Energy & Power Media

(March 27, 2013) – Given the challenging market conditions that bitumen processing facilities face, shipping oil sands directly to market as heavy crude may have greater economic benefits than building new upgrading facilities that locally process oil sands bitumen into lighter synthetic crude oil (SCO) or refined products, a new IHS study says.

Recent pipeline expansions have helped the Marcellus shale play reach a production rate above 7 billion cubic feet (BCF)/day; surpassing the Haynesville shale to become the largest gas producing play in the U.S., according to a new IHS (NYSE: IHS) report.

European utilities need to invest around one trillion euros by 2020 in new infrastructure to ensure the region’s energy supplies as ageing power plants close and gas imports rise, according to a new report from IHS (NYSE:IHS), a leading global source of information and analytics.

The study highlights that the investment climate has deteriorated markedly over the last year as a number of countries faced a double-dip recession and the financial strength of utilities has weakened dramatically due more...

(February 21, 2013) – The 2013 Energy Innovation Pioneers have been selected to present at the IHS CERAWeek 2013 executive conference, March 4-8 at the Hilton Americas – Houston. This year’s class of 21 Energy Innovation Pioneers was chosen based on their potential to transform the energy future. Criteria include creativity, feasibility of plan, scalability of technology and leadership team.

The Petroleum Resources Development Secretariat (PRDS), the government agency responsible for overseeing all petroleum exploration and production-related activities in Sri Lanka, has enlisted IHS (NYSE:IHS), the leading global source of information and analysis, to facilitate a series of road shows to launch the Second Sri Lankan Licensing Round in March 2013. Thirteen blocks have been designated in the Sri Lankan sectors of the Cauvery and Mannar basins, located to the North and West of Sri more...

(February 5, 2013) – IHS Vice Chairman and author of The Quest: Energy, Security and the Remaking of the Modern World, Daniel Yergin discussed the broad impacts—from economic activity and jobs, to energy security and geopolitics—of the revolution in U.S. unconventional oil and gas production during testimony today before the U.S. House Energy and Commerce Subcommittee on Energy and Power.

The Hydrocarbons Secretariat of Ecuador (SHE), the regulatory entity in charge of Ecuador’s oil and gas resources, has announced a new Houston venue, as well as final event dates and locations for its series of road shows promoting the Ecuador Southeastern Round, announced IHS (NYSE: IHS), the leading global source of information and analytics, who is facilitating the road shows for the Secretariat.

The Houston road show will now be held at the Westin Galleria Hotel, 5060 W. Alabama more...

The Hydrocarbons Secretariat of Ecuador (SHE), the entity in charge of Ecuador’s oil and gas resources, has enlisted IHS (NYSE: IHS), the leading global source of information and analytics, to facilitate a series of road shows for the Ecuador Southeastern Round, which will offer 13 oil blocks for lease in the country’s southeastern region, near the border with Peru. The round was announced Nov. 28, 2012, in Quito, by Wilson Pástor, minister of Ecuador’s Nonrenewable Natural Resources.

  more...

-- Originally Published December 21, 2012--

The costs for designing and constructing downstream refining and petrochemical projects was essentially unchanged from Q1 2012 to Q3 2012, according to the latest edition of the IHS Downstream Capital Costs Index (DCCI). The DCCI is holding steady at 198, approximately the same level dating back to Q3 2011.

The costs of both building and operating upstream oil and gas facilities continued to rise over the last six-month period—albeit at a slower pace—and have reached record highs, according to two cost indexes developed by IHS (NYSE: IHS). The IHS Upstream Capital Cost Index (UCCI) rose one percent over the Q1 2012-Q3 2012 period to an index score of 230, matching its Q3 2008 high. Its counterpart, the IHS Upstream Operating Cost Index (UOCI), rose to 0.5 percent to a new high score of 190 over more...

Russia faces a looming oil crisis that places the country at a crossroads. Production could well be in decline by 2020 even as the state's dependence on oil as its primary source of income continues to grow. Yet oil also offers Russia’s best hope for continued progress if the state's precarious relationship with the industry can be reformed, said IHS Senior Research Director Thane Gustafson, who discussed Russia and his new book, Wheel of Fortune: The Battle for Oil and Power in Russia at the more...