US oil, gas industry capital spending to increase in 2018

Oil and gas industry capital spending in the US will increase 15% to $184 billion this year vs. last year, according to OGJ's annual capital spending survey.

Conglin Xu
Mar 6th, 2018
20 T1 2
In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home
An alternative to legacy US crude pricing is here
Sponsored
An alternative to legacy US crude pricing is here

It takes a market leader to build a resilient, export grade benchmark – bringing the US market a Brent of its own. Backed by a market-leading methodology and an objective view, you can move forward with confidence.

Sep 30th, 2020
Gas and condensate from Dvalin will be sent to Heidrun field for further processing and export.
Field Start Ups
Wintershall granted Dvalin startup approval

Wintershall DEA expects startup of Dvalin field in the Norwegian Sea in November-December. Startup approval from authorities has been granted, the Norwegian Petroleum Directorate said Oct. 21.

OGJ editors
Oct 21st, 2020
Phillips 66 Lake Charles refining complex.
Operations
Phillips 66 restarts Lake Charles refining complex

Phillips 66 has restarted operations at its 249,000-b/d Lake Charles refining complex in Westlake, La., as well as other area midstream installations, following preemptive shutdowns ahead of Hurricane Delta’s Oct. 9 landfall along the US Gulf Coast.

Robert Brelsford
Oct 20th, 2020
ConocoPhillips Permian operations.
General Interest
ConocoPhillips to acquire Concho Resources for $9.7 billion

ConocoPhillips has agreed to an all stock deal to acquire Concho Resources for $9.7 billion. Including Concho’s net debt of $3.9 billion, the deal value is $13.6 billion.

OGJ editors
Oct 19th, 2020
201019 Hzn China B June 2020 V4 Final Web
Exploration & Development
CNOOC makes FID on Beibu Gulf oil development

China National Offshore Oil Co. (CNOOC) has made a final investment decision for development of the Weizhou 12-8 East (WZ12-8 East) oil project in the Beibu Gulf offshore China, partner Horizon Oil Ltd., Sydney, said Oct. 19.

Rick Wilkinson
Oct 19th, 2020
201014 Cx Iea Steo
Economics & Markets
IEA lowers demand estimates for third quarter

In the latest monthly Oil Market Report, the International Energy Agency (IEA) has lowered third-quarter 2020 oil demand estimates by 140,000 b/d overall due to poorer than expected deliveries.

OGJ editors
Oct 14th, 2020
Phillips 66's 249,000-b/d Lake Charles refining complex in Westlake, La.
Operations
Phillips 66’s Lake Charles refining complex nearing restart

Phillips 66 has completed initial damage assessments at its Lake Charles refining complex in Westlake, La., as well as other area installations, following Hurricane Delta’s Oct. 9 landfall along the US Gulf Coast in southwestern Louisiana.

Robert Brelsford
Oct 14th, 2020
Keyera Corp. started up its Pipestone natural gas processing and liquids stabilization plant west of Grande Prairie, Alta.
New Plants
Keyera commissions Pipestone gas plant

Keyera Corp., Calgary, has started up its Pipestone natural gas processing and liquids stabilization plant located west of Grande Prairie, Alta.

Robert Brelsford
Oct 13th, 2020
201013 Eia Monthly Planned Liquids Outages
Economics & Markets
EIA: Global liquid fuels production disruptions increased in 2020

Since 2019, disruptions to crude oil and condensate production from members of the Organization of the Petroleum Exporting Countries and non-OPEC countries have greatly increased, according to US Energy Information Administration analysis.

OGJ editors
Oct 13th, 2020
201013 Rystad Newbuild Yard
Economics & Markets
Chinese shipyards outcompete Asian rivals on costs

Offshore investments are expected to rebound from 2021 and oil and gas operators will be looking for shipyards to build new facilities, with 40% of these contracts over the next 5 years expected to be FPSOs.

OGJ editors
Oct 13th, 2020