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After last year’s lowest spending on new field developments in 30 years, the offshore oil and gas sector is set to significantly increase capital expenditures this year to around US$44 billion, according to Westwood Global Energy Group. Offshore upstream oil and gas spending is expected to surge to around US$44 billion this year, compared to just US$12.3 billion worth of ...
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If you are fortunate enough to have a leasing portfolio, then it is most likely difficult to imagine getting rid of all of your assets. While most people associate leasing with land and buildings, high ticket leasing portfolios filled with cars, trucks, and equipment for people and professionals in all industries can be highly cash flow positive endeavors. When it ...
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Judging by the first 3 months of 2021 it seems that this year has gone off into a wrong start, instead of economic rebounds we face a third rendition of a market slump. Nevertheless, 2021 is bound to become much more prolific in oil discoveries than 2020 was – many of the wildcats initially planned for 2020 were moved to ...
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For cowboys and ranchers, owning livestock is as necessary as food, water, and shelter. However, if you are tired of herding your livestock until the cows come home, there could come a time to thin or completely rid the entire herd. While you’ll no longer be reaping the benefits of your animals (i.e. milk, cheese, wool, etc.), the sale of ...
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Oil production from the seven largest U.S. shale regions is set to decline by 46,000 barrels per day (bpd) in April, but output in the biggest and most prolific basin, the Permian, is expected to eke out a production gain next month, EIA data showed. According to the EIA’s Drilling Productivity Report, shale production is set to drop by 46,000 ...
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Three billion tons: this is how much metals and minerals the energy transition will require, according to a World Bank report. Demand for some of these, such as copper, lithium, cobalt, and graphite, is set to increase 500 percent by 2050, according to the same report. And the market for some of them—namely copper—is already near a deficit. Copper prices ...
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