Unlike the situation with Permian crude oil takeaway capacity, ex-basin pipeline capacity for natural gas is expected to remain tight until late 2020 and possibly into early 2021. Flaring will continue, but it will be substantially reduced during this transition period as pipeline space becomes available. 2020 by the numbers. $2.65 billion — 2020 capex, of which $2.2 billion is for drilling and completing wells. 60 — percent of 2020 capex planned for the Bakken Read about the state of the industry in Deloitte’s 2019 Oil and Gas Industry and Chemicals Industry Outlook, a take from Duane Dickson, US Oil, Gas & Chemicals leader, Deloitte LLP. EOG cuts capex 31%, predicts flat full-year production. The Oil & Gas Industry Enters A New Digital Regime. Viva Energy schedules major 2020 turnaround at Geelong refinery. The company plans to increase capex in 2020 to more than $30 billion in what has been described as a counter-cyclical strategy. While Exxon Mobil’s 2019 capital budget is 93 percent of its ten-year average of $26.1 billion, Chevron and Total, by contrast, have reduced their capex budgets.
Exxon expects to spend in the range of $63 billion to $65 billion in 2019 and 2020, which translates to spending of $33 billion to $35 billion for the next year alone. This is higher than the $30 billion the company has forecast for this year and analysts' estimates of about $27 billion,
13 Jan 2020 China's state-owned offshore oil and gas major CNOOC has announced plans to increase its 2020 capital expenditure (capex) from CNY85 Capital expenditures on new projects outside of core oil and gas supply by large companies, absolute and as share of total capex, Last updated 20 Jan 2020. 9 Mar 2020 US light oil production guided to grow by 8.1% in 2020, despite lower capex Light oil output in the fourth quarter of 2020 is guided to increase by 5.9% Overall, Rystad Energy notes that the vast majority of US operators 11 Jan 2020 Oil and gas firms discovered more than 12 billion barrels of oil or the equivalent Firms will be looking even harder for new discoveries in 2020. Oil and gas capital expenditures are projected to climb well into the near-term 30 Jan 2020 The Canadian oil and gas industry should experience a slight boost their Canadian upstream capex by 9pc to C$13.53bn ($10.3bn) in 2020, 26 Feb 2020 As a result, the company plans to spend $1.6B-$1.9B in upstream oil and gas capital during FY 2020, predominantly in Alpine High,
Risks associated with the exploration and production of oil and natural gas, including the risk that exploration efforts may be UPSTREAM CAPEX COVERAGE 2020. 2022. Indonesia - Merakes. Congo - Nené ph.2B. Egypt - Meleiha ph.2.
1 day ago W&T Offshore Inc., Houston, cut its 2020 capital expenditure budget to $15-25 million from its prior W&T Offshore cuts 2020 capex, keeps production guidance intact Top 2020 Predictions for Energy, Utilities & Resources. ExxonMobil planning significant CAPEX, OPEX cuts due to oil price war and pandemic. 3/17/2020. IRVING, TEXAS - ExxonMobil is looking to Biden faces skeptical energy workers in swing states (3/17); Canadian operators cut nearly $2.5 Husky Cuts Upstream Capex by One-Third. Monday, March 16, 2020 Husky Energy is making significant cuts to its 2020 capital spending program. Murphy Oil to 3 Mar 2020 Oil and gas majors made historic cuts to their capital expenditures in the 800- rig barrier in 2020, and both oil country tubular good and line What does 2020 hold for the global upstream oil and gas industry? 2020 Upstream capex will remain flat; Sanctioned volumes will be huge, and gas weighted
13 Jan 2020 capital expenditure for 2020 is budgeted at up to $13.7 billion as the company pursues an increase in its oil and gas reserves and production
9 Mar 2020 US light oil production guided to grow by 8.1% in 2020, despite lower capex Light oil output in the fourth quarter of 2020 is guided to increase by 5.9% Overall, Rystad Energy notes that the vast majority of US operators 11 Jan 2020 Oil and gas firms discovered more than 12 billion barrels of oil or the equivalent Firms will be looking even harder for new discoveries in 2020. Oil and gas capital expenditures are projected to climb well into the near-term 30 Jan 2020 The Canadian oil and gas industry should experience a slight boost their Canadian upstream capex by 9pc to C$13.53bn ($10.3bn) in 2020, 26 Feb 2020 As a result, the company plans to spend $1.6B-$1.9B in upstream oil and gas capital during FY 2020, predominantly in Alpine High, 3 Mar 2020 The gap between capital expenditures into offshore upstream oil and gas and offshore wind will shrink rapidly over the next five years.
18 Nov 2019 in to investor demand to maintain a strict capital expenditure discipline. oil and gas firms are reducing capital expenditure plans for 2020.
Unlike the situation with Permian crude oil takeaway capacity, ex-basin pipeline capacity for natural gas is expected to remain tight until late 2020 and possibly into early 2021. Flaring will continue, but it will be substantially reduced during this transition period as pipeline space becomes available. 2020 by the numbers. $2.65 billion — 2020 capex, of which $2.2 billion is for drilling and completing wells. 60 — percent of 2020 capex planned for the Bakken Read about the state of the industry in Deloitte’s 2019 Oil and Gas Industry and Chemicals Industry Outlook, a take from Duane Dickson, US Oil, Gas & Chemicals leader, Deloitte LLP. EOG cuts capex 31%, predicts flat full-year production. The Oil & Gas Industry Enters A New Digital Regime. Viva Energy schedules major 2020 turnaround at Geelong refinery. The company plans to increase capex in 2020 to more than $30 billion in what has been described as a counter-cyclical strategy. While Exxon Mobil’s 2019 capital budget is 93 percent of its ten-year average of $26.1 billion, Chevron and Total, by contrast, have reduced their capex budgets. Tullow’s 2020 production guidance is anticipated in the range of 70,000-80,000 barrels of oil per day (bopd), lower than the current year’s expected figure of 87,000 bopd. It was a week where oil futures rallied to three-month highs but natural gas futures settled lower. On the news front, U.S. energy major Chevron CVX set its investment budget for 2020 at $20