Energy Industry Intel & Commentary
The increasing complexity of today’s drilling process places considerable attention on the role of drilling contractors. However, there are drilling-related services not traditionally provided by drillers that play an equally important role in determining the quality and profitability of a well. For the purposes of EnergyPoint’s independent surveys, these other services fall into five segments: …
No doubt the ability to maximize well potential is crucial to the oil and gas industry’s future. Companies must complete wells damage-free and seek new ways to enhance them in order to stand apart. Continued progress in well-completions is vital to the industry’s ability to develop its reserves. This post examines the state of customer …
Demand for North American (NAM) land-drilling services has leveled off for the time being. A warm first half of winter and expectations for shoulder-month reductions in gas demand have given many producers pause regarding their drilling programs. We believe a modest slowdown in activity could prove a blessing in disguise for many drillers, who could …
By some estimates, national oil companies (NOCs) control an estimated 90% of the world’s proven petroleum reserves. One need look no further than Statoil’s recent announcement to purchase Norsk Hydro’s offshore oil and gas assets, Royal Dutch Shell’s sale of interest in the Sakhalin II project to Gazprom, or the creeping nationalization in Latin America …