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Onshore News By Continents

Five years ago, energy companies hungry for the next big thing started planning as many as 90 terminals to send natural gas around the globe. Now, it seems the world only needs five more. Consulting firm IHS Inc. says only one in every 20 projects planned are actually necessary by…
Cairn India Ltd., the nation’s biggest onshore oil driller, is targeting an 18% increase in output from its wells in the northern state of Rajasthan in January as it revives older fields in its largest producing block, according to company and government officials. The company’s crude equivalent output from the…
Oil has been surging this week but Goldman Sachs is calling for gains to be short-lived. The front-month West Texas Intermediate futures contract enjoyed a double-digit advance in recent days, breaking above $50/bbl on Thursday for the first time since July: "While this rally has occurred alongside a broader re-risking…
Genie Energy says preliminary evidence from the exploratory wells drilled by its Afek subsidiary in Northern Israel confirms the existence of significant quantities of oil and gas within its exploratory license area. The company does not yet have sufficient evidence to determine whether this or any part of the resource…
The high-growth business models of the U.S. Independents are being tested by low oil prices and tougher access to capital. Two recent Wood Mackenzie reports conclude that concerns surrounding October reserves-based-lending (RBL) redeterminations have been exaggerated. Wood Mackenzie’s Corporate Service Insight, US Independents: How strong, for how long?, examines the…
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