More jobs, not lawsuits

More jobs, not lawsuits

In September, Louisiana’s legal climate was named the worst in the country in the survey “2017 Lawsuit Climate Survey: Ranking the States” by the U.S. Chamber Institute for Legal Reform. Our state needs to improve, and suing Louisiana’s largest industry is not an economic or legal solution. These lawsuits are a selfish attempt to satisfy […]

By November 27, 2017 0 Comments Read More →

The LNG Bandwagon Keeps Growing

When Shell purchased BG for US$53 billion in 2016 to become the world ‘s largest LNG company, it capped off a change in the way the LNG world worked. LNG used to be more of a producer-buyer relationship, with firms like Petronas, Pertamina and Qatargas cutting deals directly with buyers in Japan and South Korea. […]

By November 22, 2017 0 Comments Read More →

ANDREW LANGER: Energy companies have helped Texas, and the nation, recover from Harvey

Hurricane Harvey dumped enough rain on Texas to fill the entire Chesapeake Bay. Widespread flooding caused an estimated $190 billion in damage, meaning Harvey could be the most expensive storm in American history. The hurricane hit the energy sector particularly hard. Over a dozen oil refineries along the Gulf Coast shut down or stalled production, […]

By November 21, 2017 0 Comments Read More →

Debt Crisis Undercutting Venezuelan Production

Rystad Energy analysis shows that the Venezuelan debt crisis has caused structural changes in the country’s oil and gas sector which significantly undercut its capability to produce oil. As production falls, the country’s ability to service its debt decreases which in turn increases the risk of default and accelerated production decline. “Venezuelan oil production is […]

By November 20, 2017 0 Comments Read More →

Oil price, Parkmead, Zenith Energy, Cairn And finally…

The end of a bad week for the oil price as a combination of indifferent inventory stats, belligerent Russians an IEA report that didnt square with Opec’s and topped off by Saudi Oil Minister Khalid al-Falih suggesting that world inventories wouldn’t be below their five year average until next spring. This was probably just to […]

By November 17, 2017 0 Comments Read More →

West Africa’s Gas Sector Becoming a Hive of Activity in 2018

Africa is a relatively small producer of hydrocarbons for the world market, accounting for an estimated 9% of world oil output and less than 6% of gas production in 2016. African oil production fell marginally in 2016, from an estimated 9mn barrels per day (b/d) in 2015 to around 8.6mn b/d, owing to lower output […]

By November 16, 2017 0 Comments Read More →

China Opens Floodgates for Crude Oil Imports, Fuel Exports

China’s Ministry of Commerce has added 643,000 b/d to the 2017 fuel export quota for China’s oil refineries, according to ESAI Energy’s recently published China Trade Watch. This will significantly boost China’s fuel exports in November and December 2017. The Ministry also announced a crude oil import quota of 2.85 million b/d for independent “teapot” refiners in 2018. The import quota, 55 percent higher than in 2017, sends a positive signal regarding crude imports and throughput for […]

By November 15, 2017 0 Comments Read More →

Russia Exports Most of its Crude Oil Production, Mainly to Europe

Russia exported more than 5.2 million barrels per day (b/d) of crude oil and condensate and more than 2.4 million b/d of petroleum products in 2016, mostly to countries in Europe. Exports of crude oil and petroleum products represented nearly 70% of total Russian petroleum liquids production in 2016. Russia’s oil and natural gas industry […]

By November 14, 2017 0 Comments Read More →

U.S. crude oil exports to Asia soar, complicating OPEC’s efforts: Russell

U.S. crude oil is flooding into Asia, and may continue to do so as the arbitrage window that was initially created by Hurricane Harvey remains open, even though the disruption from the costliest storm to hit the Gulf of Mexico has faded. A record amount of U.S. crude is scheduled to arrive in Asia in […]

By November 13, 2017 0 Comments Read More →

Analyst Initiates on ‘Potential Tenbagger’ Oil & Gas Company

An Oct. 26 research report noted that Mackie Research Capital Corp. initiated coverage on Pulse Oil Corp. (PUL:TSX.V) with a Speculative Buy rating and a $0.50 per share target price. Pulse is an oil and gas exploration and production company targeting plays in Alberta, Canada. “The big upside for investors, and what differentiates this small-cap […]

By November 10, 2017 0 Comments Read More →