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US drilling to climb as supply disruption continues
Although spending will decelerate in North America, the 2023 forecast for an 18pc increase follows a near-record 44pc in 2022. US drilling will increase by 8.2pc, with total footage forecast to climb 8.7pc, to 290mn ft³ of hole
Willow approval may be turning point that fails to turn
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Iran Iraq Donald Trump US
Miriam Malek
16 January 2020
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Iran-US conflict: more to come?

With the US’s killing of top Iranian general Qassem Soleimani, the risk of attacks on Mena oil infrastructure is likely to increase

With the US’s killing of top Iranian general Qassem Soleimani, the risk of attacks on Mena oil infrastructure is likely to increase The Gulf region is wondering if Soleimani’s death and subsequent Iranian missile attacks on US bases in Iraq is the end of a chapter—or just the start. Despite US president Donald Trump’s more conciliatory remarks in early January, analysts still favour the pessimistic view.  “Our base case is that Iran will continue to counter the US’ maximum pressure campaign on many fronts; one will be on oil and gas tankers and infrastructure, a second on the US presence in Iraq and a third which would be to go directly after US interests,” says Torbjorn Soltvedt, principal

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Also in this section
Shale drillers try to stay patient amid gas price slump
22 March 2023
Producers resist urge to respond too quickly to gas price trends
US drilling to climb as supply disruption continues
22 March 2023
Although spending will decelerate in North America, the 2023 forecast for an 18pc increase follows a near-record 44pc in 2022. US drilling will increase by 8.2pc, with total footage forecast to climb 8.7pc, to 290mn ft³ of hole
Willow approval may be turning point that fails to turn
21 March 2023
Development expected to produce equivalent of up to 40pc of Alaskan daily production but is unlikely to herald a new age of megaprojects
Crude tanker market outlook remains strong
20 March 2023
Ukraine fallout continues to elevate tanker demand while restricting vessel availability

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