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Energy leaders gather in Houston for the ‘Oil Man’s Davos’

Business

Around 4,000 leaders of the global energy industry will gather in Houston, Texas today for the CERA Week forum — the annual event that has been called the “Oil Man’s Davos.” Top of the agenda, under the theme “Tipping Point — Strategies for a new energy future,” will be the new dynamics of the oil […]


Royalties: Why Some Strike It Rich In The Natural Gas Patch, And Others Strike Out

Business

Marie Cusick / StateImpact Pennsylvania Jim Barrett stands next to a wellpad on his farm in Bradford County. He says Chesapeake Energy, which drilled four natural gas wells on his land, is cheating him out of royalty money. When natural gas companies approached Charlie Clark and Jim Barrett about the minerals under their farms, the […]


Bribery in the Energy Market – More than Bags of Cash

Bribery in the Energy Market – More than Bags of Cash thumbnail

At the mention of corruption in oil and gas, it’s easy to first think of scandals such as the billion-dollar securities settlement from Brazil’s state-owned oil company Petrobras, but truth is, following the industry downturn, energy service companies remain eager to jump at new opportunities in international markets. With increased competition for these emerging opportunities […]


In Search Of Investors, Saudi Arabia’s Crown Prince Is Coming To America

Business

Mohammed bin Salman bin Abdulaziz al Saud, the Crown Prince of Saudi Arabia, will be leaving his kingdom next month for a three-week charm tour. His agenda hasn’t yet been revealed, but sources say MbS (as he’s known) will start his tour March 7 in London, then head to New York, Washington, San Francisco and maybe […]


How does KFC run out of chicken?

Business

How on earth does a fast food restaurant that specializes in chicken run out of … chicken? This week KFC temporarily closed up to 800 stores in the UK and Ireland after a failure in its supply chain for chicken. KFC had recently switched delivery and logistics suppliers from Bidvest Logistics to DHL (DPW). It was a […]


Mideast Strife Is Cash Positive For U.S. Natural Gas — And Chinese Coal

Business

By Jim Krane Over the years, America’s involvement in the strife-ridden politics of the Middle East has brought a lot of heartache. By one measure, however, Americans’ luck in the Middle East has improved. It’s not that political divisions have mended. It’s that U.S. natural gas producers have found a way to capitalize on those […]


City of London financiers contemplate “imminent” 2018 US stock market crash of up to “50%”

Business

Coming dramatic decline of US stock prices would trigger global recession, finds grim forecast to be explored at roundtable hosted by British financial services think-tank Published as part of the launch of the new beta platform for INSURGE intelligence, a crowdfunded journalism platform for people and planet. A new analysis published on the website of a […]


Flare Mining – Turning Waste Natural Gas into an Alternative Store of Value

Business

Flare Mining’s innovative, flare gas capture and processing systems turn raw associated gas and from a waste into digital currency income. Gas flaring is the combustion of associated gas produced with crude oil or from gas fields. The impact of gas flaring is of local and global concern. Gas flaring is one of the most […]


Exxon plans major US investments due to tax reform

Business

Exxon Mobil Corp (XOM.N) plans to invest billions of dollars in the United States due in part to recently approved corporate tax rate cuts, the company’s chief executive said on Monday. A logo of Exxon Mobil is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell […]


I Have Seen the Future’s Best-Selling Autonomous Vehicle, and It’s Not What You Think

I Have Seen the Future’s Best-Selling Autonomous Vehicle, and It’s Not What You Think thumbnail

The race to make fully autonomous vehicles is on. Technology companies like Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL), Nvidia (NASDAQ: NVDA), and Intel (NASDAQ:INTC); ride-sharing services like Uber and Lyft; and seemingly every auto manufacturer are putting in serious work to get a self-driving car on the road. While all eyes in the U.S. are on promising projects — […]


Big Oil flush with cash again, but no party yet

Business

The world’s top oil companies are expected to generate more cash in 2018 than at any other time this decade after three painful years of cuts, but it isn’t party time yet. The shift in sentiment has been rapid as crude prices have risen by more than 50 percent over the past six months to […]


Banks expected to share tiny proportion of mammoth Saudi Aramco IPO

Banks expected to share tiny proportion of mammoth Saudi Aramco IPO thumbnail

The banks that will advise and execute Saudi Aramco’s stock market listing are expected to share a tiny proportion of the $100 billion Riyadh hopes to raise in its initial public offering, according to banking sources and industry insiders. Investment banks involved in the listing IPO-ARMO.SE are expected to share a fifth of a percent […]


Buy Oil, Make Money

Business

The last time I got into a row over oil prices with Christian DeHaemer, the U.S. oil industry was in a far different state. It was years ago, before the Bakken in North Dakota became a household name. Back then, our shouting matches would reach a crescendo in the office, and he just happened to […]


Texas oil tycoon Pickens closing energy hedge fund

Texas oil tycoon Pickens closing energy hedge fund thumbnail

Oil tycoon T. Boone Pickens is throwing in the towel on his energy focused hedge fund after a 22-year-long “roller coaster ride.” “It’s no secret the past year has not been good to me, from a health perspective or a financial one,” Pickens wrote in a Linkedin post Friday, referring to the series of strokes […]


Five oil market myths that need dispelling

Business

The oil market has come to be defined by several narratives over the past couple of years: market rebalancing, OPEC versus shale, Russia’s delicate relationship with OPEC, OPEC’s conformity with production cuts with the latest deal extension running to end of 2018 and shale’s resilience to lower prices. But these frameworks have created a narrow ideology that could […]


China Is About To Shake Up Oil Futures

Business

The “huge story”, as Graticule’s Adam Levinson called it, will, it appears, be a “wake up call” for the West that seems to happily be ignoring this potential bombshell that is China’s looming launch of domestic oil futures trading. Additionally, Levison warns Washington that besides serving as a hedging tool for Chinese companies, the contract will aid a broader Chinese government agenda […]


BP Expects U.S. Earnings Uplift From Tax Reform

Business

Oil giant BP will take a one-off $1.5 billion charge to adjust to new U.S. tax rules, joining rival Royal Dutch Shell and other companies, but expects a long-term boost from the corporate-friendly tax rates, it said on Tuesday. The massive $1.5 trillion tax overhaul that U.S. President Donald Trump signed into law last month […]


Why water will become the world’s most important asset

Business

“Water will eventually become the single most important physical commodity-based asset class, dwarfing oil, copper, agricultural commodities and precious metals”. That was economist and ex-Bank of England MPC member Willem Buiter more than six years ago. You could say he was a bit early in his forecast. While water is vital for life, it hasn’t […]


Oil and gold looking a little bit more “normal” as 2017 draws to a close

Oil and gold looking a little bit more “normal” as 2017 draws to a close thumbnail

A few weeks ago in London, at a pre-conference dinner before the Platts Digital Commodities Summit, the conversation naturally turned to bitcoin and other cryptocurrencies, and the rejection – and disdain – that many supporters of the entire crypto movement have for what are known as “fiat currencies.” Most people know fiat currencies as everything […]


A lesson for Aramco

Business

IF you have ever wondered what national oil companies are for, one of the bigger ones offers this pithy take on the cover of its annual report: This isn’t strange; national oil companies, or NOCs in industry parlance, are often their country’s biggest corporate entity, employer and source of public revenue. The question is what […]


Tesla lines up buyers for electric semi-truck

Business

PepsiCo is the latest company to go public with preliminary plans to buy electric semi-trucks from Tesla, which recently unveiled a rig with plans to begin production in 2019. Why it matters: While these are not final transactions, the announcements by major companies represent something of a corporate vote of confidence in Tesla despite its […]


Saudi Aramco plans for a life after oil

Saudi Aramco plans for a life after oil thumbnail

Rising from the desert like a metallic oasis, the Sadara chemicals plant in Saudi Arabia’s eastern province is a labyrinth of pipes, tanks and furnaces covering an area three times the size of Monaco and made with enough steel to build the Golden Gate bridge twice. The $20bn project, completed in September, is the largest […]


How to Launder $1 Billion of Iranian Oil

How to Launder $1 Billion of Iranian Oil thumbnail

Looking nervous and somber, the FBI’s star witness entered from the lockup and shuffled across the New York federal courtroom in a beige prison smock. The Turkish-Iranian gold trader took a seat at the witness stand for the hearing on Nov. 29, the second day of testimony in a money laundering and sanctions-evasion case brought […]


GE, Baker Merger Will Redefine Process Of Oil And Gas E&P

GE, Baker Merger Will Redefine Process Of Oil And Gas E&P thumbnail

The NovaLT suite of products is designed to supplement an increasing trend for distributed power generation closer to the point of consumption. With efficiency between 80% and 90% in cogeneration applications, BHGE’s NovaLT family of gas turbines represent an advanced solution to produce heat and power. The modular built of the NovaLT16 significantly reduces customized […]


Beware of the Dip: Oil Prices Could Go Lower

Business

The spike in oil prices since August provides U.S. producers an attractive opportunity to hedge their 2018 capital program. With a typical lag, it will likely result in an acceleration in U.S. oil production growth starting 2Q18. Coupled with a seasonal dip in global demand in 1Q18, which will cause sizable excess oil inventories to […]


Financial Carnage Continues To Gut Industry

Business

As the Mainstream media reports about the next phase of the glorious U.S. Shale Oil Revolution, the financial carnage continues to gut the industry deep down inside the entrails of its horizontal laterals.  The stench of fracking fluid must be driving shale oil advocates utterly insane as they are no longer able to see financial wreckage […]


Peak oil? Majors aren’t buying into the threat from renewables

Business

Two decades ago, BP set out to transcend oil, adopting a sunburst logo to convey its plans to pour $8 billion over a decade into renewable technologies, even promising to power its gas stations with the sun. FILE PHOTO – A combination of file photos shows the logos of five of the largest publicly traded […]


Oil Tycoons Make Billions In Saudi Purge

Business

Oil tycoons are applauding Saudi Arabia’s recent anti-corruption raid, which has boosted the net worth of the world’s 21 largest oil tycoons by $1.4 billion, according to Bloomberg. The boost came on the back of increased crude prices as reports of the arrests emerged. The net worth of Saudi investor Prince Alwaleed bin Talal, on […]


Oil’s $1 Trillion Question

Business

How much is Saudi Aramco, the world’s largest energy company, actually worth? If it wasn’t a sales pitch, it really sounded like one. “Aramco is by far the lowest-cost producer,” said Khalid al-Falih, the Saudi oil minister, at the Future Investment Initiative in Riyadh. The October gathering, dubbed “Davos in the desert,” brought together a […]


In Today’s Oil Market, It’s America Last

Business

America is, as you know, a bit different from the rest of the world. Lately, this exceptionalism has been more noticeable than usual in the oil market: It isn’t just the outright price where a gap has opened up. The shape of the futures curves — how barrels for delivery down the road are being priced […]


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PO Real Time

A good update on our #PeakOil dilemma | The Easiest Person to Fool: Autobiographical Notes, Part 4: My Peak Oil Journe... theeasiestpersontofool.blogspot.com/2018/06/autobi…

#Energy101 Total proved oil reserves in billions of barrels. Source: BP So, 20 years later and after all the oil that has been extracted we have MORE oil. Should it be labeled renewable? #PeakOil

test Twitter Media - #Energy101
Total proved oil reserves in billions of barrels.
Source: BP
So, 20 years later and after all the oil that has been extracted we have MORE oil. Should it be labeled renewable?
#PeakOil https://t.co/blpl2mlwRc