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Oil price, The Bucket List... And finally...

Oil price The oil price had, by its own recent standards a fairly quiet week, Brent was only down $1.38 whilst WTI fared a little worse after those awful inventory numbers to finish down $3.54 over the period. This meant that having flirted with positive territory the differential has risen back to...
» Written by Malcolm Graham-Wood on Monday, January 26, 2015

The most important thing to understand about the coming oil production cutbacks

What the current oil price slump means for world oil supply is starting to emerge. "Layoffs," "cutbacks," "delays," and "cancellations" are words one sees in headlines concerning the oil industry every day. That can only mean one thing in the long run: less su...
» Written by Kurt Cobb on Monday, January 26, 2015

Palantir Forward Price Curve - 2015 Q1

Global Economy Global oil prices have declined more than 50% compared with the 2014 highs reached in June. During the first two weeks of January 2015, crude oil prices have continued to decline. On January 12, 2015, the New York Mercantile Exchange (NYMEX) West Texas Intermediate (WTI) front month...
» Written by Bowen Gao on Monday, January 26, 2015

Hey Bo Didley, do you know this RIF?

"Those who fail to learn from history are doomed to repeat it." -Sir Winston Churchill Once again, there is a lot of excited chatter about cost cutting in our industry. Oftentimes in the past, this has meant cutting great swathes of people (also known in better times as 'our most valu...
» Written by David Bamford on Monday, January 26, 2015


Oil and the global asset crunch

Canary in the Coalmine The huge attention given by world media to the collapse of oil prices has diverted attention from similar falls in market prices for a range of other financial assets. These range from other commodities called "bellwether" for their predictive role in major financia...
» Written by Andrew McKillop on Friday, January 23, 2015

Oil price, EnQuest, Gulfsands and finally...

Oil price The death of King Abdullah of Saudi Arabia was announced this morning at the age of 90, his successor is King Salman and his successor has already been announced as Prince Muqrin. I do not expect to see any significant change in oil policy from Saudi Arabia as a result of this and althoug...
» Written by Malcolm Graham-Wood on Friday, January 23, 2015

Market Mayhem

Most of us won't have noticed much market mayhem going on in our daily lives, distracted by terrorism in the heart of Europe. An instantaneous jump of 30% in the value of the Swiss Franc last week means very little to most people. If only we had stashed a few Swiss Francs in advance. Most reade...
» Written by Euan Mearns on Thursday, January 22, 2015

Oil price, Tullow, Faroe, Sundry-Lancashire CC- Gulf Keystone-Madagascar- And finally...

Oil price A modest bounce in the oil price yesterday as news leaked out that the ECB will announce today that Euro-QE will be €50bn a month for a minimum of 12 months. Opec Secretary General El-Badri again said that there would be no Opec cuts and he was surprised only that the market was surp...
» Written by Malcolm Graham-Wood on Thursday, January 22, 2015

A new 'disruption' - we can do better than towed streamer 4D?

New reservoir engineering observations lead to the conclusion that time-lapse geophysics - indeed any observations of any reservoirs over time - must be based on the understanding of the physics of fluid-filled, parallel, compliant, fractures/micro-cracks - dilating or compacting as the reservoir is...
» Written by David Bamford on Thursday, January 22, 2015

A new theory of energy and the economy - Part 1 - Generating economic growth

How does the economy really work? In my view, there are many erroneous theories in published literature. I have been investigating this topic and have come to the conclusion that both energy and debt play an extremely important role in an economic system. Once energy supply and other aspects of the ...
» Written by Gail Tverberg on Wednesday, January 21, 2015

UK heavy oil developments: another billion barrels to come

The development of heavy oil in the UK goes back further than most people realise. All the way back to 1787, in fact. That was when miners struck a spring of natural bitumen while digging a tunnel for the Coalport Canal; indeed, with a little imagination the 'Tar Tunnel' might be described a...
» Written by Stephen A. Brown on Wednesday, January 21, 2015

Whither Oil Prices?

The recent collapse in oil prices has taken pundits and oil producers by surprise. It was only six months ago that prices were over $100/bbl and at that time they had been above $100/bbl for three and a half years. In fact the stability had become uncanny, so perhaps we should have seen the collapse...
» Written by Stephen A. Brown on Tuesday, January 20, 2015

Oil price, Petrofac, Sundry-Schlumberger-Afren-Azonto-GKP-Plexus- And finally...

Oil price With the US closed yesterday it was pretty quiet according to traders I have contacted this morning, prices above are what I think are about right consensus. Either way crude fell in that light trading and various stats are having an effect on the market. The most important number was of...
» Written by Malcolm Graham-Wood on Tuesday, January 20, 2015

Oil price, BP, Afren, Sundry-BHP-Victoria O&G-Gulfsands- And finally...

Oil price-Martin Luther King day, USA markets shut. After a topsy turvey week the oil price is almost as it was last Monday morning and that is after all three reporting agencies released their monthly reports. The IEA on Friday reduced their forecasts for non-Opec supply by 350/- b/d following the...
» Written by Malcolm Graham-Wood on Monday, January 19, 2015

U.S. Department of Energy: Our forecasts aren't really forecasts (or are they?)

Put this in the category of things that can't be true, but that are nevertheless affirmed with a straight face: The U.S. Energy Information Administration (EIA), the statistical arm of the U.S. Department of Energy, does not issue forecasts, at least not long run forecasts. So says Howard Gruen...
» Written by Kurt Cobb on Monday, January 19, 2015

'Disrupting' towed streamer seismic

An interesting article in the Daily Telegraph on the Saturday just gone about 'finding a traditional business or industry and creatively disrupting it', that is, finding ways to use technologies to render services more efficient. Advocates of towed streamer seismic will no doubt point to th...
» Written by David Bamford on Monday, January 19, 2015

Oil price, BP, Schlumberger, Gulf Keystone, Sundry-WoodMack-Tullow-Enteq- And finally...

Oil price With no blog yesterday due to company meetings and an interview at IG Group, its always a bit of catch up although fortunately company news is relatively thin on the ground at the moment. On Wednesday the oil price had remained stable until right at the death when both WTI and Brent added...
» Written by Malcolm Graham-Wood on Friday, January 16, 2015

Here for Deeper Knowledge

………………and Wider Opportunities? If we do not act quickly, the UKCS and NOCS will soon be on 'life support' Naturally, first reactions have been 'Give us a Tax break!' and 'How do we get Costs way down?' Yes, these are important beca...
» Written by David Bamford on Thursday, January 15, 2015

Oil price, Premier and finally...

Oil price A very quick very late blog mainly for reference purposes, further weakness for crude oil was provided in a speech by the UAE Oil Minister who said that there would be no change in policy from Opec and no rise in oil prices, so that's that then. Eagle eyed traders saw the differentia...
» Written by Malcolm Graham-Wood on Wednesday, January 14, 2015
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