Archive for the ‘oil’ Category

Canadian oil has its Jean-Paul Sartre moment: hell is a lack of investors

The Canadian oil patch is undergoing an existential moment as low oil prices have scared off investors and thrown the future of further oil sands projects into disarray.

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Offshore revenue sharing debate stalls before it starts

For years, legislative efforts to give coastal states a larger share of offshore drilling revenue have brought the Senate Energy and Natural Resources Committee “to a standstill,” Washington Senator Maria Cantwell, the committee’s top Democrat said at a hearing last week.

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A tale of two crudes: Nigeria and Angola

Nigeria and Angola,  both situated on the west side of Africa, are two of biggest producers in the region, but the crudes from these two countries have treaded divergent paths in the past year, despite a lot of similarities.

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Holy Carbon: Does the Pope’s view matter in the fight against climate change?

Pope Francis is set to weigh in on the climate change debate in what has already caused a considerable buzz in the media, by equal measure prompting cheers from the green lobby and irritation among climate skeptics, even before the message has been released.

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Financing ‘frack addicts’ and shale producers in the US: Petrodollars

Robert Perkins examines the delicate balance act of financing shale oil production in the US in this week’s Oilgram News column, Petrodollars.

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The Oil Big Five: Marking one year of watching the global oil industry

This month’s version of The Oil Big Five marks its first anniversary and we’re pleased to still be serving up a monthly dose of topics to keep an eye on in the global oil industry.

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UAE, Iraq oil potentials prove as much variation within region as among regions: New Frontiers

In this week’s Oilgram News column, New Frontiers, Tamsin Carlisle and Adal Mirza illustrate the widely varying states of oil production in a region where reserves and potential are bountiful — if they can be tapped.

From the outside, it can be tempting to lump together the Persian Gulf oil states as a homogeneous mass. After all, oil statistics on the region typically talk of the “Middle East” and they export crude to much the same markets, mainly in Asia.

However, as delegates at the Middle East Petroleum and Gas Conference in Abu Dhabi recently heard, not all Gulf oil producers are created equal, and those with some of the biggest reserves may, in coming years, be outperformed by more reliable suppliers.

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UK election results: good for shale gas, bad for onshore wind

One of the most uncertain UK general elections of recent decades is reaching a surprisingly definite conclusion: indications on the morning of May 8th suggest a majority for the Conservative party, the lead partner in the coalition government that ran the country over the last five years. The energy industry may be pleased most of all by the removal of uncertainty, while future policy measures could boost shale gas, but limit the growth of onshore wind.

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OTC 2015, Day 4: Coming clean about offshore safety systems for US oil and gas

Thursday at the Offshore Technology Conference is traditionally the “safety day,” with sessions and panels bringing together regulators as well as industry professionals to talk about the sometimes uneasy interaction between the two in the offshore oil and gas industry.

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OTC 2015, Day 3 — Show me the numbers: Data for oil and gas tech

Yesterday I gave a recap of some of the technology transfer ideas here at the 2015 Offshore Technology Conference. Today, in a continuation of that theme, I heard an awful lot of discussion of what really drives technology and gives it context: data.

Data was a recurring subject Wednesday at the conference, particularly in an afternoon session that featured the third big player in Houston’s industry landscape, aerospace. More specifically, NASA.

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