A new green energy era begins in the North Sea as the U.S. shale market transforms, and slumping rig counts question the industry's ability to respond to an increase in oil demand.
Kurt and Cameron review the impact of the new OPEC+ deal on oil prices, suppliers, buyers, U.S. shale operators and more.
On Saturday. the OPEC+ alliance ratified its agreement to extend oil production cuts through the end of July. That agreement has a lot of moving parts, and it relies on strict compliance from countries that don’t have a good track record of adhering to quotas. The deal also represents a new, more sophisticated approach by the cartel to proactively control oil prices and, not to spoil the surprise, but they may have finally hit upon a way to keep U.S. shale producers in check as part of it....
Kurt and Cameron discuss some bold hypotheses for an accelerated OPEC+ meeting this week, along with potentially troubled waters for the global natural gas market.
Our look ahead the coming week, including how drillers' ability to react to a demand increase could be impacted by technical and human capital limitations.
We discuss how talent acquisition, career development and diversity will evolve in the energy sector post-pandemic, with Airswift CEO Janette Marx.
World Oil Editor-in-Chief Kurt Abraham reviews Canadian trade associations' proactive efforts to support oil and gas operations, and that strategy's importance in the face of new IEA comments.
Key trends for the coming week, including how industry groups' response to low oil prices differ dramatically in the U.S. versus other producing nations, China's big plans for its economy, and investment analysts turning their backs on key sectors of the industry.
Mr. Arindam Das, head of consulting at Westwood Global Energy Group, discusses where energy sector companies must focus to meet capital markets' new expectations, both to survive the downturn and to act advantageously as stabilizing markets present new opportunities. Understanding how capital markets gauge companies' investment value after the oil price war Private equity money is still moving, but their expectations are evolving as well Pitfalls and opportunities for small to medium operators i...
Analyst and author Simon Watkins discusses the real result of Saudi Arabia's production cuts, how recovering global markets impact large and small shale players differently, and what that means for the future of the industry. What were the Saudis' true motivations for production cuts; The cuts' financial impacts to the kingdom, and dwindling options to mitigate them; How U.S. shale's storage capacity problem suits it well for a coming increase in demand; What "Shale 3.0" will look like, and how ...
Oil reaches its highest price since March, which could lead to a new production imbalance, and Oxy is left holding the bag on a major asset sale.
Key trends for the coming week, including a couple of wild cards that could threaten the recovering global oil price and production balance. View the EIA's projections of depressed U.S. oil production and rig counts through 2021. View Craig Fleming's summary of Noia's town hall on threats to Canadian offshore production....
In today’s oil and gas operations, remote connectivity is not only making operations more cost effective, but it’s also making significant improvements in the health, safety, and well-being of personnel in the field. Thanks to new developments in satellite connectivity, advances that were once only technically and financially feasible for offshore installations are now available for land operations as well. On today’s show is Morten Hagland Hansen, VP of Commercial Maritime and Energy at SES Net...
We look at the emerging evidence that production cuts are working, and how this is impacting oil prices.
A look at the trends for the coming week, including how production cuts are affecting near-term supply worldwide, where we can anticipate demand growth to start taking place first, and just what it will take from an operational standpoint to restart production.
Arindam Das, Head of Consulting at Westwood Global Energy Group shares his insights on the near-term outlook for M&A activity in the oil and gas sector on today's show.
Kurt and Cameron discuss more service company layoffs in Texas, the final outcome on prorationing, and what is likely to happen in shale plays as the crude demand decline levels off. Find the Texas Railroad Commission's Blue Ribbon Task Force report here: http://freepdfhosting.com/783dce9154.pdf
OTC announces its Spotlight on New Technology winners for 2020, Russia's ship has come in for Nord Stream 2, Shell finds a cash buyer for its Appalachian shale assets, plans to limit production in Texas are pronounced dead, and oil prices start the week off on a slightly-higher note.
In today's episode, Kurt and Cameron discuss OPEC's record-breaking output right before its vaunted production cuts take effect, Brazil finds itself in an enviable position relative to storage and demand, Texas Railroad Commission chair Wayne Christian releases an op-ed that would seem to render their upcoming vote on proration moot, and supermajors Exxon and Chevron feel the pain of low oil prices. Find the Texas survey story Kurt referenced here: https://www.worldoil.com/magazine/2020/april-20...
The worldwide coronavirus pandemic is affecting how oil and gas companies do business day-to-day, from dealing with social distancing challenges to maintaining efficient operations in the face of whipsawing commodity prices. Perhaps one of the biggest obstacles lies in the need to protect employee health by respecting quarantine rules, while keeping production in remote locations online. Today’s show features Matthew Norgate and Stephen Murphy of Acoustic Data, a UK-based provider of wireless we...
Kurt and Cameron look at PDVSA's ambitious overhaul, "glimmers of hope" for Canadian production, and possible bridge loans for U.S. oil companies on the horizon.
Harold Hamm's force majeure raises eyebrows, Diamond Offshore declares Chapter 11, Saudis cut production ahead of schedule, and the investment community feels the heat on Arctic activity.
Kurt and Cameron wrap up an historic week for oil prices, the prorationing debate, Canadian production, and outside-the-box approaches to storing excess crude.
Daily Brief, 4/22/20 - The coming oilfield debt reckoning, North Sea operators contend with Brent weakness, and a brewing Iran conflict adds further uncertainty to oil futures.
With oil at -$37.00/bbl, Kurt and Cameron explore how market forces are compelling action on a state, federal and international level, and what can be expected on Day Two of the negative oil price era.
Kurt and Cameron talk about how oil prices, state and federal politics are impacting oilfield service companies, and what that means for an (eventual) turnaround. Read Kurt's summary of the Texas Railroad Commission's prorationing hearing here: https://www.worldoil.com/magazine/2020/april-2020/special-focus/world-oil-analysis-texas-railroad-commissioners-face-difficult-decision-on-prorationing...
Kurt and Cameron discuss oil's crossing of an important psychological milestone, what the Saudis are doing in advance of the OPEC+ cuts taking effect, and an in-depth look at the historic TRRC meeting, and the long-range impact of a decision by the regulator either for or against prorationing oil production in Texas.
Kurt and Cameron talk about how the market has reacted to the OPEC+ deal in the first day of trading, the RRC's open meeting to discuss prorationing in Texas, and how trade associations are reacting to the market. Read Texas Railroad Commissioner Ryan Sitton's press release here: https://www.worldoil.com/news/2020/4/13/sitton-rrc-should-be-open-to-evaluating-any-path-at-tuesday-s-hearing...
Analyst and author Simon Watkins and World Oil EIC Kurt Abraham take and in-depth look at the opportunities, the compromises, and the challenges facing every major oil and gas player following the historic OPEC+ production cut agreement. Cameron referenced Simon's previous visit to the show, where he offered a thorough history of the U.S.-Saudi relationship, and how those deep ties are affecting current policy decisions. Listen to that episode here: https://blubrry.com/worldoilsdailybrief/572434...
Kurt and Cameron take on the fallacy of a "free market" for oil, what non-OPEC+ members are ready to do for a deal, and who (if anyone) the U.S. Department of Energy is trying to help in all this. Find the rundown of key OPEC+ players Cameron mentioned in today's show here: https://www.worldoil.com/news/2020/4/7/a-look-at-the-major-players-in-this-week-s-opecplusplus-meeting...
