When you’re sitting on a shed load of sugarcane, it’s nice to know you have options. For Brazil, as the powerhouse of global sugar production, that choice falls into two broad areas — make sugar, or make ethanol.
By Patricia Manso | May 5, 2015 12:01 AM Comments (0)
By Elizabeth Bassett | May 4, 2015 04:15 PM Comments (0)
Every hero needs a sidekick, every dog needs its day, and every oil and gas conference has to talk about bettering communication with the public, it seems.
The 2015 Offshore Technology Conference in Houston this week is no exception. Today is the first day of the conference, which regularly brings in about 90,000 attendees (or more) to hear from industry execs and elected officials and to learn about the companies, organizations and countries represented in booths and demonstrations.
By Gary Gentile | May 4, 2015 12:01 AM Comments (2)
The technology underlying the US shale revolution was largely developed and funded by government laboratories working in conjunction with the private sector. Could the same formula be the key to unlocking the oil and gas riches offshore Alaska?
By Ross McCracken | May 1, 2015 10:37 AM Comments (0)
In this month’s highlight of material from Platts Energy Economist, managing editor Ross McCracken delves into the best places to sink capital in a time of low oil prices and whether recent investments have truly trickled through the industry yet.
It is not hard to find proponents of the view that the current clampdown on capital expenditure by oil and gas companies will cause a shortage of oil in the future. Weak investment now causes low production in years to come. At the same time, low prices prompt greater demand. As soon as these two processes become entrenched, oil traders will look ahead to the impending shortage and prices will rise. Boom time returns.
By Herman Wang | May 1, 2015 12:01 AM Comments (0)
Ever since US Energy Secretary Ernest Moniz acknowledged at a Platts forum in December 2013 that the Strategic Petroleum Reserve merited a “re-look” at how it is structured, given the boom in US production and the resulting declines in imports and changes in crude flows, US officials have said they were studying the issue and would soon make recommendations on what to do about the 1970s era storage facilities.
So, last week’s much anticipated release of the Department of Energy’s Quadrennial Energy Review must have been a disappointment, then, for people who closely follow the SPR, as the report, which included a whole chapter devoted to the reserve, merely recommended … additional study.
By Starr Spencer | April 30, 2015 12:01 AM Comments (2)
The oil industry has always had buzz words and unique verbal shorthand. Remember the “Year of the MLP” (2007) and “Drill, Baby, Drill” (2008)?
During the last down cycle in 2008-2009, oil executives debated whether the recovery – when it came – would be “V”-shaped or “U”-shaped. That is, a relatively rapid bottoming of oil prices in the former instance, followed by a fairly quick rebound – or, alternatively, a steep falloff of oil prices, a plateau as the market got its bearings and settled out, and then a fairly rapid climb back up the price ladder.
By Tom Balcerek | April 29, 2015 12:01 AM Comments (0)
It was a rough winter in the US this year, even more so for the domestic steel industry, which saw prices on its bellwether product, hot-rolled coil (HRC), decrease by about $200 a short ton, or roughly 30%.
Arriving in tandem with belated spring weather, long-awaited HRC price increases were announced this week, providing hope for a turnaround in the collapsed market.
By Takeo Kumagai | April 28, 2015 09:02 AM Comments (0)
It wasn’t the first time, and it will not be the last. Abu Dhabi struck a deal on April 27 with Japan’s Inpex, awarding a 5% stake in its giant Adco onshore oil concession for the next 40 years from January 1, 2015.
By Faiza Hassan | April 27, 2015 07:00 AM Comments (0)
We all notice how natural disasters impact commodity values, whether it’s a hurricane immediately raising gasoline prices at the pump, or snow storms leading to an uptick in demand for heating oil.
Take the Midwest for example. Wet weather has delayed spring planting, resulting in a build of diesel stocks in the Midwest, feeble agricultural demand, and really low prices.
By Ned Molloy | April 27, 2015 12:01 AM Comments (0)