Higher commodity prices may have improved the net profit for producers, but as prices have risen, related service costs have escalated “tremendously,” forcing the exploration and production (E&P) sector to focus on appraisal and development projects rather than new long-lead-time exploration, according to a report by Cambridge Energy Research Associates (CERA). The latest IHS-CERA Capex Index for generic global projects found costs have risen 68% since 2000 and 18% in just the last six months.
Tag / Tremendously
SubscribeTremendously
Articles from Tremendously
CERA: High Costs Forcing E&Ps to Focus on Appraisal, Not Exploration
Higher commodity prices may have improved the net profit for producers, but as prices have risen, related service costs have escalated “tremendously,” forcing the exploration and production (E&P) sector to focus on appraisal and development projects rather than new long-lead-time exploration, according to a report issued Tuesday by Cambridge Energy Research Associates (CERA). The latest IHS-CERA Capex Index for generic global projects found costs have risen 68% since 2000 and 18% in just the last six months.
August 9, 2006
Some Losses Top $2 in Aftermarket Launch
In a tremendously weak beginning of the November aftermarket, triple-digit plunges — some exceeding $2 — permeated Monday’s quotes. Power generation loads were light as mild to cool temperatures prevailed in most areas, and last Friday’s screen dive of more than 60 cents added further downward pressure on cash quotes.
November 1, 2005
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
