Energy & Power
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4/30/12 9:30 am EDT
North America leads all regions in total upstream spending, driven by boom in unconventional production.
Global upstream capital and operating expenditures (CAPEX and OPEX) are set to reach a combined record of $1.23 trillion for 2012 and expected to rise to $1.64 trillion in 2016, according the latest IHS Upstream Spending Report. CAPEX on new projects and OPEX on existing plays are expected to reach new records of $728 billion and $500 billion in 2012, respectively.The quarterly IHS Upstream Spending Report tracks historical spending and builds out future spending projections based on detailedmore...English -
4/2/12 10:00 am EDT
Cross-border buyers, lead by Asian companies, continue to enter US shale plays
Fueled by national oil companies and international buyers making acquisitions in North American shale gas, shale oil and tight oil basins, global transactions involving unconventional oil and gas resources reached a record high $75 billion in 2011, according to the IHS Herold 2012 Global Upstream M&A Review, which was just released by information and analytics provider IHS (NYSE: IHS). This figure represents 48 percent of total 2011 worldwide upstream merger and acquisition (M&A)more...English -
3/28/12 10:05 am EDT
New proposed regulations could reduce liquidity of energy markets resulting in increased costs and price volatility
The regulations to implement the Volcker Rule—in the form currently proposed under the Dodd-Frank Wall Street Reform and Consumer Protection Act— could adversely impact energy markets, raising energy costs and increasing price volatility, according to a new report by information and analytics provider IHS (NYSE: IHS). The ensuing economic impacts on the segments examined in the report could result in up to 200,000 fewer jobs and $34 billion (2005 dollars) less in U.S. GDP on an annualmore...English -
3/26/12 8:00 am EDTDespite a drilling revival that boasts some of the most profitable wells in the U.S., the complexity of the Bone Spring horizontal oil play, which spans from southeast New Mexico into west Texas, appears to offer limited upside for most exploration and production (E&P) companies, reports information and analytics provider IHS (NYSE: IHS) in its just-released IHS Herold Bone Spring Regional Play Assessment. “We’ve seen renewed drilling in the Bone Spring horizontal oilmore...English
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3/21/12 8:00 am EDT
Murphy Oil, Sunoco, ConocoPhillips and Marathon announced exit from challenging refining business
Driven in part by continued overcapacity in the global refining sector, refiners realigned their corporate strategies in 2011, with many shedding refining assets and others choosing to exit the sector altogether. This resulted in a very active year for refining transactions, which increased to nearly $6 billion in 2011 from $4 billion in 2010, according to the IHS Herold 2011 Global Downstream M&A Review, which was just released by information and analytics provider IHS (NYSE: IHS).more...English -
3/5/12 3:06 pm EST
Breakfast meetings will highlight new ideas, technologies from twenty five leading entrepreneurs
IHS CERA has announced the selection of the CERAWeek 2012 Energy Innovation Pioneers. The founders and chief executives will present their companies' technology and vision in breakfast meetings at the seventh annual Energy Innovation Pioneers Program as part of CERAWeek 2012, March 5-9, at the Hilton Americas – Houston. The Energy Innovation Pioneers Program, sponsored by Chevron, will feature presentations and informal discussions from some of the most innovative and distinctive newmore...English -
2/21/12 3:29 pm EST
Despite daunting geopolitical risk, ExxonMobil’s reported entrance into the Iraq play suggests growing reason for optimism
According to a new report from IHS, much of the acreage in the highly prospective Zagros Fold Belt region in Kurdistan, which ranks among the best basins in the world for large oil prospects, has been licensed for exploration and production (E&P), and the area is now entering a period of consolidation. Despite the discovery of seven billion barrels of oil during the past five years, the majority of the known geological structures remain to be drilled, reports IHS in its IHS Herold Kurdistanmore...English -
2/15/12 9:33 am EST
Will address the world’s premiere energy conference in Houston March 5-9, 2012
ENGLEWOOD, Colo.--(BUSINESS WIRE)--Former Chairman of the Joint Chiefs of Staff, Admiral Mike Mullen, Governors John Hickenlooper (Colorado) and John Kasich (Ohio) and former Governors Haley Barbour (Mississippi) and Bill Richardson (New Mexico) will be among the speakers at the 31st annual IHS Cambridge Energy Research Associates (IHS CERA) executive conference, CERAWeek 2012, The Quest: Energy, Security and the Future of Economic Growth. Recognized as the world’smore...English -
2/10/12 9:03 am EST
Conference program will feature discussion about attaining balance between energy goals and environmental objectives
ENGLEWOOD, Colo.--(BUSINESS WIRE)--Persistent economic concerns, unease over energy security and the question of how to meet energy objectives while addressing environmental concerns have made sustainability one of the key topics for this year’s 31st Annual CERAWeek conference, being held March 5-9 in Houston. Recognized as the world’s premier energy conference, CERAWeek 2012 is chaired by IHS CERA Chairman and Pulitzer Prize-winning author Daniel Yergin. CERAWeek will convenemore...English -
2/2/12 10:03 am EST
Will address the world’s premiere energy conference in Houston March 5-9, 2012
ENGLEWOOD, Colo.--(BUSINESS WIRE)--ExxonMobil Chairman and Chief Executive Officer Rex Tillerson will be a keynote speaker at the 31st annual IHS Cambridge Energy Research Associates (IHS CERA) executive conference, CERAWeek 2012, Energy and the Economy: Quest for Growth March 5-9 in Houston. Recognized as the world’s premiere energy conference, CERAWeek 2012 is chaired by IHS CERA Chairman and Pulitzer Prize-winning author Daniel Yergin and will convene an international groupmore...English
