Podcast: Que Sera, CeraWeek

The Bit 65: Que Sera, CeraWeek

Didn't make it to IHS CERAWEEK? The Bit brings you up to speed on the key themes of the week, including future oil prices, shale, struggles in Canada, and the new face of Pemex.

 

First, Noah Brenner discusses what role shale will play in the eventual recovery, and how the oil bust is affecting midstream companies.

Then Tonya Zelinsky takes us through the pain Canada's industry is feeling, and how oil sands operators are taking to the government's new push to address climate change.

And Kat Schmidt has the latest chapter in the development of Mexico's oil industry, including the public's first look at Pemex's charismatic new chief executive.

A roundup of some the conference's best quotes, and more much, this week on The Bit.

Related Content:

  • Oil markets hinged on comments by Saudi oil minister Ali Naimi, who said production cuts are unlikely, while Opec secretary general Abdalla Salem El-Badri indicated a production freeze may be more likely.
  • John Hess countered the notion that shale production will ramp up as soon as global supply drops, stressing that US shale is a "short-cycle supplier" rather than a swing producer.
  • ConocoPhillips chief executive said his company is preparing for a "worst-case" scenario.
  • Exploration is still seen as the key to future success for the oil industry, but to hear services companies tell it, deep water has a long period of gloom ahead.
  • New Pemex chief executive Jose Antonio Gonzalez Anaya, who just recently got the job, impressed attendees and laid out plans for the state-owned producer.
  • Cenovus is one of the Canadian operators looking to change its ways during the oil downturn.

Follow The Bit podcast on Twitter, Stitcher, Soundcloud and iTunes! While you're at it, review the show at the iTunes store. Music by Ron Gilmore.

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