Researchers have been underestimating the cost of wind and solar

How should electricity from wind turbines and solar panels be evaluated? Should it be evaluated as if these devices are stand-alone devices? Or do these devices provide electricity that is of such low quality, because of its intermittency and other factors, that we should recognize the need for supporting services associated with actually putting the […]

Oil price, Aminex, Cabot Energy, Sundry-Falcon-Columbus- And finally…

The oil price rose again reaching levels last seen on 6th of June but Brent also hitting the big figure obstacle which it has struggled to break through in recent  attempts. The EIA inventory stats were mainly full of good news, the crude draw of 4.7m barrels was 1.2m more than forecasts while gasoline drew […]

The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines. Saudi Aramco CEO Amin Nasser, while addressing the World Petroleum Congress in Istanbul, stated that the outlook for oil supplies is “increasingly worrying”, due to a loss of $1 trillion ($1000 billion) in […]

A Prelude to a Gas Powered World

In about three weeks, a mammoth ship will arrive at the Browse Basin, some 475km off the coast of Broome in Western Australia. It will anchor there to 16 mooring chains, floating above the Prelude and Concerto fields, processing natural gas into valuable LNG, then transferring it to gas carriers that will ship it to […]

Too soon to write off fossil fuels

President Donald Trump was predictably the outlier at the recent G20 summit of industrialized nations in Germany, holding firm to his commitment to withdraw the United States from the Paris climate accord. But the U.S. still managed to exert positive influence on the global warming debate. At the president’s insistence, G20 leaders included language on […]

Oil, gas industry is pumping resources into coastal restoration

The Louisiana Legislature recently adopted the next phase of the coastal master plan. For the most part, this passage was recognized as an ambitious commitment to secure our economic future through the preservation of our working coast. It is also an opportunity for government and industry to commit financial resources and work together for the good […]

Fractured resources, fractured hopes!

Earlier this year I was preparing a Finding Petroleum event on the Middle East (it eventually happened on May 16th) with Kurdistan a strong theme, some context being provided by Gulf Keystone Petroleum’s financial restructuring, Genel Energy’s  reserves downgrading, and lesser incidents with other Kurdistan exploration-oriented players. Somewhere in that thought process, I realised that […]

Oil price, Premier Oil, Thalassa, Ophir, Providence Resources, Sundry-Shell-SDX-Egdon etc-Range Resources-AMFW- And finally…

The EIA inventory stats followed the API numbers and reported a healthy draw of 7.6m barrels as predicted here but not by the goons on the Street who had crayoned in 2.3m barrels. Mixed news though with production still high, Libya up again and the KSA slightly exceeding quotas, (but only as predictable summer demand […]

Protect Our National Economy By Harnessing Our Natural Gas Supply

The world is volatile, uncertain, chaotic, and ambiguous.  Any realistic assessment would conclude that peace and stability are most likely an intergenerational challenge. To protect our economy from this global volatility, we must redouble our efforts to produce and market our own energy. It has been almost 16 years since the Sept. 11, 2001 terrorist […]

New Oil Is More Important Than Ever

The oil bull market is still alive and kicking, despite the bearish sentiment. Keep in mind that today’s glutted market conditions aren’t the norm, and they are certainly not the end of the oil industry, as doomsaying media claims. Now is not the time for producers to slack off in searching for new supply. We […]