Energy Intelligence Group

Markets Stabilise After Turbulence Last Week

The recent decision in Energy Intelligence Group, Inc. v. CHS McPherson Refinery, Inc. highlights a circuit split regarding how courts determine the statutory damages available for copyright infringement where multiple copyrighted expressions are at issue.

Kuwait Promises To Increase Oil Production In Case  Of War

We hope everyone had a wonderful Thanksgiving and ate far too much yesterday… PetroChina has agreed to buy 25% of the West Qurna oil field in Iraq from ExxonMobil for an undisclosed sum. An analyst at Sanford Bernstein previously estimated the value of ExxonMobil’s 60% interest in the field at $3 billion. [Bloomberg] An easing… Keep reading →

From Moonscape To Lake District: East Germany's Coal Mines

Coal and oil and gas producer Consol has agreed to sell itsĀ Consolidation Coal Company subsidiary, which holds five West Virginia coal mines, to Murray Energy forĀ $3.5 billion. Consol aims to whittle its assets down to growth markets – natural gas production and coal for export – as the future of US power generation veers more… Keep reading →

The New York Energy Forum held its annual kickoff meeting last Thursday night, where leading market analysts presented their views about where oil and natural gas markets are headed this year. Sanctions-bitten Iranian crude output, the interplay of fundamentals and financial factors in oil markets and the US petroleum output boom were all topics of discussion.

Global benchmark crudes West Texas Intermediate and Brent have been range bound for the past two years and the speakers expected little change in 2013, despite an uptick in global oil demand. Keep reading →