market Snapshot – May 2017 The Art of The Production Deal

Oil falls as OPEC extends the production deal, but if politics is the art of the possible, is the market expecting too much? Brent broadly recovered to c. $54/bbl from...

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BakkenMonitor_May-2017 Bakken Monitor – May 2017 Breakeven Make-Believe

Companies continue losses across the US LTO sector despite claims of radically lower well breakevens. North Dakota's oil production rose to 1.034 million b/d in Februa...

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OMS_April-2017 Oil Market Snapshot – April 2017 Credibility Crunch

OPEC is doing better on compliance - so why is market confidence waning? Brent rallied in early April on confidence in an OPEC deal extension. However, Brent struggle...

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BakkenMonitor_April-2017 Bakken Monitor – April 2017 Permania Has Landed

With bankruptcies falling, land prices in the Permian double to average $40,000/acre. North Dakota's oil production recovered to 980,294 b/d (+38,000 b/d m-o-m) in Jan...

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New Offshore Field Exploration And Developents in the UK and Norway_March 2017 Offshore Exploration And New Field Developments in the UK and Norway – March 2017

Offshore exploration and new field developments in UK and Norwegian waters offer a combined visible drilling potential of up to 386 wells (UK: 177; Norway: 209) by 2023 t...

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OMS_March-2017 Oil Market Snapshot – March 2017 Saudi Arabia Fires Warning Shot in Houston

The Kingdom adopts a "carrot and stick" approach as US production rises and inventories remain stubbornly high Brent fell in mid-March on market concerns about the OPE...

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Impact of New US BOP Rules on OCS Compared to UK_Norway Impact of New US BOP Rules on OCS Compared to UK & Norway

  • The Macondo disaster gave new impetus to reviews of offshore safety rules in the US, the UK and Norway
  • The UK and Norway regard their existing regul...

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StenaSTEER March 2017 World Oil and Floating Drilling Rig Markets – March 2017

  • Brent had rallied more than 20% by end-2016 after OPEC reassumed the role of supply manager, but has struggled to move past $56/bbl since January, falling to c...

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