Shale Oil Is a Ponzi Scheme Bcause of Its Unique Production Process

 

Shale oil is unique in the way it is produced because it yields a very front-loaded result. Shale producers get 50% or more their oil in the first year that a well is in service. The companies continuously drill new wells to be at peak production levels and keep the cash flow strong. As a result, there has been a massive amount of capital that has come into the market to chase these investments. Ultimately what happens is

What low oil prices mean for natural gas

 

With oil prices down, natural gas will likely become a more important revenue source for many oil and gas companies. Some firms will go a step further by expanding their natural gas portfolios to position themselves as industry leaders in the years to come, says Peter Parry, practice leader of Bain's Oil & Gas practice.

PwC's Oil & Gas Leader discusses the industry

 

PwC's Global Oil & Gas Leader, Ross Hunter, discusses the evolving state of the industry, and the major challenges companies face today.

CGEP: India's Energy Future

Panelists discuss the future of the Indian economy and energy.

CGEP: EIA's Annual Energy Outlook 2015 Adam Sieminski, Administrator, EIA

The Center on Global Energy Policy hosted a presentation and discussion with Adam Sieminski, Administrator of the U.S. Energy Information Administration, of EIA's Annual Energy Outlook (AEO) 2015. The AEO 2015 presents long-term projections of U.S. energy supply, demand, and

The Stream - #ShellNo: The Arctic Oil battle

 

Threats of catastrophic climate change rile #ShellNo activists opposed to Arctic oil exploration

Mireille Toulekima on African oil and gas sector

 

Africa is on an upward growth curve. Resources generally, oil and gas specifically, have played an important role in this growth. It is therefore not surprising that investors are optimistic about the potential for growth in the African oil and gas sector. With rising global energy demand, the oil and gas industry has a wide range of challenges and opportunities across the upstream, midstream, downstream and oilfield services sectors. To take us through those challenges and as well as opportunities, we are joined in studio by Mireille Toulekima - The Subsurface Team Leader for SASOL Exploration and Production International and she provides this leadership role on their gas Assets in Mozambique.

Benefits of API Spec Q1 Q2

 

Learn the benefits of API Spec Q1 and API Spec Q2 for companies that provide manufacturing or services to the oil and gas industry.

Canada AM: Oil and gas prices

 

Dan McTeague from Gasbuddy.com says currency exchange and high taxes are among the reasons behind the discrepancy in prices.

BP Shipping 100

Watch the story of BP Shipping in this video celebrating its centenary. To find out more about BP Shipping, its operations and its history visit

Oilserve positions itself as a major oil/gas player in Nigeria

 

Oilserv, is a Nigerian servicing company with notable achievements in engineering, procurement and construction in the Oil & Gas space. It is using state of the art technology to build pipelines across West Africa. Corporate access opens a window to the company handling the biggest gas pipeline installation in Nigeria. CNBC AFRICA’s Onyi Sunday reports.

BP India Energy Outlook 2035

A look at BP’s commitment to help energise India through the years. A story of energy, technology, progress and commitment.

IHS CERAWeek Interviews BP CEO Bob Dudley

IHS Vice Chairman Dan Yergin interviews BP CEO Bob Dudley at CERAWeek in Houston, Texas. Bob Dudley addresses BP’s Energy Outlook 2035, oil prices, and the Lower48 Group.

SOUTH AFRICA: Exploring Thorium as favourable Energy Generator

 

Thorium is characterised as a safer, less expensive, and simpler form of energy generation than uranium reactors and it could help provide clean water. To explain how this all works, CNBC Africa's Nozipho Mbanjwa is joined by Trevor Blench, chairman of Steenkampskraal Thorium Limited.

Santa Barbara coast devastated by nightmare oil spill

 

It is one of only five climates of its type in the world, but California's Gaviota coast in Santa Barbara county, is facing an ecological "disaster":http://www.theguardian.com/environmen... from which say some experts it may never recover. Some locals are already calling it a "nightmare".

The Houston-based Plains All-American pipeline company says nearly 400,000 litres of crude oil have spilled on land and at sea.

Chevron’s Shipbuilding and Fleet Modernization Program

 

Chevron is currently undertaking the largest shipbuilding and fleet modernization program in recent corporate history. As part of this program, the company will be taking delivery of six new LNG tankers to support our growing role as a leader in LNG.

India attracts spot LNG cargoes as demand from Northeast Asian buyers slumps

 

LNG sellers have been forced to look for alternative markets for spot cargoes, and the focus is shifting outside traditional Asian markets. Stephanie Wilson, Platts managing editor for LNG in Asia, looks at the role the India in the LNG spot market and its geographical location to attract cargoes from both the Atlantic and Asia Pacific basins, as well as the emerging relationship between the Japan Korea Marker and the UK National Balancing Point.

Trading Crude Oil Futures: WTI vs. Brent

 

This is 'old but gold'...

 

Presented by Dan Gramza, President of Gramza Capital Management, and Pete Mulmat, Director of Education at CME Group
Oil is arguably the world's most important commodity. Crude and its derivatives are found virtually every aspect of modern life. However, the types of oil vary, as do the different benchmarks for crude oil prices around the world. Many may not realize that oil drilled in Texas isn't generally the same product that comes from the North Atlantic. Dan Gramza and Pete Mulmat examine the relationship between two benchmark oil futures contracts: WTI (West Texas Intermediate) and Brent. CME Group offers liquid, deep markets in both products, enabling traders to exploit price movements between them.

FIVE POINTS- Philip Andrews-Speed on Reforming China's National Oil Companies

We bring you 5 salient points from a recent commentary made by Philip Andrews-Speed on the current direction for reform of the Chinese National Oil Companies: PetroChina, CNOOC and SINOPEC.

 

Philips Andrew-Speed is a specialist in International Energy Policy and Regulation.

1. Big bang or Small Steps; wholesale restructuring or incremental reforms? Far from predictable outcomes.

2. Genesis of restructuring was in 1998 when SINOPEC, PETROCHINA and CNOOC were restructured, commercialized and listed on international stock markets.

3. A culture of rent seeking, corruption, poor capital management and slowdown in improvements in commercial and technical performance exists on the Chinese home front.

4. Local Chinese companies, out of their lack of experience in gas exploration, could not

Saudi Arabia on fossil fuel cuts

 

Saudi Arabia's oil minister, Ali al-Naimi, has said the kingdom could phase out the use of fossil fuels by the middle of the century. The FT's Anjli Raval and Guy Chazan discuss the surprising remarks by the world's largest crude exporter.

Shippers Forum on Oil & Gas by Liege Airport

       

With over 200 Charters at the Liege Airport...all destined for Africa it is little wonder that the Airport is a credible voice in discussing Oil, Mining and Gas Equipment shipping to Africa.

Insightful.

Iran Today - 20th int’l oil and gas exhibition in Iran

Iran held the 20th International Oil, Gas, Refining and Petrochemical Exhibition on May 6 for a 4-day period while there are high hopes that, by June 30, the country will clinch a final accord with the P5+1 group on its nuclear program.

The show came to an end on May 9 after four days in the capital city, Tehran. Aimed at attracting foreign investment and cooperation in petroleum projects, the show was mounted at a time when the country’s oil and gas industries, badly hit by Western sanctions, are in dire need of state-of-the-art technologies and economic support.

Emerging trends in East Africa's oil & gas sector



East Africa's Oil & Gas sector continues to generate a lot of interest especially with more discoveries of oil in Kenya and new licensing round in Uganda. However there are still pertinent issues such as local content inclusion and legal frameworks that need to be addressed. CNBC Africa's Claire Muthinji spoke to Dolapo Oni the head of energy research at Ecobank for more.

Biomass to Renewable Fuels | Oil & Gas | Honeywell

RTP™, or rapid thermal processing technology, is a fast thermal conversion process used to convert cellulosic biomass feedstock, usually forestry or agricultural residuals, into RTP green fuel—a light, pourable, clean-burning liquid biofuel. 

Goldman Sachs Predicts Oil Prices Will Retrace to Lows by October

 

 

Oil prices fell for a fifth day on Tuesday, and Goldman Sachs (GS) analysts believe they're going to drop much further. Although oil prices are trading at their highest level since December, driven by the quick reaction by U.S. producers as well as a large demand response, according to analyst Damien Courvalin, the global market imbalances are not solved and 'the rally will prove self-defeating.' He notes that

Oil price plunge leads to project cuts

Oil prices have plunged since last summer, leading energy companies to slow, postpone or cut about $100bn of spending on new projects. The FT’s Christopher Adams and Guy Chazan discuss the projects being axed and the wider implications for the oil market.

The future of oil supplies

At the Financial Times Energy Strategies conference in New York, leading figures in the industry discuss the outlook for oil supplies and prices. Has the fall in crude prices stopped the US shale industry in its tracks, or are we now in a new world where oil demand can be met at lower prices than in the past few years? Ed Crooks, US industry and energy editor, hears the arguments.

Economic race to extract Arctic resources

Some estimates suggest the Arctic holds around 13 percent of the world's undiscovered oil reserves and almost a third of its gas. That means great economic potential for the five different countries which claim territorial rights - Canada, Denmark, Norway Russia and the US. However, oil prices need to be around $80 per barrel to make production viable and environmental concerns are also expected to impact on drilling prospects. Al Jazeera's Erica Wood reports.

Inside Story: The Arctic drilling controversy

 

Get some unique perspectives on the race for additional reserves which has assumed a new frontier in the arctic

BP Alaska: Unmanned Aerial Vehicle (UAV) Pilot Testing

 

In Prudhoe Bay, Alaska, BP conducted pilot testing of Unmanned Aerial Vehicle (UAV) technology to enhance pipeline inspection and safety. Equipped with high-resolution cameras, the Aeryon Scout provides visual inspections of equipment, helping crews assess and respond to maintenance needs. The small rotor-wing aircraft is flown from a hand-held tablet computer.

This testing was carried out at BP in 2012. Three years on, how is the use of UAVs catching on around the world?

T. Boone Pickens: Oil Tycoon For Clean Energy | Mad Money | CNBC

 

T. Boone Pickens on recent Oil Price Trends, etc

Super Tanker: LNG Carrier

 

 

A gas carrier (or gas tanker) is a ship designed to transport LPG, LNG or liquefied chemical gases in bulk

An LNG carrier is a tank ship designed for transporting liquefied natural gas (LNG). As the LNG market grows rapidly, the fleet of LNG carriers continues to experience tremendous growth.

The majority of LNG carriers are between 125,000 and 135,000 m3 in capacity. In the modern fleet of LNG carriers, there is an interesting exception concerning ship size. This is the introduction of several smaller ships of between 18,000 and 19,000 m3 having been built in 1994 and later to service the needs of importers of smaller volumes.

Super Pipeline: Ormen Lange/Langeled

 

The Langeled pipeline (originally known as Britpipe) is an underwater pipeline transporting Norwegian natural gas to the United Kingdom. Before the completion of the Nord Stream pipeline, it was the longest subsea pipeline in the world.

The project was launched under the original name Britpipe. In October 2003, Royal Dutch Shell, ExxonMobil and Statoil signed agreements to supply natural gas through the Britpipe. The pipeline's construction began in 2004. The largest part of the pipeline was installed by Acergy Piper, a pipe-laying ship of Acergy. Other pipe-laying ships, which were used, are Solitaire of Allseas, and Saipem 7000 of Saipem.

Super Rig: 'Troll A' Gas Platform

 

The Troll A platform is a condeep offshore natural gas platform in the Troll gas field off the west coast of Norway. It is the tallest structure that has ever been moved to another position, relative to the surface of the Earth, and is among the largest and most complex engineering projects in history. The platform was a televised sensation when it was towed into the North Sea in 1996, where it is now operated by Statoil.

Troll A was built by Norwegian Contractors for Norske Shell, with base construction beginning in July 1991 at a cost of 4150 million NOK, or approximately

Oil Tankers

An oil tanker, also known as a petroleum tanker, is a merchant ship designed for the bulk transport of oil. There are two basic types of oil tankers: the crude tanker and the product tanker. Crude tankers move large quantities of unrefined crude oil from its point of extraction to refineries. Product tankers, generally much smaller, are designed to move refined products from refineries to points near consuming markets.

Oil tankers are often classified by their size as well as their occupation. The size classes range from inland or coastal tankers of a few thousand metric tons of deadweight (DWT) to the mammoth ultra large crude carriers (ULCCs) of 550,000 DWT. Tankers move approximately 2,000,000,000 metric tons (2.2×109 short tons) of oil every year. Second only to pipelines in terms of efficiency, the average cost of oil transport by tanker amounts to only two or three United States cents per 1 US gallon (3.8 L).

OTC 2015 - Wednesday Headlines

 

Technology, expertise, and best practices. Safety is a key part of the technical program this year at OTC 2015, along with collaboration. See the highlights from Day 3.

Crude Oil At A High For The Year | CNBC

 

Oil prices are at their highest level of the year.

OTC 2015 - Tuesday Headlines

 

On Tuesday at OTC, programs highlighted the challenges and opportunities for energy professionals -- offering insight into how they are coping with the downturn in the face of current oil prices.

OGEgraphics Oil and Gas Model Making of Subsea Installations

 

OGEgraphics Oil and Gas Model Making of Subsea Installations

OTC 2015 - Monday Headlines

 

Game-changing technologies. Big ideas. Valuable international connections. And the most advanced technical knowledge. This is OTC 2015!

National Security Implications of New Oil and Gas Production Technologie...

 

A major new study investigates how changing trade flows and energy revenues affect U.S. national security via two potential mechanisms: shifts in U.S. bilateral relationships with oil-exporting countries and disruptions in regional security. CATO lead researcher, Eugene Gholz, presents the findings, followed by comments and discussion among experts in the field.

Shell Alaska Oil Spill Response Animation

Shell’s plans include drilling exploratory wells in Alaska’s Chukchi Sea. Shell’s Alaska program has gone to great lengths to make sure a worst-case scenario, such as an oil spill, never takes place. But in the unlikely event that one did, Shell’s onsite oil spill response assets would be deployed within one hour. Shell Alaska maintains a highly capable emergency response planning and management program.

Oil majors report earnings ahead of expectations

 

Oil and Gas Majors....performance in a nutshell

Shell's 3 steps to heaven

The integrated oil company model has shown its worth in times of low oil prices, but Royal Dutch Shell has unconventional problems. Lex's Robert Armstrong and Alan Livsey discuss how the group is overcoming this with an alternative three-prong plan.

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What the Saudi shake-up means (for Oil)?

 

What will King Salman bin Abdulaziz al-Saud's shake-up of Saudi Arabia’s royal succession and key ministerial positions mean for the country and beyond? Foreign editor Roula Khalaf and the FT's Hugh Carnegy look at the timing of the changes and their likely impact.

A Legacy Story: Protecting the Bering Sea and Bristol Bay from Offshore Oil & Gas Drilling

 

A Legacy Story chronicles the long struggle over decisions about opening Bristol Bay and the southeast Bering Sea to offshore oil and gas drilling. Since the 1970s, people dependent on the region’s rich marine resources have been undaunted in an effort to protect these waters. On December 16, 2014, President Obama announced that the region would be permanently withdrawn from consideration for oil and gas leasing. The federal government agreed that the priority should be placed on sustaining traditional ways of life and the high value commercial fisheries in the region, and that offshore drilling presented risks that were not worth taking.

The story is told from the perspective of those on the front lines – leaders in the region and the seafood industry, past governors and former Interior Department secretaries. By documenting this story, future generations will remember the history, value the enduring effort made to permanently set Bristol Bay and the southeast Bering Sea aside from oil and gas leasing, and be supported in safeguarding the region into the future.

A Legacy Story was created by the Alaska Marine Conservation Council and Nunamta Aulukestai.

Tesla's Elon Musk Unveils Batteries to Power Homes

 

Tesla Motors CEO Elon Musk unveiled a line of home and industrial battery packs late Thursday, representing a strategic shift as his money-losing electric car company tries to break into a crowded energy storage market Photo: Bloomberg

Energy Giant Posts Plunging Profit Like Its Peers But Refining Helps It ...

 

Chevron (CVX) became the latest energy company to report lower quarterly profit on Friday, weighed down by the plunge in oil prices, yet results still beat expectations. The company reported net income of about $2.5 billion, or $1.37 a share, down from about $4.5 billion, or $2.36 a share, a year ago, but easily topping analysts' expectations of $0.79 a share, according to Thomson Reuters. As with some of its peers like Exxon (XOM), the company's refining unit aided results. Earnings in Chevron's refining business more than doubled to about $1.4 billion, as low oil prices helped margins. The company said production grew 4% to nearly 2.7 million barrels of oil equivalent a day.

Sen. Murkowski on push to lift U.S. oil export ban

 

Sen. Lisa Murkowski, (R-Alaska), on the proposal to end the ban on U.S. oil exports.

Peter Maier’s keynote at the International SAP Conference on Oil and Gas...

 

Peter Maier’s keynote at the International SAP Conference on Oil and Gas and Utilities - “The Industry Road to SAP S/4 HANA”

Discover how your industry can run simple with SAP: https://spr.ly/SolutionExplorer

5 Industry Topics that 9 out of 10 Pros Wish They Knew When Starting in ...

 

Oil & Gas 101 to educate you about oil and gas to get you the better jobs in the industry that you deserve.

Energy: Big Oil Earnings Show Why Diversification is King

 

 Fool Analysts Tyler Crowe and Taylor Muckerman dig into Big Oil's recent earnings results and find some interesting tidbits about oil prices and why the integrated business model has been successful for so many years in the world of oil.