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Article Archive

  • 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…

  • Mysterious Oil & Gas Worker Deaths Across America

    In July of 2012, the mother of 21-year old Dustin Bergsing filed a wrongful-death suit in Yellowstone County District Court. Bergsing died on January 7 of that year — his first child was born just six weeks prior. The cause of death was hydrocarbon poisoning. More specifically, Bergsing died from inhaling fatal amounts of petroleum vapors after gauging a crude oil tank on a Marathon Oil site in Mandaree, North Dakota. Here is what happened (from a North Dakota Supreme Court appellee brief): Dustin Bergsing was working for Across Big Sky when he was found dead at a Marathon well-site…

  • Readjusting Targets And Preparing For The Next Oil Boom

    Nothing in the past two weeks has changed my outlook on oil and oil stocks in that I believe this 'bust' cycle which started in August of 2014 still has a long way to go.  But various financial factors are beginning to pick at the outskirts of the numbers and begging us to reevaluate some targets as we position ourselves for the next great oil boom. We've isolated several financial factors, having little to do with fundamental oil, that are affecting the current price of oil, especially the dollar which has looked somewhat toppy of late:   This has added to…

  • AGL Resources (GAS) is A Risk Worth Taking

    When the price of oil was in freefall it understandably captured a lot of attention. The same fate befalling natural gas, however, was of less interest to most media outlets. In many ways that is understandable; the price of natural gas has a much less direct effect on the vast majority of consumers than that of oil, so stories about it don’t drive ratings. The fact is, though, that the decline in natural gas prices was, if anything, more spectacular.When oil was in full decline from September to December of last year natural gas prices held up pretty well, supported…

  • Fortune Favors The Bold, Especially In Iran

    Introduction The tentative framework deal reached between Iran and the P5+1 nations over its nuclear program has raised the prospects of a broader thaw in relations. If Iran can be accepted back into the international community, the harsh sanctions on Iran’s economy could be lifted. That could lead to an opening up of Iran’s oil sector. While that won’t mean a return to the pre-revolution days before 1979, it could result in extraordinary opportunities for the few international oil companies willing to brave the political risk. Massive Oil and Gas Reserves And the bounty could be big. Iran is sitting…

  • 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…

  • Trend Should Remain Up Despite Trader Indecision

    June Crude Oil futures posted an inside move last week. This reflected trader indecision or that traders are waiting for fresh information. There was very little reaction this week to the supply and demand reports. Traders seemed to be more focused on the escalating situation in Yemen.After posting a solid gain the week-ending April 17, crude oil futures settled into a sideways-to-lower trade. The inability to follow-through to the upside after the strong rally gave investors an excuse to pare positions. This led to a steady decline throughout the week. It also was an indication that traders were looking for…

  • 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,…