European gas industry's green rage

Friday, May 17, 2013

DYING IN GREEN TAPE BusinessEurope president Jürgen Thumann speaking to EurActiv at the European Business Summit which opened 15 May, squarely blamed the European Commission for "the negative effects of green tape', also saying EU regulations create 'unnecessary burdensome legisla...

Fracking boom is doom for overpriced oil

Thursday, May 16, 2013

DAWNING REALIZATION The perception of what the shale energy boom, starting in the US but rapidly going global, means for world energy - and especially for overpriced oil - has been slow but is now coming. This week's shale energy forecasts by the International Energy Agency, in its Medium-Term ...

Review: The Bight Basin: From regional context to licence block evaluation

Tuesday, May 14, 2013

Shared Earth Models provide the foundations for the continuous capture of data and knowledge within exploration and production workflows. The delivery of 3D plate-scale geological models developed as part of the Neftex Earth Model unlocks limitless potential for integrating proprietary industry dat...

Why the renewable energy industry ought to support U.S. natural gas exports

Monday, May 13, 2013

U.S.-based industries and utilities that consume a lot of natural gas have been trying to figure out just how to respond to proposals in Congress to allow expanded natural gas exports, a move that could significantly raise the price of one of their chief inputs. But, there is one segment of U.S. ...

The U.S. dollar's impact on the oil price

Thursday, May 09, 2013

Many investors study supply and demand statistics to figure out where they think the oil price is going. But by far, the biggest factor that determines the oil price is the US dollar, says Donald Dony, who pens The Technical Speculator investment newsletter. “The US dollar is absolutely p...

Patient contrarians: The natural gas market isn't what it seems

Wednesday, May 08, 2013

Maybe it's the gloomy Seattle weather that has made investment manager Jim Hansen and his son and partner, Kevin, at Ravenna Capital Management immune to oil and gas industry hype about the supposed U.S. shale gas "revolution." More likely it is thorough research focused on making the...

Insight: The Challenger!

Tuesday, May 07, 2013

Did any of you watch the film about Richard Feynman's work on the Shuttle "Challenger" disaster of the 1980's, starring William Hurt? It was on TV recently; I knew before about his demonstration of the brittleness of the O-ring seals at low temperatures by dropping them into a jug ...

Review: Iran - Dealing with a fall on hard times

Tuesday, May 07, 2013

For decades the Iranian oil industry has been the envy of oil producing nations around the globe. It is a key oil producing nation with a fascinating past and a very relevant role to play in the industry in the future. During the 1960s and 1970s the country experienced dramatic production growth, pe...

Insight: Iraq - A phoenix rising from the ashes

Friday, May 03, 2013

Despite its well documented problems, Iraq remains a global oil heavyweight. The Middle Eastern nation was one of the OPEC (Organisation of the Petroleum Exporting Countries) founding nations and to this day continues to be the international group's second largest producer. With the world's ...

Reaching oil limits - New paradigms are needed

Thursday, May 02, 2013

I have written in recent posts that oil limits are more complex than what many have imagined. They aren’t just a lack of a liquid fuel; they are inability to compete in a global economy that is based on use of cheaper fuel (coal) and a lower standard of living. Oil prices that are too low for ...

Insight: People, Power, Politics

Wednesday, May 01, 2013

Any article should explain immediately the authorship, and why readers might want to invest some of their precious time in reading the article as opposed to completing the crossword or going for a long walk. So, please let me introduce ourselves: we are Mars Omega LLP. We are an information-gath...