Our Blog
Occidental Streamlines Operations
According to two recent articles in “Rigzone”, Occidental (Oxy) is selling assets, moving its headquarters, and reconfiguring the company. Oxy is increasingly focusing on the Permian basin in West Texas and New Mexico where it has significant production. Oxy is selling its California unit, the largest gas producer in the state. The Golden State operation… Read More
Shale Competes with Arctic Projects
The February 13 issue of “Rigzone” contains an article entitled “Shale Presents Competition for Arctic Oil, Gas Development”. The headline makes sense when you consider that investors evaluate projects on the basis of perceived risk vs. reward; the lower the risk and the higher the reward, the more likely the project will be funded. Rewards… Read More
OPEC Projects Stronger Oil Demand in 2014
According to an article in “Rigzone” today, OPEC has followed the lead of the U.S. Energy Information Agency (EIA) and projects the demand of crude oil increasing in 2014. Both organizations expect an increase of about 40,000 barrels per day (bopd). While the largest increases in demand still are projected for China and the Middle… Read More
Unconventional Oil and Gas
Ali Moshiri is President of Chevron-Africa and Latin America- Exploration and Production. Earlier today he addressed the Houston Chapter of the American Petroleum Institute. While his remarks were specifically about unconventional energy plays in Argentina, he articulated principles which transcend borders. Unconventional energy includes shale gas and tight oil reservoirs. Unconventional projects do not make… Read More
Oil Briefly Exceeds $100 per Barrel
The price of benchmark U.S. crude for March delivery briefly exceeded $100 per barrel Friday, and closed at $99.88 according to an article in “Rigzone”. Unexpectedly strong demand for gasoline, lower than anticipated supplies of distillates such as diesel and heating oil, and a reinvigorated stock market all contributed to the surge in crude prices.… Read More
