Upturn

BP Slows Production, Keeps Spending Near 2008 Levels

BP plc ratcheted down oil and natural gas production plans through 2012, but it plans to keep capital spending near 2008 levels to prepare for a certain upturn, CEO Tony Hayward said last week.

March 9, 2009

BP Slows Production Plans but Keeps Spending Near 2008 Levels

BP plc has ratcheted down oil and natural gas production plans through 2012 but it still plans to keep spending near 2008 levels to prepare for a certain upturn, CEO Tony Hayward said Tuesday.

March 4, 2009

Consultant Tells Producers to ‘Drill Through the Storm’

The economic downturn could be half over, and when it ends the oil and gas industry is poised to benefit from the upturn — if it prepares now for better days, according to Ernst & Young.

February 23, 2009

Ernst & Young: ‘Drill Through the Storm’

The economic downturn could be half over, and when it ends the oil and gas industry is poised to benefit from the upturn — if it prepares now for better days, according to Ernst & Young.

February 19, 2009

Canadian Gas Drilling May See Upturn — Later

Natural gas drilling in Canada may be poised for an upturn later this year as oilfield service costs stabilize, but increased drilling may not be enough to compensate for the slowdown that began last year, energy executives said last week.

April 30, 2007

Canadian Gas Drilling May See Upturn — Later

Natural gas drilling in Canada may be poised for an upturn later this year as oilfield service costs stabilize, but increased gas drilling may not be enough to compensate for the slowdown that began last year, energy executives said Wednesday.

April 26, 2007

Updated Forecast Shows Above-Average Risk of U.S. Hurricane Landfall this Year

The recent upturn in Atlantic Basin hurricane activity, which began in 1995, is expected to continue this year, with an above-average number of tropical cyclones and an above-average probability of U.S. hurricane landfall, according to Colorado State University (CSU) forecasters.

April 5, 2004

Updated Forecast Shows Above-Average Risk of U.S. Hurricane Landfall this Year

The recent upturn in Atlantic Basin hurricane activity, which began in 1995, is expected to continue this year, with an above-average number of tropical cyclones and an above-average probability of U.S. hurricane landfall, according to Colorado State University (CSU) forecasters.

April 5, 2004

Natural Gas and Power Stock Prices Rise

Previously battered energy company stocks continued to participate in the general stock market upturn, with some of those that have seen the largest losses — Calpine, AES, Mirant and Williams — now recording the greatest percentage gains. Energy companies were almost uniformly in the black, from large producers and independents through marketers, pipelines and power producers. Pure electric and gas utilities showed a few stock price losses, but those were scattered.

March 7, 2002

Key Energy Sees Extended Drilling Cycle Based on Producer Optimism

The current upturn in oil and natural gas drilling is likely to be more prolonged than similar cycles in past years judging from producers’ confidence, a top executive of Key Energy Services Inc., a leading drilling and well services equipment company, told financial analysts and producers last week.

April 23, 2001