Latest Opinions


Shift happens: The slow apocalypse coming for the shipping industry

Take a seat, Nostradamus: I've got some news. To quote the rock band REM, it's the end of the world as we know it. Like the recent gatherings preceding it, speaker after speaker at the Platts 5th Annual Mediterranean Bunker Fuel Conference in Athens last week discussed the ifs, whats and hows of th ...

OilVoice Press


Posted 1 month agoOpinion > PlattsShipping

OPEC. Lessons on the Oil Pudding

The price of Brent has gone up and we can expect an increase concerning other commodities. At sight if this agreement sticks and shale oil in the US is not increased we can really see smiles on oil producing countries including Russia. OPEC has shown in the past that it can unravel markets, bicke ...

Hilton Hannibal - Oil Political Diligence


Posted 1 month agoOpinion > OPECoil priceAbu Dhabi National Oil Company ADNOC

African Energy Economist: Subsidizing Nigerian inefficiency

Fuel subsidies in Nigeria remain a thorny issue. State support for gasoline and diesel prices, both directly at the pump and through subsidies for fuel imports, places a huge burden on the national finances. A government report calculated that $8 billion out of total federal state expenditure of $22 ...

OilVoice Press


Posted 1 month agoOpinion > AfricaDieselGasoline +2

OPEC in Crisis Meeting to Limit Oil Production

An important meeting took place in Vienna on Monday as oil producers looked to try and make a rescue deal which would place limits on the production of oil in order to try and rebalance the oil market prices. OPEC, the group who are accountable for around a third of the World's oil met up with t ...

Ben Barlow


Posted 1 month agoOpinion > OPECProduction

Oil price, Sound Energy, Providence Resources, Faroe Petroleum, CEO Interview, And finally...

WTI $47.96 -7c, Brent $48.95 -17c, Diff -$0.99 -10c, NG $3.03 +4c Oil price A very Happy Thanksgiving to the many readers over the pond.... If I had written a blog yesterday the oil price piece might have said that the Opec technical committee had proposed that a 4-4.5% cut excluding Nigeria ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > oil priceSound EnergyProvidence Resources +2

Changing the way drilling engineering work gets done

Technology's paradigm shift Until a decade ago, primary consumers of technology in the oil and gas industry were buddy-buddy relationships and/or central teams which drove the agenda for where dollars were invested and how innovation happened. Fast forward to today where a typical large enterpr ...

amit mehta


Posted 1 month agoOpinion > MobilizeDrillingEngineering +1

Encana cuts debt by largest amount for E&P TSX companies in past year

Debt reduction has been a hot topic in past year in Canada, as companies adapted to a lower-for-longer price environment. Out of 70 domestic and international producers listed on the TSX, Q3 2016 data available in CanOils reveals that Encana Corp. (TSX:ECA) has cut debt by the largest monetary val ...

Mark Young


Posted 1 month agoOpinion > Canadae&ponshore +2

Oil price, Sound Energy, Independent Oil & Gas, David Morrison, And finally...

Oil price The fact that the prices above, being the Friday night close, are out of date by well over two dollars indicates that the meeting in Vienna on Saturday between Opec and Non-Opec countries was deemed to be a success. As I write, WTI is $54.09 and Brent is $56.77, indicating that for the ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Malcy's Blogoil priceSound Energy +1

Upstream M&A in Canada exceeds Cdn$1.5 billion in November 2016

The value of November's announced M&A deals in the Canadian E&P sector totalled just over Cdn$1.5 billion – a sum almost identical to the equivalent total recorded in October. The full CanOils review of November upstream deal activity can be downloaded here. This month, however, it was more than j ...

Mark Young


Posted 1 month agoOpinion > upstreamCanadamergers +7

A tough year for service companies, but OPEC cuts help the shale exposed

2016 has been a tougher year for most service companies than 2015, and revenues have continued to fall as much as 27% when compared to 2015 on average. Companies exposed to onshore North American activity have seen their revenues diminish even more. While 2015 was the year that service companies ...

Julia Weiss


Posted 1 month agoOpinion > Rystad EnergyOPEC

Oil price, Shell, Petrofac, Sound Energy, And finally...

Oil price Traders told me yesterday that the market was looking to have a correction so when the EIA inventory stats came out, although initially pleasing, they found some dirt. That was in the fact that although there was a useful draw of 2.6m barrels, better than forecast and the API number it ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Malcy's BlogShellSound Energy +1

Amerisur Resources, Pantheon Resources and Thalassa Holdings

Amerisur Resources An update from john Wardle in Colombia this morning which is a bit mixed but with no fundamental problems. The near term production target of 7,200 b/d scheduled to be reached at the end of this year has been put back by a quarter in 1Q 2017, a number of social issues have take ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Amerisur ResourcesPantheon ResourcesThalassa Holdings +1

Malcy on TipTV - CEO interview: Hugh Mackay, Europa Oil & Gas

Europa Oil & Gas CEO Hugh Mackay updates Tip TV viewers about Europa's markets of offshore Ireland and onshore UK. “The company is financed for 2017” says Mackay and adds that the focus in 2017 is to bring Wressle on stream, work on the discovery in Holmwood and start drilling in Atlantic Ireland. ...

Malcolm Graham-Wood - Malcy's Blog


Posted 30 days agoOpinion > Malcy's BlogEuropa Oil & GasHugh Mackay

Oil price, Rockhopper, Amerisur, Faroe, And finally...

Oil price The only major item of note yesterday was a narrowing of the discount of WTI to Brent, this  came partly as traders feel that the the UK pipeline reopening brings more Brent to the market and slightly weakens the relative prices and partly as the gap has simply become too high. Apart fr ...

Malcolm Graham-Wood - Malcy's Blog


Posted 29 days agoOpinion > Malcy's BlogRockhopper ExplorationAmerisur Resources +1

Oil price, Rockhopper, Sundry- Cape- RockRose Energy- Falcon-, Aminex/Solo, And finally ...

Oil price Just as I said that the inventory stats would remain helpful we got one that rather unsettled the market. With the EIA showing a build of 2.3m barrels after an API draw and forecasts of a draw of around 2.4m the market was flummoxed especially as refinery rates were up. It turns out tha ...

Malcolm Graham-Wood - Malcy's Blog


Posted 26 days agoOpinion > Malcy's BlogRockhopper ExplorationRockRose Energy +2

Oil price, Amerisur, Victoria Oil & Gas, Sundry-Faroe-IGTV interview on bucket list.

Oil price The oil market is now almost shut for the Christmas holiday and was solid yesterday on the back of pretty good US economic data. It is worth keeping an eye on the natural gas price which remains firm and is probably likely to remain so. Preliminary numbers on US natural gas consumption ...

Malcolm Graham-Wood - Malcy's Blog


Posted 26 days agoOpinion > Malcy's BlogAmerisur ResourcesVictoria Oil & Gas +1

DW Monday: Expectations for 2017

The past year has undoubtedly been one of the toughest for the oil & gas industry in recent memory. As we enter 2017 we consider three key themes that could shape the industry over the year ahead. A North America-Led OFS Recovery :  OFS markets are expected to bounce back in 2017 and we expect Nor ...

DW Monday


Posted 16 days agoOpinion > DW Monday2017North America

Oil price, Pantheon, Amerisur, And finally…

Oil price 2016 turned out to be a pretty good year for the oil price and the end year comparisons dont tell the whole story about the lows in January and February. WTI ended up with a gain of $16.68, +45% whilst Brent rose $18.85 or 52%. This mornings price are better again, WTI is $54.99 and the ...

Malcolm Graham-Wood - Malcy's Blog


Posted 15 days agoOpinion > Malcy's Blogoil pricePantheon Resources +1

Oil price, Range Resources, And finally...

Oil price The strong dollar hit the crude price yesterday although traders reported some selling of WTI as it hit the landmark $55 level, not seen since June 2015. The US economy looks like it might benefit from some straight talking from the President-elect to the motor industry… Range Resources ...

Malcolm Graham-Wood - Malcy's Blog


Posted 14 days agoOpinion > Malcy's BlogRange Resources

Oil price, Sound Energy, Cape, Sundry-Tullow-Plexus- And finally…

Oil price Another good day for the oil price as the KPC confirmed that it was cutting production in January as part of the Opec agreement. Further good news came from Bloomberg as their survey showed that in December Opec output fell by 310/- b/d to 33.1m b/d. Another vaguely positive number was ...

Malcolm Graham-Wood - Malcy's Blog


Posted 9 days agoOpinion > Malcy's Blogoil priceSound Energy +3
Last fetch 1/19/2017 6:27:49 AM