Our Blog
2017 Rebound?
Recently, crude oil prices have been disappointing. However, an article in “World Oil” cites a study by Bloomberg which offers a good deal of hope for next year, especially for domestic shale producers. Admittedly, prices have been hammered by the double whammy of a crude glut on the upstream side of the business and a… Read More
Shale Revolutionizes LNG
“Rigzone” reports that the shale revolution flooded the domestic market with so much natural gas that prices fell to a 17 year low. Now shale is revolutionizing the global liquefied natural gas (LNG) market. With all the surplus shale gas in the U. S., operators had to find additional markets. Pipeline exports to Canada and… Read More
Downstream Downturn
“Rigzone” reports that the major integrated oil companies such as Exxon, Total and BP have always had the advantage of using profits from their downstream operations (refining, distribution and marketing) to offset reversals in upstream (exploration and production) when oil and gas prices fall. That is the plan, and for a while it was working… Read More
LNG Market
“Rigzone” reports that spot prices for liquefied natural gas (LNG) have risen by almost 50% since falling to a decade low in April. Prices had been plagued by oversupply, but production outages and unanticipated demand have driven them back up. However, analysts at Bloomberg predict that the market cannot sustain these prices for the long… Read More
Second Half, Second Thoughts
Many industry observers predicted that in the second half of 2016 prices would rise and oil companies would experience better times. However, according to an article in “Rigzone” many oil and gas operators are not betting on a rally. Last year, July was a brutal month with prices dropping 21% and some fear that history… Read More
