Monday, January 22, 2018

Today's Headlines

Bloomberg:
  • Big Global Oil Projects Are Starting to Get Off the Ground. The global oil industry’s backlog of big drilling projects is starting to shrink as prices improve. From production vessels tapping Brazil’s deep-water reserves to pipes connecting rigs to underwater wells in China, the number of ventures delayed since the oil crash that finally got approval to get off the ground totaled 18 last year, according to a report by consultant Rystad Energy. That compares with only five in 2016 and two in 2015. That’s a start, but there are still 104 delayed oil and gas projects waiting for investment approval, according to Rystad.
Wall Street Journal:
CNBC:

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