Weather forecasters are predicting a harsh winter for Asia, and while this would hardly be good news for anyone in the region, it happens to be great news for LNG exporters. Producers of liquefied natural gas were hammered no less mercilessly by the coronavirus pandemic than their oil-producing peers. On top of that, the LNG […]
There are investment opportunities within the energy sector that will benefit from the energy transition — and they are not just in the renewables sector. Tyson Birchall, managing director of Longbow Capital, a Calgary based private equity manager, points out that even if the world is able to achieve the objectives of the Paris agreement, […]
Oil prices skyrocketed on Monday morning as U.S. President Donald Trump’s health appears to have improved after testing positive for the coronavirus on Thursday evening. At 11:06 a.m. EDT, the price of the WTI benchmark had risen by 6.15% to $39.33. While the gains are substantial for the day, they are still under the $40 […]
If there’s one thing three of the world’s most prominent geologists, geochemists and drill completion experts agree on it’s this: Namibia’s Kavango Basin could end up being the last major onshore oil discovery on Earth. There’s almost no known major sources of oil or gas left to discover on land, except in a few wildly […]
Almost anything that could go wrong in 2020 did go wrong. The year started with the Russian/Saudi oil price war and then the COVID-19 pandemic hit the U.S. and the rest of the world, which caused dramatic drops in crude demand and extreme price volatility. As a result, the confluence of these events led to […]
The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 9.517 million barrels for the week ending September 11. Analysts had predicted an inventory draw of 1.271-million barrels. In the previous week, the API reported a build in crude oil inventories of 2.970 million barrels, after analysts had predicted a […]
Analysts at Fitch Solutions Country Risk & Industry Research have outlined in a new report that they do not expect 5G to have a significant role in oil and gas operations in the next five years, as low oil prices have reduced the capital expenditure outlook. In the report, which was sent to Rigzone on […]
Oil producers in the western Gulf of Mexico are bracing for yet another storm this week as Tropical Storm Beta is moving toward west and northwest, threatening storm conditions along the south Texas coast later on Monday. As early as on Saturday, Royal Dutch Shell said it had evacuated all personnel from the Perdido platform […]
The oil industry in South America is in sever need of positive stimuli – the Argentinian shale wonder has just survived a near-collapse of its government only to be stalled by the coronavirus, Venezuela is falling ever lower, whilst Colombia is struggling to kickstart its oft-lauded shale bounty. Suriname, a Dutch-speaking nation of some 600 […]
Crude oil prices inched up further today after the Energy Information Administration reported a crude oil inventory draw of 4.4 million barrels for the week to September 11. Fuel inventories were mixed. At 496 million barrels, the EIA said, crude oil stockpiles continue to be above the five-year average for this time of the year. […]
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