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New OK Gas Plant
“World Oil” reports that Asset Risk Management (ARM), in partnership with Highbridge Principal Strategies, will build gas gathering, gas processing and crude gathering facilities in the STACK area of Oklahoma. The Kingfisher Midstream project will provide infrastructure to area operators and support expanded production in Kingfisher, Blaine, Logan, Garfield and Canadian counties. Facilities are expected… Read More
EOG Resources Optimistic
“Rigzone” reports that in comments at Barclay’s Energy-Power Conference, EOG’s Chief Executive Officer, Bill Thomas, indicated that he is excited about the prospects for 2016. Yes, like the rest of the industry, EOG has experienced layoffs and budget cuts in response to the oil price collapse. In fact, EOG had to reduce the number of… Read More
Oil Price Optimist
“World Oil” reports that Andy Hall, a well-known hedge fund manager with Astenbeck Capital Management, defies the prevalent oil market mood of gloom and doom. While he admits that times are tough, he does not see that current situation as a replay of the busts of 1998 and 2008. Yes, prices have dropped by more… Read More
Soft Global LNG Demand
“World Oil” cites analysis by the consulting group, Wood Mackenzie, which indicates that in spite of weak demand and possible oversupply, a large number of additional LNG projects are still being considered. This is in stark contrast to 45 major upstream project cancellations. Current global LNG capacity is around 250 million tons per annum (MMtpa)… Read More
Shale Operators New Swing Producers
For some time now many industry observers have speculated that U. S. shale operators are becoming the new “swing producers” in the world oil market. “World Oil” recently cited remarks by Olivier Appert of the French Committee of the World Energy Council, who has added his voice to the chorus. Until the 1970’s the global… Read More
