Home / oil price / Seismic Industry Still Reeling From Oil Price Bust

Seismic Industry Still Reeling From Oil Price Bust

collected by :Jack Alex

follow the latest news and price to oil from different sites most famous technicals /Tsvetana Paraskova by 2017-01-10 at 19:48

referring to

Seismic Industry Still Reeling From Oil Price Bust

Seismic Industry Still Reeling From Oil Price Bust*/

– The exploration and production business has been bearing the brunt of slashed investment and reduced budgets in the wake of the oil price crash.Yet, another industry dependent on E&P expenditure has taken even more of a beating: seismic surveying.The seismic market has not only suffered the reduced exploration allocation, it has been piling huge levels of debt and is unable to flip more return on investment because spending cuts in exploration budgets have left them with less funding prior to completing a seismic survey job.
.

read more from here

Strategies to Survive and Thrive in Low Oil Price Environment

Strategies to Survive and Thrive in Low Oil Price Environment*/

– Tuesday, January 10, 2017Adapting business strategies to navigate a prolonged period of lower oil and gas prices is a challenge that many companies throughout the Middle East and wider world are currently facing up to.While surviving such a volatile commodity cycle is the main priority for some, other corporates are using sub $50 a barrel oil as an opportunity to innovate and recalibrate their businesses.This was certainly the key takeaway from the recently held Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), where the overall mood amongst major companies at the industry symposium was upbeat – though of course this optimism was not always shared by their smaller counterparts.
.

read more from here

2017 Average Oil Price Greatly Underestimated By Main Forecasters – The United States Oil ETF, LP (NYSEARCA:USO)

2017 Average Oil Price Greatly Underestimated By Main Forecasters - The United States Oil ETF, LP (NYSEARCA:USO)*/

– It seems that if we are to take into consideration most recent oil price forecasts, the mainstream forecast on 2017 average WTI prices is about $50-55/barrel.Entities which so far went on the record in support of this view include Deloitte.with a forecast of $55/barrel, and the EIA with a forecast of $51/barrel.
.

read more from here

read more
visit us

oil price

Check Also

Stocks decline in afternoon trade; oil value falls sharply picture-14273-310x165

Stocks decline in afternoon trade; oil value falls sharply

collected by :Jack Alex Stocks decline in afternoon trade; oil value falls sharply. The level …