Speculation is in the air, but it’s not on Wall Street or at some commodity trader’s desk at the Chicago Mercantile Exchange. It comes from China. Earlier this week, both foreign and domestic media reported that two of China’s national oil companies (NOCs), Sinopec and PetroChina, (the country’s two largest oil exploration companies) could merge.… Keep reading →
Oil Majors
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We will never sell or share your information without your consent. See our privacy policy.Energy Executive Insight: BP’s Leigh-Ann Russell, VP of Performance, Global Wells Organization
By Breaking EnergyThis is the first installment in our Energy Executive Insight Series that gives executives at major energy companies an opportunity to share knowledge and experiences about the energy industry, their careers and their organizations. What has been the biggest positive energy industry change since the start of your career? Historically the oil and gas industry has… Keep reading →
Energy Quote of the Day: ‘We Will Always be Able to do Things Here that the Majors Cannot.’
By Jared AndersonAubrey McClendon built a reputation for bucking industry views while he built Chesapeake Energy into one of the largest US natural gas producers by volume and helped pioneer the country’s unconventional resource revolution led by independent producers. McClendon also gained a reputation for bleeding shareholder cash as Chesapeake amassed a huge debt load before his… Keep reading →
Energy News Roundup: Argentina’s Dead Cow a Cash Cow? Renewable Energy Country Index and Scotland Independence Vote
By Jared AndersonArgentina needs foreign technical and financial assistance to tap its considerable shale resources. Unable to access international debt and capital markets after a recent default, the country is restructuring legislation to make investment opportunities more attractive to international oil companies. [Reuters] Global accounting firm Ernst & Young released its latest quarterly Renewable Energy Country Attractiveness… Keep reading →
Major oil and gas companies’ recent record of bringing large projects on stream within projected timeframes and budgets leaves much to be desired. Ernst & Young analyzed the performance of 365 megaprojects – those costing over $1 billion – and found 64% face cost overruns and 73% face delays. See Kashagan in Kazakhstan as one… Keep reading →
Energy News Roundup: Global Warming or Climate Change? Mexico’s Gain is Africa’s Loss & SpaceX Goes Solar
By Jared AndersonPick your poison, but the two widely-used terms elicit different reactions from various segments of the US population and demographic strata. “Global warming” also poses a greater sense of threat to one’s self and one’s family, especially for women, Hispanics, African-Americans, Democrats, Independents and Republicans. Actually, the report notes that “climate change appears to actually reduce issue engagement”… Keep reading →
Energy News Roundup: Transco Pipeline to Supply Sabine Pass, Exxon in Russia and 1 Billion Bakken Barrels
By Jared AndersonWilliams Partners subsidiary Transcontinental Pipeline will build a 1.2 million dekatherm per day expansion to supply the Cheniere Energy Partners Sabine Pass Liquefaction project being developed in Cameron Parish, La. “Gulf Trace is a pivotal project at an extremely important time for Transco and the U.S. natural gas industry as a whole,” said Rory Miller,… Keep reading →
Energy News Roundup: Banks, Commodities, Putin’s Energetic Confidence and Oil by Rail Regulations
By Jared AndersonSome banks are sticking it out in commodities as several others exit the business amid onerous regulations and decreasing profitability. The banks that stick around – including Goldman Sachs – face less competition. [Bloomberg] Putin feels emboldened by the fact that major western oil companies remain committed to Russia despite the current souring of relations… Keep reading →
The changing global oil refining picture has seen several mid-range to large companies spin off their downstream operations in recent years, but the trend has yet to travel up the food chain to the world’s largest oil companies, despite pressure from investors to do so. Examples of companies that divested downstream assets include Hess and… Keep reading →
Gulf of Mexico to Drive Global Deep-Water Drilling Innovation
By Roman KilisekThe Federal Gulf of Mexico is one of the fastest-growing offshore markets with yet-to-be-discovered potential of about 48 billion barrels of oil, according to various US data. The latest EIA data allocate 17% of US crude oil production in 2013 to the federal offshore Gulf of Mexico. Could the future of the US oil industry… Keep reading →