- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Oil Field Rumblings
Posted on 11/10/16 at 4:02 pm to ibleedprplngld
Posted on 11/10/16 at 4:02 pm to ibleedprplngld
I wish this was true.
At best these requests are for budgetary estimates.
What year will these projects go to bid? Much less be built?
The fact is the majors are cash poor right now and are all trying to figure out how to reduce their production costs before Spending anything on capital projects.
At best these requests are for budgetary estimates.
What year will these projects go to bid? Much less be built?
The fact is the majors are cash poor right now and are all trying to figure out how to reduce their production costs before Spending anything on capital projects.
2
Posted on 11/10/16 at 4:06 pm to TigerFred
quote:
The fact is the majors are cash poor right now and are all trying to figure out how to reduce their production costs before Spending anything on capital projects.
Depends who you define as majors. Shell just invested over 100 million in the pipeline alone for one deep water project set to complete construction in early 2018. Hess will be completing a deep water rig early 2017 with their second on the way. Chevron has one with the pipeline getting the insulation as we speak. Shell has a second 100 million dollar rig in R&D.
Now, companies like Kinder Morgan and Exxon are a snails crawl.
Posted on 11/10/16 at 4:06 pm to TigerFred
Nailed it. This is basically just pure speculation based on the Trump win.
Trump doesn't change supply and demand. We have too much supply or not enough demand at the moment, even if you rescinded every regulation on the book, that isn't going to change.
People are though trying to beat any potential rush on projects that will come to fruition more than two years from now. The Trump win ensures there won't be a moratorium on drilling, so there is less uncertainty in getting bids for long term projects.
Trump doesn't change supply and demand. We have too much supply or not enough demand at the moment, even if you rescinded every regulation on the book, that isn't going to change.
People are though trying to beat any potential rush on projects that will come to fruition more than two years from now. The Trump win ensures there won't be a moratorium on drilling, so there is less uncertainty in getting bids for long term projects.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News