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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...
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 ...
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...
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...
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...
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...
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...
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...
- 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...
- 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...