Tag Archives: oil

OPEC cuts while U.S. shale booms: The effects on oil’s supply chain​

By: IBISWorld Procurement Research Analyst, Roshan Sathyanarayana The price of crude oil has been falling in recent years, going from over $100 per barrel in 2014 to hovering around $50 per barrel in 2017. In light of declining oil prices, the Organization of the Petroleum Exporting Countries (OPEC) has spent much of…

2017 to be a pivotal year as Canada’s oil and gas industry strives for recovery and growth

Today we released our latest report, Labour Market Outlook 2017 to 2021 for Canada’s Oil and Gas Industry. The report provides labour market projections for the industry based on two scenarios, one if oil prices stabilize well above US$50 per barrel (/bbl) through 2017 and beyond, and one if oil prices…

Shell’s consolidation strengthens world’s most valuable oil and gas brand

Shell maintains status as the world’s most valuable Oil & Gas brand with a value of US $36.8bn Strategic divestment and marketing communications help to strengthen brand Brand value growth rates of >40 per cent mean Sinopec and PetroChina could overtake Shell this year Every year, leading valuation and strategy consultancy Brand…

OPEC’s production cuts and climbing oil prices

By: IBISWorld Procurement Research Analyst, Ashley Cruz With oil prices finally on the rise, businesses that rely on petroleum products should be looking ahead to hedge against price growth and volatility Although much of 2016 has been a year of suspense and surprises, there were several late-in-the-game decisions that have…

Keep D.C. out of the Bakken

By Senator Steve Daines Folks in western states like Montana and the Dakotas understand that to ensure our way of life for future generations, we need to balance the responsible development of our natural resources with protecting and conserving our great outdoors. As an avid outdoorsmen myself, I’ve been backpacking,…

Halliburton turns to IBM Cloud to help evaluate development decisions for oil and gas fields

Migrating reservoir simulation to the IBM Cloud allows Halliburton to substantially reduce time to simulate the effects of development decisions in oil and gas fields On 20 April 2016, IBM announced that Halliburton has adopted IBM Cloud to run its sophisticated reservoir simulation software to help it better understand how complex…