As Papua New Guinea enters the small fraternity of LNG exporters, it needs to figure out what do with the money the poor nation is going to earn. Christine Forster looks at the issue in this week’s Oilgram News column, Petrodollars.
Posts Tagged ‘ExxonMobil’
By Christine Forster | November 10, 2014 12:01 AM Comments (2)
By Christine Forster | November 4, 2014 12:01 AM Comments (0)
It seems there might still be some twists and turns in the long saga of InterOil’s Papua New Guinea LNG project, with analysts speculating that arbitration proceedings launched by Oil Search are ultimately aimed at replacing joint venture partner Total with ExxonMobil.
Oil Search clearly sees itself as the key player in the Pacific nation’s emerging gas sector, by virtue of its 29% stake in the new ExxonMobil-led PNG LNG facility near Port Moresby and its significant equity position in the InterOil project. Oil Search, with its strong operating history at PNG oil and gas fields, also enjoys a good relationship with the PNG government, one of its major shareholders.
By Mriganka Jaipuriyar | June 30, 2014 12:01 AM Comments (0)
The dwindling fortunes of Indonesia’s energy outlook is forcing the country to take radical steps to change its future. Mriganka Jaipuriyar, in this week’s Oilgram News column At the Wellhead, reviews some of the shifts the country is taking to overcome earlier bureaucratic hurdles.
By Starr Spencer | March 24, 2014 12:01 AM Comments (0)
By John Kingston | February 21, 2014 01:42 PM Comments (0)
A lot of integrated oil companies have split up into separate upstream and downstream companies; witness Marathon and ConocoPhillips.
Others have sold their downstream businesses piecemeal; Hess is doing that now.
At the very least, integrated oil companies like ExxonMobil have cut way back or eliminated company-owned gas stations.
But now we have a strange phenomenon: one of the nation’s best-known independent oil producers is going into the retail side of the biz.
We’re talking, of course, about Ewing Oil.
By Steven Kopits | November 5, 2013 12:01 AM Comments (0)
In another of our occasional guest blog entries, Steven Kopits of the New York office of Douglas-Westwood Associates, an energy business analyst firm, looks at the relationship between the ability of an economy to shoulder a certain oil price level and what that means for the companies that produce that commodity. If you’d like the firm’s full presentation on this issue, Steve can be reached at email@example.com.
As in the second quarter of the year, third quarter results for the oil majors, the international oil companies and other major listed operators, were disappointing. Some were downright awful.
Why have results for the oil companies deteriorated so markedly, and what should we expect in the future? In this article, we’ll look primarily at upstream liquids — primarily crude oil production.
By Jeff Mower | October 31, 2013 02:36 PM Comments (0)
Several oil companies this week cited lower US refining margins for a drop in third quarter earnings.
ExxonMobil Thursday, for instance, reported an 18% drop in earnings, while PBF Energy reported a Q3 operating loss. On Wednesday, Phillips 66 reported a fall in Q3 earnings, which included a refining segment loss of $2 million. All three blamed the earnings decline on a drop in refining margins, with higher crude prices and higher RINs prices eating into profits.
However, margins have been bouncing back in October, and while its too early to tell how the fourth quarter will shape up as a whole, margins are more favorable this year for refiners processing North American grades.
By Mriganka Jaipuriyar | September 30, 2013 12:01 AM Comments (1)
By Jeffrey Bair | September 26, 2013 12:01 AM Comments (6)
OK, raise your hand if you have done one of these things, ever:
By News Desk | August 19, 2013 12:01 AM Comments (0)
Turning algae into a distillate-type fuel has long been one prospective area of renewable liquid fuels; it’s even the renewable project where ExxonMobil has been the most aggressive in its investments. Turning algae into a crude-like substance is the target of another company, as Herman Wang discusses in this week’s Oilgram News column, New Frontiers.