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  • December 8, 2017

    December 8, 2017

    8th December 2017

    Oil Drilling Activity

    Onshore drilling increased activity five weeks running, with the addition of 1 rig to 909. Across the three major unconventional oil basins, the oil rig total increased by 5. US rigs targeting oil is up 2, with the total standing at 751. US operators continue to show patience and are keeping a keen eye on their balance sheets as crude prices hold just below US$60 (WTI) per barrel.

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  • LNG Emerging Trends: Small Change or All Change?

    LNG Emerging Trends: Small Change or All Change?

    8th December 2017

    GCA's Gas & LNG team have been continuing their relationship with the Petroleum Institute of Thailand (PTIT).  

    You can find their latest article on emerging LNG trends, including the environmental benefits of LNG compared to conventional fossil fuels, on the PTIT website, or download a copy here

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  • December 1, 2017

    December 1, 2017

    1st December 2017

    Oil Drilling Activity

    Onshore drilling increased activity four weeks running with the addition of 8 rigs (4 targeting gas) to 908. Across the three major unconventional oil basins, the oil rig total increased by 5. US rigs targeting oil is up 2, with the total standing at 749.

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  • November 17. 2017

    November 17. 2017

    17th November 2017

    Oil Drilling Activity

    Onshore drilling increased activity with an addition of 5 rigs (all targeting gas) to 893. Across the three major unconventional oil basins, the oil rig total increased by 4. US rigs targeting oil was flat, with the total standing at 738.

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  • Creating Long Term Value by M&A: Precisely blending the best ingredients is the recipe for success

    Creating Long Term Value by M&A: Precisely blending the best ingredients is the recipe for success

    14th November 2017

    In any resource based industry, it is a common practice to adjust existing asset portfolios by Mergers & Acquisitions (M&A), either selling or buying individual assets, regional portfolios or indeed entire corporate entities. Final Investment Decisions (FID) are made for assets involving 15-35+ year investment cycles, based on incomplete understanding of the subsurface geology, project costs, oil and gas demand and prices, availability of finance and most importantly, production performance - and things then change. At a London SPE evening seminar earlier in 2017, GCA's Chris Rachwal proferred several justifications for acquiring upstream assets and triggered a lively debate.  Here he expands on some of his key slides from that evening. 

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  • November 10. 2017

    November 10. 2017

    10th November 2017

    Oil Drilling Activity

    The downward trend in onshore drilling rig activity reversed with an addition of 9 to 888. Across the three major unconventional oil basins, the oil rig total increased by 6; bringing to an end a 22-week flat growth period. US rigs targeting oil increased by 8, with the total now at 738.

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  • New Gas and LNG Books!

    New Gas and LNG Books!

    10th November 2017

    GCA’s Nick Fulford (Global Head of Gas & LNG) and Ryan Pereira (Principal Commercial Manager) were recently selected to contribute to two leading LNG publications. 

    The first publication, “Liquefied Natural Gas, The Law and Business of LNG, Third Edition” contains an in-depth discussion of new markets for LNG, including marine, road, rail and small scale uses. 

    The second, “Shale Gas, A Practitioner's Guide to Shale Gas and & Unconventional Resources, Second Edition” is opened by their chapter on the impact of the US shale boom on worldwide natural gas price trends. 

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  • November 3, 2017

    November 3, 2017

    3rd November 2017

    Oil Drilling Activity

    The downward trend in onshore drilling rig activity continues with a drop of 9 to 879. Across the three major unconventional oil basins, the rig total was flat, a pattern of stalled growth now extended to 22 weeks. Rigs targeting oil decreased by 8, with the total now at 729 indicating US onshore operators are showing patience and keeping a keen eye on their balance sheets.

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