Green Car Congress
DECEMBER 4, 2016
BP has sanctioned the $9-billion Mad Dog Phase 2 project in the United States, despite the current low oil price environment. Today, the leaner $9-billion project, which also includes capacity for water injection, is projected to be profitable at or below current oil prices.
Green Car Congress
NOVEMBER 19, 2016
The Proposed Final Program offers 11 potential lease sales in four planning areas—10 sales in the portions of three Gulf of Mexico Program Areas that are not under moratorium and one sale off the coast of Alaska in the Cook Inlet Program Area. The vast majority of US offshore oil production occurs in the Gulf of Mexico.
Green Car Congress
NOVEMBER 6, 2015
One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.
Green Car Congress
APRIL 18, 2020
This reflects anticipated shifts within the US truck-buying industries primarily, but Canada and Mexico are likewise seen with significant declines in 2020 demand. For major truck producers in Japan and South Korea , most have been forced to suspend operations due to reported parts shortages, resulting in 8,000 units of lost production.
Green Car Congress
FEBRUARY 3, 2015
According to the analysis, the current anti-trust campaign environment could alter the relationships among consumers, dealer and OEMs. The campaign is expected to have a long-lasting effect on premium parts/vehicle prices in China. —Nigel Griffiths, chief automotive economist, IHS Automotive. million units.
Green Car Congress
SEPTEMBER 18, 2015
The party is over for tight oil. Despite brash statements by US producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies. Reports this week from IEA and EIA paint a bleak picture for oil prices as the world production surplus continues. Click to enlarge.
Green Car Congress
JANUARY 31, 2018
The IHS Markit report, entitled: “Back to the Basins: International Shorter-Cycle Opportunities,” initially assessed five, short-cycle projects outside the US in mature, late-life basins in Mexico, Nigeria, Egypt, Brazil and the North Sea, and included both shallow water and mature, onshore areas that break even at per-barrel costs under US$40.
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