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Article Archive | Page 740

Argentina's Shale Boom Hits New Milestone

Dec 10, 2019 at 09:14

YPF, the Argentine state energy company, has drilled the longest horizontal oil well lateral, at 3,890 meters, or more than 12,700 feet, in the Vaca Muerta shale play, S&P Global…

Russian Oil CEO: OPEC+ Cuts To Keep Oil Between $55 And $65

Dec 10, 2019 at 09:03

The efforts of OPEC and its Russia-led non-OPEC allies to cut production further will be positive for oil prices, which will stay in the US$55-US$65 per barrel range in the…

OPEC Deal Could Send Oil To $70

Dec 09, 2019 at 15:53

The OPEC+ deal could push oil prices back to $70 per barrel next year, assuming all goes according to plan. The combination of raising the production cuts to 1.7 million…

These Secretive Oil Companies Control $3 Trillion In Wealth

Dec 09, 2019 at 15:43

They control the vast majority of the world’s oil and gas assets, yet the average person has never even heard of them, outside of those that are famous for things…

China Is Winning The Offshore Oil Game

Dec 09, 2019 at 15:21

Hydrocarbon-hungry China is tearing it up on the offshore oil and gas scene, and its rapidly growing global footprint is helped along because it’s not unconcerned with compliance, transparency, corruption…

Lower Oil Production Will Cause Saudi Budget Deficit To Balloon

Dec 09, 2019 at 15:15

Saudi Arabia is predicting that its budget deficit will balloon to US$50 billion next year as low oil prices and lowered production eat into the Kingdom’s oil revenue, according an…

Canada's Oil Crisis Isn't As Bad As It Seems

Dec 09, 2019 at 13:55

Any investor or prospective investor googling “Alberta”--Canada’s key oil-producing province--will likely give up before clicking any further, at this point. The results will be a string of bleaker-than-bleak forecasts…

Is This The Only Way To Make Nuclear Energy Work?

Dec 09, 2019 at 13:01

The need for efficient, affordable, and scalable alternatives to traditional fossil fuels is more pressing than ever. While clean energy alternatives are already existent and abundant, however, there has been…

Libya Declares Force Majeure On Loadings From El-Feel Oilfield

Dec 09, 2019 at 12:37

Libya’s volatile production and exports may inadvertently help OPEC and its allies in supply restrictions these days, after the Libyan National Oil Corporation (NOC) has declared force majeure on crude…

Israel's Plan To Bypass The World's Most Critical Oil Chokepoint

Dec 09, 2019 at 11:52

Israel pitched to India this weekend its idea of a new transportation corridor in the Middle East bypassing the most critical oil chokepoint in the world which is very close…

Aramco Looks To Build An LNG Fleet

Dec 09, 2019 at 10:24

Aramco’s shipping division has issued an expression of interest in the chartering of up to a dozen LNG carriers beginning in 2025, Reuters reports, citing industry sources. Liquefied natural…

Goldman Sachs Sees Higher Oil Prices In 2020

Dec 09, 2019 at 09:21

Goldman Sachs lifted its crude oil price forecast for 2020 on the grounds that OPEC’s deeper production cuts will help the market avoid oversupply, Bloomberg reports, citing an emailed…

Forget The Hype, Aramco Shares May be Valued At Zero Next Year

Dec 06, 2019 at 14:33

This week will see the onset of full trading activity in the shares of Saudi Arabia’s flagship oil company, Aramco. Through a combination of wooing local retail investors via preferential…

The Danger Of Deeper OPEC+ Cuts

Dec 06, 2019 at 14:29

OPEC+ agreed to cut production by 500,000 bpd, sending oil prices higher on Friday. During mid-day trading, WTI was just shy of $60 per barrel, and Brent moved closer to…

The Best And Worst Oil Majors Of 2019

Dec 06, 2019 at 14:30

As oil traders eagerly await OPEC’s final verdict on the production cuts, and as Riyadh puts the final touches on the Aramco IPO, some of the largest players in oil…

The Best Way To Invest In The Energy Sector In 2020

Dec 06, 2019 at 14:26

A record number of energy companies filing for bankruptcy coupled with poor performance by the industry in 2019 has made it incredibly hard to find investments in the energy space…

How OPEC Plans To Keep Rogue Oil Producers In Check

Dec 06, 2019 at 14:22

OPEC’s "whatever it takes" strategy has so far meant that Saudi Arabia would make additional production cuts where non-complying members failed. Some members are banking on OPEC employing that strategy…

The Fastest Growing Energy Sectors Of 2019

Dec 06, 2019 at 14:21

Whether you’re bullish or bearish on oil and gas or renewables, when it comes to 2019 growth, there were clear winners and losers, and oil isn’t among the former ...…

BP Under Fire For “Misleading” Advertisements

Dec 06, 2019 at 14:18

Yesterday the non-profit group lodged an official complaint under international guidelines regarding the campaign, which is BP’s first in 10 years. The group is backing up the complaint with demands…

The Gas-For-Gold Scheme That Slipped Through U.S. Sanctions

Dec 06, 2019 at 14:15

We first started noticing major 'odd' exports of gold from Turkey to Iran in May 2012.  Turkey’s trade balance fluctuated wildly as gold stocks flowed out of the country in…

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