Our Blog
Oil Export Ban Repeal?
“Rigzone” reports that Evercore ISI predicts a repeal of the crude oil export ban in the first quarter of next year. Terry Haines, an analyst at Evercore, foresees the repeal including a critical provision which would allow Barack Obama to set export levels. While some in congress support a complete lifting of the embargo, many… Read More
LNG Growth
“World Oil” cites a recent report by Global Data which projects global Liquefied Natural Gas (LNG) capacity more than doubling by 2019. Current capacity of 341 million tonnes per year (mtpa) is expected to grow to 811 mtpa based on projects already scheduled for construction. This global trend is led by unprecedented growth in North… Read More
IEA Forecast
A recent article in “World Oil” cites the latest forecast from the International Energy Agency, the advisor to 29 oil consuming nations. The report predicts that record world-wide oil inventories will persist through 2016 in spite of surging demand and falling non-OPEC production. In fact, the agency foresees global stockpiles building even further. Predictably, prices… Read More
Bakken Viable at $30?
According to a recent article in “Rigzone”, some parts of the Bakken shale in North Dakota are still viable economically at an oil price of $30 per barrel. This is less than half what was previously thought. By “retreating to the core” of structures higher volume wells are possible, which can spread drilling and completion… Read More
Optimism Persists in Some Quarters
Oil analysts, like most of us in the industry, are optimists as documented in a recent article in “Rigzone”. This was true even back in June of last year when oil was over $100 per barrel and no one foresaw the price collapse. This optimism persists even today as oil prices dipped to $41.94 at… Read More
