Trends
Recruitment: Plugging the capability gap
11 November 2008
OIL COMPANIES must make technology and technical competence core parts of their business, avoiding "the mistakes of 20 years ago" when the trend was to outsource these areas to contractors, says Andy Inglis, BP's head of exploration and production.
Engineering a world of difference
11 November 2008
The region's oil- and gas-based economies require highly skilled, highly educated engineers. But a lack of sufficient local engineering programmes means the required engineers are trained elsewhere. Texas A&M University at Qatar seeks to change that. By Mark Weichold, dean and chief executive, Texas A&M University at Qatar
A new source of comfort
1 November 2008
The oil price is still above $60/b. But not by much. And, with the global economy still in turmoil, the chances of further losses seem greater than the prospect of a sustained rally, say analysts.
Confusion reigns over energy policy DUPLICATE 2745799
1 November 2008
October's federal election barely changed the balance of power, but the Conservative party's energy plans face growing opposition, writes WJ Simpson
Testing times for Alberta's oil sands DUPLICATE 2745800
1 November 2008
With project costs rising and credit hard to secure, forecasts for oil-sands production are being scaled back, writes WJ Simpson
Oil prices on the slide
1 November 2008
The Bulls' new clothes
1 October 2008
WITH crude oil futures continuing to weaken, the question now is at what point the sell-off will stop. The Brent November contract was down by $0.74/b at $76.72/b on Tuesday afternoon; November WTI futures were $0.82/b lower at $80.37. And, although it is just three months since WTI futures were changing hands at over $147/b, some analysts are even talking of $50/b as a realistic downside target.
The new prize
1 October 2008
CCS can deliver a significant portion of the emissions cuts needed over the next half-century.
Prices firmer as Opec considers cut
1 October 2008
THE PROSPECT of an Opec production cut helped firm oil prices, with December-delivery Brent trading just shy of $71.50/b on Tuesday morning in London. Better economic news from the US has also restored some confidence to the market
Smart metering: a piece in the climate puzzle
1 October 2008
In the world of electricity, few consumers understand what they are consuming, or where it is being consumed. Smart-metering technology provides a better way for people to understand and control their power consumption. By Doug Houseman, Cap Gemini
Oil price finds temporary floor as equities rebound
1 October 2008
The price of crude appeared to have found a floor, albeit perhaps a temporary one, as equity markets in Asia and Europe turned around after days of crippling losses that have dragged commodity prices down with them.
Back in the oil-price cycle
1 October 2008
OIL SOARED and the billions flowed to the producers. The sheikhs in the Middle East began building new skyscrapers and Russian oligarchs bought new boats. Meanwhile, high energy prices helped tip the world into recession. For consumers, it has been painful, so their Schadenfreude as oil prices sink and exporters start to panic is understandable.
Markets in turmoil
1 October 2008
US light, sweet crude oil futures were back above $90 a barrel on Tuesday, but, with the world's financial system still in turmoil, where prices go next is anyone's guess.
Opec cuts and the market shrugs
1 October 2008
The global economic downturn is eroding oil demand. Opec's cut last month – 1.5m b/d – might slow the fall in oil prices, but the outlook is bleak for producers
Global supply takes a hit
1 October 2008
Arctic: great potential and interest, but huge challenges
1 September 2008
Security of energy supply is high on the political agenda. Soaring energy prices and technological advances have made it possible to exploit petroleum resources in areas that were previously inaccessible. Policymakers are increasingly interested in the potential of the Arctic. By Morten Anker, advisor, and Eivind Magnus, director, The Petroleum Group, Econ Pöyry
Opec cuts and prices rise
1 September 2008
During Tuesday trading, Brent futures fell below $100 a barrel for the first time since April, as the dollar's gradual recovery and weaker global oil demand continued to depress prices. On Wednesday, however, following a surprise decision by Opec to cut crude production, Brent was back above that level, the October contract rising by $0.02/b to $100.36/b. WTI October futures, meanwhile, were up by $1.07/b at $104.33/b.
What goes up ...
1 September 2008
Oil prices fell by 5% today amid renewed turmoil on financial markets. With Lehman Brothers seeking bankruptcy protection, Merrill Lynch being sold to Bank of America, and concerns about the stability of insurer AIG mounting, Brent futures for November delivery were down by $4.55/b, at $89.69/b. WTI futures for October delivery were $4.35/b lower, at $91.36/b. Both Brent and WTI are at their lowest points since February.
The ever-deflating oil bubble
1 September 2008
A few months ago, the prospect of $100 a barrel oil was real and frightening. It is a real prospect once again, but this time it is a point that would be reached with relief, not trepidation. Last week, oil prices rose to almost $120/b as markets fretted about the threat Hurricane Gustav posed to US offshore oil infrastructure.