Indonesia’s continuing attempts to sort out fuel subsidies and how to best reform various parts of the energy industry is now having an effect on upstream business, Mriganka Jaipuriyar explains in this week’s Oilgram News column, Fuel for Thought.
Posts Tagged ‘upstream’
By Mriganka Jaipuriyar | November 9, 2015 10:58 AM Comments (0)
By Rosemary Griffin | September 28, 2015 12:01 AM Comments (1)
Russia’s oil and natural gas industry is feeling the impact of low prices and financial and technological sanctions, but disagreements within the country’s own energy sector are also proving a hurdle to development, as Rosemary Griffin details in this week’s Oilgram News column, Petrodollars.
By Starr Spencer | September 22, 2015 12:01 AM Comments (0)
The recent Barclays CEO Energy-Power Conference came at a crucial time in the current lower-for-longer oil price environment and clarified upstream CEOs’ plans to weather what could be 2015 all over again for a couple of more years.
By Starr Spencer | August 21, 2015 12:01 AM Comments (9)
If the round of second-quarter upstream conference calls showed anything, it was that operators have been humdingers in recent months: incredibly competitive, ruggedly hard-working and totally determined to match their operating costs to slipping oil prices, with a bit left over for profit.
And they have succeeded beyond their most extravagant forecasts. The cost of producing the once-perceived “high-priced” unconventional oil patch has now fallen, in some cases, to per-barrel breakeven prices pretty much on par with an extra-large delivered pizza with all the works, including tip.
By Tamsin Carlisle | March 30, 2015 12:01 AM Comments (0)
Many have been waiting for mergers and acquisitions— particularly in E&P sectors — to pick up in light of low oil prices, and one case of a downstream-focused company considering acquiring an oil producer caught the attention of Tamsin Carlisle in this week’s Oilgram News column, Petrodollars.
By Katharine Fraser | August 17, 2012 07:02 AM Comments (0)
“Dueling studies” is the phrase one former US Federal Energy Regulatory Commission member used to describe anticipated cost/benefit reports on contentious power market designs. But, the image of consultants riffing with research reports like dueling bangos in American folk music applies to just about every US energy debate, and even more so in a presidential election year.
By News Desk | August 6, 2012 11:19 AM Comments (0)
The acquisition of Canada’s Nexen by CNOOC, announced last month, makes sense on many fronts.
It gives CNOOC a stake in the North Sea, which means it’s effective now “long” the Brent market, where China has major exposure; and it also gives it a greater stake in what happens with WTI, since Nexen’s Canadian crude sold into the US will be tied to that benchmark.
Robert Perkins writes in this week’s Oilgram News column, Petrodollars, on the reasons why the deal is a logical one for CNOOC.
By Meghan Gordon | July 31, 2012 03:46 PM Comments (0)
By Starr Spencer | July 20, 2012 05:33 PM Comments (1)
If you thought 2008 was a heyday for deepwater drilling, you ain’t seen nothin’ yet.
At least that’s the message suggested by the first two drillers, Noble Corporation and Diamond Offshore, that reported second-quarter earnings this week. While earnings were healthy, it was the commentary by the drillers’ managers that made Wall Street sit up and take notice.
Both companies say they expect the global ultra-deepwater segment to carry the ball for them going forward. And that “forward” looks pretty darn good.
By News Desk | July 16, 2012 09:55 AM Comments (0)