Tag archives for Platts
The Oil Big Five: The Second Half Begins
The beginning of July is the beginning of the second half of the year, and just over the weekend I was looking at a calendar and marveling that we’d arrived here already. We started this feature a little over a year ago, but especially within the past 12 months, the oil industry seems like it’s ...
Quantifying Crude in Russia Proves Complicated: At the Wellhead
As global oil markets remain heavily oversupplied, Russia’s crude production has shown surprisingly strong growth from the start of 2015. This has sparked concerns its extra barrels could put additional pressure on prices when expected new volumes from other parts of the world, including Iran, flow to the market.
But as with many things in the ...
If Breaking Up is Hard to Do, Try Not Growing Oil
Someone had to do it, and it might as well have been one of the biggest names in US shale.
Having whittled its 2015 capital budget down to $5 billion, 40% lower than last year, US producer EOG Resources last week made the tough call of forfeiting production growth this year, saying it would drill but ...
Vitol’s CEO Sees Up-and-Down Oil Prices, but it Isn’t an Opportunity
The kind of crazy up-and-down movements of the oil markets in recent weeks and months is not a ripe opportunity for a major trading company like Vitol. In fact, its CEO and chairman Ian Taylor says that whipsaw activity is a nightmare for his company.
“A market that is up $3 in the morning, down at ...
IEA Predicts ‘New Chapter’ for Oil Markets, Sees Price Declines into 2015 as Likely
The 30% fall in oil prices since mid-June continues to dominate the oil market headlines, and anyone hoping for a swift recovery in prices could well be disappointed — especially if the most recent forecasts from the International Energy Agency are anything to go by.
The west’s energy watchdog said on Friday that global oil prices ...
Petrodollars: What do Russian Oil Companies Do in the Wake of Sanctions?
Sanctions against Russia are moving closer to the country’s big oil companies. In this week’s Oilgram News column Petrodollars, Rosemary Griffin looks at the choices that companies such as Rosneft face.
EU sanctions introduced Friday limit some state-owned Russian oil companies’ access to European financing in a move that could drive Rosneft, Transneft and Gazprom Neft ...
Operator Outputs from US Oil and Natural Gas Resource Plays Continues to Leapfrog
Perhaps the most striking thing upstream companies revealed in their recent round of second quarter calls was the astounding production increases from US unconventional plays brought about by an array of tweaks to well drilling and completion techniques.
One tactic they’re using to eke more hydrocarbons from the ground is optimized well spacing — configuring wells ...
Petrodollars: The Western Canadian LNG Business Attempts to Launch
Exports of LNG from the US aren’t the only potential growth story for North America. LNG shipments out of Western Canada are also on tap. Ashok Dutta, in this week’s Oilgram News column Petrodollars, reviews the start-and-go status of the various projects.
It’s nearing a now or never time for getting the much-touted grassroots LNG industry ...
The Oil Big Five: Trends, Market Drivers, and Global Issues
This is our second installment of The Oil Big Five, where we ask Platts oil experts around the globe to outline five big trends or factors affecting the oil industry. We were glad to hear from you, our readers, on our first post, and we featured your top responses in our follow-up post. Be sure ...
Indian Oil & Gas After the Election…The Road Ahead
There is a lot riding on India’s new government. Tired of a lackluster economy, Indians have single-mindedly elected the BJP — led by Narendra Modi–in the hope that he will do what it takes to rev up the country’s engines.
Energy is obviously going to play a critical role as India’s economy shifts gear. So, what ...
