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Shale Revolutionizes LNG Market
While the oil related impacts of the shale revolution are profound and well documented, the effect of shale gas on energy markets has been relatively modest. When there have been spikes in demand for natural gas, shale volumes have entered the market pre-empting or mitigating any price increases. However, a recent article in “World Oil”… Read More
A Tale of Two Cities
“It was the best of times, it was the worst of times.” So begins the famous novel by Charles Dickens describing London and Paris respectively at the close of the 18’th century. According to a recent article in “World Oil”, the same could be said about Karnes City and Smiley, Texas. Both of these small… Read More
Battle for Market Share
“World Oil” cites the April monthly report recently issued by the International Energy Agency (IEA) which contends that the battle over global market share, and its impact on oil prices, has just begun. The Paris based body which is the advisor to 29 industrialized nations predicts oversupply, and consequently, low prices in the coming months.… Read More
Shale Production Slides
According to a recent article in “World Oil”, shale oil production will drop over 54,000 barrels per day (bopd) in May, or about 1%. A further drop of approximately 86,000 bopd is anticipated in June, per a recent report by the Energy Information Administration. These production declines are primarily attributable to the Bakken shale in… Read More
Noble to Buy Rosetta
“Rigzone” reports that Noble Energy, Inc. will buy Rosetta Resources for $2 billion and assume its debt of $1.8 billion. The transaction is the latest in a series of combinations driven by the recent collapse of oil prices. The acquisition will be a stock swap. According to recent market valuations, Noble is paying a premium… Read More
