Latest Opinions


Oil price, President Energy, Gulf Keystone, Impact Oil & Gas (FAR), And finally…

Oil price A welcome bounce for oil producers yesterday and carried on this morning in early trading. The usual irony of Libyan production and exports was to be seen, as within 24 hours they had shipped a full tanker of crude and then, after terrorist activity, shut-in 252/- b/d of crude oil. Addi ...

Malcolm Graham-Wood - Malcy's Blog


Posted 4 hours agoOpinion > Malcy's BlogPresident EnergyGulf Keystone +1

A new funding solution is needed for oil decommissioning

By Nicholas Newman At the time of writing, we are seeing an increasing number of media reports detailing the huge numbers of abandoned oil wells in Alberta and Texas.  In addition, governments and the industry are experiencing growing concern over the increasing costs of decommissioning and reinsta ...

Nicholas Newman


Posted 5 hours agoOpinion > DecommissioningFinancealberta +3

Nigeria’s local firms flex their muscles overseas

Nigeria's local content capacity is regularly overlooked. Our home-grown companies are cast in the shadow of the multinational oil majors like Royal Dutch Shell Plc, Exxon Mobil Corp., Chevron Corp., Total SA and Eni SpA, which currently produce about 90 percent of our crude. But change is afoot and ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 14 hours agoOpinion > South SudanlocalcontentNigeria +6

Saudi tax cuts adds USD 1 trillion to corporate valuation of Saudi Aramco

Rystad Energy's valuation of Saudi Aramco's upstream portfolio has increased by about $1 trillion following Saudi Arabia's announced tax rate reduction. Yesterday the Kingdom of Saudi Arabia announced that the tax rate for the petroleum industry would be reduced from 85% to 50%. This change implies ...

Julia Weiss


Posted 17 hours agoOpinion > Rystad EnergySaudi Aramcoupstream

Oil price, Sound Energy, FAR Limited, Sundry-Bowleven-Genel-Petrofac- And finally…

Oil price More drift yesterday as oil markets found the assorted communiques from the Kuwait meeting confusing which was probably the idea from the start. Russia is talking the talk but is yet to fully deliver and as we approach monthly confession time oil may have a bumpy ride. If all is well the ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 day agoOpinion > Malcy's BlogSound EnergyFAR +3

On the brink of progress in the Delta?

Last month I was very interested to read the announcement from our esteemed Minister of State for Petroleum Resources, Dr Emmanuel Kachikwu. He may have been speaking at the Nigerian Oil and Gas (NOG) Conference , but in reality he was addressing the world. His message was this: that the Federal Go ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 1 day agoOpinion > 2017 Oil industry PredictionsNigerialegislation +2

What A Westinghouse Bankruptcy Could Mean For U.S. Utilities

International news services now report that Japan's Toshiba Corporation (9502.T) is preparing to make a chapter 11 bankruptcy filing for its Westinghouse Electric subsidiary as soon as this Monday, March 27. For most of our readers this news evokes little surprise. This is merely another chapter of ...

Oilprice Staff


Posted 1 day agoOpinion > WestinghouseBankruptcy

Oil price, Hurricane, Amerisur, Jersey Oil & Gas, Primeline Energy Holdings, Sundry-Wood Gp-Bowleven-Sirius-IOG-And finally…

Oil price Last week saw a modest but continued fall in oil prices, WTI was down $1.34 and Brent 96 cents. Downward forces just exceeded upward ones and on Friday the rig count showed a rise of 20 overall to 809 and in oil of 21 to 652. The meeting of the Opec/Non-Opec monitoring committee took pla ...

Malcolm Graham-Wood - Malcy's Blog


Posted 2 days agoOpinion > Malcy's BlogHurricane EnergyAmerisur Resources +6

Give us a Carbon Tax!

It seems like the Majors (and some of their NOC friends) are aligned in appealing for a Carbon Tax, specifically a tax on carbon emissions from oil & gas operations. The cynics amongst you might question the motives of the folk appealing for this – does it ‘knife' a significant number of competitor ...

David Bamford


Posted 2 days agoOpinion > Carbon TaxShellPremier Oil +1

Take Unconventionals Offshore!

Conventional petroleum provinces in NW Europe range from mature to very mature, and thus it seems that future will be defined in terms of shale oil/gas and “marginal discoveries” (the OGA estimates that there are ~350 unsanctioned discoveries in the UKCS). However, let me introduce to you the intri ...

David Bamford


Posted 3 days agoOpinion > North Seashale oilMarginal Discoveries +2

Oil price, SDX Energy, Lamprell, And finally…

Oil price Both crudes are likely to be down slightly on the week as the bears think they are winning the battle but the bulls still have more fire power. High inventories have spooked a touch but as warned before, it is often like that at this time of the year when it is sometimes better to look a ...

Malcolm Graham-Wood - Malcy's Blog


Posted 4 days agoOpinion > Malcy's BlogSDX EnergyLamprell

The Wooden Spoon!

https://en.wikipedia.org/wiki/Wooden_spoon_(award ) Yet another article from the Daily Telegraph , this time reporting on the IEA's warning that “$1.3 trillion of oil and gas could be left stranded”. Now this is interesting as they are seeing that the Majors are recognising the risk and securing ...

David Bamford


Posted 6 days agoOpinion > Stranded ResourcesCarbon CaptureE&Ps +1

Evolution of the major oil company logos

BP In May 1908 a group of British geologists discovered a large amount of oil at Masjid-i-Suleiman in Mohammerah, today the Iranian province of Khuzestan. It was the first commercially significant find of oil in the Middle East. William Knox D'Arcy, by contract with the Emir of Mohammerah, Sheikh ...

OilVoice Press


Posted 6 days agoOpinion > BPTexacoChevron +2

Oil price, Rockhopper, Sound Energy, And finally…

Oil price A mixed day yesterday, it might have been worse as the EIA inventory stats were worse than forecast at a build of 4.95m barrels against expectations of +1.77m. Crude did stage a late comeback which saved the day to a certain extent. More on the OGA licences later when I have looked at th ...

Malcolm Graham-Wood - Malcy's Blog


Posted 6 days agoOpinion > Malcy's BlogRockhopper ExplorationSound Energy +1

An OPEC Deal Extension Isn't As Simple As It Sounds

It's been six months now that oil prices have been reacting to OPEC, first to the possibility of an agreement, and then to the production cut deal itself, forged by OPEC to rebalance the market. The deal--initially aired as ‘an agreement to agree on a deal' in September and signed at the end of Nove ...

Oilprice Staff


Posted 7 days agoOpinion > oil priceOPEC
Last fetch 3/30/2017 12:45:09 AM