Parliament Reconvenes In Baghdad?s Gree Zone

An oil export agreement between Iraqi Kurdistan and central government leadership in Baghdad is expected in days according to reports. The two sides have been meeting at a conference in Turkey. A new pipeline is being constructed that is expected to transport 1 million barrels of oil per day from Kurdistan to Turkey for export… Keep reading →

Electronic Car Maker Telsa Reports Quarterly Earnings

States are battling to entice Tesla Motors to construct a $5 billion lithium-ion battery plant within their borders that could bring as many as 6,500 jobs. This Greentech Media article highlights recent news coming from each potential location – Texas, Nevada, New Mexico and Arizona – and suggests reasons why the factory should be built… Keep reading →

Iraq Signs Contracts With Foreign Oil Companies

Incremental Iraqi oil production growth will play a critical role in the medium-term global oil market and increasingly demand Opec’s attention, as other producing countries will need to cut output to avoid flooding the market and potentially reducing the price of oil upon which their economies rely. This Congressional Research Service report focuses on politics,… Keep reading →

OPEC Ministers Attend Conference In Iran

A few years ago international oil companies were sharpening their drill bits in anticipation of re-entering Iraq’s post-Saddam Hussein oil industry, and now a similar situation is developing in Iran as plans to ease western-led economic sanctions progress. Potential investment opportunities in Iran – from upstream oil and gas to petrochemicals – have IOCs paying… Keep reading →

Iraq Signs Contracts With Foreign Oil Companies

Barclays’ senior geopolitical strategist Helima Croft is heavily quoted in this piece about the potential for escalating Iraqi violence to negatively impact the country’s oil & gas industry. “If they could get the political and security situation under control, Iraq could have tremendous upside advantage for investors. It would be a fantastic growth story,” said… Keep reading →

Iraq Signs Contracts With Foreign Oil Companies

Amid much hype and excitement, international oil companies that had been chomping at the bit for years to get into Iraq finally got their chance in 2009 when the country hosted its first post-Saddam Hussain oil field development bid rounds. After much confusion and a generally failed first bid round, the second resulted in several… Keep reading →

Iraq Signs Contracts With Foreign Oil Companies

The oil production targets agreed to in Iraq’s service contracts with international oil companies in 2009 were unrealistic from the start for technical and political reasons, and it now appears output thresholds at several of the country’s largest fields will be scaled back. [Wall Street Journal] A small bankrupt energy company is seeking to force… Keep reading →

Santa Ana Winds And Hot Conditions Stoke Wildfire In Ventura CountyÊ

Amid all the uproar over the US’s surprising oil production growth of the last few years, some oil market watchers may have inflated expectations of just how well-supplied the market is. US onshore oil supply growth has helped to boost global oil market supply, helping to insulate prices from the impact of disruptions, such as… Keep reading →

Oil Ministers Attend 127th OPEC Meeting

Apparently very little, according to traders and analysts polled by Bloomberg last week. The poll of 24 oil market observers had 22 predict Opec members would leave the current 30 million barrel per day production limit unchanged when they meet in Vienna on December 4th. Much has been made of the light, sweet barrels pushed… Keep reading →

Northeast Debates Benefits And Dangers Of Hydrofracking

We are at a transformational moment in energy history. Just a few years ago, all energy projections forecast increased imports, increased scarcity, and increased natural gas prices. Today, we’ve shifted from scarcity to abundance. U.S. oil production has increased by 2.5 million barrels per day (B/D) since 2010. This year, the United States overtook Saudi… Keep reading →

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