Barclays: Global E&P spending growth revised to 9% for 2017

Global exploration and production spending will rise 9% in 2017 compared with spending in 2016, according to the latest update of Barclays’ E&P spending survey. This compares with 7% indicated in the January survey. Source: News


INEOS Shale plans two UK core tests

INEOS Shale plans to drill two coring tests in the UK, where it recently expanded its holdings to more than 1.2 million acres by acquiring all onshore UK petroleum exploration and development license (PEDL) interests of Engie E&P UK Ltd. Source: News


MARKET WATCH: Crude oil prices dropping, analysts expect volatility

Light, sweet crude oil for April declined moderately on the New York market to close at $48.90/bbl Mar. 13 while the Brent crude oil for May edged down, settling at $51.35/bbl. Analysts expect oil prices will remain volatile in coming days. Source: News