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Looking past the short-term

Business

A global perspective on events impacting the oil and gas industry PHOTOS BY SYLVESTER GARZA EDITOR’S NOTE: OGFJ spoke with BDO’s Charles Dewhurst and Tom Elder for a global perspective on recent events impacting the oil and gas industry. Dewhurst serves as BDO’s International Liaison Partner and leader of the Global Natural Resources practice. Tom […]


Circular economy – Effective resource management

Business

Moon Stone International Investment S.A. from Luxemburg is a company, which has come to realize that proper waste management is a new industry for the future for those who will recognize this opportunity. Luxembourg (PRWEB) August 14, 2017 In recent years, efficient use of resources and a low-carbon society have become the focus of global […]


Twilight of the Oil Economy

Business

Among the many socio-ecological challenges faced by modern civilization, one looms especially large: the dwindling of the fuel resources that form the lifeblood of “developed” countries. Some economists and tech evangelists dismiss the issue as misguided or irrelevant, but it seems to gain a stronger consensus by the year — years in which the lack […]


Jim Rogers says the ‘biggest crisis in his life’ is less than a year away

Business

Jim Rogers, the renowned co-founder of Quantum Fund believes that there’s an impending crisis, and it’s much sooner than you think. “We could see the worst crash in my entire life pretty soon,” said Jim Rogers in a recent conversation with Kitco news. Jim Rogers founded the Quantum Fund alongside George Soros, who is regarded […]


Oil bankruptcies slow dramatically this year

Business

The number of North American oil companies shuffling into bankruptcy court has fallen dramatically this year, a new report shows. Fourteen oil producers filed for Chapter 11 bankruptcy protection in the first half of the year, down from 50 in the first six months of 2016, according to Dallas law firm Haynes & Boone. The […]


Oil And The OPEC Meeting – Something To Believe In

Business

Summary The two-day compliance meeting of OPEC and non-OPEC producers concludes today. Oil prices have drifted lower ahead of the result, out of fear of a bad result. It’s a trend we’ve seen recently, but we expect to turn around as tangible factors for sustained oil price rise have developed. I’m looking for a well […]


Electric Car Boom Drives Rush to Mining’s $90 Billion Heartland

Business

A scramble by the lithium market’s biggest players to tie up supply of the high-tech metal is gathering pace in the 170-year-old heartland of Australia’s $90 billion mining industry. Rising Chinese demand for lithium-ion batteries needed for electric vehicles and energy storage is driving significant price gains and an asset boom in Australia, already the world’s largest […]


Good ideas, big plans – all they need is money

Business

You’ve got to start somewhere. Two companies, with relatively little experience, have embarked on ambitious projects to build separately a pipeline and refinery in West Texas, hoping to tap into booming oil production in the Permian Basin. Permico Energia, a Houston startup, says it plans to build a $2 billion pipeline system to transport natural […]


Saudi Oil Minister Is Said to Have Met Top Commodity Hedge Funds

Business

Khalid Al-Falih, Saudi Arabia’s energy minister, met in private with some of the world’s top commodity hedge funds in July, taking the unusual step of personally canvassing investor views on the state of the market. In the past, Saudi Arabian officials have disparaged hedge funds as unhelpful speculators that undermined OPEC’s quest for market stability. […]


The Coming Financial Disruption

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From the late 1700’s through the 1800’s the first industrial revolution brought immense benefits to the average Jack. Mass production of textiles, transportation, food, and beer meant that it was no longer just Lords and Ladies that could afford to get hammered. Indeed, Jack and Jill too could fall down the hill after getting plastered […]


The Great Escape

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Last week’s decision by Malaysia’s state-owned oil and gas company, Petronas, to pull out from a $36 billion investment in B.C.’s Pacific-Northwest LNG project was not entirely surprising. The telltale signs had been lingering for a while — a complicated five-year approval process that had cost Petronas $10 billion, unresolved environmental concerns, and protests from […]


Exxon Cuts Fail to Offset Output Declines

Business

Exxon Mobil Corp. wrecked the oil industry’s perfect streak of upside profit surprises as the biggest U.S. oil explorer disclosed second-quarter results that failed to live up to analyst forecasts. Chevron Corp., the second largest U.S. driller behind Exxon, said it earned 77 cents a share, a dime less than the average of 21 estimates relying […]


Which Peak, And When?

Business

I’ve always found it fascinating how suddenly a “hot” topic crops up everywhere (in modern parlance, it’s trending). Author Malcolm Gladwell explained the phenomenon in his page-turner, the bestseller “The Tipping Point.” The topic seemingly emerges from nowhere, then swirls around from think tanks and universities to the lay media, then to industry media, finally […]


Are More Bankruptcies On The Way For US Oil?

Business

Something that’s been whispered about in the last few months is now being talked about loudly: U.S. oil drillers’ debts. There have been a few notable warnings that shale boomers might want to slow down their production boost lest they bring on another price crash, but the truth seems to be that they can’t do […]


Eternal Sunshine of a Spotless Mind on Crude Oil

Business

Crude oil prices are on the rise today, but energy investors have been on quite a tumultuous ride so far this year. The severe ups and downs have led to excessively negative sentiment. Perhaps investors would benefit from a memory wipe. United States Oil (USO) has risen 0.95% so far on Friday. Energy stocks, on the […]


Oil Up? Oil Down? Blame the Algorithms

Business

When energy analysts and investors couldn’t figure out oil markets this year, they blamed one group: algorithmic traders. On various days over the first six months of 2017, even amid signs of tightening supply, oil prices fell sharply, eventually sinking into bear market territory. Such moves confounded longtime watchers of oil, who said that based […]


Why The Possibility Of Peak Demand Worries Oil Producers

Business

Some disagree about when and whether the world will begin using less oil, but some energy companies are already planning for an oil-free future.


Volvo Commits Sepukku

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With gas cheaper than it has been in at least 50 years — strongly suggestive that there is plenty of it available and will be for some time to come — Volvo has announced its decision to build nothing but expensive plug-in hybrid and full-on electric cars beginning after the 2019 model year. Cue the […]


The surprising New Energy side of Shell

Business

“With Shell Technology Ventures we position ourselves strategically in many places, so that we can experience first-hand where the energy ecosystem is going, and create options for the future”.  An interview with Geert van de Wouw, Managing Director of Shell’s venture capital unit, part of the company’s New Energies division, shows the fascinating new side […]


An Oil Giant Bets Big on Iran

Business

Total SA CEO Patrick Pouyanne isn’t a prolific Twitter user. While he follows the account of French president Emmanuel Macron, Donald Trump doesn’t make the cut. Yet when Pouyanne inks a multi-billion dollar deal in Tehran today to help Iran develop the world’s largest natural gas field, you can bet his staff will be keeping an […]


Pemex Declares Force Majeure On Maya Crude From Pacific Coast

Business

Mexico’s oil company Pemex has declared force majeure on at least two cargoes of Maya crude to be loaded at its Salina Cruz terminal on the Pacific Coast, after a fire affected its largest refinery earlier this month, three sources told Reuters. The 330,000-barrel-per-day Salina Cruz refinery has been inactive since mid June, when a […]


Oil Industry To Waste Trillions As Peak Demand Looms

Business

ExxonMobil and its peers risk blowing $2.3 trillion on oil projects that will not be needed if the world hits peak demand in the next decade. A new report from The Carbon Tracker Initiative analyzed what would happen if the oil market saw demand peak by 2025, a scenario that would be compatible with limiting […]


OPEC Looks Totally Bewildered by the Oil Market

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It may be too soon to write OPEC’s obituary, but the oil producer club appears in urgent need of late-life care. It shows little understanding of where it is, how it got there or where it’s going. While it still manages to collect new members here and there, its core group looks more fragile than […]


Digitalization in Energy: Disrupt or Be Disrupted

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The oil and gas industry is not seen as an industry quick to embrace new technologies. Several factors influence this conservative attitude, including safety challenges, complex systems, and a vast amount of investment. But if there’s any doubt about the changing landscape, a panel of experts at this year’s Offshore Technology Conference (OTC) in Houston […]


The elephant in the room —our population

Business

India’s ‘demographic dividend’ is a myth. Resources are under stress, be it health or education. The government must act If you ever doubted the power of compounding, just take hum do humaare do and poof, magically you have 1.3 billion! Let’s face it, India’s enormous population is at that tipping point — a little north […]


The Global Oil & Gas Industry Is Cannibalizing Itself To Stay Alive

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While the Mainstream media continues to put out hype that technology will bring on abundant energy supplies for the foreseeable future, the global oil and gas industry is actually cannibalizing itself just to stay alive.   Increased finance costs, falling capital expenditures and the downgrade of oil reserves are the factors, like flesh-eating bacteria, that […]


Peak Oil? What Peak Oil?

Peak Oil? What Peak Oil? thumbnail

Look At What Statoil Is Doing — Look At What Iraq Is Doiing — June 13, 2017 Active rigs: $45.93 6/13/2017 06/13/2016 06/13/2015 06/13/2014 06/13/2013 Active Rigs 53 28 75 185 185 RBN Energy: the series continues — Appalachia gas supply vs takeaway capacity. Bakken takeaway: pipelines can now handle all of the current Bakken […]


‘Coal is dead’ and oil faces ‘peak demand,’ says world’s largest investment group

Business

BlackRock investment group, with $5 trillion in assets, is bullish on electric cars and renewables. U.S. coal production is at lowest level since 1978. CREDIT: EIA “Coal is dead,” Jim Barry, the global head of BlackRock’s infrastructure investment group, explained in a recent interview. BlackRock, the world’s largest investment group, with $5 trillion in assets — more than […]


Oil Companies Could Go Bankrupt If Oil Falls, Stays Below $45

Business

Technological advances and deflationary pressure from the downturn have resulted in an 8-percent drop in global average unit production cost to US$30 per barrel of oil equivalent in 2016, which implies that the industry needs the price of oil at US$45 to break even in aggregate, according to a Bernstein Research survey of the 50 […]


How the Aramco IPO will make history and transform Saudi Arabia’s economy

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The US and Saudi Arabia have signed hundreds of billions of dollars worth of business deals following Donald Trump’s trip to the oil-rich state. The biggest deal was for nearly US$110 billion worth of weapons (extending to US$350 billion over ten years). But a number of smaller agreements were made between Saudi and US firms, […]


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PO Real Time

There is definitely no #PeakOil ... twitter.com/zerohedge/stat…

Electric car threatens oil's century-long reign, but change will be slower than the hype #PeakOil dld.bz/garsR

Africa's Richest Man Has a Plan: Cement, Then Oil—Then Arsenal FC #PeakOil dld.bz/gaqeP

#Peakoil or peak demand? bit.ly/2wbxmEE Either way, the age of #oil will be coming to an end. #economics