Booming world economic growth to stay strong and durable with credit conditions remaining constructive. Upward oil demand revisions continue.
Brent prices approach, and probably exceed, $60/Bbl in 4Q17 but that strength is not sustainable for 2018. WTI – Brent relatively weak but will firm somewhat when Cushing stocks draw.
The results of the 2017 S&P Global Platts Top 250 Global Energy Company Rankings® , now in its 16th year, show a two-pronged changing of the guard, the most profound in the Rankings history. First, Russia’s Gazprom snagged the number 1 spot, ending U.S. oil and gas giant ExxonMobil’s 12-year reign at the top of the list (ExxonMobil holding within the lead ten at 9th place).
Kosmos Energy Ltd. (“Kosmos”) (NYSE:KOS) has announced financial and operating results for the second quarter of 2017.
The work-class ROV (WROV) market is driven by drill-support, field construction and IRM activities offshore. The results from the latest analysis by Westwood Global Energy shows that the market is starting to emerge from a cyclical downturn that has seen activity fall 36% and expenditure nearly halved.
Reacting to the latest Oil and Gas UK Economic Report, that was published on Wednesday September 6, Graham Hollis, Senior Partner for Deloitte in Aberdeen, said:
The Liquified Natural Gas (LNG) carrier market has been highly cyclical and is often driven by global macroeconomic events. The growth of LNG carriers over the past decade has been synonymous with the growth in global LNG import and export capacity.
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