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US Western Gulf Lease Sale Draws Little Interest

Posted by on Aug 25, 2016 in Uncategorized | Comments Off on US Western Gulf Lease Sale Draws Little Interest

US Western Gulf Lease Sale Draws Little Interest

High bids placed at the US Bureau of Ocean Energy Management’s (BOEM) Western Gulf Lease Sale totaled just $18.1 million on Wednesday, the lowest amount on record. Only three companies — BHP Billiton, BP and Exxon Mobil — placed bids on 24 Western Gulf blocks. No block drew more than a single bid. The Western Gulf lease sale typical draws fewer...

Saudi Signals, Brent Rallies, Job Done

Posted by on Aug 23, 2016 in Uncategorized | Comments Off on Saudi Signals, Brent Rallies, Job Done

Saudi Signals, Brent Rallies, Job Done

Oil markets are hungry for guidance after nearly two years of anarchic “price discovery” so Saudi Arabia’s latest hint of “action” to stabilize markets if there is a need has helped to focus minds. Market players argue that Saudi Arabia is simply talking up the oil price, yet speculators can ill-afford to ignore “messaging”...

Firms Offer Cautiously Optimistic Price Outlook for 2017

Posted by on Aug 19, 2016 in Uncategorized | Comments Off on Firms Offer Cautiously Optimistic Price Outlook for 2017

Firms Offer Cautiously Optimistic Price Outlook for 2017

US independents displayed a sort of cautious bullishness at the close of the second quarter, with most focused on their improving ability to generate positive returns, even if oil prices remain subdued. Most oil and gas producers in the US see oil prices averaging somewhere between $50 to $60 per barrel in 2017, a fairly significant improvement from recent...

Can Conoco Dividend Model Offer Salvation to Majors?

Posted by on Aug 5, 2016 in Uncategorized | Comments Off on Can Conoco Dividend Model Offer Salvation to Majors?

Can Conoco Dividend Model Offer Salvation to Majors?

We get it. The majors cannot cover their capital spending and dividends with the cash flows generated by their businesses. Tell us something we don’t know (EIF Nov.20’13). When an issue has been around as long as the majors’ funding gaps, it’s easy to become complacent. It’s also easy to lose sight of just how deep the problem has...

US Presidential Race Heats Up, Energy Hints Emerge

Posted by on Aug 2, 2016 in Uncategorized | Comments Off on US Presidential Race Heats Up, Energy Hints Emerge

US Presidential Race Heats Up, Energy Hints Emerge

The US election cycle has been thrust into high gear, with Donald Trump receiving the Republican party nomination last week and Hillary Clinton taking the Democratic nomination this week. Strong environmental policy was a key talking point at the Democratic National Convention, with Clinton effectively planning to advance the climate and green energy ambitions set in...

Rebalanced June Oil Market, Served Up With a Twist

Posted by on Jul 28, 2016 in Uncategorized | Comments Off on Rebalanced June Oil Market, Served Up With a Twist

Rebalanced June Oil Market, Served Up With a Twist

Oil markets are at an inflexion point of sorts. But it’s not so much about moving from an unbalanced to a rebalanced market as it is about readjusting the focus from short-term events to longer-term conditions as a determinant of price. The Saudi Arabian-led Opec decision to go for volume over price set off the debate over finding a new balance between supply...

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