By Jeffrey Bair | May 10, 2013 12:43 PM Comments (2)
They like to say around the Platts office in Houston that California is an island.
An economic island, that is. The kind where the spot prices of gasoline and other refined fuels are insulated from the bob and weave of trades in the rest of the United States.
It’s an interesting analogy. But consider how fuel economics are affecting a real-live island right now: Oahu.
By John Kingston | February 1, 2013 06:08 PM Comments (0)
Here are a few highlights from this month’s US Energy Information Administration monthly report. A two-month lag in the reporting data means the figures are for November.
By Starr Spencer | January 10, 2012 12:32 PM Comments (0)
In case anyone hadn’t noticed, January 10 is the 111st anniversary not only of the Texas “awl bidness” (that’s Texan for oil business, to all you non-Lone Stars) but also of Big Oil.
On that day in 1901, the Lucas well at Spindletop, a salt dome oil field sited south of what is now the city of Beaumont, Texas came in and was soon producing more than 100,000 b/d of oil.
By John Kingston | September 20, 2011 09:21 AM Comments (0)
Generic and industry polls indicate development of the state’s Marcellus Shale gas reserves has widespread support – but challenges at the local level indicate the support is far from universal.
By Pradeep Rajan | September 9, 2011 01:17 PM Comments (0)
Given the recent stream of poor data and the warnings for the potential double dip recession, it comes as no surprise that over the last month as the economic doom and gloom set in the majority of the world’s largest financial institutions have been quick to lower their oil price forecasts.
For Brent, the sudden rebel offensive into the Libyan capital Tripoli during the month and the speed with which the Transitional National Council have been able to take control over much country and its oil installations, has added a secondary bearish tone to the outlook.
By Cathy Landry | September 7, 2011 09:55 AM Comments (0)
It’s almost a cliche to note that liquids rich plays are booming these days. So it comes as no surprise that rig counts in five such plays, including the legendary Bakken Shale oil field in North Dakota and Montana, hit record levels last week, according to investment bank Global Hunter Securities. Global Hunter uses both the Baker Hughes rig count and its own estimates to calculate the rigs working in assorted US plays.
By Jeff Mower | September 6, 2011 01:24 PM Comments (0)
Sunoco’s announcement that it is planning on selling its remaining refineries in the Philadelphia area completes a more than 20-year transition in the company that is unprecedented in the recent history of the oil industry.
Consider the scope of the change: Sunoco went from a fully integrated oil company to a very big retailer over the course of less than 20 years, and it did so completely by decisions it took on its own. It didn’t have to sell any assets because it was under a takeover threat (at least none that were known publicly); it wasn’t cash-desperate; it didn’t have some scandal that required it to take steps to get out of a certain business.
By News Desk | September 5, 2011 10:28 AM Comments (0)
Petrobras is getting ready to embrace floating production, storage and offloading (FPSO) technology in the coming months. But as Gary Taylor notes in this week’s PetroDollars column from Platts Oilgram News, other companies are not all following suit.
By David Jones | September 1, 2011 09:46 AM Comments (0)
Todd Kozel, the Executive Chairman and CEO of Gulf Keystone Petroleum, says the Kurdistan focused independent is not for sale.
Don’t believe a word of it. Every junior resources company is for sale at a price, especially those that are publicly traded, have not yet booked reserves and have no established revenue stream.
By Jeff Mower | August 27, 2011 04:49 PM Comments (0)
There’s lots of talk about higher gasoline prices in the wake of Irene.
As we sit here on Saturday afternoon, there is some good news for consumers. A review of some other numbers might be more troublesome for consumers, however.
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