Our Blog
A Former Diplomat Comments
Edward Djerejian served as a diplomat in eight administrations and is currently the director of Rice University’s Baker Institute for Public Policy. A recent article in “World Oil” reports his remarks as a speaker at the annual meeting of the Independent Petroleum Association of America. According to Djerejian, the Saudis are trying to protect their… Read More
Oman’s Solar Project
In several previous posts, I have discussed enhanced oil recovery in general, and Oman’s Miraah project in particular. A recent article in “World Oil” updates the status of the latter. While still in the initial stages, the project is ahead of schedule. The word “miraah” means mirror in Arabic and the facility will be one… Read More
Anadarko’s Assets
“Rigzone” reports that Anadarko’s Chairman and CEO, Al Walker, has told investors that as the crude oil price collapse lingers, he expects shale assets in the Bakken and Eagle Ford shales to be put up for sale. While the industry has been expecting such property sales for quite some time, they have yet to become… Read More
Yergin’s Prediction
According to a recent article in “World Oil”, Pulitzer Prize winning author, Daniel Yergin, thinks oil prices are near a bottom. Yergin, whose book The Prize is considered by many as the definitive history of the oil industry, thinks that falling energy investment will result in lower production. Concurrently, he sees consumption as growing, thereby… Read More
Majors React to New Normal
A recent article in “World Oil” cites a study of international major oil company results in the third quarter of 2015. The study, conducted by consultants, Wood Mackenzie, identified four themes with implications for 2016. These included weak financial performance, strong production, deep cost cutting, and stringent capital allocation, as companies adjust to the assumption… Read More
