I have read several glib remarks about current low prices signalling the final demise of the North Sea. I can quite easily see a dip in production as start-ups are put back and maintenance work overs are deferred, but the cost of abandonment will always...
It is difficult to say how well hedged or otherwise was the oil industry as we headed into this low price cycle. The first quarter’s results will prove informative. But some companies who planned to hedge found they could not do so because the trusted...
11/9/2014Platts announced yesterday that the “Saudi Aramco Products Trading Company …. intends to take part in the Asia Platts Market on Close assessment process for fuel oil, gasoil, gasoline, jet fuel and naphtha swaps”.BackgroundThis is a curious development. It comes at a time when industry...
The fate of oil and gas offshore Scotland if there is a yes vote next month has attracted many column yards in the last few months. Conventional wisdom, never a reliable source, suggests that the licences to explore and produce oil and gas in the...
