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Energy / Energy-General

OIlprice.com's Energy section focuses on all energy related topics that can't be easily classified in our other categories. Topics covered are fossil fuel energy, solar energy, wind energy and many other types of energy sources.

  • A Rundown Of The EIA’s Latest Energy Predictions

    Last week the U.S. Energy Information Administration (EIA) released its Annual Energy Outlook 2015 (AEO2015). The report presents updated projections for U.S. energy markets through 2040 based on six cases, defined as follows:1. Reference — Real gross domestic product (GDP) grows at an average annual rate of 2.4% from 2013 to 2040. North Sea Brent crude oil prices rise to $141/barrel (bbl) (2013 dollars) in 2040.2. Low Economic Growth — Real GDP grows at an average annual rate of 1.8% from 2013 to 2040. Other energy market assumptions are the same as in the Reference case.3. High Economic Growth — Real…

  • How Much Does OPEC Really Earn?

    The world already knows that the Organization of Petroleum Exporting Countries, or OPEC, can change the fate of the international oil price. By producing close to 40 % of the world’s combined crude oil, OPEC’s oil exports represents about 60% of the total petroleum traded internationally. In spite of having such clout, 2014 has been kind of odd for the cartel as there was a considerable drop in OPEC’s revenues. As per Energy Information Administration, OPEC earned close to $730 billion in net oil export revenues in 2014, which was a decline of 11% from 2013. Low oil prices and…

  • What Is Triggering Recent M&A Activity In The Energy Sector?

    The large increase in M&A activity is garnering the most attention in the energy space. This increase in M&A has investors wondering what companies are merging, acquiring new assets, and what this M&A activity really means?The most recent merger that has taken place is between Royal Dutch Shell (NYSE: RDS.A) and the BG Group (LON: BG). This merger is estimated to increase Royal Dutch Shell’s deep water position, exploration, and liquefaction in the liquefied natural gas (LNG) market. It is also supposed to increase Shell’s oil and gas reserves by 25%, and greatly increase its presence in the liquefied natural…

  • U.S. To Lead A Fractured Arctic Council For The Next Two Years

    The United States is set to take over the two-year chairmanship of the Arctic Council, and although there is a lot of uncertainty over how the U.S. will wield its influence, it will be taking the helm for a period of time that could see much more activity north of the Arctic Circle.The Arctic Council is an international forum consisting of the eight nations that have territory in the Arctic – Canada, the U.S., Denmark (Greenland), Finland, Iceland, Norway, Sweden, and Russia. Up until recently it has been held up as a model of international cooperation. The members worked together…

  • Global Energy Advisory – 24th April 2015

      Deals, Mergers & Acquisitions • With the flurry of speculation surrounding Shell’s designs on BP Plc, BP’s chief executive, Bod Dudley, is trying to head off rumors. Dudley has told the Financial Times that big isn’t necessarily beautiful. “We’ve got a good portfolio, I like our portfolio. We will see. I don’t see the forces at work for lots of consolidation unless the oil price stays down for some time.” BP is apparently concerned about an opportunistic takeover and has increased internal reviews of takeover scenarios and begun drafting defense strategies with advisers. This follows Shell’s £47 billion offer…

  • This Week In Energy: Are We Experiencing A False Dawn For Oil Prices?

    Oil prices continue to show some strength, closing out the week near their highest levels for 2015. The EIA reported another slight decline in oil production in the United States, the third decline in four weeks. For the week ending on April 17, the U.S. was producing 9.36 million barrels per day, a drop off of about 22,000 barrels per day. Crude inventories did rise, however, indicating that there is still a lot more production than refineries can handle. But on the other hand, gasoline stocks were drawn down by 2.1 million barrels, suggesting demand is gaining some momentum.Once again,…

  • How To Spot An Undervalued Oil Company

    Oil executives have been making headlines recently, due to large purchases of their own company’s stock. In fact, insider buying in the oil industry is higher than any other industry, except the machinery industry. Who’s buying?Major insider purchases for the month of March were made by Kinder Morgan (NYSE: KMI) and Diamond Offshore Drilling (NYSE: DO). A major shareholder (Loews Corp.) purchased 685,373 shares on the open market, and Rich Kinder, CEO of Kinder Morgan, purchased 100,000 shares of Kinder Morgan.In March, Rich Kinder and Corp Loews weren’t the only executives buying company stock. The Director of Marathon Petroleum (NYSE:…

  • Putin Betting On An Argentinian Shale Boom

    Russia is making a play for shale gas – in Argentina. Russian state-owned natural gas giant Gazprom signed a memorandum of cooperation with Argentina’s YPF at a ceremony in Moscow on April 23. Argentina’s President Cristina Fernandez de Kirchner was on hand as was Russian President Vladimir Putin. The move deepens an agreement that the two sides reached after a visit by Putin to Argentina last year. The deal calls for the joint exploration and development of shale gas in Argentina’s Neuquén province. Located in west central Argentina, the province is home to the vast Vaca Muerta, a formation that…

  • Amid Safety Concerns, Utilities Transition To New Business Models

    California’s Public Utilities Commission earlier this month levied a record $1.6 billion fine against Pacific Gas & Electric Co., the state’s largest utility, in connection with a 2010 gas explosion that killed eight people. While the California case is part of a long-running controversy over possible corruption in the traditionally cozy relationship between the state regulator and the utility, the accident and the fine again raise the question of how well sprawling utilities like PG&E can maintain safety standards. PUC president Michael Picker, installed in December to take a tougher line with the utilities, questioned how committed PG&E was to…

  • Corruption Scandal Will Cost Petrobras At Least $2.1 Billion

    The Brazilian state-owned oil company has released its first financial statements in 8 months – and it doesn’t look good. Petrobras has been embroiled in a corruption scandal that has weighed down its share price and sent shockwaves through Brazil’s political and economic establishment. Long held up as a national symbol, Petrobras is now struggling to regain its footing. After the scandal surfaced – which consisted of an elaborate bribery and kickback scheme that went all the way to the top – Petrobras was unable to contain or even put a price tag on the financial losses related to the…