Rating

ShareThis

Wednesday, October 21, 2015

U.S. #oil output almost back down to level of last #OPEC meeting

Interesting chart from this Bloomberg article: OPEC is about to crush the US oil boom.



Key Points

Saudis oil strategy appears to be working:

1.       Oil prices remains 33% percent lower than when OPEC revealed its strategy on Nov. 27.
2.       U.S. crude production has retreated about 500,000 barrels a day from the three-decade peak reached in June to 9.1 million a day in the week to Oct. 9, according to data from the Energy Information Administration.
3.       The losses will accelerate next year with a drop of 390,000 barrels a day in annual average production to 8.86 million barrels a day, according to the EIA. OPEC's fortunes will improve as the U.S. declines, with the IEA predicting demand for the group's crude climbing to 31.1 million barrels a day next year from 29.3 million in 2014

Wednesday, October 7, 2015

#Solar & Wind Reach a Big #Renewables Turning Point : BNEF - Bloomberg Business

"As more renewables are installed, coal and natural gas plants are used less...[and] the cost of using them to generate electricity goes up. As the cost of coal and gas power rises, more renewables will be installed. "
image1.PNG

The virtuous cycle has begun.

This from Bloomberg:

Solar and Wind Just Passed Another Big Turning Point

Wind power is now the cheapest electricity to produce in both Germany and the U.K., even without government subsidies, according to a new analysis by Bloomberg New Energy Finance (BNEF). It's the first time that threshold has been crossed by a G7 economy.
But that's less interesting than what just happened in the U.S. 
To appreciate what's going on there, you need to understand the capacity factor. That's the percentage of a power plant's maximum potential that's actually achieved over time.
Consider a solar project. The sun doesn't shine at night and, even during the day, varies in brightness with the weather and the seasons. So a project that can crank out 100 megawatt hours of electricity during the sunniest part of the day might produce just 20 percent of that when averaged out over a year. That gives it a 20 percent capacity factor.
One of the major strengths of fossil fuel power plants is that they can command very high and predictable capacity factors. The average U.S. natural gas plant, for example, might produce about 70 percent of its potential (falling short of 100 percent because of seasonal demand and maintenance). But that's what's changing, and it's a big deal. 
For the first time, widespread adoption of renewables is effectively lowering the capacity factor for fossil fuels. That's because once a solar or wind project is built, the marginal cost of the electricity it produces is pretty much zero—free electricity—while coal and gas plants require more fuel for every new watt produced. If you're a power company with a choice, you choose the free stuff every time. 
It’s a self-reinforcing cycle. As more renewables are installed, coal and natural gas plants are used less. As coal and gas are used less, the cost of using them to generate electricity goes up. As the cost of coal and gas power rises, more renewables will be installed. 

The virtuous cycle has begun.

image1.PNGSource: Bloomberg
Wind and solar have long made up a small fraction of U.S. electricity—about 5 percent in 2014. But production has been rising at an exponential rate, and those two energy sources are now big enough to influence when coal and natural gas plants are kept running, according to BNEF.
There are two reasons this shift in capacity factors is important. First, it's yet another sign of the rising disruptive force of renewable energy in power markets. It's impossible to brush aside renewables in the U.S. in the same way it might have been just a few years ago.  "Renewables are really becoming cost-competitive, and they're competing more directly with fossil fuels," said BNEF analyst Luke Mills. "We're seeing the utilization rate of fossil fuels wear away." 
Second, the shift illustrates a serious new risk for power companies planning to invest in coal or natural-gas plants. Historically, a high capacity factor has been a fixed input in the cost calculation. But now anyone contemplating a billion-dollar power plant with an anticipated lifespan of decades must consider the possibility that as time goes on, the plant will be used less than when its doors first open. 

Capacity Factors Take a Sharp Turn

image2.PNGSource: Bloomberg, Data: BNEF
Most of the decline in capacity factors is due to expensive "base-load plants that are being turned on less because of renewables," according to BNEF analyst Jacqueline Lilinshtein. Plants designed to come online only during the highest demand of the year, known as peaker plants, play a smaller role. In either case, the end result is that coal-fired and gas-fired electricity is becoming more expensive and the profits less predictable.
The opposite is true of wind and solar, as well as new battery systems that can be paired with renewables to replace some peaker plants. Wind power, including U.S. subsidies, became the cheapest electricity in the U.S. for the first time last year, according to BNEF. Solar power is a bit further behind, but the costs are dropping rapidly, especially those associated with financing a new project. 

Latest Solar Costs by State

image3.PNGSource: BNEF, Annotated by Bloomberg
The economic advantages of wind and solar over fossil fuels go beyond price. Still, it's remarkable that in every major region of the world, the lifetime cost of new coal and gas projects are rising considerably in the second half of 2015, according to BNEF. And in every major region the cost of renewables continues to fall. 


Solar & Wind Reach a Big Renewables Turning Point : BNEF - Bloomberg Business





Share
-- The MasterFeeds

Friday, September 25, 2015

#Iran's Next Challenge: Courting #Oil Investors

Iran is preparing to formally open up its economy to Western investment, a prospect that has drawn the attention of the world's biggest oil companies. But Tehran may have more difficulty reviving its oil and natural gas sector than it hopes. On Sept. 24, the organizers of the Iran Oil and Gas Summit announced that the event would be delayed until February 2016. Originally set for Dec. 14-16, the London conference is important because it will officially mark the start of Iran's economic reintegration with the rest of the international community. At the summit, Iran plans to unveil the final draft of its new petroleum contract, which is expected to lay out significantly more attractive investment terms for international oil companies than seen in previous models.
The conference, delayed for the fourth time, will now align more closely with the expected timetable for the easing of sanctions outlined in the Iranian nuclear deal, known formally as the Joint Comprehensive Plan of Action, released in July. According to that schedule, sanctions will probably be lifted sometime during the first quarter of 2016. Because the sanctions have prohibited Western companies from participating in Iran's oil and natural gas sector for several years, their removal is key to Iran's goal of bringing its production and exports back online. But even if the West eases sanctions and Iran successfully attracts the interest of major international energy companies, as will likely happen, Tehran will struggle to meet its long-term goal of producing 6 million barrels of oil per day. 
Read the whole analysis on Stratfor here: Iran's Next Challenge: Courting Oil Investors

Monday, September 21, 2015

The #Shale Delusion: Why The Party’s Over For U.S. Tight #Oil | OilPrice.com

#Opec/ #SaudiArabia has so far won in maintaining market share as U.S. Tight oil production declines, and "with #Iran poised in early 2016 to add almost as much oil as the amount of the U.S. production decline to date, the outlook for tight oil producers could not be worse."

The shale delusion: Why the party is over for U.S. tight oil

An employee works on oil pumping gear, also known as nodding donkeys or pump jacks, at an oil plant operated by MND AS in Uhrice, Czech Republic, on Monday, March 23, 2015. Oil rose as the dollar weakened for a third day, making commodities priced in the U.S. currency more attractive to investors. Photographer: Martin Divisek/Bloomberg
The party is over for tight oil. Despite brash statements by U.S. producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies. Reports this week from IEA and EIA paint a bleak picture for oil prices as the world production surplus continues.

The EIA said that U.S. production will fall by 1 million barrels per day over the next year and that, “expected crude oil production declines from May 2015 through mid-2016 are largely attributable to unattractive economic returns.”

IEA made the point more strongly.

“..the latest price rout could stop US growth in its tracks.”

In other words, outside of the very best areas of the Eagle Ford, Bakken and Permian, the tight oil party is over because companies will lose money at forecasted oil prices for the next year.

Global supply and demand fundamentals continue to worsen
IEA data shows that the current second-quarter 2015 production surplus of 2.6 million barrels per day is the greatest since the oil-price collapse began in 2014 (Figure 1).

Screenshot 2015-09-18 11.47.50

EIA monthly data for August also indicates a 2.6 million barrel per day production surplus, an increase of 270,000 barrels per day compared to July (Figure 2).

Screenshot 2015-09-18 11.48.08

It further suggests that the August production surplus is because of both a production (supply) increase of 85,000 barrels per day and a consumption (demand) decrease of 182,000 barrels per day compared to July.

The world oil demand growth picture is discouraging despite an increase in U.S. gasoline consumption (Figure 3).

Screenshot 2015-09-18 11.49.48

World liquids year-over-year demand growth has fallen by almost half from 2.3 percent in September 2014 to 1.2 percent in August 2015. This is part of overall weak demand in a global economy that has been severely weakened by debt.

The news from both IEA and EIA is, of course, terrible for those hoping for an increase in oil prices.

U.S. production has fallen 510,000 barrels of crude oil per day since April 2015 while OPEC production has increased 1.2 million barrels per day since the beginning of the year (Figure 4). U.S. production increases in the first quarter of 2015 were partly because of an oil-price rally that ended badly this summer, and because of new projects coming on-line in the Gulf of Mexico.

Screenshot 2015-09-18 11.50.22

It appears that OPEC is winning the contest with U.S. tight oil producers to see which can continue to over-produce oil at low prices. IEA ended its September Oil Monthly Reportsaying,”On the face of it, the Saudi-led OPEC strategy to defend market share regardless of price appears to be having the intended effect of driving out costly, “inefficient” production.”

Wednesday, June 3, 2015

#Nigeria: Too much of a good thing #oil @FT

Lex


Nigeria
has plenty of oil and nowhere to put it. The country produces 2m
barrels per day of a lighter, premium crude that refiners around the
world dislike. After a decade of investment in equipment that can handle
lower quality crudes, refiners feel no need to pay up for lighter
grades.







Nigerian crudes commanded an average $2.50 per barrel premium over
the benchmark Brent price between 2010 and 2014. That spread has
collapsed to 50 cents. This is not just Nigeria’s problem. It could
become one for Opec, as well.



Read the whole article online here:  Nigeria: oil excess - FT.com




Saturday, May 23, 2015

We’re Are About to see Millions of Barrels of #Oil get vaporized @Bloomberg



Millions of barrels of untapped oil that U.S. shale drillers discovered during the boom years are about to disappear from their inventories.

Six years ago, the industry pushed the Securities and Exchange Commission to make it easier for companies to claim proved reserves for wells that wouldn’t be drilled for years. Some prospects considered sure-things when crude was $95 a barrel are money losers at today’s $60. When crude
crashed in 2008, 44 U.S. companies wiped 630 million barrels from their books.



Now the stakes are higher. Of all the proved reserves of oil and natural gas liquids found by the 44 companies since 2008, more than half -- 5.4 billion barrels out of the 9.7 billion -- is attributed to wells that don’t exist yet, according to data compiled by Bloomberg.


“We’re going to see a lot of proved undeveloped reserves get vaporized,” said Ed Hirs, a managing director at Houston-based Hillhouse Resources LLC, an independent energy company, who also teaches energy economics at the University of Houston. “It could easily be 10 or 20
years before some of these wells get drilled if prices stay at these levels.”


Read the whole article online here: Millions of Barrels of Oil Are About to Vanish - Bloomberg Business




Tuesday, April 28, 2015

Mercuria rises on JPMorgan assets buy http://t.co/5ocZtNUSVB #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 09:58PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Groups ask SEC to investigate Shell: Company is accused of not adequately disclosing oil spill r... http://t.co/knELlZcS3d #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 09:58PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

China oil traders become stronger force http://t.co/egm1eybRkx #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 08:34PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Mercuria rises on JPMorgan assets buy: Earnings lifted by acquisition of bank’s oil and metals b... http://t.co/HZo5et0QbD #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 08:33PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Pope to weigh in on climate change action: Encyclical expected in June will take aim at fossil f... http://t.co/vQl3FCVtXa #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 08:33PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Freeport LNG raises cash for third train: Full three-train operation is expected online by third... http://t.co/5HUqJf9fNu #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 08:33PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Mercuria rises on JPMorgan assets buy http://t.co/H5bHnFwzfl #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 08:33PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Pope to weigh in on climate change action http://t.co/tHwJZIyvxV #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 08:33PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Nigeria state group siphons oil revenues http://t.co/SBtaExN3cI #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 08:33PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Freeport LNG raises cash for third train http://t.co/yWP3B3kE3n #MasterEnergy #live


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 08:33PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Oil price: BP profits hit by low crude prices - The Week UK http://t.co/nFHa7F6qfz #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 07:07PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Stocks rise, oil sells off as Iran vessel incident cools - CNBC http://t.co/we2UMonlli #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 07:07PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Investors reject Barrick Gold pay plan: Chairman John Thornton pledges to rethink executive remu... http://t.co/rC7m2TWjIW #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 07:07PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Oil price: BP profits hit by low crude prices - The Week UK: The Week UKOil price: BP profits hi... http://t.co/MbDlWG4VZa #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 07:07PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Stocks rise, oil sells off as Iran vessel incident cools - CNBC: CNBCStocks rise, oil sells off ... http://t.co/Rh9QItGSw7 #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 07:07PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Investors reject Barrick Gold pay plan http://t.co/KMaDKTH1pG #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 07:07PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

The #MasterEnergy Daily is out! http://t.co/r91k4LPOuZ Stories via @ECOPETROL_SA


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 06:07PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Crude Oil Gains Amid Report Iran Seized US Vessel - Bloomberg http://t.co/FKslKi4cG4 #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 05:49PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Novatek posts quarterly profit http://t.co/g7B4AcQ4wq #MasterEnergy #live


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 05:49PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Oil Prices Gain on Report of Ship Seizure - Wall Street Journal http://t.co/oXh1CXVvky #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 05:49PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

BP eyes Mad Dog 2 FID this year http://t.co/9knojNVHz8 #MasterEnergy #live


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 05:49PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

How Microbes Helped Clean BP's Oil Spill - Scientific American http://t.co/KqBKl6QkNq #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 05:49PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Crude Oil Gains Amid Report Iran Seized US Vessel - Bloomberg: BloombergCrude Oil Gains Amid Rep... http://t.co/iHs6E4bksg #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 05:49PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Novatek posts quarterly profit: Russian gas producer sees higher profit but is hit by foreign ex... http://t.co/YoYwyYfC8l #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 05:49PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Oil Prices Gain on Report of Ship Seizure - Wall Street Journal: Wall Street JournalOil Prices G... http://t.co/VotR69v86D #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 05:49PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

BP and Total rely on refining for profit http://t.co/JzWPewlPq8 #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 04:08PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Russia's Mechel 2014 ROM #coal production slips 19% on year to 22.6 mil mt http://t.co/j9gMNyZCe8 #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 04:08PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Portrush on Shell radar screen http://t.co/fLbdsS9ZhO #MasterEnergy #live


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 04:08PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

BP and Total rely on refining for profit: Pouyanné lauds the virtues of integrated business, com... http://t.co/9sKGHm6YpK #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 04:08PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Russia's Mechel 2014 ROM coal production slips 19% on year to 22.6 mil mt: Russia's Mechel produ... http://t.co/h5N8CyPpxU #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 04:08PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Portrush on Shell radar screen: Anglo-Dutch explorer lines up Norwegian Sea wildcat for drilling... http://t.co/FLgZ3W3Q3a #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 04:08PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Red ink for Sinopec unit http://t.co/OIdwAvidgw #MasterEnergy #live


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 03:04PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

NWE methanol spot price to stay high on supply problems, strong crude: sources http://t.co/aBLd2jQgJO #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 03:04PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Gasoline Med/NWE spread at five-week high on North Africa demand http://t.co/rmtQQyhi46 #MasterEnergy #oil


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 03:04PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Seplat sees profits fall http://t.co/bBHFu0prIE #MasterEnergy #live


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 03:04PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Red ink for Sinopec unit: Oilfield service contractor sees loss as spending cuts take toll amid ... http://t.co/LAsiFiQHWj #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 03:04PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

NWE methanol spot price to stay high on supply problems, strong crude: sources: Northwest Europe... http://t.co/dauxsHMS75 #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 03:04PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Seplat sees profits fall: Nigerian independent posts lower crude revenues, but increased sales f... http://t.co/tFVXyUESz2 #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 03:04PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

NOV profit chopped http://t.co/1EIKJdPFth #MasterEnergy #live


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 01:28PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

BP Reports Fall in First-Quarter Profit Amid Weaker Oil Prices - Wall Street… http://t.co/9EcFkHTNiN #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 01:27PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Oilex completes Cambay-73 facilities http://t.co/WjXwNCbkDO #MasterEnergy #live


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 01:27PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

NOV profit chopped: Bottom line dented by writedowns, retirement programme and foreign tax http://t.co/AFPiaiQZwq #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 01:27PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

BP Reports Fall in First-Quarter Profit Amid Weaker Oil Prices - Wall Street Journal: Wall Stree... http://t.co/CgkLXcwET2 #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 01:27PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Oilex completes Cambay-73 facilities: Australian junior to assess nearby legacy wells for possib... http://t.co/BvQiNQXmXM #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 01:27PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Horse Hill to undergo flow test http://t.co/eXHfGNe7c2 #MasterEnergy #live


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 12:11PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Lien 'tough line' on Snorre 2040 http://t.co/kKkWhi9vGp #MasterEnergy #live


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 12:11PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Norway suffers 17 million cu m/day gas field outages: Gassco http://t.co/PruG9NQgHV #MasterEnergy #naturalgas


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 12:11PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Horse Hill to undergo flow test: Licence in the UK Weald basin awaiting approval for tests to be... http://t.co/RIdZkaHwCy #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 12:11PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Lien 'tough line' on Snorre 2040: Norwegian minister demands Statoil move ahead with stalled IOR... http://t.co/EmOn2yVTao #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 12:11PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Norway suffers 17 million cu m/day gas field outages: Gassco: Norway has been hit by a string of... http://t.co/6BhTBK4TTV #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 28, 2015 at 12:11PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Monday, April 27, 2015

Rusal battles with LME on aluminium price: World’s largest producer of metal claims speculators ... http://t.co/rdMbVxNGte #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 08:04PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

BHP Billiton faces Australian tax dispute: Miner scrutinised by lawmakers over marketing hub in ... http://t.co/ubJ6HycZTU #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 08:04PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Japan's Inpex wins stake in major UAE oil fields - U.S. News & World Report: U.S. News & World R... http://t.co/JSmPPZVOzY #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 08:04PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Rusal battles with LME on aluminium price http://t.co/PBuIhosksm #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 08:03PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

BHP Billiton faces Australian tax dispute http://t.co/AVgyH9n7WT #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 08:03PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Japan's Inpex wins stake in major UAE oil fields - U.S. News & World Report http://t.co/qnIi6A9P5x #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 08:03PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Nigeria's Buhari to Investigate $20bn 'Missing' Oil Money - Newsweek http://t.co/erXxduGHh7 #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 08:03PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Shell and Total delay Africa projects http://t.co/2f0XerIHJG #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 08:03PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

The #MasterEnergy Daily is out! http://t.co/QmrN96JuOb Stories via @PetroMinInforma @NigeriaNewsBeat


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 06:07PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Algeria, Venezuela would target US market with blended crude #oil: source http://t.co/f9LNkQfVxY #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 05:20PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Torc in $355m Canadian assets buy http://t.co/zhYsqIIkGA #MasterEnergy #live


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 05:20PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Sinopec, PetroChina deny merger plans http://t.co/7VUXZBclLf #MasterEnergy #live


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 05:20PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Oil groups have new vigour for cost cuts http://t.co/gkhIbfbWka #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 03:55PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

USG-ARA benzene arbitrage open on NWE price above $900/mt: sources http://t.co/SHfgy2Gf3e #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 03:55PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

UK wholesale natural gas prices climb in line with demand increase http://t.co/mwSSAKRe7F #MasterEnergy #naturalgas


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 03:55PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Schlumberger in Brazil seismic tie-up http://t.co/83IQDkFvzs #MasterEnergy #live


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 03:55PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Sinopec manager under investigation http://t.co/r7ZXRQR5S9 #MasterEnergy #live


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 03:55PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Oil groups have new vigour for cost cuts: Drive for reduced bills from suppliers and better tax ... http://t.co/EufZpdwaHE #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 03:55PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

USG-ARA benzene arbitrage open on NWE price above $900/mt: sources: The US Gulf to Amsterdam-Rot... http://t.co/BbWQJRI9x0 #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 03:55PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Schlumberger in Brazil seismic tie-up: Oilfield services giant in co-operation deal with Spectru... http://t.co/oAjbsKCnob #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 03:55PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Australian NSW rail network for #coal exports still shut after storms http://t.co/Gnms1dzVH6 #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 02:33PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Gasoil CIF Med differential at near 10-week high on stronger physical demand http://t.co/QMSF7wiSwM #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 02:33PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Gulf states feel pinch as prices stay low http://t.co/3XtXIofHF9 #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 02:33PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Tullow on track with TEN #oil field off Ghana after maritime ruling http://t.co/22gSvfkd9c #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 02:33PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Precision takes big profit hit http://t.co/c9a9q5F9yy #MasterEnergy #live


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 02:33PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Australian NSW rail network for coal exports still shut after storms: The rail network for coal ... http://t.co/HCZkJCTNRn #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 02:32PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Gulf states feel pinch as prices stay low: Governments across the region have begun to trim spen... http://t.co/xP7sUQw4JS #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 02:32PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Precision takes big profit hit: Canadian player sees net earnings and revenues drop, as drilling... http://t.co/gnRN4v9DB4 #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 02:32PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

RT @lindseyhilsum: I have just learned that #OmaralBashir has won 94.05% of the vote in #Sudan's presidential election. Who'd have thought it?


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 02:16PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

⬇️ 54%!! @Krohn_DC: #NorthDakota's #oil drilling #rig count is now at 84 rigs, 98 less than this time of year in 2014 http://t.co/LkjfbDz273


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 02:13PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

RT @carbellorin: 2014 PDVSA Consolidated Financial Results-> #PDVSA paid #arbitration award of US$644 million to Gulmar Offshore et al http://t.co/QbQDB7N9u1


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 01:52PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Galp sees profit double http://t.co/Saelmetyip #MasterEnergy #live


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 12:53PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

BP investors need protecting from Cameron http://t.co/iJ9RxXWH5d #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 12:53PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Arctic ice shift 'against law' http://t.co/1rqPXSSnf0 #MasterEnergy #live


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 12:53PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Deflation? Oil's 45 percent rebound could be markets' next headache - Reuters… http://t.co/57nVfSJPJj #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 12:53PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

China seeks united front in reactor push http://t.co/5bs6h7QZek #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 12:53PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

BP investors need protecting from Cameron: Shareholders have paid for the right to determine the... http://t.co/BQHJCM7hWs #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 12:53PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Arctic ice shift 'against law': Green groups 'preparing litigation' to invalide 23rd round off N... http://t.co/2fKKSExaR3 #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 12:53PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Deflation? Oil's 45 percent rebound could be markets' next headache - Reuters UK: Reuters UKDefl... http://t.co/wTuMCL9csG #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 12:53PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Baron resumes Nancy-1 flows http://t.co/rL567NjS2F #MasterEnergy #live


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 11:26AM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Inpex gets Adco stake http://t.co/kmhRj2eDeC #MasterEnergy #live


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 11:26AM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Baron resumes Nancy-1 flows: London-listed player re-starts production at onshore Colombia field... http://t.co/d0BnKHfj67 #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 11:26AM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Inpex gets Adco stake: Japanese player snaps up minority in coveted Abu Dhabi onshore concession http://t.co/URrLuUsk5G #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 11:26AM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Sinopec wins Ain Tsila rig deal: Chinese giant to drill plethora of wells for Sonatrach, Enel an... http://t.co/Hl9IW2fY8e #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 10:21AM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Centrica on course for capex cut: UK gas player sticking to upstream cost-cutting plan and pushe... http://t.co/6CaftiRtXX #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 10:21AM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Tullow moves forward on TEN: Multi-field project off Ghana 'remains on track' after ITLOS reject... http://t.co/yITYtyJIIE #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 10:21AM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Sinopec wins Ain Tsila rig deal http://t.co/J5hP6YsOT3 #MasterEnergy #live


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 10:21AM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Centrica on course for capex cut http://t.co/q9RvqWfNL8 #MasterEnergy #live


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 10:21AM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Tullow moves forward on TEN http://t.co/eAIOzV86pZ #MasterEnergy #live


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 10:21AM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Oil plunge continues to chill Centrica http://t.co/HTQsaOdEfa #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 27, 2015 at 10:21AM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Monday, April 20, 2015

Moftinu serious for Serinus: Romania onshore find seen as commercial prospect for development af... http://t.co/bZJksUdWo0 #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 20, 2015 at 04:08PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Further cost overruns hit Petrofac shares: Chief executive of oil services group says problemati... http://t.co/EqvAJ0eAAX #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 20, 2015 at 02:47PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Oil Drillers Plot Survival Plan - Wall Street Journal: Wall Street JournalOil Drillers Plot Surv... http://t.co/YxDFtWHtJC #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 20, 2015 at 02:47PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Cameron ‘enters Gabon oil row’: UK prime minister sends letter to Gabonese government hoping for... http://t.co/wnd3PdwLEO #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 20, 2015 at 02:47PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

Businesses to unite on green agenda http://t.co/xCQFX53MHY #MasterEnergy


from Twitter http://ift.tt/1pGBSLT

April 20, 2015 at 02:47PM
via IFTTT
The MasterEnergy Blog
MasterEnergy

ShareThis

MasterEnergy News