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Your Weekly Update: 17 - 21 December 2018

When comparing the financial positions of U.S. oil producers as of the third quarter of 2018 with the third quarter of 2014, most measures of profitability and balance sheet fitness indicate companies should be able to weather the recent price downturn. Given the different price levels, oil compa ...

Hui Shan


Posted 4 months agoLink > Oiloil and gas newsOil and Gas Industry +7

Reactions to Delaware Basin News Shows Misunderstanding of Petroleum Economics by Dr. Daniel Fine

News of the size of oil reserves in the Delaware Basin (New Mexico's share of the Permian) while OPEC was deciding how many barrels it will cut from the world market to lift prices caused epic confusion – and revelations of how little “authorities” and the media understand petroleum economics. The ...

Will Fine


Posted 4 months agoOpinion > OPECNon-OPECNOPEC +91

Your Weekly Update: 10 - 14 December 2018

There is so much shale liquids sloshing underneath the Permian formation in Texas and New Mexico, that even though it has already upended global crude market and turned the USA into the world's largest crude producer, there is still so much of it trapped inland, unable to make the 800km journey to ...

Hui Shan


Posted 5 months agoLink > Oiloil and gas newsOil and Gas Industry +7

Analysis: Trump and Saudi Collision on Oil, and Bingaman’s Return to Santa Fe

In an earlier column, readers overseas benefited from this writer's forecast that crude oil prices would fall dramatically because most commodity traders got it wrong. Simply, this column's analysis was the buying of oil assumed a shortage would result once the sanctions against Iran would be activ ...

Will Fine


Posted 5 months agoOpinion > Senator BingamanBingamanSanta Fe +71

Ineos & ConocoPhillips Conduct Exclusive Talks for North Sea Assets

INEOS (Ineos), a UK-based multinational chemicals company, is reportedly in exclusive talks with ConocoPhillips, an American multinational energy firm, for the acquisition of ConocoPhillips' assets inside the North Sea. Reports cite, the deal could potentially transform the London-based chemicals ...

Jui Kate


Posted 5 months agoPress > OilEnergyBusiness +3

ExxonMobil, Chevron Consider Mulling Dids for Endeavor Energy

Leading oil and gas giants Exxon Mobil Corporation and Chevron Corporation are reportedly among the companies considering first-round bids to acquire oil producer Endeavor Energy Resources LP. As per trusted sources, Endeavor is currently valued at around USD 15 billion including debt. Reportedly, ...

Jui Kate


Posted 6 months agoPress > OilEnergyPower +4

Siemens Gamesa Bags 176.8 MW Wind Energy Contracts From ReNew Power

Reports confirm that Siemens Gamesa Renewable Energy SA has won contracts for building and equipping 176.8 MW of wind power projects in India for ReNew Power, an independent power producer (IPP). The company will establish a 100.8 Megawatt (MW) wind farm, in the Kutch district of Gujarat and a plant ...

Jui Kate


Posted 6 months agoPress > Oilgaswind +6

Acciona to Invest in Renewable Energy & Infra Projects in Philippines

Acciona S.A., a Spanish infrastructure company, has reportedly announced the expansion of its operations in Philippines and plans to recruit more manpower as it looks for opportunities in the renewable energy sector in collaboration with a local company. Reports cite, Acciona is weighing the poten ...

Jui Kate


Posted 6 months agoPress > EnergyOilPower +2

Saudi Aramco to Acquire Stakes in a Mega Oil Refinery in China

Saudi's Aramco is reportedly planning to buy a stake in an upcoming major Chinese refinery. It is the company's new investment in the world's largest oil market as it follows a strategy of procuring avenues for oil sales. Abdulaziz M Al-Judaimi, Senior Vice President of downstream operations at Ara ...

Jui Kate


Posted 6 months agoPress > OilOil and GasEnergy +5

Your Weekly Update: 8 - 12 October 2018

However, crude oil with API gravity of 40 to 50 degrees accounted for the largest share of Texas production, at 55%, in 2017. About 90% of North Dakota's 2017 crude oil production had an API gravity of 40 to 50 degrees. In 2017, 7.6 million b/d (96%) of imported crude oil had an API gravity of 4 ...

Hui Shan


Posted 7 months agoLink > Oiloil and gas newsOil and Gas Industry +7

Dr. Daniel Fine: Trump and Oil in Trade Geopolitics

Unlike 1973, and its oil embargo against the United States, there is no supply threat from the Middle East. Consequently, only a demand unknown moves the price of crude oil. Permian/Delaware has displaced the Middle East as a source and even Mexico imports U.S. production.  This has caused euphori ...

Will Fine


Posted 8 months agoOpinion > United StatesMiddle EastPermian +69

Analysis: What's Next for Oil and Gas Prices After Putin-Trump Summit? by Dr. Daniel Fine

(Photo: Pablo Martinez Monsivais,/AP) The opposition in Congress wants to see a transcript of what President Donald Trump and Russian President Vladimir Putin talked about for two hours alone. No doubt some of that time was spent discussing OPEC and the price of oil. This is abov ...

Will Fine


Posted 9 months agoOpinion > Donald TrumpPresident of the USAPresident +56

Dr. Daniel Fine: Oil – Before and After the November Election

The Trump Administration is moving towards less royalty rates on Federal land leases, less Bureau of Land Management discretion on Environmental Protection Act obstruction on the Application for Petroleum Drilling process, less coal and nuclear power generation decline, and less oil supply confiden ...

Will Fine


Posted 10 months agoOpinion > Ryan zinkeDonald TrumpPresident Trump +66

Fine: No Such Thing As 'Free Trade' With OPEC as a Cartel

Among some speakers at the 2018 Four Corners Oil and Gas Conference last month in Farmington there were evasive positions on the future of OPEC. Also, previous online or media positions of “free trade” were muted to be popular with the oil, gas and equipment operators who made up those in attendanc ...

Will Fine


Posted 11 months agoOpinion > Kingdom of Saudi ArabiaSaudi Arabiasaudi +68

NrgEdge - Your Weekly Update: 2 - 6 April

Headline crude prices for the week beginning 2 April 2017 – Brent: US$67/b; WTI: US$63/b After the Easter break, oil prices started the week on a weaker note as geopolitical development exacerbated operational concerns. Chatter in the market suggests that Saudi Arabia will be cutting the price f ...

Easwaran Kanason


Posted 1 year agoOpinion > nrgedgenewsOilandGas +2