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Microbes to the Rescue
From drilling to refining, chemistry has long played a pivotal role in the oil and gas industry. Now, according to an article in “Rigzone”, its sister science, biology, appears poised to play a major part as well. Advances in genetic engineering, genome sequencing, and imaging have resulted in major advances in a number of areas. … Read More
Zika and GTL
In previous posts I have talked about the overabundance of natural gas on the domestic market as a consequence of the shale revolution. This surplus gas has predictably led to low prices, which has in turn led operators to search for new markets. Pipeline sales to Northeast Canada and Mexico, liquefied natural gas exports, renewed… Read More
Pickens Buys In
Legendary oil investor, T. Boone Pickens, is apparently betting on an oil recovery. Last February he made headlines saying he had liquidated his energy holdings, saying “The low is in. Just don’t get in a rush here. You’re going to have plenty of opportunity. The market is going to be volatile. It’s not going to… 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