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The plunging oil price may have brought welcome respite for the world’s motorists, but those involved in the oil sands industry aren’t smiling. With an oil price of less than US$60 dollars a barrel and – with a global recession
Full story...A hell of a lot can change in nine months. A child can grow from conception to birth. Less auspiciously, if you are oil giant BP, you can be torn rudely from a nice, warm womb of triple-figure oil prices to emerge blinking into
Full story...It was an historic week for US politics, with the election of Barack Obama as the new US president. His victory comes with a bag of mixed messages for the oil industry. The good news is that he is planning to attack the economic
Full story...We’ve noted this phenomenon a couple of weeks in a row already, but the fact we’re doing so again is itself evidence of a trend: as we’ve already said, perhaps of some kind of floor has been found for the sector. At the end of
Full story...Aim-traded, US-focused Empyrean Energy benefits from being a producer rather than purely a high impact explorer. Being the latter has seen many of Empyrean’s Aim peers come to grief this year as wary investors have ditched energy
Full story...Roughly speaking, oil prices are down to 50 per cent from their peak of six months ago. Putting to one side the observation that most economists did not have prices as high as US$60 per barrel anywhere on their projections for
Full story...Even global economic apocalypse gets boring after a while. As geriatric-baiting BBC radio DJs have shoved the credit crunch off the UK front pages, so too the markets finally seem to have grown jaded with panic. At the time of
Full story...They came, they saw, and they cut – but not by enough. After all the speculation attending OPEC’s emergency meeting that took place on Friday in Vienna, in the end the cartel decided to trim production by 1.5 million barrels per
Full story...Many years ago, my first boss at BP said something along the lines of “If you have US$100 to spend on geophysics, spend US$99 on seismic and the US$1.00 on a good cup of coffee!” However, as we moved into the 21st century, I
Full story...One alternative to investing in oil & gas companies and their assets, promises and aspirations is to “follow the cash” and invest in the oil field service sector. The cash you’d be following, according to some estimates, could be
Full story...With WTI spot at US$72 per barrel and Brent spot barely holding at US$68, the wheels have definitely come off the oil bull wagon. Now the temptation for the herd is, if anything, to swing abruptly in the opposite direction - note
Full story...It seems world oil markets are in for a bumpy ride with uncertain times for global oil investors. At one time, crude oil prices were in sharp decline, rapidly falling to a record 16 month price of below $US70/barrel and just as
Full story...From the late 1400s until Roald Amundsen’s successful 1906 expedition, world powers competed to find the elusive Northwest Passage – hoping to reap the rewards of the quickest route to riches of the Orient. Many expeditions
Full story...Underground conversion of coal to gas, in a safe and profitable way, has been one of the mining world’s “Holy Grail” pursuits for the past 70 years, without much success. In the next few weeks the latest attempt to prove the
Full story...As the week opened, oil prices on global markets fell dramatically to below US$90 a barrel, the commodity’s lowest price for the previous eight months. The African oil scene immediately responded by catching a cold after the
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