U.S. Oil Drillers Ramp Up Output Amid Higher Prices
U.S. Oil Drillers Ramp Up Output Amid Higher Prices
Permian rig count reached the highest level since April 2020 last week.
Supply chain disruptions and labor shortages are trumped by optimism about demand.
Enterprise Product Partners: U.S. oil production will reach 12.4 million bpd this year, up by 800,000 bpd from 2021.
2022/04/15 20:45
Oil Prices Continue To Rally As EIA Confirms Crude Inventory Draw
Oil Prices Continue To Rally As EIA Confirms Crude Inventory Draw
Oil Prices Continue To Rally As EIA Confirms Crude Inventory Draw
2022/03/31 20:48
The UAE and Saudi Arabia look to boost production capacity this decade.
OPEC Looks Beyond Politics, Focuses On Long-Term Production Plans
Gulf oil producers slam hypocritical attitude towards fossil fuels.
The UAE and Saudi Arabia look to boost production capacity this decade.
OPEC has its priorities, and it is sticking to them, even in the face of growing pressure from its political partners in the West.
2022/03/31 20:44
U.S. crude production is expected to reach a record high in 2023 due to soaring oil prices and natural gas production will also increase as demand for exports grows.
Oil Will Still Dominate The U.S. Energy Market In 2050
While the energy transition is undoubtedly underway, the EIA believes oil and gas will continue to dominate the U.S. energy mix in 2050 as population and economic growth boost energy demand.
Electric vehicles are expected to become more popular in the coming decades but gasoline cars will still make up 79 percent of sales in 2050.
U.S. crude production is expected to reach a record high in 2023 due to soaring oil prices and natural gas production will also increase as demand for exports grows.
2022/03/25 18:19
Seaborne crude oil exports from Russia have been higher so far this month compared to February.
Russian Oil Exports Rise Despite Reluctant Buyers
Seaborne crude oil exports from Russia have been higher so far this month compared to February.
Petro-Logistics sees the first signs that “a bit more oil” is heading to China, as well as to India.
Some vessels are struggling to find a buyer.
2022/03/18 20:35
Replacing Russian oil will prove to be a difficult task, and it may not even be possible without the help of OPEC.
Only OPEC Can Help The West Replace Russian Oil
Energy prices have skyrocketed since the beginning of Russia’s assault on Ukraine, and analysts expect them to continue rising.
The United States has banned all imports of Russian energy, and other allies could be right on their heels.
Replacing Russian oil will prove to be a difficult task, and it may not even be possible without the help of OPEC.
2022/03/10 09:23
high oil prices could result in demand destruction.
The One Bearish Catalyst For Oil Right Now
Oil is now holding near its highest level since 2008.
Consumers and industries alike are beginning to feel the sting.
Some analysts are predicting that sustained high oil prices could result in demand destruction.
2022/03/10 09:16
Big Oil’s exodus from Russia is due in part to the workers on the ground refusing to welcome Russian supplies.
Employees Are Pressuring Big Oil Firms To Pull The Plug On Russia
Big Oil’s exodus from Russia is due in part to the workers on the ground refusing to welcome Russian supplies.
In the U.K., dock workers have taken a stand by refusing to unload Russian oil and gas.
Unions and workers in Australia, Canada and the U.S. have also joined the efforts to halt the delivery of Russian oil and gas cargoes.
2022/03/10 09:03
Venezuela -the largest oil reserves in the world was driven by a breakdown in the rule of law and the disintegration of government institutions.
Charting The Collapse Of Latin America’s Largest Oil Nation
Venezuela -the largest oil reserves in the world was driven by a breakdown in the rule of law and the disintegration of government institutions.
2022/02/25 18:27
A larger variety of clean energy sectors are receiving attention from oil and gas majors, with a renewed focus on hydrogen, electric vehicle charging, and biofuel projects.
Big Oil Is Spending Serious Money On Clean Energy
Global spending on clean energy climbed 27 percent in 2021, hitting a record high of $755 billion according to a Bloomberg New Energy report.
Oil and gas companies are playing an increasingly important role in this sector, with upstream oil and gas producers completing 81 clean energy deals in 2021.
A larger variety of clean energy sectors are receiving attention from oil and gas majors, with a renewed focus on hydrogen, electric vehicle charging, and biofuel projects.
2022/02/19 16:16
there are signs that the outlook for the country’s petroleum industry is improving.
Colombia’s Oil Industry Is Finally Showing Signs Of Life
The fallout from the pandemic and civil unrest across Colombia has left its oil industry in a state of crisis.
Colombia’s dire hydrocarbons shortage is weighing heavily on the Andean nation’s petroleum-dependent economy.
Nevertheless, despite those hazards and the risks they pose to Colombia, there are signs that the outlook for the country’s petroleum industry is improving.
2022/02/11 19:23
The Supreme Court Case That Could Transform Energy Markets
The Supreme Court Case That Could Transform Energy Markets
The Supreme Court Case That Could Transform Energy Markets as below:
2021/12/21 17:35
U.S. Oil Drillers Ramp Up Output Amid Higher Prices
U.S. Oil Drillers Ramp Up Output Amid Higher Prices
Permian rig count reached the highest level since April 2020 last week.
Supply chain disruptions and labor shortages are trumped by optimism about demand.
Enterprise Product Partners: U.S. oil production will reach 12.4 million bpd this year, up by 800,000 bpd from 2021.
Oil Prices Continue To Rally As EIA Confirms Crude Inventory Draw
Oil Prices Continue To Rally As EIA Confirms Crude Inventory Draw
Oil Prices Continue To Rally As EIA Confirms Crude Inventory Draw
The UAE and Saudi Arabia look to boost production capacity this decade.
OPEC Looks Beyond Politics, Focuses On Long-Term Production Plans
Gulf oil producers slam hypocritical attitude towards fossil fuels.
The UAE and Saudi Arabia look to boost production capacity this decade.
OPEC has its priorities, and it is sticking to them, even in the face of growing pressure from its political partners in the West.
U.S. crude production is expected to reach a record high in 2023 due to soaring oil prices and natural gas production will also increase as demand for exports grows.
Oil Will Still Dominate The U.S. Energy Market In 2050
While the energy transition is undoubtedly underway, the EIA believes oil and gas will continue to dominate the U.S. energy mix in 2050 as population and economic growth boost energy demand.
Electric vehicles are expected to become more popular in the coming decades but gasoline cars will still make up 79 percent of sales in 2050.
U.S. crude production is expected to reach a record high in 2023 due to soaring oil prices and natural gas production will also increase as demand for exports grows.
Seaborne crude oil exports from Russia have been higher so far this month compared to February.
Russian Oil Exports Rise Despite Reluctant Buyers
Seaborne crude oil exports from Russia have been higher so far this month compared to February.
Petro-Logistics sees the first signs that “a bit more oil” is heading to China, as well as to India.
Some vessels are struggling to find a buyer.
Replacing Russian oil will prove to be a difficult task, and it may not even be possible without the help of OPEC.
Only OPEC Can Help The West Replace Russian Oil
Energy prices have skyrocketed since the beginning of Russia’s assault on Ukraine, and analysts expect them to continue rising.
The United States has banned all imports of Russian energy, and other allies could be right on their heels.
Replacing Russian oil will prove to be a difficult task, and it may not even be possible without the help of OPEC.
high oil prices could result in demand destruction.
The One Bearish Catalyst For Oil Right Now
Oil is now holding near its highest level since 2008.
Consumers and industries alike are beginning to feel the sting.
Some analysts are predicting that sustained high oil prices could result in demand destruction.
Big Oil’s exodus from Russia is due in part to the workers on the ground refusing to welcome Russian supplies.
Employees Are Pressuring Big Oil Firms To Pull The Plug On Russia
Big Oil’s exodus from Russia is due in part to the workers on the ground refusing to welcome Russian supplies.
In the U.K., dock workers have taken a stand by refusing to unload Russian oil and gas.
Unions and workers in Australia, Canada and the U.S. have also joined the efforts to halt the delivery of Russian oil and gas cargoes.
Venezuela -the largest oil reserves in the world was driven by a breakdown in the rule of law and the disintegration of government institutions.
Charting The Collapse Of Latin America’s Largest Oil Nation
Venezuela -the largest oil reserves in the world was driven by a breakdown in the rule of law and the disintegration of government institutions.
A larger variety of clean energy sectors are receiving attention from oil and gas majors, with a renewed focus on hydrogen, electric vehicle charging, and biofuel projects.
Big Oil Is Spending Serious Money On Clean Energy
Global spending on clean energy climbed 27 percent in 2021, hitting a record high of $755 billion according to a Bloomberg New Energy report.
Oil and gas companies are playing an increasingly important role in this sector, with upstream oil and gas producers completing 81 clean energy deals in 2021.
A larger variety of clean energy sectors are receiving attention from oil and gas majors, with a renewed focus on hydrogen, electric vehicle charging, and biofuel projects.
there are signs that the outlook for the country’s petroleum industry is improving.
Colombia’s Oil Industry Is Finally Showing Signs Of Life
The fallout from the pandemic and civil unrest across Colombia has left its oil industry in a state of crisis.
Colombia’s dire hydrocarbons shortage is weighing heavily on the Andean nation’s petroleum-dependent economy.
Nevertheless, despite those hazards and the risks they pose to Colombia, there are signs that the outlook for the country’s petroleum industry is improving.
The Supreme Court Case That Could Transform Energy Markets
The Supreme Court Case That Could Transform Energy Markets
The Supreme Court Case That Could Transform Energy Markets as below:

Oil And Gas Companies Set For Record Free Cash Flow This Summer

2021/06/25 15:28
Oil And Gas Companies Set For Record Free Cash Flow This Summer

With oil trading above $70 per barrel while investment activity remains low, the world’s publicly traded exploration and production (E&P) companies are set to generate record-breaking free cash flows (FCF) in 2021, a Rystad Energy report projects. Their combined FCF is expected to surge to $348 billion this year, with the previous high being $311 billion back in 2008.

Rystad Energy estimates that total gross revenue for all public upstream companies is expected to increase by almost $500 billion in 2021, or 55% compared to last year (excluding hedging effects). At the same time, the investment level of these companies is only expected to grow by around 2% in 2021, resulting in significantly higher profits.

A key reason for the all-time-high FCF is the turnaround in the US tight oil industry. Historically, this industry has struggled to generate positive returns, but this could change in 2021. We estimate that all public tight oil companies will to make close to $60 billion in FCF this year, before hedging effects.

The conventional onshore supply segment is in line to earn the highest level of FCF this year at close to $160 billion – but is still behind the record touched in 2011. Both deepwater and offshore shelf are recovering this year, each ending up with close to $60 billion in FCF. However, tight oil is expected to surpass both these offshore segments in 2021.

“Oil demand has gradually increased after the initial shock of the Covid-19 pandemic, and OPEC+ continues to hold back volumes from the market. The consequent high price movement has been further supported by a slow ramp-up in US tight oil activity. In conjunction with the persisting low investment environment, E&Ps are enjoying super-profits,” says Espen Erlingsen, head of upstream research at Rystad Energy.

The FCF comeback means more surplus cash for E&P companies and historically there has been a strong link between FCF and activity levels. Merger and acquisition (M&A) activity has recovered in 2021, with transaction values increasing by around 30% compared to 2020. New projects are also making a comeback: The amount of greenfield investment that has been sanctioned as of June has already matched the full year 2020 total, and we expect the full 2021 level to be double that of last year.