Research Content

AMPHORA adds gas, power software to product portfolio

Tue, 08 May 2012 17:04:00 GMT

Amphora, Inc., Energy Risk’s ETRM software house of the year in 2011, today announced the addition of the Affinity Gas and Power ETRM suite to its portfolio of products.

AMPHORA launches new maritime software

Fri, 04 May 2012 17:23:00 GMT

Amphora, Inc. has added Symphony FREIGHT to its suite of software products. Symphony FREIGHT delivers charter, demurrage and voyage management, and also manages the full-life cycle of vessel contracts from negotiation to cost actualization; profit/loss; spot contract capabilities for wet/dry management; automatic cost creation functionalities; commission costs automation in different currencies; what-if scenarios and more.

US, Japan complete methane hydrate production trial

Wed, 02 May 2012 18:19:00 GMT

US Energy Secretary Steven Chu announced today the completion of a successful, unprecedented test of technology in the North Slope of Alaska that was able to safely extract a steady flow of natural gas from methane hydrates – a vast, entirely untapped resource that holds enormous potential for US economic and energy security.

Depleting crude oil reserves drive natural gas industry

Wed, 02 May 2012 17:09:00 GMT

With the reserves-production ratios of developed nations such as the US and Canada reaching alarming levels, and Middle Eastern resources depleting rapidly, there is widespread concern over crude oil future fuel replacement, according to a new report by natural resources expert GBI Research.

Dodd-Frank implications topic of Midstream Breakfast

Wed, 11 Apr 2012 18:34:00 GMT

Whether the oil and gas industry is prepared for new financial controls the Dodd-Frank Act will impose as soon as mid-July will be the topic of UHY Advisors’ quarterly Midstream Breakfast on Thursday, April 19, in Houston.

IHS: Worldwide upstream oil, gas M&A unconventional resource spending hits record $75B

Mon, 02 Apr 2012 17:05:00 GMT

Fueled by national oil companies and international buyers making acquisitions in North American shale gas, shale oil and tight oil basins, global transactions involving unconventional oil and gas resources reached a record high $75 billion in 2011, reported IHS.

US natural gas inventories extremely high

Tue, 27 Mar 2012 21:15:00 GMT

The warmest US winter in the past 60 years has propelled a massive natural gas inventory surplus and an early start to injection season, reports BENTEK Energy, a research and consulting firm based in Evergreen, Colo.

IEA recognizes ascent of renewable energy market with new report

Thu, 23 Feb 2012 16:58:00 GMT

The International Energy Agency (IEA) will acknowledge the coming of age of the renewable energy sector by publishing, for the first time, an annual medium-term report which analyses that market.

Baker Institute paper calls for alternative to Hormuz oil route

Mon, 13 Feb 2012 20:31:00 GMT

Improvements to the pipelines crossing the Arabian Peninsula would allow more of the oil produced in the Persian Gulf to avoid the Strait of Hormuz, according to a new paper from Rice University’s Baker Institute for Public Policy.

JV agreements played key role in 2011 E&P funding

Wed, 08 Feb 2012 23:10:00 GMT

Following a rise in popularity in the oil and gas upstream sector in 2010, joint venture agreements played a dominant role as a source of low cost funding in 2011—with unconventional resources drawing the most attention, noted analyst at Stifel Nicolaus.

NES: Surge in oil, gas jobs forcing industry to recruit from other industries

Wed, 11 Jan 2012 16:16:00 GMT

NES Global Talent, a specialist in the oil and gas recruitment sector, expects companies to take on extra staff in 2012 as new projects get sanctioned.

Ten largest operators account for 90% of 2011 Bakken growth

Mon, 19 Dec 2011 21:20:00 GMT

Deloitte survey: Majority of Americans think shale gas benefits outweigh risks

Thu, 15 Dec 2011 16:23:00 GMT

A majority of Americans think developing natural gas by tapping shale formations offers greater rewards than it does risks, including those associated with hydraulic fracturing, according to a survey conducted by the Deloitte Center for Energy Solutions.

Deloitte: The economic impact of LNG exports from the US

Thu, 15 Dec 2011 16:10:00 GMT

Deloitte MarketPoint LLC (DMP) conducted an independent assessment of the potential economic impacts of LNG exports from the United States.

Ohio Department of Natural Resources: Utica may be one of the lowest cost shale plays

Tue, 13 Dec 2011 17:13:00 GMT

Initial drilling in the Utica is still centered around eastern Ohio, in the wet gas window, but activity could push westward as the oily window is better defined, noted Christopher Perry, the Energy Group Supervisor of the Ohio Department of Natural Resources’ Division of Geological Survey in a conference call hosted by Stifel Nicolaus last week.

DOE selects projects aimed at reducing ultra-deepwater drilling risks

Wed, 23 Nov 2011 14:56:00 GMT

The US Department of Energy’s Office of Fossil Energy has selected six new natural gas and oil research projects aimed at reducing risks and enhancing the environmental performance of drilling in ultra-deepwater settings.

Evolution in energy trading highlights need for improved risk management skills

Tue, 01 Nov 2011 05:00:00 GMT

The energy complex is becoming more complex as new players with billions of dollars flock to electronic trading platforms on exchanges and over-the-counter markets.

NAM asks Washington to approve Keystone XL Pipeline soon to begin creating jobs

Wed, 26 Oct 2011 21:10:20 GMT

Chip Yost, vice president for energy and resources policy for the National Association of Manufacturers (NAM), issued a statement on Oct. 26 urging the Obama Administration to move forward as soon as possible on the decision to approve the Keystone XL Pipeline Project, which will transport crude oil from Canada to refineries along the US Gulf Coast in Texas.

France cancels shale gas permits as Total, Schuepbach fail to rule-out hydraulic fracturing

Thu, 06 Oct 2011 18:50:50 GMT

Three permits for shale gas exploration in southwestern France were revoked by the French government, Ecology Minister Nathalie Koscisko-Morizet told Agence France-Presse in an article published October 3.

Wood Mackenzie: Giant Aldous, Avaldsnes Field third largest Norwegian oil discovery

Wed, 05 Oct 2011 16:50:10 GMT

Wood Mackenzie’s analysis of the giant Aldous/Avaldsnes discovery appraisal program reveals the potential value of the field could now be as much as US$13 billion.

Easy to underestimate risk and liability

Sat, 01 Oct 2011 05:00:00 GMT

Robb Knock poses a good question in his article, "Risk assessments become risky," in this month's OGFJ.

Easy to underestimate risk and liability

Sat, 01 Oct 2011 05:00:00 GMT

Robb Knock poses a good question in his article, "Risk assessments become risky," in this month's OGFJ.

Cantor Fitzgerald, S&P Capital IQ to provide global equity research services to Cantor clients

Thu, 29 Sep 2011 20:30:00 GMT

Cantor Fitzgerald & Co. and S&P Capital IQ said September 28 that they will partner to provide a custom package of S&P Capital IQ equity research products and services to Cantor's institutional clients in the US with additional global licensing rights.

IHS: Outlook for oilfield services a bright spot in difficult economic picture

Mon, 12 Sep 2011 16:00:20 GMT

IHS Herold: Consolidation of small E&P companies could increase

Mon, 29 Aug 2011 14:40:20 GMT

The uncertainty of future oil prices, combined with falling share prices on both London’s AIM Index and the S&P Index in the US, has made close to 100 small E&P companies in the UK and two dozen large US producers, prime targets for consolidation in order to achieve future funding, reports IHS.

Ernst & Young: Oil demand likely to increase; supply less certain

Wed, 03 Aug 2011 17:00:00 GMT

Marginalized in shale plays, independents are creating new opportunities for themselves

Sun, 01 May 2011 05:00:00 GMT

The landscape of the A&D market looks much different than it has in recent years.

Baker Institute: Mexico could become oil importer by 2020 without new investment

Fri, 29 Apr 2011 13:00:20 GMT

Without sufficient investments in upstream oil field activities utilizing new and advanced technologies, Mexico faces the prospect of becoming a net oil importer in 10 years, according to new research by Rice University's James A. Baker III Institute for Public Policy and Oxford University.

New technology to recover more international oil reserves for less cost

Tue, 22 Mar 2011 15:00:00 GMT

New technology is being developed in Scotland as part of a multi-million pound international collaboration between Glasgow Caledonian University and FMC Technologies to enable safer and more efficient oil recovery from deeper water and harsher environments than ever before.

Survey: Private cos' confidence in US economy returns to pre-recession levels

Fri, 25 Feb 2011 16:35:00 GMT

Nearly two-thirds of private-company executives surveyed for PricewaterhouseCoopers' US's Private Company Trendsetter Barometer say they're optimistic about the US economy’s prospects over the next 12 months.

2010 worldwide midstream transactions returned to 2006 high of $49B

Tue, 08 Feb 2011 15:00:20 GMT

Worldwide mergers and acquisitions transactions involving midstream energy assets, which includes natural gas pipelines, gas gathering and processing facilities, as well as tankers and diversified holdings, returned to the 2006 all-time high of $49 billion in 2010, according to information just released by IHS.

Carbon storage a reality in the North Sea, say experts

Mon, 07 Feb 2011 14:35:10 GMT

It is no longer a question of if carbon storage will become a reality in the North Sea but where, say energy industry experts.

2010 US oil, gas deal value increases 20%; industry shifts to liquid content shale

Tue, 01 Feb 2011 06:05:10 GMT

Merger and acquisition activity in the US oil and gas industry outpaced the overall US deal market, boosted by improving macro-economic conditions, stabilizing commodity prices and increased corporate confidence, according to PwC US.

ExxonMobil energy outlook shows rising global demand

Thu, 27 Jan 2011 16:20:50 GMT

The company’s researchers forecast that global energy demand will be about 35% higher in 2030 than in 2005; natural gas will be the fastest-growing major energy source, overtaking coal as the second-largest global energy source behind oil; and that global energy demand growth will be far higher unless projected efficiency improvements are met.

2010 closes with second biggest oil demand increase in 30 years

Thu, 20 Jan 2011 20:50:10 GMT

Strong global economic growth at the close of 2010 created the second biggest demand spike in the past 30 years, according to Ernst & Young’s Oil & Gas quarterly report. Demand is expected to continue to increase, though less dramatically, in 2011.

Deloitte expands energy analytics capabilities with acquisitions

Fri, 14 Jan 2011 16:45:20 GMT

Deloitte has acquired substantially all of the assets of Altos Management Partners Inc. and MarketPoint Inc. The acquisition will provide Deloitte’s clients with the ability to gain a better understanding of market fundamentals for energy commodities, including oil, gas, refinery products, electricity and coal.

Report: Energy stocks outperformed market indices in 2010

Thu, 13 Jan 2011 16:15:20 GMT

Despite a poor start, 2010 finished as a "wonderful year" for energy investors, with more than 65% of oil and gas stocks delivering positive returns last year, according to a new IHS Herold report. Driven by economic growth, crude prices, which hit bottom in late May 2010 at around $65 per barrel, rose steadily and consistently through the second half of the year, and took oil company shares with them.

Oil price surge to continue in 2011, while natural gas prices remain flat

Sat, 01 Jan 2011 06:00:00 GMT

Industry increasingly optimistic about the economy and most expect upstream capital spending to rise steadily

Oil price prediction: $100 in 1Q and $150 by summer

Sun, 26 Dec 2010 22:30:50 GMT

The price of a barrel of crude oil could soar to nearly $150 a barrel by summer, according to Joe Petrowski, CEO of Gulf Oil and the Cumberland Gulf Group. Petrowski made the statement on a CNBC program on Dec. 23.

Moderate temperatures forecast for Europe through March

Mon, 20 Dec 2010 15:10:10 GMT

Weather Services International (WSI) expects higher-than-normal for the approaching period (January-March 2011) across most of Europe, with lower-than-normal temperatures in the United Kingdom, Ireland, and the Nordic regions (Norway, Sweden, Finland, and Denmark). The warmest seasonal temperatures will be in Eastern Europe, the Balkans, Italy, and Greece.

Increase in floating rigs forecast

Wed, 15 Dec 2010 16:50:00 GMT

Expect an increase of 50 worldwide floating rigs over the next 24 months – provided that most of the idle US Gulf of Mexico fleet returns to work, says ODS-Petrodata in a recent floating rig report.

ATP enters second round of Titan-related financing

Tue, 07 Dec 2010 16:45:00 GMT

ATP Oil & Gas Corp. has entered the second round of financing related to the ATP Titan in the amount of $100 million.

Shale gas assets offer acquirers rich reserves, stable production

Wed, 01 Dec 2010 06:00:00 GMT

Chevron's announcement last month that it is acquiring Atlas Energy, a large acreage holder in Pennsylvania's gas-rich Marcellus shale play for $4.3 billion, is another sign that the long-term outlook for natural gas is positive.

Studies show further guidance needed on revised oil and gas disclosure rules

Wed, 01 Dec 2010 06:00:00 GMT

Managing risk and uncertainty provides competitive advantage

Wed, 01 Dec 2010 06:00:00 GMT

The current preoccupation with deepwater development risks and uncertainties has an interesting parallel to the global preoccupation with emerging risks in the broader world economy.

Legislation inhibiting oil, gas industry growth

Tue, 30 Nov 2010 15:05:10 GMT

According to a study by accounting and consulting organization BDO USA LLP, 54% of CFOs at oil and gas exploration and production companies feel that “legislative changes” will be the most important factor inhibiting the growth of the US oil and gas industry in 2011.

Purvin & Gertz Launches Global Crude Oil Market Outlook

Mon, 29 Nov 2010 20:30:50 GMT

Independent energy consulting firm Purvin & Gertz has launched a new study, the 2010 Global Crude Oil Market Outlook.

Gas discovery in Neuquen province of Argentina

Mon, 29 Nov 2010 18:35:30 GMT

Argentina is expected to announce the discovery of significant unconventional gas reserves in the southwestern part of that South American country by early December.

Societe Generale adds Herrlin to head US Energy Research

Fri, 19 Nov 2010 20:30:00 GMT

Societe Generale Corporate & Investment Banking has hired John P. Herrlin Jr. to head its oil and gas equity research in the US.

Report says US can slash carbon emissions with natural gas

Thu, 18 Nov 2010 17:25:40 GMT

The shale gas boom could help the United States reduce greenhouse gas emissions even if Congress does not pass broad climate legislation, according to a Deutsche Bank report.

Netherland Sewell estimates Shouyang Block Gas-in-Place for Far East Energy

Thu, 18 Nov 2010 17:10:10 GMT

First third-party engineering firm assessment of entire block puts OGIP at roughly 7.0 tcf.

First major cold of season will affect key energy consuming regions

Thu, 18 Nov 2010 16:15:50 GMT

The Eastern US may be dealing with their first notable shot of winter-like cold by the end of November, according to meteorologists at MDA EarthSat.

Environmentalists in self-defeating war on hydraulic fracturing

Wed, 17 Nov 2010 22:00:00 GMT

Environmentalists are engaged in a misguided legislative battle against a drilling method that increases our reserves of natural gas - an environmentally sound and economical energy source.

PXP completes Eagle Ford acquisition

Wed, 17 Nov 2010 15:20:10 GMT

Plains Exploration & Production Co. (PXP) has closed its previously announced acquisition of interest in nearly 60,000 net acres in the oil and gas condensate window in the Eagle Ford shale play.

CNOOC, Chesapeake close Eagle Ford shale deal

Tue, 16 Nov 2010 18:05:10 GMT

Chesapeake Energy Corp. and CNOOC Ltd. have closed on the project cooperation that gives CNOOC International Ltd. a 33.3% undivided interest in Chesapeake's 600,000 net oil and natural gas leasehold acres in the Eagle Ford Shale in South Texas.

Petrobras, partners sign $3.46B contract for pre-salt production hulls

Thu, 11 Nov 2010 17:10:20 GMT

Petrobras and its partners BG, Galp Energia, and Repsol, and through its Tupi-BV and Guará-BV affiliated companies, has signed two contracts totaling $3.46 billion with Brazil's Engevix Engenharia SA for the construction of eight hulls for the platforms to be used in the first phase of the production development for the pre-salt area in the Santos Basin.

Global upstream spending for 2010 may reach $380B by year end

Thu, 11 Nov 2010 16:25:00 GMT

Analysis of companies’ investment plans by Wood Mackenzie reveals that global upstream capital spending in 2010 is likely to exceed US$380 billion, indicating that confidence has returned to many regions and sectors of the upstream industry, however recovery is not uniform.

Baird continues energy sector expansion, adds two research teams

Thu, 04 Nov 2010 20:00:00 GMT

Baird, an international employee-owned financial services firm, has added two Equity Research teams and launched coverage of energy master limited partnerships (MLPs).

Chesapeake targeting Utica Shale with acquisition from Anschutz

Thu, 04 Nov 2010 15:00:20 GMT

In its third quarter 2010 financial and operational results report dated November 3, Oklahoma City-based Chesapeake Energy Corp. noted that the company has the opportunity to acquire 500,000 net acres in the Appalachian Basin from privately-held Anschutz Corp. for $850 million.

Ernst & Young quarterly report reveals an industry in flux

Mon, 01 Nov 2010 19:30:30 GMT

Sharp differences in economic strength or weakness between regions, new development opportunities, a changing environmental landscape and upcoming mid-term elections are creating an uncertain environment for the oil and gas industry, according to a recent report by Ernst & Young LLP.

US producers show steady gain in revenues, net income for 2Q10

Mon, 01 Nov 2010 05:00:00 GMT

It's become clear that the domestic oil and gas industry in the United States has made a dramatic comeback since financials fell into a deep pit in late 2008 and early 2009.

It's mostly sunny in Pennsylvania after Nov. 2 mid-term elections

Mon, 01 Nov 2010 05:00:00 GMT

The Nov. 2 elections were a boon to shale operators in Pennsylvania, the state with most Marcellus Shale production and reserves.

News Briefs

Mon, 01 Nov 2010 05:00:00 GMT

Facing increased scrutiny from regulators, energy trading companies acknowledge the many risks entailed in failing to establish effective compliance programs, but are currently challenged by compliance costs and shifting enforcement priorities, according to a newly released survey by compliance software provider NICE Actimize, a NICE Systems Company, and international law firm Fulbright & Jaworski LLP.

Allegro Trading & Risk Management Solutions

Mon, 01 Nov 2010 05:00:00 GMT

Optimize your business performance across commodities, business units, and all physical, financial, and logistics assets

Q&A with Opportune Partners Don Jefferis and Marty Makulski

Mon, 01 Nov 2010 05:00:00 GMT

We tend to think of the heyday of energy trading as the late ‘90s and early 2000's – before the Enron crash. Is it true that more energy trading is taking place today than ever before?

It's mostly sunny in Pennsylvania after Nov. 2 mid-term elections

Mon, 01 Nov 2010 05:00:00 GMT

The Nov. 2 elections were a boon to shale operators in Pennsylvania, the state with most Marcellus Shale production and reserves.

Marathon wins position in Kurdistan Region of Iraq

Wed, 20 Oct 2010 17:00:20 GMT

Marking its entry into Iraq, Marathon Oil Corp. has acquired a position in four exploration blocks in the Kurdistan Region.

Flat or softer market conditions expected in the energy insurance market for the next year

Thu, 14 Oct 2010 15:50:50 GMT

A poll of delegates at Aon's 10th Middle East Energy Conference found that 41% expect premium prices in the energy insurance market to remain flat for the next 12 months. A further 37% expect prices to decline slightly.

Salazar lifts deepwater drilling moratorium

Tue, 12 Oct 2010 19:25:50 GMT

Secretary of the Interior Ken Salazar announced today that, with stricter regulations in place, drilling in the deepwater Gulf of Mexico may resume.

Athens Group launches survey to help drilling industry reduce NPT

Mon, 11 Oct 2010 17:00:50 GMT

Athens Group has launched its industry survey The State of Non-Productive Time on Highly-Automated Offshore Assets: Third Annual International Benchmarking Study. Read more and take the survey.

CFO, COO to retire as ConocoPhillips shakes up management

Wed, 06 Oct 2010 19:40:10 GMT

In a move that will see the CFO and COO retire, ConocoPhillips is shaking up its executive management team.

Sinopec pays $7.1B to access to Repsol's Brazilian offshore assets

Tue, 05 Oct 2010 16:20:30 GMT

IHS Herold: Oil, gas reserves up three percent in '09 despite 23 percent decline in spending

Mon, 04 Oct 2010 17:00:00 GMT

According to IHS Herold, the worldwide upstream investment of 224 oil and gas companies decreased 23% to $378 billion in 2009. Although development spending fell nearly 20%, total hydrocarbon reserves increased 3% as both oil and gas reserves grew for the first time since 2005. Production also increased one percent, driven by a 2.2% increase in natural gas output.

It's not 'conservative' to be against solar

Fri, 01 Oct 2010 05:00:00 GMT

Conservatives, take a breath. Let's talk about energy. And why so many conservatives are so wrong – so liberal, even – on wind and solar energy.

Pelosi somewhat receptive to oil sands development

Fri, 24 Sep 2010 18:00:00 GMT

US House Speaker Nancy Pelosi and recently told Canadians that she was open minded about future oil sands development and interested in hearing “both sides of the story.”

IHS CERA: Oil sands greenhouse gas emissions lower than commonly perceived

Tue, 21 Sep 2010 16:00:40 GMT

Fuels made from Canadian oil sands result in significantly lower greenhouse gas (GHG) emissions than many commonly cited estimates, according to a new comprehensive analysis by IHS Cambridge Energy Research Associates' (IHS CERA).

Latest SM Energy Bakken well appears mediocre

Mon, 20 Sep 2010 14:40:30 GMT

SM Energy’s latest Bakken shale well, the Nelson 4-29H in McKenzie County had an initial production rate of 671 boepd. The well is located in the Bear Den prospect of North Dakota where the company holds 17,000 acres.

ANGA issues statement on EPA public meeting on hydraulic fracturing study

Mon, 13 Sep 2010 19:15:40 GMT

America’s Natural Gas Alliance (ANGA) Executive vice president Tom Amontree a statement on the last of four meetings held by the US Environmental Protection Agency to take public comments on the scope of its study on hydraulic fracturing. This meeting is being held today, September 13, and Wednesday, September 14, in Binghamton, New York.

Pennsylvania DEP releases Marcellus shale production data online

Mon, 13 Sep 2010 18:40:30 GMT

On Friday, September 10, Secretary of the Pennsylvania Department of Environmental Protection John Hanger announced that preliminary production data for Marcellus Shale natural gas wells in the state is now available online for the first time, offering more transparency for the public.

Ethane disposition poses a risk for Marcellus production

Fri, 10 Sep 2010 19:50:00 GMT

Producers in the Marcellus shale may be forced to curtail natural gas production unless they can come up with a viable way to dispose of ethane, an associated gas, according to a new study from BENTEK Energy.

EPA formally requests info from leading service companies about extraction chemicals

Fri, 10 Sep 2010 16:20:30 GMT

The US EPA has issued voluntary information requests to nine natural gas service companies regarding the process known as hydraulic fracturing. The companies include: BJ Services, Halliburton, Key Energy Services, Patterson-UTI, Schlumberger, Superior Well Services, and Weatherford.

Madison Williams initiates coverage of US exploration, production industry

Fri, 10 Sep 2010 15:00:40 GMT

Madison Williams and Co., a New York-based integrated capital markets and investment banking firm, has initiated coverage of the US Exploration & Production Industry under senior equity research analyst Andrew Coleman.

Pew report illuminates federal energy spending

Thu, 09 Sep 2010 23:05:40 GMT

A new analysis of government spending data finds the federal role in the energy sector is significant, although smaller in comparison to its role in other sectors, such as transportation. The report found that total federal spending in the sector on tax expenditures and grant programs is likely to contain a subsidy, was about $25 billion in fiscal year 2009 – or $212 per household.

Canadian Doxa Energy reports progress in Eagle Ford shale

Thu, 09 Sep 2010 20:25:10 GMT

Vancouver-based Doxa Energy Ltd. has provided a progress report on its Epley and Peeler projects in the Eagle Ford shale play of South Texas.

Privately held Chief to disclose info on chemicals used in Marcellus shale ops

Tue, 07 Sep 2010 17:30:50 GMT

Dallas-based Chief Oil and Gas plans to disclose detailed information about the chemicals it uses to hydraulically fracture wells in the Marcellus shale to Pennsylvania and West Virginia officials.

Aker Solutions awarded Marulk tie-in to Norne in Mid Norway

Wed, 01 Sep 2010 17:15:50 GMT

Statoil has awarded to Aker Solutions Marulk tie-in to the floating production, storage and offloading (FPSO) vessel Norne. Aker Solutions estimates the value of the work to be approximately NOK 120 million.

Will New York State leverage Marcellus potential into jobs?

Wed, 01 Sep 2010 17:00:00 GMT

Will New York State leverage Marcellus potential into jobs?

From the Marcellus Shale Coalition

Canonsburg, Pa.

Everyone’s heard of the famous Mason-Dixon line that separates the commonwealth of Pennsylvania from the state of Maryland (and Delaware too, incidentally). But what do you call the thing that separates the northern tier of Pennsylvania from the southern tier of New York? Ask any cartographer, and she’ll tell you it’s known as the “42nd parallel,” the same latitudinal line that extends west to set the boundary between Oregon and California as well.

Now ask that question of the 8,000 people in Broome Co., NY, who currently find themselves unemployed during one of the most difficult economic periods in recent history. Ask the 4,100 people in Steuben County, NY, who are without work. Or the 3,300 in Chemung County. Or the 2,000 in Chenango.

Ask what the northern border between New York and Pennsylvania symbolizes to them – and a good many will tell you it’s a brick wall keeping the jobs and revenue being generated in Pennsylvania’s portion of the Marcellus from crossing the border and getting into the hands of folks who need those things just as much in New York.

Alaska's oil and gas production tax severely limits upside profit potential

Wed, 01 Sep 2010 05:00:00 GMT

Alaska's oil (and gas) production (or severance) tax, called "ACES" (Alaska's Clear and Equitable Share), was enacted in 2007 (effective July 1 of that year).

Schlumberger finalizes $11B merger with Smith International

Mon, 30 Aug 2010 19:15:20 GMT

On Friday, Schlumberger Ltd. closed its merger with Smith International after Smith shareholders approved the transaction on August 24.

Topaz drills first of three Barnett shale wells to total depth

Mon, 30 Aug 2010 16:00:00 GMT

Topaz Resources Inc. has reached the targeted depth of its Barnett Shale well located in the "oil" leg of the Barnett shale formation in North Texas.

EUR analysis shows reasonable Eagle Ford shale results for EOG Resources

Fri, 27 Aug 2010 14:05:20 GMT

A recent analysis of EOG Resources' EUR (estimated ultimate recovery) expectations in the Eagle Ford shale by Jefferies & Co. Inc. shows that the results are “reasonable” and that play is “quite robust from a return perspective.”

Shale Goes Global

Wed, 25 Aug 2010 17:00:00 GMT

Jeff Eshelman and Chris Tucker

Energy in Depth

The US State Department is seeking to export the promise and potential of shale gas to markets around the world, but the big question is: Will the Obama Administration apply the same lessons and encouragement here at home?

A veritable shale gas “revolution” taking place right here, right now, all across America – with hundreds of thousands of jobs and billions in state, local, and federal revenue currently being generated in its wake.

Let’s promote shale gas globally, but let’s act locally on it as well. That was the message delivered by the State Department at the Washington event.

SM Energy growth overshadowed by funding gap

Tue, 24 Aug 2010 15:05:40 GMT

After SM Energy announced its 2011 capex budget of $1 billion and outlined its plans to raise between $300 million and $500 million through asset sales and joint ventures, Jefferies & Co. Inc. released a report saying the company’s impressive growth was overshadowed by a funding gap.

Plentiful unconventional gas supplies adversely affects global LNG markets

Tue, 24 Aug 2010 14:10:20 GMT

The global economic crisis has led to a significant drop in global demand for natural gas, which has led to a huge slump in natural gas prices, according to a new report from GBI Research.

PXP reports 'impressive' Granite Wash results

Fri, 06 Aug 2010 14:20:30 GMT

On August 5, PXP announced its plan to monetize certain of its GOM assets to focus on production growth from the Haynesville shale and Granite Wash. Initial production rates for two wells drilled in the Granite Wash in 2Q10 look promising.

Swift Energy Eagle Ford momentum slows in 2Q10

Thu, 05 Aug 2010 16:20:40 GMT

Swift Energy (NYSE: SFY) released its 2Q10 financial statements, and with that, results of the Houston-based company’s drilling efforts in South Texas and the Eagle Ford shale.

NY Senate passes nine month moratorium on Marcellus drilling

Wed, 04 Aug 2010 20:00:00 GMT

The New York State Senate passed a moratorium on gas drilling in the Marcellus Shale to allow time for a comprehensive study to determine the effects of hydraulic fracturing, if any, on the state’s water supply.

MKM Partners hires energy research analyst Trimble

Wed, 04 Aug 2010 18:40:20 GMT

MKM Partners has hired Curtis Trimble as managing director in its equity research department to cover oil and gas exploration and production companies.

Ecofys experts selected for international climate work

Wed, 04 Aug 2010 11:50:30 GMT

Two Ecofys consultants, Dr. Niklas Höhne, Director Energy & Climate Policy, and Dr. Monique Hoogwijk, Manager Energy Climate Policy, have been appointed to work on the next IPCC’s major report on the state of knowledge on climate change.

US ranks near bottom as home base for overseas upstream oil, gas investment

Mon, 02 Aug 2010 16:25:00 GMT

Revenues, net income continue to rise for US producers in 1Q10

Sun, 01 Aug 2010 05:00:00 GMT

Total revenues and net income continued to rise in the first quarter of 2010 for the OGJ150 group of companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal.

Study: Natural gas in Marcellus shale region worth 280,000 jobs, $6B in gov't revenue

Wed, 28 Jul 2010 15:45:30 GMT

Wood Mac: Early action needed to benefit from global unconventional gas revolution

Thu, 22 Jul 2010 14:25:00 GMT

In its new report entitled, "Local Supply with Global Implications: Wood Mackenzie’s view on Unconventional Gas," Wood Mackenzie concludes that producers, buyers, and regulators need to monitor the development of global unconventional gas as it has the potential to further reshape global gas dynamics.

Penn State: University will not denounce Marcellus research

Wed, 21 Jul 2010 19:25:40 GMT

In early June, Responsible Drilling Alliance sent a letter to Penn State President Graham Spanier and William Easterling, dean of the College of Earth and Mineral Sciences, asking Penn State to denounce research on the economic impact of Marcellus Shale. The university says it has no plans to do so.

Utica shale decline rate steeper than most

Wed, 14 Jul 2010 19:45:00 GMT

Not promising. That is how the Quebec Utica shale decline rate was described in a July 12 report from Jefferies & Co. The St. Edouard #1A horizontal well operated by Talisman Energy Inc. is currently flowing about 1.4 MMcf/d after testing 134 days according to Questerre Energy Corp.

Clayton Williams second Burleson County Eagle Ford shale well outperforming first

Wed, 14 Jul 2010 16:00:20 GMT

Clayton Williams Energy Inc. is making progress in the Eagle Ford shale play in Burleson County. The company’s second well is performing better than the first “weak performer” averaging 162 bopd in the first month. The company’s first well was completed with nine stages at a cost of $3.1 million at a shallow depth of 7,000 feet.

Which energy sectors will benefit from tough offshore drilling rules?

Thu, 01 Jul 2010 05:00:00 GMT

It's no surprise that the federal government plans to create some tough new safety rules for offshore drilling operations in the aftermath of the April 20 Deepwater Horizon explosion.

New report outlines role of deepwater production in global oil supply

Wed, 30 Jun 2010 16:00:00 GMT

Projections before the April 20 blowout in the GoM showed deepwater production capacity had the potential to rise to 10 mbd by 2015—a rate of expansion well above the expected average rate of global supply growth. Read this and other deepwater production facts compiled by IHS CERA.

IHS CERA: Costs of building, operating upstream oil, gas facilities bottomed out in 3Q09-1Q10

Tue, 22 Jun 2010 15:15:50 GMT

The costs of building and operating upstream oil and gas facilities—which fell drastically in Q1 2009 after a prolonged period of escalation—hit bottom and were beginning to show signs of an upward trend at the end of Q1 2010, according to two cost indexes developed by IHS CERA.

Far East Energy Shouyang gas production increases

Fri, 18 Jun 2010 22:30:50 GMT

Gas produced from Far East Energy Corp.’s Shouyang Block in Shanxi Province, China, has surpassed 750 Mcf per day.

The soaring cost of G&A and why CEOs should care

Fri, 18 Jun 2010 19:35:00 GMT

Benchmarking cost performance among NA upstream operators, SAIC found that average General and Adiministrative (G&A) cost per BOE rose from 3.32 in 2006 to 4.65 in 2008. Using aggregate domestic oil and gas production as a guide, the increase of 1.33 in G&A cost per BOE translates to over 4 billion in lost profits in 2008 alone. To be competitive in the current environment, upstream companies must focus attention on this important cost element.

Report: Chinese NOCs committed US$25B to acquisitions over last 12 months

Thu, 17 Jun 2010 19:15:50 GMT

Wood Mackenzie’s review of upstream corporate activities by China’s National Oil Companies (NOCs) indicates that intense activity over the last 12 months will result in net overseas production reaching a new record level of 1 million barrels of oil equivalent per day (boe/d) in 2010 from CNPC/PetroChina, Sinopec Group and CNOOC Ltd. combined.

IHS Herold: Total E&P spending to rise in 2010; oil service costs likely to escalate

Tue, 15 Jun 2010 15:00:00 GMT

Unconventional shale gas plays and oil production are the focus of companies seeking to generate production growth, while capital will shift from offshore to onshore US following the Deepwater Horizon tragedy. Exploration and production spending, excluding acquisitions, is expected to rise by 8% to $353 billion in 2010 among the largest publicly traded oil and gas companies, according to the IHS Herold 2010 Global Upstream Capital Spending Report.

Interior Department seeks to clarify future of shallow water drilling

Wed, 09 Jun 2010 17:10:10 GMT

On Tuesday, new rules issued by the Department of the Interior were offered to help clarify confusion around the short term future of shallow water drilling in the US.

Which energy sectors will benefit from tough offshore drilling rules?

Tue, 01 Jun 2010 05:00:00 GMT

It's no surprise that the federal government plans to create some tough new safety rules for offshore drilling operations in the aftermath of the April 20 Deepwater Horizon explosion.

Transneft is busy building pipelines and improving its financial position

Tue, 01 Jun 2010 05:00:00 GMT

AN INTERVIEW WITH NIKOLAY TOKAREV, PRESIDENT OF TRANSNEFT

Environmental hurdles threaten to stymie US shale production

Tue, 01 Jun 2010 05:00:00 GMT

Industry spectators assumed, given the announced priorities of the new Obama Administration and the 2006 change in control of Congress, that federal policymakers would renew attention on regulating the ever-growing domestic natural gas industry.

Gulf Coast braces for active 2010 hurricane season

Tue, 01 Jun 2010 05:00:00 GMT

The six-month-long hurricane season in the Atlantic basin, which began June 1, could be especially active this year.

Environmental hurdles threaten to stymie US shale production

Tue, 01 Jun 2010 05:00:00 GMT

Canadian oil sands may become top source of crude oil imports to US in 2010

Thu, 13 May 2010 16:20:10 GMT

The Canadian oil sands have increasingly become an important source of global oil supply growth and are now poised to become the number one source of US crude oil imports in 2010, according to new research from the IHS CERA Canadian Oil Sands Dialogue.

Who will be held responsible for Deepwater Horizon?

Tue, 04 May 2010 14:55:10 GMT

Financial giant Morgan Stanley has released a comprehensive, although very preliminary, report on the financial implications of the Deepwater Horizon incident in the Gulf of Mexico and its potential impact on the various players involved.

M&A activity on the upswing

Sat, 01 May 2010 05:00:00 GMT

ExxonMobil's $40.4 billion acquisition of Fort Worth-based XTO Energy topped the list of North American energy deals in 2009. Announced on Dec. 14, the transaction came with only two weeks to go in the calendar year.

US producers continue comeback as revenues, income rise in 4Q09

Sat, 01 May 2010 05:00:00 GMT

Fourth-quarter 2009 financial results for the OGJ150 group of publicly traded oil and gas producers are dramatically different from the same period in 2008 when the United States and indeed most of the world seemed to have fallen into an economic abyss.

Ernst & Young: Quarterly O&G outlook shows a more stable environment across all sectors

Wed, 21 Apr 2010 17:35:10 GMT

Oil and gas industry fundamentals are improving in stride with the global economy. Developing countries continue to outpace the advanced countries in terms of growth, with positive indicators throughout the globe. With generally rising economic expectations, energy market sentiment remains relatively positive.

Unconventional LNG to play limited role in future of LNG industry

Wed, 21 Apr 2010 12:30:10 GMT

In a video presentation to delegates at LNG16 in Oran on April 20, Frank Harris – Head of LNG Consulting for Wood Mackenzie – reflected on the heightened interest in unconventional LNG supply projects, concluding that these projects will play a limited role in the future of the LNG industry – accounting for no more than 5% of total global LNG supply in 2020.

IHS CERA: Potential oil and gas production from offshore US Atlantic Coast

Thu, 01 Apr 2010 15:15:50 GMT

The offshore US Atlantic Continental Shelf could contain 3.8 billion barrels of oil and 137 tcf of natural gas. First production could be as early as seven years in the area that the Obama Administration announced will be open to exploration, but any current estimates are still very preliminary, according to IHS CERA.

Oil shale deal flow heating up in Bakken, Niobrara

Thu, 01 Apr 2010 05:00:00 GMT

Since January 2009, the oil–to–gas pricing ratio has averaged 15:1, and it doesn't appear as if this will change anytime soon.

Bodino to lead energy research for Global Hunter

Fri, 19 Mar 2010 19:30:50 GMT

New Orleans-based investment bank Global Hunter Securities welcomes Michael D. Bodino to the company as managing director and head of energy research.

EPA to study hydraulic fracturing, API responds

Fri, 19 Mar 2010 16:10:10 GMT

The US Environmental Protection Agency (EPA) will conduct a research study to investigate the potential adverse impact that hydraulic fracturing may have on water quality and public health.

Report: Global offshore drilling fully recovered by 2011

Mon, 01 Mar 2010 17:10:50 GMT

The global offshore drilling industry will stabilize this year but is unlikely to return to growth until 2011. Following a sharp decline in 2009, global drilling is predicted to rise 12% in 2010-2014 compared with the previous five years.

MMS to increase audits, including a 'closer look' at smaller producers

Thu, 18 Feb 2010 17:55:20 GMT

The Minerals Management Service (MMS) has finalized its 2010 audit plan to ensure that energy producers on Federal and American Indian lands are properly paying the royalties due to the Federal Government and American Indians.

Ten geopolitical, economic predictions for 2010

Mon, 15 Feb 2010 17:35:20 GMT

A great - and still growing - divergence appeared in 2009 between public statements by leaders and their public performance. While a large part of the global population appears still transfixed by words, there is a growing perception that great fissures already rend the global strategic architecture.

ConocoPhillips makes key executive appointments

Mon, 15 Feb 2010 16:40:10 GMT

Houston-based has elected Robert A. Niblock as a new outside director and made two senior leadership changes.

An issue packed full of vital information

Mon, 01 Feb 2010 06:00:00 GMT

When the public — meaning most of America — considers the oil and gas industry, they usually think of the oil majors like ExxonMobil or one of the large IOCs like BP or Total.

Analysis: Upstream oil, gas companies winners in choppy M&A market

Thu, 21 Jan 2010 22:30:20 GMT

The number of oil and gas transactions was down in 2009, but deal values were up and analysts are forecasting a positive outlook for the industry in 2010.

Study: UK Continental Shelf activity down 35%

Thu, 14 Jan 2010 16:25:50 GMT

Offshore exploration and appraisal activity dropped by more than 35% throughout 2009, according to the latest oil and gas industry figures released by Deloitte.

Report: Big Oil Consolidates, Rebounds in 2010

Tue, 05 Jan 2010 23:10:30 GMT

While nowhere near all-time highs, crude oil prices have stabilized somewhat and the industry is poised to repair balance sheets as cash flow recovers in2010. Gianna Bern of Brookshire Advisory and Research Inc. has penned The Brookshire Report: Oil and Gas Outlook with some insights into 2010.

Analysis: 2010 transactions outlook

Tue, 22 Dec 2009 16:00:20 GMT

While 2009 deal volumes were down considerably compared to 2008, with 1,916 energy and power deals completed in 2009 versus 2,351 in 2008, there are clear signs that a new wave of oil and gas transactions is emerging.

Analysis: Falling costs for upstream oil, gas facilities appear to be bottoming out

Tue, 08 Dec 2009 16:10:10 GMT

BofA Merrill Lynch adds Becker, Yang to US energy team

Wed, 02 Dec 2009 16:15:10 GMT

BofA Merrill Lynch Global Research has hired Douglas Becker and Gil Yang to its US Energy team.

The future of fossil fuels

Tue, 01 Dec 2009 06:00:00 GMT

Renewables won't replace fossil fuels as the main fuel source in the coming decades, so massive energy efficiency programs are needed along with new nuclear power supply and the accelerated development of carbon capture and storage technologies.

Analysis: Oil supply to grow through 2030, no peak evident

Tue, 17 Nov 2009 19:40:20 GMT

Global oil productive capacity will grow though 2030 with no evidence of a peak of supply before that time, according to a new report by IHS Cambridge Energy Research Associates.

Fluor names Seaton to newly-created COO post

Tue, 10 Nov 2009 21:05:10 GMT

Fluor Corp. has elected David T. Seaton to the newly created position of COO.

Multinationals on the move - refineries on the up in Asia Pacific

Tue, 10 Nov 2009 16:10:30 GMT

The more relaxed emission criteria have provided an impetus for operators to move their refinery operations from Europe and North America to Asia- Pacific.

In oilfield chemistry, green is the color of progress

Sun, 01 Nov 2009 05:00:00 GMT

A green revolution is gaining ground in the oilfield chemicals industry, where core corporate values have expanded to encompass environmental stewardship and sustainability.

Shift in global gas fundamentals means strategic change for suppliers

Sun, 01 Nov 2009 05:00:00 GMT

Wood Mackenzie reduces global gas demand forecast by 200bcm per year

Tide starting to turn: total revenue, income up substantially over 1Q09

Sun, 01 Nov 2009 05:00:00 GMT

The second quarter of 2009 saw net income for the publicly traded companies tracked here rise by 191% over the previous quarter from a collective net loss of more than $10.7 billion to a collective net income of over $9.7 billion.

Analysis: Energy investment a casualty of the recession?

Mon, 26 Oct 2009 21:05:10 GMT

The adverse impact of the global recession has taken its toll on capital expenditure spending among energy industry participants. Energy players across the board have curtailed capital spending in '09 to a mere 4.7% increase compared to '08 spending levels. Hear what Gianna Bern of Brookshire Advisory and Research Inc. has to say about investment in the industry going forward.

Study: Proposed US carbon legislation threatens US refiners' sustainability

Mon, 26 Oct 2009 17:35:00 GMT

Proposed US carbon legislation could threaten the sustainability of the US refining industry, potentially costing US refiners US$100 billion per year, and appears to give undue favor to non-US refiners warned Wood Mackenzie.

Report: Global upstream spending growth by 2011, but caution prevails

Thu, 15 Oct 2009 15:10:40 GMT

Investment in the upstream sector will return to growth by 2011, reaching around US$350 billion in 2012, although caution remains, according to a new report by Wood Mackenzie.

Report: Oil demand from developed countries has peaked

Tue, 13 Oct 2009 15:50:50 GMT

According to a report by IHS Cambridge Energy Research Associates, world oil demand is poised for recovery driven by emerging markets but demand from OECD countries is unlikely return to its 2005 high.

Analysis: Diamond Offshore mirrors asset purchases with senior notes offerings

Tue, 06 Oct 2009 16:10:20 GMT

Better alternatives available to cap-and-trade legislation

Thu, 01 Oct 2009 05:00:00 GMT

While recent public attention has centered on healthcare reform, another highly controversial issue simmering just below the surface will likely reclaim some of the spotlight in the coming months.

Games traders play Using your ETRM system to detect rogue trades and bad marks

Thu, 01 Oct 2009 05:00:00 GMT

Using your ETRM system to detect rogue trades and bad marks

Workforce inventory: the first step to remain competitive in the improving business climate

Tue, 29 Sep 2009 22:40:00 GMT

Although the economy is in the upturn, companies are still treading lightly, and an investment in an incorrect hire could be a costly mistake that must be avoided in these early days of recovery.

New model LNG MSA 'Will promote development of LNG secondary market'

Fri, 25 Sep 2009 14:55:30 GMT

Approval of a new Model LNG Master Sale and Purchase Agreement by AIPN will lead to the development of a unified form among LNG buyers and sellers and will help promote the development of an LNG secondary market.

Analysis: Ignoring traditional fundamentals

Tue, 22 Sep 2009 16:50:20 GMT

Supply is ample, demand is still relatively weak, and inventories are high, but oil markets are paying more attention to the weak US dollar and the strong US stock market, report analysts with Deutsche Bank.

Report: Excellence in the oilfield paying off for investors

Mon, 14 Sep 2009 19:45:40 GMT

Oilfield suppliers receiving high marks in customer satisfaction are experiencing superior shareholder returns relative to industry peers.

Study: Oil, natural gas supports 9 million American jobs, 7.5 percent of GDP

Thu, 10 Sep 2009 16:10:20 GMT

The US oil and natural gas industry supports more than 9 million American jobs and makes significant economic contributions as an employer and purchaser of American goods and services, a new study by PricewaterhouseCoopers found.

Volatile outlook for M&A activity for offshore contract drilling firms

Tue, 01 Sep 2009 05:00:00 GMT

This article examines the financial mechanics that shape the merger and acquisition climate for offshore drilling companies.

Financial results for contract drillers

Tue, 01 Sep 2009 05:00:00 GMT

When it comes to contract drilling companies, Transocean is the 15,000-pound elephant in the room.

Second-quarter earnings aftermath: The path forward

Tue, 01 Sep 2009 05:00:00 GMT

In a post financial crisis world, the second-quarter earnings season further documented the adverse impact of three consecutive quarters of weak global crude demand.

Carbon recycling: an alternative to carbon capture and storage

Tue, 01 Sep 2009 05:00:00 GMT

Carbon capture and storage (CCS) is being hailed as the answer to the globe's most pressing question: what to do with the 27 billion metric tons of carbon dioxide emitted yearly from the burning of fossil fuels?

History repeats itself: a guide from 30 years ago

Tue, 01 Sep 2009 05:00:00 GMT

In the late 1970s, the United States tried to boldly remake its energy policy – rethinking everything from oil consumption to energy efficiency.

NAPE: How much oversupply do we really have?

Fri, 28 Aug 2009 17:05:30 GMT

With US production up, LNG imports up, Canadian imports down and so on and so forth, just how much oversupply is the industry really facing?

NAPE: Safe harbor in liquids

Fri, 28 Aug 2009 17:00:40 GMT

Speaking Wednesday at the Summer NAPE E&P Forum in Houston, IHS CERA vice president Bob Fryklund offered a list of "Hot plays in liquids"

Report: Norway targets a $2 trillion international oil, gas spend

Fri, 28 Aug 2009 15:15:00 GMT

Analysis of 19 target countries and 26 key onshore and offshore market sectors has revealed that overall expenditure levels are expected to total $2 trillion over the 2009-2013 period.

Oil, gas execs more optimistic for future than other industries

Mon, 17 Aug 2009 16:45:10 GMT

1Q09 revenues decline 22%, net income drops by $50 billion

Sat, 01 Aug 2009 05:00:00 GMT

Financial results for the 146 publicly-traded US companies tracked in the OGJ200 report were down as expected in the first quarter of 2009.

Oil and gas activity rebounds in 2Q

Sat, 01 Aug 2009 05:00:00 GMT

If global merger and acquisition deal counts are any indication, oil and gas activity is on the rebound.

Hydraulic fracturing: the current state of play

Sat, 01 Aug 2009 05:00:00 GMT

Hydraulic fracturing is an increasingly important part of energy production in the US. While the technology has been used for 60 years to enhance production from oil and gas wells, today hydraulic fracturing is essential to making gas wells in many types of unconventional formations such as shales economically viable.

Portfolio value of Australasia’s upstream companies increases 200% in 5 years

Fri, 31 Jul 2009 15:30:50 GMT

Penn State study: Marcellus development could have $14.17B impact

Tue, 28 Jul 2009 15:10:00 GMT

Marcellus Shale development will pump $14.17 billion into Pennsylvania's economy in 2010 and create more than 98,000 jobs, according to a study by the Penn State University.

SEC names two former Newpark Resources officials, vendor in complaint

Mon, 20 Jul 2009 14:15:10 GMT

The SEC said on July 16 that two former Newpark Resources Inc. financial officials and the principal of one of the oilfield service company’s vendors conspired to engage in a fraudulent accounting scheme in fiscal 2003.

Rodman & Renshaw ranked #1 investment bank in PIPE market by deal volume

Mon, 13 Jul 2009 16:30:50 GMT

Rodman & Renshaw Capital Group Inc.'s broker-dealer subsidiary, Rodman & Renshaw LLC maintained its leading position in PIPE transaction deal volume during the first half of 2009.

EIA unveils short-term projections for OPEC oil export revenues

Wed, 08 Jul 2009 16:00:20 GMT

Based on projections from the EIA July 2009 Short-Term Energy Outlook (STEO), members of OPEC could earn $545 billion of net oil export revenues in 2009 and $672 billion in 2010.

Latin America seeking to diversify energy matrixes: Frost & Sullivan

Wed, 01 Jul 2009 20:20:30 GMT

New analysis from Frost & Sullivan, Peak Oil in Latin America: Present and Future Perspectives for the Oil and Gas Market, finds that the Latin American oil market produced 10.11 million barrels daily in 2008 and estimates this to reach 11.17 million barrels in 2014.

Economy showing signs of improvement

Wed, 01 Jul 2009 05:00:00 GMT

With most schools out for the summer, the United States has entered its gasoline peak demand season, a time when prices generally rise due to increased consumer fuel usage as many families take off on traditional summer vacations.

June E&P equity capital markets brief

Mon, 22 Jun 2009 20:25:20 GMT

Equity capital market activity appears to be slowing, yet energy is still active as the recent rise in commodity prices has improved investor sentiment. Below are a few June transactions as analyzed by SMH Capital's Capital Markets Monitor for the weeks of June 15 and June 22, including additional analysis from Natixis Bleichroeder and CK Cooper & Co.

Ernst & Young study finds industry profits down, long-term commitment remains constant

Mon, 22 Jun 2009 20:20:00 GMT

The oil and gas industry experienced increased exploration and production costs, a decline in ending oil reserves, and ultimately decreased profits. However, total capital spending for 2008 was up 35% from 2007 and natural gas reserves grew 4% in 2008, demonstrating the industry's long-term vision and commitment to providing a constant supply of oil and gas.

Fortis appoints new CEO

Mon, 15 Jun 2009 16:35:10 GMT

Bart De Smet has been appointed to lead Fortis as CEO. He takes over from Karel De Boeck. De Boeck served as CEO of Fortis from December 2008. He will leave the group and resign from the board. Fortis intends to appoint De Smet as director of Fortis SA/NV and Fortis NV.

SEC revokes Lexington Resources registration to trade securities

Tue, 09 Jun 2009 19:05:50 GMT

The US Securities and Exchange Commission revoked Lexington Resources Inc.’s registration to publicly trade securities on June 4.

Assessing the economic value in Valero-VeraSun transaction

Mon, 01 Jun 2009 05:06:00 GMT

On March 18, San Antonio-based Valero Energy, the nation’s largest independent refiner, announced it would buy seven ethanol plants (with a combined annual nameplate capacity of 780 million gallons per year) as well as a developmental site from bankrupt VeraSun Energy for $477 million.

Recognizing growing hardships, Dominion donates $1 million to healthcare

Mon, 01 Jun 2009 05:06:00 GMT

Dominion Foundation, the philanthropic arm of Dominion Resources, was founded as a way for the company to lend a helping hand.

IHS study sees oil sands move from the "fringe to center" of energy supply

Mon, 18 May 2009 15:20:40 GMT

Technological advance in the Canadian oil sands has made Canada the world's second largest holder of recoverable oil reserves, after Saudi Arabia, and "an increasingly important part of the fabric of hemispheric and global energy security", according to a new major study, Growth in the Canadian Oil Sands: Finding a New Balance by IHS Cambridge Energy Research Associates (IHS CERA).

Revenue and net income plummet for most in 4Q08

Fri, 01 May 2009 05:05:00 GMT

If there is any one indicator that shows how far US-based oil and gas companies fell from the third-quarter of last year to the fourth quarter, it is the OGJ200 list of the 20 fastest-growing companies.

GMX Resources plans additional hedges; decreases '09, '10 CAPEX budgets

Mon, 13 Apr 2009 20:35:10 GMT

GMX Resources Inc. has increased its hedge positions for 2010 and revised its capital expenditure forecast for 2010. The company added additional hedges in 2010 and now has roughly 75% of its anticipated 2010 production hedged at $6.50 per Mcfe.

Two retire, two added to Talisman leadership

Thu, 09 Apr 2009 20:10:50 GMT

Independent oil and gas company Talisman Energy Inc. has made changes to its senior leadership team. Nigel Hares, executive vice president, international operations (West) and John t' Hart, executive vice president, exploration are retiring.

Key Energy Services' CFO steps down

Thu, 09 Apr 2009 20:10:40 GMT

William M. Austin, senior vice president and CFO of onshore energy production services company Key Energy Services has left the company for a position in the turnaround and restructuring group at Alvarez & Marsal.

GeoMechanics launches 3D geomechanics services

Tue, 07 Apr 2009 21:35:20 GMT

GeoMechanics International Inc. (GMI) has launched a new service that provides 3D mechanical simulations of the stress field around salt structures.

Waterborne Energy reports 28% jump in US LNG imports by end February

Tue, 07 Apr 2009 20:35:50 GMT

Houston-based Waterborne monitors and analyzes LNG markets around the world. The company recently noted it expects US LNG imports to be up 28% for the quarter ending in February, compared to the same quarter ending February, 2008.

Looking for the silver lining

Wed, 01 Apr 2009 05:04:00 GMT

I like to think of myself as a cynical journalist – not a wild-eyed Pollyanna.

SEC may end abusive short selling

Thu, 19 Mar 2009 20:03:00 GMT

To the delight of many whose company shares are "trading at a discount," the head of the US House Financial Services Committee recently commented that the Securities and Exchange Commission was likely to reimpose the now defunct "uptick" rule which forces short sellers to sell at a price higher than the previous trade.

Third quarter income jumps 66% from 2Q08, up 112% from 3Q07

Sun, 01 Feb 2009 06:02:00 GMT

Financial results for the 156 publicly-traded US producers tracked in the OGJ200 report continued to rise in the 3Q08 as the economic malaise that had begun to grip the country earlier in the year had not yet trickled down to the oil and gas sector.

Analyzing the oil price analysts

Thu, 01 Jan 2009 06:01:00 GMT

Someone recently likened the current global economy to a rollercoaster. No where is this more true than with oil prices. The petrocoaster has been on a long, steep dive since it peaked in mid-summer at $147.27 a barrel.

OPEC’s influence on oil prices

Thu, 01 Jan 2009 06:01:00 GMT

How macroeconomics and geopolitics are driving the price of oil.

Interview with Cathy Douglas, Anadarko CAO

Thu, 01 Jan 2009 06:01:00 GMT

Editor’s Note: With an accounting degree from the University of Houston, a CPA license, and over 30 years with Anadarko under her belt, the decision to promote Cathy Douglas to chief accounting officer appears to be on par with the company’s idea of “employee development.

Interview with Cathy Douglas, Anadarko CAO

Mon, 15 Dec 2008 15:12:00 GMT

With an accounting degree from the University of Houston, a CPA license, and over 30 years with Anadarko under her belt, the decision to promote Cathy Douglas to chief accounting officer appears to be on par with the company's idea of "employee development." I recently spoke with Ms. Douglas about Anadarko - her role, and responsibilities, as well as her ideas on current financial and accounting issues.

Searching for answers to crisis

Mon, 01 Dec 2008 06:12:00 GMT

Our economy is in shambles, and we just elected a new President who inherits the mess.

Purging the risk premium: the fundamentals driving 2009 oil prices

Mon, 01 Dec 2008 06:12:00 GMT

It has been an interesting year in the oil and gas industry to say the least.