Sunday, June 21, 2015

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.

Saturday, June 20, 2015

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.

Tuesday, June 16, 2015

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.

Saturday, June 13, 2015

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

Friday, June 12, 2015

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.

Tuesday, June 9, 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.
Break-even price$215.00
2014 production in barrels/day¹0.52 million
Price per barrel
Net exports (% GDP)²
June high$115.06
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.
Break-even price$111.10
2014 production in barrels/day¹1.72 million
Price per barrel
Net exports (% GDP)²
June high$115.06
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

Monday, June 8, 2015

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."