Article Archive | Page 1417

Nov 28, 2014 at 10:22

As Dan Dicker is away this week, please find below a guest piece provided by our new Managing Editor Chris Dalby. In the final hours, as delegates were locked in…

Nov 27, 2014 at 15:27

The oil industry is betting big on the Gulf of Mexico with both costs and production rising as a result. The Gulf has seen a bit of a resurgence in…

Nov 27, 2014 at 14:52

The numbers that define China’s progress over the last 50 years are staggering. Over 300 million people lifted out of poverty. Over 160 cities with more than 1 million inhabitants.…

Nov 27, 2014 at 14:41

When Helge Lund takes over as CEO of BG Group in March 2015, he’ll be greeted with what sports economists call a “signing bonus” of $23.6 million as well as…

Nov 27, 2014 at 14:01

The US Petroleum Supply Monthly just came out with production data for every state and territory. US supply was up 168,000 bpd to 8,864,000 bpd in September. The biggest…

Nov 27, 2014 at 11:05

OPEC has resisted the urging of its needier members and has decided not to cut production levels despite the five-month-old plunge in oil prices. Saudi Oil Minister Ali al-Naimi said…

Nov 26, 2014 at 15:40

This is a post-mortem on a project initiated by Google – a master of innovation if ever there was one and a company with impeccable…

Nov 26, 2014 at 14:53

On a recent business trip to Edmonton, in northern Canada, I was surprised to find, amid the bales of recycled materials and heavy equipment pushing around mountains of trash, a…

Nov 26, 2014 at 14:45

The Bakken, as well as other shale oil areas, is not one homogeneous area where equal amounts of oil can be found. David Hughes in DRILLING DEEPER puts it…

Nov 26, 2014 at 14:27

Russia can’t live with oil prices below $79 per barrel, but Finance Minister Anton Siluanov says he doesn’t expect them to drop much lower, and they may even rise a…

Nov 26, 2014 at 14:00

The following is an interview with Rudolf Hokanson in which he discusses some noteworthy players in both the oilfield services and exploration and production sectors in the US Shale scene…

Nov 26, 2014 at 09:27

Saudi Oil Minister Ali al-Naimi says there’s no need for OPEC to reduce production to shore up the price of oil because the market will fix itself. Despite his optimism,…

Nov 25, 2014 at 16:45

Could this be the first step in defeating the Islamic State? In an unexpected move Sunday, Saudi Arabia, the United Arab Emirates and Bahrain agreed to return their ambassadors to…

Nov 25, 2014 at 16:38

Not gone and not forgotten, China is ready to solidify its claim to the South China Sea (SCS). Recent satellite imagery confirms China is conducting…

Nov 25, 2014 at 16:23

With winter approaching, the piles of coal at utility yards are running well below average, and several utilities are pressuring rail companies to allow more coal trains through. The problem…

Nov 25, 2014 at 16:15

OPEC alone can’t be held responsible for setting the price of oil worldwide, a veteran oil minister says, and it’s time for producers outside the cartel to help set acceptable…

Nov 24, 2014 at 15:23

When it takes up to four million pounds of sand to frack a single well, it’s no wonder that demand is outpacing supply and frack sand producers are becoming the…

Nov 24, 2014 at 15:09

For the last 4 years, the national average retail price of gasoline in the United States stayed within a range of $3.25-$4.00 a gallon. But that all changed this…

Nov 24, 2014 at 14:53

NRG Energy is charting a path forward for the 21st century utility. The threat of distributed energy has raised concerns in utility boardrooms over the future of their business model.…

Nov 24, 2014 at 14:42

In February 2009 Phil Hart published on The Oil Drum a simple supply demand model that explained then the action in the oil price. In this post I…