OilPrice.com's picture

About the author:

The No. 1 Source For Oil & Energy News

U.S. Oil Drillers Under Pressure from Low Oil Prices

Date: 22 October 2014

Slumping oil prices are putting pressure on U.S. drillers. The number of active rigs drilling for oil and gas fell by their most in two months, according to the latest data from oil services firm Baker Hughes. There were 19 oil rigs that were removed from operation as of Oct. 17, compared to the prior week. There are now 1,590 active oil rigs, the lowest level in six weeks.

Read more

Energy Companies not to Big to Fail

Date: 14 October 2014

Running a multi-billion dollar energy company isn't easy. Just ask the executives in the corner suites of some of the energy companies that have gone bust over the years. 

Read more

Has China's Appetite for Coal Finally Peaked?

Date: 17 September 2014

A recent report from Greenpeace found that China's coal consumption declined in the first half of this year and new Chinese government data suggests that the country's coal imports have dropped. 

Read more

Why Hasn't The US Sanctioned Gazprom?

Date: 15 May 2014

As tensions between the West and Russia continue to rise over Ukraine, it is notable that no sanctions have yet to be placed on Russia’s state gas giant Gazprom. Given Gazprom's centrality to the Russian economy, it's unlikely that Putin won't react if the company does come in for Western sanctions.

Read more

Russia Looks East As Relations With West Deteriorate

Date: 25 March 2014

The standoff over Ukraine has seen Europe and the U.S. warn Russia of economic isolation. But this is unlikely to matter, as it would only accelerate a Russian pivot towards China – with an imminent multi-billion natural gas deal set be a centerpiece of that strategic shift.

Read more

Why Russia Really Wants Crimea

Date: 18 March 2014

According to some analysts’ estimates, Russia’s incursion into Crimea could cost the country more than $70 billion in economic damage. Yet the determination of Putin to control the breakaway region may be driven by a deeper reason: to gain the wealth of offshore gas and oil reserves; and cut off Ukraine’s hopes of energy independence from Moscow.

Read more

North America: Boundless Natural Gas, Endless Opportunities – Interview With EIA Chief Adam Sieminski

Date: 28 February 2014

The Energy Information Agency (EIA) has predicted that natural gas production in the US will continue to grow at an impressive pace. Right now output is close to 70 billion cubic feet a day and is expected to reach over 100 billion cubic feet per day by 2040. The trend is likely to continue without hitting a geologic “peak”, and along with this trend will come new marketing opportunities for America.

Read more

Why Is Saudi Arabia Supporting Egypt’s Military?

Date: 15 November 2013

Saudi Arabia and Egypt are not the most natural friends. What more, the Saudi government is usually resistant to any form of change or revolution – whether it be internally or across the Arab region. Therefore it came as a surprise when they supported the Egyptian coup in June and went on to provide financial aid. The truth is that Saudi Arabia needs Egypt now as much as Egypt needs Saudi Arabia.

Read more

Kenya’s Oil: The New Success Story In Africa?

Date: 29 October 2013

Barely one year has passed since oil was first struck in Kenya. But with over $100 million in deals pouring into the country from major oil companies, Kenya could be pumping its first commercial oil as early as next year – an astonishing achievement helped by a hundred percent success rate for drilling in various parts of the country so far.

Read more

Kurdistan’s Oil Potential: Why Investors Are Positive Despite High Political Risks

Date: 10 October 2013

Kurdistan is one of the hottest emerging oil prospects today despite continued threats from the central government in Baghdad to clamp down on Kurdish aspirations for oil and gas independence. According to former BP chief and current CEO of Genel Energy, Tony Hayward, exploring for oil and gas in such new frontiers has always been about striking the right balance between geological potential and political risk.

Read more

Egypt: On Sale To The Highest Foreign Bidder?

Date: 24 September 2013

After three years of political and social turmoil, the Egyptian economy can no longer survive without the aid of foreign money. However, the inflow of foreign money has only entrenched the power of the military – who does not care where it gets the money from, as long its own interests are not compromised.

Read more

Pigs in the Pipeline: Why We Need Them, Where They Fail

Date: 12 August 2013

New technologies could transform the pipeline sector as operators are now in a position to make huge improvements to safety, moving from "pigging" to other more reliable methods of spotting leaks. But is it sufficient to make regulators and environmental groups change their minds on pipeline projects? 

Read more

Investment Picks: 6 Major Oil & Gas Finds of 2013

Date: 30 July 2013

The pace of oil and gas exploration is frightening, and discoveries are weekly, if not daily, with volumes investors would only have dreamt of a decade ago. Most of the discoveries in 2012 were concentrated in East and West Africa, but 2013 is looking to be a good revival year for the players in the Gulf of Mexico. 

Read more

Is The Next Big Oil Discovery In Resource Rich Australia?

Date: 23 July 2013

The shale and oil revolution that has transformed U.S. and global energy markets is on its way to Australia. According to U.S. government report, resource-rich Australia could be home to as much as 10 times the existing known gas reserves, higher than its existing oil reserves. 

Read more

Is Russia Building The Next Floating Chernobyl?

Date: 17 July 2013

Two years after the Fukushima Daiichi nuclear disaster, Russia is planning the construction of a new line of floating nuclear power plants that could power remote and arid areas of the country, but could also have dire consequences for the maritime environment should any mishaps occur. 

Read more