Trends
How the mighty are fallen
1 December 2008
Crude fails to consolidate gains
25 November 2008
Oil prices got off to a strong start this week, rising by $5 a barrel on Monday to comfortably over $50/b. Traders attributed the rally to firmer equities, following the Citigroup bail-out, a weaker US dollar – boosting the appeal of commodities as a currency hedge – and cold weather. The growing prospect of another cut in Opec production at its 29 November meeting in Cairo was also seen as supportive.
Saudi Arabia rethinks expansion plans
25 November 2008
Regional producers, most notably Saudi Arabia, may delay large oil and gas developments as commodity prices fall, reports James Gavin
Petrobras' pre-salt plans under threat
25 November 2008
The financial crisis is threatening Petrobras' plans to fast-track pre-salt reserves development, offering opportunities for foreign firms. China's CNOOC is among the interested investors, writes Robert Cauclanis
Oil market gaze turns to China (1)
25 November 2008
Rising oil demand from China was one force behind the bull-run in energy markets of the last few years. Can the market rely on the country's economy to rescue prices? Derek Brower reports
Saudi Arabia rethinks expansion plans (1)
25 November 2008
Regional producers, most notably Saudi Arabia, may delay large oil and gas developments as commodity prices fall, reports James Gavin
Producers struggle through downturn
25 November 2008
Making biofuels is no longer the attractive proposition its was when oil was trading at over $100/b, but demand driven by transport-fuels quotas should see the industry through the economic slump, writes Ian Lewis
No other alternative
25 November 2008
Oil-price fall continues. How low can it go?
18 November 2008
Crude oil prices are close to $50 a barrel and there seems to be little preventing them from falling below that level. On the contrary, the market is stuck in a seemingly relentless cycle of downgrades to GDP and oil-demand forecasts.
Testing times for Alberta's oil sands
18 November 2008
With project costs rising and credit hard to secure, forecasts for oil-sands production are being scaled back, writes WJ Simpson
Confusion reigns over energy policy
18 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
Nothing can stop the bears
11 November 2008
OIL PRICES slumped by over 5% on Tuesday, as concerns about the severity of global recession intensified. With the world's main stock indices falling steeply, Brent futures for December delivery were $3.01 a barrel lower at $56.07/b. WTI futures for December delivery were down by $2.25/b at $60.16/b – having earlier briefly moved below $60/b.
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.