Webinar: Energy Technology Perspectives 2015

 

The IEA publication, Energy Technology Perspectives 2015, is focusing on mobilising innovation to accelerate climate action. Despite a few recent success stories, clean-energy progress is falling well short of the levels needed to limit the global increase in temperatures to no more than 2 degrees C.

Gas & Power Watch: Financial or non-financial? Why EU financial rules matter

 

Platts Siobhan Hall on how energy companies will be affected by EU financial rules intended to tackle the kind of bad behavior in banks that led to the global financial crash.

Energy: Oil Companies Just Can't Seem to Learn from Past Mistakes?

 

As oil drilling has become much less lucrative than it was just a year ago, many smaller companies in the business are starting to fold up shop. Although had they read their oil history text books they would have been ready for this.

On today's episode Tyler and Taylor take a look at why this was probably inevitable and what it could mean for investors long term.

Energy Perspective - a number of milestones and debates

 

In Statoil we make decisions today that have an impact several decades in the future.

Energy Perspective - a number of milestones and debates

 

In Statoil we make decisions today that have an impact several decades in the future.

Fair bid for Dragon Oil

Emirates National Oil Company has improved its bid to buy out minority shareholders in Dragon Oil. Lex's Jonathan Eley and Alan Livsey discuss whether the 750p a share offer is still low.

Petronas Canada Gas Deal Pending Approvals

 

 State-owned oil and gas company Petronas says it will go ahead with the LNG terminal in Canada pending approvals by the British Columbia government. Bloomberg TV Malaysia's Sophie Kamaruddin and Jacalyn Kow discuss what's holding back the USD29 billion project and the outlook for natural gas.

: Game Changers in the Oil & Gas Industry - TiEcon 2015

 

There is a silent TECH revolution Big Data, IoT, & Cloud) going on in Oil and Gas. Find out the ramifications of these game changers

Chinese energy giant helps Ghana develop oil, gas industry

 

China's energy giant Sinopec says it is committed to supporting Ghana to develop its oil and gas industry so that the West African country could derive maximum benefits from its rich hydrocarbon resources.

Exclusive: Interview with David Lenigas, Chairman of UK Oil & Gas - Deco...

 

Watch this exclusive interview with David Lenigas, Chairman of UK Oil and Gas, Rare Earth Minerals and AfriAg. Detailed conversation with David about the Horse Hill developments close to Gatwick Airport. With the announcement of the discovery in April, the shares shot up 164%, and last week the AIM shares were suspended pending an announcement on reserves. Hear about how UK Oil and Gas and his other AIM listed companies are doing.

A UK ‘fracking’ revolution?

 

Lancashire could become the next frontier of oil and gas exploration in the UK, if shale gas explorer Cuadrilla is given permission to start “fracking” in the county. FT energy editor Christopher Adams reports on the plans and the opposition to them.

Diezani Alison-Madueke on Nigeria's Oil Sector

 

Nigeria's erstwhile Petroleum Minister gave an interview in February 2015 about her take on Nigeria's Oil Sector and its contemporary challenges

WEBINAR: Introduction to Risk Analysis using @RISK Oil and Gas Applicati...

Uncertainty is everywhere in the oil and gas industry, with companies placing big bets in hopes of securing even bigger payouts. The end of 2014 and start of 2015 have seen a large decrease in the price of a barrel, so robust modelling of uncertainty is once again paramount.
Palisade invites you to attend a complimentary introductory guided test drive of our @RISK software. We will look at some common applications of @RISK within the oil and gas industry, using a selection of simple-but-powerful example models. These will include reserves estimation, production & NPV forecasting, capital projects estimation, risk registers, oil field development optimisation, and portfolio optimisation.

Originally recorded by Doug Oldfield, Palisade Corporation, on June 11, 2015.

The Future of Russian Gas: Not In China but Europe?

Should Russian gas strategists be focusing on Europe or China for future growth? At first sight the answer looks obvious. There is no choice between fast growing China v. feeble debt ridden Europe. In addition, the Europeans are diverting rapidly away from gas, and Russian gas in particular. However on closer examination lower Chinese economic growth combined with a shift away from fossil fuels is likely to significantly reduce the size of the market for Russian gas. Meanwhile there are opportunities to grow the European gas market as the EU redesigns its climate change and supply security policies.

At first sight it looks like the Russian government made the right call in negotiating the Power of Siberia deal with Beijing.

Low Oil Prices a Tough Balancing Act for Petrostates

Soaring oil prices gave the world’s big crude producers a relatively easy ride for much of the

last decade. But the dramatic slump in prices in the last year proved a nasty shock to the system that left many petrostates struggling to balance their budgets. (OPEC Meeting: Follow our live blog). It’s a painful adjustment. The IMF said last month that the fall in anticipated oil export earnings would amount to $287 billion for Gulf Cooperation Council countries and turn a long-standing current account surplus among oil exporters in the Middle East, North Africa, Afghanistan and Pakistan into a $22 billion deficit this year. Petrostates have responded in different ways to the crash, with some forced to cut spending and devalue their currencies to mitigate the impact of lower oil export revenues. Others, with more substantial fiscal buffers can afford to adjust more slowly. The world’s largest oil exporter, Saudi Arabia, has increased public spending.

That’s reflected in the oil price the countries need to fund government spending. According to data published in May by Deutsche Bank DBK.XE -2.33%, Nigeria and Russia have seen a dramatic decline in their fiscal breakeven oil price, helped by the devaluation of the naira and ruble. The bank predicts that Nigeria needs oil prices of $87.90 a barrel to balance its budget this year this year, down from $118.50 a barrel in 2014. Russia can get by with oil at $78 a barrel, down from $102 a barrel last year. Ultimately though, Kuwait and Qatar will be the only two emerging market oil producers to run a budget surplus this year, Deutsche Bank said.

 

Libya

Break-even price$215.00

2014 production in barrels/day¹0.52 million

 

Price per barrel	Net exports (% GDP)²
June high$115.06	47.4%
Current$64.66	26.7%
Loss in export value	$13.61 billion

¹ Includes crude, natural-gas liquids and condensates.  ² 2013 exports, latest available, measured as percentages of 2013 GDP.

 

 

 

 

Algeria

Break-even price$111.10

2014 production in barrels/day¹1.72 million

Price per barrel	Net exports (% GDP)²
June high$115.06	27.6%
Current$64.66	15.5%
Loss in export value	$25.21 billion

¹ Includes crude, natural-gas liquids and condensates.  ² 2013 exports, latest available, measured as percentages of 2013 GDP.

Saudi Arabia

Crude oil export ban: Outdated energy policy, inconsistent foreign policy?

By former Rep. Michael Andrews (D-Texas)

The ban on the export of domestic crude oil dates back to a time when members of Congress did not have computers and Richard Nixon was president. Much has changed in the past 40 years. Today, that antiquated law is severely restricting the nation’s energy policy and damaging the integrity of American foreign policy. In 1973, the Organization of Arab Petroleum Exporting Countries (OAPEC) instituted an oil embargo as a result of the involvement of the United States in arming Israel during the Yom Kipper War.

 

 At the time, America was the largest oil consumer in the world and was heavily reliant on oil imports. The Arab embargo, coupled with dramatic drops in the U.S. stock market and a steady decline in domestic oil production, had an enormous and disastrous economic impact on the American economy. The Congress responded by

Seven Energy advocates robust gas pricing (Nigeria)

 Article Abstract:
Seven Energy Ltd has advocated the need for robust gas pricing policy in Nigeria. Its Chief Operating Officer (COO), Mr. Jeff Corey, told reporters in Lagos that such a gas policy should create a platform for willing buyer willing seller agreement of gas instead of the government fixing price for the product.

He said the idea of fixing gas price creates distortion in the system, adding that:

“Gas agreement last 20 years and this is

G7 leaders agree to phase out oil, gas and coal use by end of this century

 

THE G7 LEADERS have agreed that the world should phase out the use of fossil fuels by the end of this century. Merkel said today that the G7 leaders committed themselves to the need to “decarbonise the global economy in the course of this century”.

Fossil fuels
That is a technical term for ending the use of oil, gas and coal — but not nuclear power — and replacing them with

Energy: How Energy Companies Are Raising Cash In A Pinch *** INDUSTRY FO...

 

The oil price crash has forced oil companies to find creative ways to raise cash.

Energy: How Energy Companies Are Raising Cash In A Pinch *** INDUSTRY FO...

 

The oil price crash has forced oil companies to find creative ways to raise cash.

U.S. Energy Revolution: Does OPEC Matter?

 

TD Securities Head of U.S. Research Eric Green, Stifel Nicolaus
Portfolio Manager Chad Morganlander and Bloomberg’s Joe Weisenthal
discuss the market’s Triple crown: jobs, OPEC and Greece with Alix Steel
on "Bloomberg Markets."

India resumes oil imports from Iran

 

Iran's crude oil exports to India have risen significantly during the past fourteen months. India has been under significant pressure from the US to cut its oil imports from Iran.

Oil-demand curve’s flattening adds to pressure on OPEC

 

When leaders of the Organization of Petroleum Exporting Countries met in Vienna on June 5, they hardly lacked reasons to worry, large among which is unusually intense strife among key members. But they also faced ramifications of shrinkage over the past decade in expected need for their oil.

Solar Energy In Egypt; Plans To Decrease Reliance On Oil And Gas

 

Egypt is planning to move away from its reliance on fossil fuels and has its sights firmly set on solar power. Currently oil and gas provide 90 percent of the nation's energy needs. But the North African country, with its ideal dry and sunny climate, has a raft of new renewable energy projects in the pipeline.

Shale Gas Revolution

The new abundance of natural gas provides energy options for America,
including clean electric power. Oil production has increased, reducing
the dependence of the US on imported petroleum. Both benefits come with
the challenge of managing the environmental impact of new oil and gas
development in the US. This talk will discuss the way shale gas and oil
are created and produced, and the latest choices now available for
generating energy in the United States.

Latest views on the oil market with Chris Oil

 

Latest views on the oil market with Chris Oil a City Investor & Financial Blogger. Chris Oil takes a look at the best of the recent oil & gas recovery plays, including Ithaca Energy (IAE), Bowleven (BLVN), Rockhopper Exploration (RKH) and Oilex (OEX).

Prudent Spending Amid Lower Oil Prices: Barakah

 

June 4, 2015 (Kuala Lumpur) -- Syed Abdul Rahim Syed Jaafar, CEO of Barakah Offshore, says the company has maintained a stable performance, despite other oil and gas players being forced to cut costs. Speaking at OGA 2015, he tells Bloomberg TV Malaysia's Han Tan that they disagree with the doomsayers predicting the worse for the industry, and are still actively bidding for jobs.

Oil to recover in 3-4 years as US shale fails to fill demand gap – Shell

Oil to recover in 3-4 years as US shale fails to fill demand gap – Shell

Energy major Royal Dutch Shell has predicted a recovery in the oil market and explained a recent rise in oil prices by growing global demand, saying that US-led shale drilling companies are failing to tackle the new development in the market.

“Lower oil prices increase demand and reduce investment, and [they] already ha[ve],” Shell CFO Simon Henry told Bloomberg on Tuesday, as energy ministers of major producers gathered in Vienna for the 6th International Seminar of the Organization of the Petroleum Exporting Countries (OPEC).

“Within three to four years, there will be

Is Big Energy changing its climate tune?

 

Big European oil and gas groups have for the first time called for pricing on carbon dioxide emissions. Is Big Energy changing its tune on climate change? Frederick Studemann asks King’s College’s Nick Butler and FT environment correspondent Pilita Clark.

"Caspian Oil and Gas 2015" - Gulmira Rzayeva

 

"Caspian Oil and Gas 2015 - 22nd International Caspian Oil and Gas Conference" - 3-4 June 2015 - Gulmira Rzayeva, Leading Research Fellow, Economic Analysis and Global Affairs Department, SAM

IP Week 2015 - strategies for a changing oil and gas landscape

 

This short film shows some of the highlights from International Petroleum Week 2015, and features comments from the keynote speakers. Find out more about this annual oil and gas event at www.energyinst.org/ip-week

Shell's Arctic Oil Drilling Faces Fresh Court Challenge

 

Shell's Arctic Oil Drilling Faces Fresh Court Challenge

A dozen environmental groups have told a US federal court they are renewing a challenge to the leasing in 2008 of areas off Alaska’s north-west shore, where Royal Dutch Shell hopes to drill exploratory wells this summer.

Shell ready to seize Arctic drilling chance

 

Ten years after it started acquiring leases in the Arctic, Shell has not yet drilled a single well into oil-bearing rocks as it was held up by lawsuits, regulatory objections and its own mistakes. The FT's Ed Crooks reports on the company’s plans to change that.

Why do energy groups want a carbon tax?

 

Six European energy companies have asked the UN to draw up a carbon tax. Lex’s Oliver Ralph and Alan Livsey ask why they would do this.

China dismisses US criticism of reclamation in South China Sea

 

China has rejected US criticism of its reclamation works in the South China Sea.

The deputy chief of the army's general staff department says China is exercising its sovereignty in the region and fulfilling international responsibilities. Sun Jian-guo noted that the construction has never been an issue with the freedom of navigation. The United States has called on Beijing to halt reclamation works and island building in the disputed waters, saying they're out of step with international rules. China claims almost the whole of the sea but its neighbors including the Philippines and Malaysia have overlapping claims. The South China Sea is believed to be home to huge oil and gas reserves and is a major global shipping route.

The Future of Crude in the Texas of the North

 

Canada is the fifth-largest producer of oil in the world. But when the price of oil plummeted in late 2014, the country’s oil-rich western province of Alberta began hurtling toward a recession, with widespread layoffs and historic reductions in drilling activity.

The impact was felt across Canada, too. Crude oil is the country’s number one export, and 99 percent of it is sold to the United States. But in recent years, the US has emerged as a major oil producer in its own right, following a revolution in controversial fracking technology that has increased US oil production and contributed to a global oversupply of oil. Now, Canada's energy sector faces the difficult question of how to meet new markets in a changing global energy landscape.

VICE News visited Alberta, known as Canada’s “Texas of the North," in what is normally high season for drilling — just before the frozen ground thaws — to explore how the bitter sting of low oil prices is affecting the region’s the economy.

Coal, Climate, and Cash: 3 Pressing Questions for Today's Energy Market ...

 

In this week's episode, Sean and Tyler explore three topics on the minds of energy investors: Can coal survive? Will oil companies actually do something about climate change? And why is cash so important to energy investments?

Gov. Chris Christie (R-NJ) for Crude Oil Exports



In May 2015, most of the Republican field gathered in Oklahoma City to speak to the Southern Republican Leadership Conference. With Congress in session, the Senators running for President were not able to attend and sent someone to talk in their place. Current Governors Chris Christie (New Jersey and Scott Walker (Wisconsin) touched on energy issues, as did former Texas Governor Rick Perry and former Senator Rick Santorum. Despite the location in Oklahoma, most candidates said true to their standard stump speeches, with occasional references to the importance of energy exports and overbearing federal regulations.

Fmr. Texas Gov. Rick Perry Says U.S. Natural Gas Can Fight Putin

 

In May 2015, most of the Republican field gathered in Oklahoma City to speak to the Southern Republican Leadership Conference. With Congress in session, the Senators running for President were not able to attend and sent someone to talk in their place. Current Governors Chris Christie (New Jersey and Scott Walker (Wisconsin) touched on energy issues, as did former Texas Governor Rick Perry and former Senator Rick Santorum. Despite the location in Oklahoma, most candidates said true to their standard stump speeches, with occasional references to the importance of energy exports and overbearing federal regulations.