Citigroup Eyes Oil, Infrastructure in IraqCitigroup Inc. (C) received approval last week to open a representative office in Baghdad to take advantage of the estimated $1 trillion to…
Takeover Bargain: Newcrest MiningSince mid-April we have been monitoring Newcrest Mining Ltd. (NCM), which has lost half of its value since then and is possibly ripe for takeover…
Qatar Emir Cedes Power to SonEmir of Qatar Hamad bin Khalifa al-Thani (61) ceded power Tuesday to his 33-year-old son, Tamin bin Hamad al-Thani. This is not a…
This week’s market action seemed to prove two very old trader’s axioms – ONE – the market will do precisely what will cause the most people the most pain and…
The bulk of new discoveries we’ve been hearing about over the past couple of years—at least the big ones—are offshore, many of them in ultra-deep waters. Shallow discoveries are fewer…
Underground coal gasification (UCG) has been around for a very long time, but just as it was about to surface as a potentially commercially viable alternative to traditional coal mining,…
August crude oil futures bucked the trend in many commodities to post a strong close for the week. The market was buoyed by signs of an improving economy and comments…
Peru Prepares for Amazon Oil AuctionPeru is preparing to auction off 26 oil concessions in the Amazon region after holding consultations with indigenous groups. The Peruvian government is…
Noble Seals Cyprus LNG Terminal DealLast week, Cyprus approved a deal with Houston-based Noble Energy Inc. (NBL) and its Israeli partners (Delek Drilling LP and Avner Oil Exploration…
Uncertainty Rises in LebanonSpillover from the conflict in Syria has entered a new phase in Lebanon, and we are increasingly concerned that the country will become embroiled in…
As I write this on Thursday morning, Gold is in a virtual freefall, dropping below $1400 an ounce for the first time in two years – Ben Bernanke’s statements at…
Massive cost, forbidden terrain and unimaginable reward—this is the Arctic, where interest has waxed and waned over the past decade, but a flurry of activity from unexpected quarters is bringing…
It’s hard to get a handle on the Utica shale, and whether it’s an amazing success or a horrible disappointment—this is a matter of perspective. But give us a chance…
August crude oil continued its sharp rally which began two weeks ago when the market successfully held a major pivot zone at $94.32 to $93.13. The upside momentum generated by…
Iranian Elections Bode Well for Political UnityThe Iranian people elected a new president on 14 June in the first round, with over 70% voter turnout. Hassan Rouhani won…
Angola to Auction off More Exploration RightsAngola is shaping up to be the next major sweet spot in West Africa—with the potential to rival even Nigeria. Now it’s…
Norway Sticks to Gas Pipeline Tariff Cut Officials in Norway have indicated that they will go ahead with a controversial plan to cut tariffs on gas pipelines by up to…
‘Peacekeepers’ for South African MinesSouth Africa is toying with the idea of deploying what it refers to as “peacekeepers” to restore a sense of security to the countries…
The markets have looked a lot shakier in the past two weeks and that certainly applies to more than the bond and equity markets. As treasury rates have risen and…
Five years ago, the Haynesville shale emerged as the largest producing shale gas play in the US, with an estimated 250 trillion cubic feet of natural gas, with the first…