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Oil price, BP, Lamprell, Wood Group, Sundry-Petrofac-Sefton-Afren-GKP- And finally...

Oil price The oil price was modestly up yesterday lunchtime in the US preparing for a quiet long weekend, the NFP numbers were in line at least with GSach's best guess although there was a revision down of previous data, the greenback had fallen giving crude some support. Then the rig count came ou...
» Written by Malcolm Graham-Wood on Friday, July 3, 2015

Q2 2015 Oil & Gas M&A Recovers to $115 billion in E&P Sector

Large Headline Figure Conceals Enduring Caution in the Market The total value of upstream oil and gas deals reached $115 billion during Q2 2015 ranking it as the second largest quarterly value since Evaluate Energy initiated its oil and gas M&A coverage 7 years ago. Although the headline figure fal...
» Written by Eoin Coyne on Friday, July 3, 2015

Oil price, Hunting, San Leon, And finally...

Oil price The oil price had headed south way before the EIA stats came out but they were the final nail in the coffin, analysts who had been wrong-footed on Tuesday had the sign wrong again, their predictions of a 1.8m draw turned out to be a build of 2.4m barrels. With refinery runs at 95%, higher...
» Written by Malcolm Graham-Wood on Thursday, July 2, 2015

Ten Reasons To Plan For A Difficult H2

LACK of clear thinking about the challenges ahead worries me at the moment. I am concerned that petrochemicals companies, because of the strong profitability they have enjoyed so far this year, might well not be adequately prepared for the fault lines opening up the global economy. Here are ten them...
» Written by John Richardson on Wednesday, July 1, 2015

Oil price, Tullow, Independent Oil & Gas, Amerisur, Sundry-Petroceltic-Gulfsands- And finally...

Oil price I have been away for just over a week, during which what might be described as considerable trauma has occurred but the oil price is almost exactly as I left it, notwithstanding some humps in the road. Greece has defaulted which has strengthened the dollar and there is even more crude oil...
» Written by Malcolm Graham-Wood on Wednesday, July 1, 2015

Leverage Comes in Different Forms - Run From This One

One of the most beaten-down names in the entire oil services sector is Paragon Offshore (PGN-NYSE). A spinoff from the deepwater-focused Noble Corp (NE-NYSE), this 'standard spec' offshore driller ended its first day of regular trading at $11 on August 4, 2014. The stock has continued on an almost ...
» Written by Keith Schaefer on Wednesday, July 1, 2015

Palantir Forward Curve - 2015 June

Global Economy The oil price recovery slowed down this month after three consecutive months of steady price increases. As of June 15, WTI front month futures price settled at $59.53 USD/bbl which is little changed from the May average. European Brent front month future's price settled at $60.99 USD...
» Written by Bowen Gao on Tuesday, June 30, 2015

New oil price fall is matter of 'when', not 'if', as inventory builds

Financial players have become convinced in recent months that the oil price will rise. And so far, this has been a self-fulfilling prophecy. Their buying has led to oil being stored all over the world - in tankers floating at sea and in shale oil wells, as well as in storage tanks. Unsurprisingly, ...
» Written by Paul Hodges on Tuesday, June 30, 2015

Refining Margins Back but Will They Remain?

Between 2009 and 2014, refining margins rarely exceeded $5/bbl in Europe and $8/bbl in Asia, whilst the USA was the only safe-haven, averaging $15/bbl. In 2015, however, the game changed as the global oversupply triggered a crude price collapse, resulting in healthier refining margins - year-to-date...
» Written by Antoine Paillat on Tuesday, June 30, 2015

Alberta Oil & Gas Production Falls in Q1 2015

Q1 2015 saw a significant fall in oil and gas production across Alberta, with many companies recording large declines in core operating areas compared to the end of 2014. Between Q3 2014 and Q1 2015, overall Alberta production - excluding oil sands - has fallen by 8% (56,880 boe/d) and between Q4 2...
» Written by Mark Young on Monday, June 29, 2015

A Year of Lower Oil Prices: Crossing A Boundary

The oil price collapse of 2014-2015 began one year ago this month (Figure 1). The world crossed a boundary in which prices are not only lower now but will probably remain lower for some time. It represents a phase change like when water turns into ice: the composition is the same as before but the p...
» Written by Art Berman on Monday, June 29, 2015

Oil, Gas,Chemicals: A Trove Of Financially Toxic Assets

OIL and gas companies might very well find themselves holding on to what Izabella Kaminska of the FT has aptly called 'a trove of financially toxic assets' as a result of the growing, and irreversible, consensus that climate change is man-made. She was basing her phrase on the work of the consultan...
» Written by John Richardon on Monday, June 29, 2015

Nuclear Future: How Japan's Oil Consumption is changing

The signs that Japan is moving toward an ever-idealistic oil free future has become more of a reality in the past year. Japan's distrustful nature in regards to nuclear power is well understood, with the 2011 Japanese tsunami causing the failure of a key nuclear facility, which was later revealed to...
» Written by Jeff Nevil on Friday, June 26, 2015

Oil & Gas companies must retain focus on managing supplier risks

With dramatically falling oil prices, the heat is on for oil and gas companies to remove cost from their supply chains as quickly as possible. But while spend is being closely scrutinised, other risks - including those related to the supply chain - are being overlooked, according to new research.* ...
» Written by Michael Viator on Friday, June 26, 2015

Striking employment; taking advantage of the oil industry's current skill shortage

Despite continued demand for the product it produces, the oil industry has hit a major speed bump in recent years; there is a serious lack of skilled employees to fill the vacancies that are emerging in the wake of experienced workers reaching retirement age. For those with the right skillset, there...
» Written by Nick Bush on Thursday, June 25, 2015

Transforming subsurface interpretation!

Based on circa 100 events that Finding Petroleum have run since late 2008, I believe that several 'Winners' have appeared: Sea-bed Nodes (OBN) Fibre Optics Non-Seismic Geophysics: Full Tensor Gravimetry (FTG). Controlled Source Electro-magnetics (CSEM) - comes with a definite 'perhaps, perhaps not'...
» Written by David Bamford on Thursday, June 25, 2015

The Top 100 Canadian Oil & Gas Companies

CanOils is pleased to announce the release of its new free report, Canada's Top 100 Oil & Gas Companies, which has been compiled using Q1 2015 Canadian oil & gas production results from all TSX and TSX-V listed Canadian oil and gas companies in the CanOils database. Strong Operational Gains Marred ...
» Written by Mark Young on Wednesday, June 24, 2015

Why EnCana's Deep Panuke Problems Matter, Part 2: Does New England Have A Natural Gas Dilemma?

Part 1: Why Encana's Deep Panuke Problems Matters for New England Natural gas discoveries in offshore Nova Scotia were supposed to help supply New England with years and years of natural gas supply. But Exxon has already left the area (Sable Island) and Encana's reservoirs (Deep Panuke) is watering...
» Written by Keith Schaefer on Wednesday, June 24, 2015

BP Data Suggests We Are Reaching Peak Energy Demand

Some people talk about peak energy (or oil) supply. They expect high prices and more demand than supply. Other people talk about energy demand hitting a peak many years from now, perhaps when most of us have electric cars. Neither of these views is correct. The real situation is that we right now s...
» Written by Gail Tverberg on Wednesday, June 24, 2015
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