You need to log in or create an account to post to this user's Wall.
-
PatrickO'Brian posted an update 5 years, 12 months ago
I completely agree – this is premature – But didn’t realize that the Permian was down to an estimated $40 breakeven cost…
The Permian Oil And Natural Gas "Growth Wall" Is Short-SightedThe Permian oil and gas production boom confronts pipeline issues, but make no mistake: the future remains very bright.
-
PatrickO'Brian wrote a new post, Oil soars 2.9% to 3-year high, settling at $68.47, as US crude stockpiles drop 6 years ago
Oil prices rose to their highest level since late 2014 after government data showed U.S. crude stockpiles fell last week and as the market continued to worry about supply disruptions in key fossil […]
-
PatrickO'Brian wrote a new post, Royal Dutch Shell to resume deep-water exploration off Egypt 6 years ago
Royal Dutch Shell said it will resume deep-water exploration for oil and gas off Egypt’s Mediterranean coast, Executive Vice President Sami Iskander told a news conference on Tuesday.
Egypt i […]
-
PatrickO'Brian posted an update 6 years ago
This is a great question. I remember when there were tankers and tankers full of oil sitting offshore when the downturn started. Amazing that we’re now at a three year low.
—
https://www.wsj.com/articles/what-happened-to-the-oil-glut-1523546157What Happened to the Oil Glut?A glut of stored oil that helped keep prices low for years is almost gone, thanks to production cuts by OPEC and Russia, a humming global economy and a series of small but meaningful supply disruptions.
-
PatrickO'Brian posted an update 6 years ago
Very interesting article. A plot that could be the base of a oil spy novel (or at least short story)
-
PatrickO'Brian wrote a new post, Statoil awards $1.5 billion drilling contracts, favors Archer 6 years ago
Statoil has awarded 12 billion Norwegian crowns (.53 billion) worth of new platform drilling contracts to Archer, KCA Deutag and Odfjell Drilling, the Norwegian oil company said on […]
-
PatrickO'Brian wrote a new post, Russian oil output hits 11-month high in March 6 years ago
Russian oil output rose slightly in March to an 11-month high of 10.97 million barrels per day (bpd), above a quota agreed under a global pact to curb production, energy ministry data showed on […]
-
PatrickO'Brian wrote a new post, US shale pumping will see oil prices slide back to $50, JP Morgan analyst predicts 6 years ago
Efficiency improvements from the world’s largest oil-producing firms and countries, alongside the rise of U.S. shale, will see prices slide back to near $50 a barrel, according to research at investment b […]
-
PatrickO'Brian wrote a new post, Oil prices rise as geopolitical tensions offset surging US crude output 6 years ago
Oil prices rose on Tuesday, supported by concerns that tensions in the Middle East could lead to supply disruptions.
Read Full Article Here: […]
-
PatrickO'Brian wrote a new post, We won't seriously consider an IPO over the next few years: Petronas Lubricants chief 6 years ago
“In the short term, for the next couple of years, [an IPO] is not something we are looking at very seriously,” said the managing director and group CEO of Petronas Lubricants International […]
-
PatrickO'Brian wrote a new post, The U.S. Oil Boom May Be About To Expand Beyond The Permian 6 years, 1 month ago
Department of the Interior (DOI) Secretary Ryan Zinke announced on Wednesday morning that the just-conducted Gulf of Mexico lease sale – which DOI has billed as the largest in history – garnered $124.8 million […]
-
PatrickO'Brian wrote a new post, Asset Sales Accelerate In The Oil & Gas Industry 6 years, 1 month ago
Now that oil prices have solidified above per barrel, companies are beginning to shed more valuable assets to pay down debt and fund their more profitable plays.
Read Full Article Here: […]
-
PatrickO'Brian wrote a new post, Chevron Says Climate Change Lawsuit `Not Viable 6 years, 1 month ago
Fossil fuel companies have filed to dismiss a climate change lawsuit as they prepare to deliver an unusual “tutorial” on climate science to the federal judge overseeing the case.
Read Full Art […]
-
PatrickO'Brian wrote a new post, Producers could be getting their appetite for investment back with oil at $65 6 years, 1 month ago
With oil prices in a protracted period of stability, companies are gradually getting the confidence to invest again, the CEO of Woodside Petroleum indicated. Although Coleman cautioned that it was still […]
-
PatrickO'Brian wrote a new post, Oil and Gas Leaders Warn Trump He Risks Harming Their Industry 6 years, 1 month ago
President Donald Trump disagreed with executives of major oil and gas companies Thursday about the importance of keeping binding dispute settlement procedures in a renegotiated North American Free Trade […]
-
Globalization is a farce. It assumes a level playing field (equal labor costs, equal government intervention, equal distribution of resources, etc…) which does not exist.
Apparently the rest of the world expects, and demands, access to the US market without reciprocating. -
Doug, equal labor costs is impossible. The cost of living in each country changes, therefore salaries are different. Labor costs in the US are very high, so made in America products will be very high. If America shuts out the rest of the worlds imports or puts high tariffs on the products this will not help America. Their products would cost to much that the American people would not be able to afford them. This would lead to factory’s producing less and laying off people.
-
-
PatrickO'Brian wrote a new post, Saudi Aramco's international listing is said to be looking increasingly problematic 6 years, 1 month ago
Saudi Arabia’s state-owned oil behemoth is increasingly looking to just float locally, as plans to list on an international exchange hang in the balance, Reuters reported.
Read […]
-
PatrickO'Brian wrote a new post, Oil prices fall on relentless rise in US crude output 6 years, 1 month ago
Oil prices fell on Tuesday, extending falls from the previous day, as the relentless rise in U.S. crude output weighed on markets.
Read Full Article Here: […]
-
PatrickO'Brian wrote a new post, Most investors are underweight energy stocks, 'by a lot': ConocoPhillips CEO 6 years, 1 month ago
ConocoPhillips CEO Ryan Lance spoke at CERAWeek in Houston this week, and as CNBC and others are reporting – Mr. Lance says the energy sector wants investors to like it again.
Mr. Lance made the following c […]
-
PatrickO'Brian wrote a new post, Exxon sees earnings doubling by 2025 at current oil prices 6 years, 1 month ago
NEW YORK (Reuters) – Exxon Mobil Corp, the world’s largest publicly traded oil producer, said on Wednesday it expects its earnings to more than double by 2025 to $31 billion with crude prices at or above […]
-
PatrickO'Brian posted an update 6 years, 1 month ago
Hint, it’s not Exxon, Chevron, and Shell – After basically calling it too small for their interest, the CEO covered his future by stating “never say never”
https://oilprice.com/Energy/Crude-Oil/The-Only-Oil-Major-Not-Buying-Into-The-Permian.html
The Only Oil Major Not Buying Into The Permian | OilPrice.comThe Permian has been attracting attention from some of the biggest players in oil lately, though one supermajor is still not sold on the popular play