Opinion & Commentary

 

Opinion & Commentary

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Latest Opinion & Commentary

Should we be in the Arctic?
The sanctions-driven freeze on US and European involvement in the Russian Arctic gives us time to consider a fundamental question: Should we be exploring in the Arctic at all? On the one hand, as an explorer I am aware of, even excited by, USGS notions that the Arctic may contain say 100 bn boe wa...
» Written by David Bamford on Wednesday, October 1, 2014
Oil price, Ineos/Fraccing, Exxon/Rosneft, Velocys, Sundry-Shell/BP-Nighthawk-Union Jack-B&S and finally...
Oil price This morning the oil price is down again, not much but around 70 cents which takes Brent nearer the recent lows, note that the differential is $3.46 at the bottom end of its range. WTI outperformance is partly due to the US GDP numbers last week but also the strength of the greenback and ...
» Written by Malcolm Graham-Wood on Monday, September 29, 2014
Big natgas exports to Mexico in 2015 is a pipe dream
Natural gas bulls point to fast increasing exports of cheap US natgas to Mexico to bolster their thesis. Even I was guilty of this last year, when I ran a two part series on this in July 2013.But now I’ve learned this is simply not going to happen—at least until mid-2016, simply because ...
» Written by Keith Schaefer on Monday, September 29, 2014
Oil price, Mexico, Independent, Sundry - BP-San Leon-Alkane- And finally...
Oil price A quiet day in the oil markets with little further data and in the US a touch of the jitters, as indifferent durable goods orders and an increase in jobless claims panicked Wall Strasa. Today the UK Parliament votes on whether to approve joining the international strike force against IS, ...
» Written by Malcolm Graham-Wood on Friday, September 26, 2014
99 Red Balloons...
...was the title of an anti-nuclear protest song by the German singer Nena and her group of the same name, released in German in 1983 and in English in 1984. It came into my head just this week when I read this review of the work of a well-known Aberdonian academic predicting “a potential Nor...
» Written by David Bamford on Friday, September 26, 2014
Oil price, Parkmead, Hurricane, NTOG, Tangiers, Sundry- Madagascar-Azonto and finally...
Oil price Yesterdays movements were modest with traders telling me that the market was quiet, WTI went better as the API stats showed a substantial crude draw of 6.5m barrels but as oft repeated here, September can be a funny month. Refiners will start to up their runs next month and we shall see w...
» Written by Malcolm Graham-Wood on Wednesday, September 24, 2014
Oil price, Exxon, Siemens, Chariot, Faroe, Velocys and finally...
Oil price All sorts of influences on the oil price at the moment and in a number of different directions. On the demand side, tomorrows manufacturing numbers from China will be closely watched, the EU continues to look distinctly groggy and the G20 meeting in Sydney yesterday described those econom...
» Written by Malcolm Graham-Wood on Monday, September 22, 2014
Low oil prices: Sign of a debt bubble collapse, leading to the end of oil supply?
Oil and other commodity prices have recently been dropping. Is this good news, or bad? Figure 1. Trend in Commodity Prices since January 2011. Brent spot oil price from EIA; Australian Coal from World Bank Prink Sheet; Food from UN’s FAO. I would argue that falling commodity prices are bad ...
» Written by Gail Tverberg on Monday, September 22, 2014
Rosneft and Gazprom break into Brazil
During the third quarter of 2014, both Rosneft and Gazprom have made notable advances into the Brazilian oil and gas sector. As of mid-July 2014, the Brazilian National Agency of Petroleum, Natural Gas, and Biofuels authorized the sale of an additional 6 percent of HRT O&G to Russia’s Rosneft...
» Written by Joe Parson on Thursday, September 18, 2014
For a few trillion barrels more
Today, Scotland will vote on the following question: Should Scotland be an independent country? Answer YES and the vote is for independence, answer NO and the vote is to stay with The United Kingdom. Energy has not figured at the top of the debating issues that have been dominated by currency unio...
» Written by Euan Mearns on Thursday, September 18, 2014
Oil price, Scotland, Caza and finally...
Oil price The oil price remains relatively week but looks to be trying to form a bit of a base around here, after the Fed stated yesterday that 'accommodative interest rates would remain for a considerable time' the greenback strengthened again... The EIA stats mirrored those of the API, a...
» Written by Malcolm Graham-Wood on Thursday, September 18, 2014
Oil price, Northern Petroleum, Petroceltic, Sound Oil, Sundry -BP-Tangiers and finally...
Oil price The first thing to say is that the Brent price is really around $99, the price above not reflective of realité. The two dollar turnaround was mainly started by the Opec Secretary General who gave an interview after a meeting with the Russian Oil Minister yesterday. Whilst saying th...
» Written by Malcolm Graham-Wood on Wednesday, September 17, 2014
How do you spend $35 billion in a town of 13,000 people?
The LNG (Liquid Natural Gas) countdown is on in Canada. Within weeks, there are three major catalysts happening that could reshape the entire economy and labour market of western Canada. The British Columbia government outlines its fiscal regime for LNG The environmental assessment for the Petron...
» Written by Keith Schaefer on Wednesday, September 17, 2014
Oil price, Ophir, Ithaca and sundry- FOGL-Thalassa- And finally...
Oil price Technical differences to WTI and Brent yesterday, the latter fell as few physical buyers were around as the old contract expired but this morning the new contract is up over a dollar. I saw the North Dakota July production numbers yesterday which at 1.1m b/d of oil and 1.3m TCF of gas wer...
» Written by Malcolm Graham-Wood on Tuesday, September 16, 2014
Yes or no? Implications for the UK Oil & Gas Industry
After one of the longest political campaigns in British political history, the end is in sight. On 18 September, 2014, the Scottish people will vote on whether Scotland should leave the union and become an independent country. A “yes” vote would have enormous strategic, political and ...
» Written by Uisdean Vass on Tuesday, September 16, 2014
Oil price, Scotland, Hurricane, Bahamas Petroleum, Tangiers and finally...
Oil price The fall in the oil price is relentless and shows no sign of changing although a bounce of some sort, either bear closing or of the dead cat variety will inevitably happen soon. Do not confuse this with equilibrium returning, that may take longer. This morning Brent is nearly a dollar eas...
» Written by Malcolm Graham-Wood on Monday, September 15, 2014
The Importance of Public Image to the Petroleum Industry
Public attention to the petroleum industry may never have been higher and more critical than it is today. The intrusiveness of operations in unconventional plays, the climate change debate, deepwater operational risk, growing interest in Arctic deposits and the search for renewables are all hot top...
» Written by Angus Warren on Monday, September 15, 2014
How does BP's gross negligence affect the pending criminal cases against its 'company men'?
U.S. District Judge Carl Barbier’s finding that BP was grossly negligent in the Deepwater Horizon disaster raises troubling questions about the criminal trial of the BP “company men” on the ill-fated drilling rig, Donald Vidrine and Robert Kaluza. As BP’s representatives, Vi...
» Written by Loren Steffy on Monday, September 15, 2014
Big Data is a solution looking for an Upstream problem
According to my friend Neil McNaughton at OilIT, annual Upstream spend on IT may reach as much as $60bn by 2016. And if you were to believe everything you read, “Big Data” is going to swallow a big part of that, with even Aberdonian academics getting in on the act! After all, the argum...
» Written by David Bamford on Monday, September 15, 2014

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Opinions & Commentary

Oil price, Scotland, Hurricane, Bahamas Petroleum, Tangiers and finally...

by Malcolm Graham-Wood

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