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Oljeprisen

OIL

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Veldig interessant om Iran og norske fremstøt, ikke bare på olje: #OIL #Oppdrett #SSO #KVAER #DNO og IKM/Ståle Kyllingstad: Norske folk og penger er på vei inn i landet med verdens største olje- og gassreserver (Iran) - Nedturen på norsk sokkel sender risikovillige oljeselskaper til Iran. Ståle Kyllingstad i IKM har allerede 14 personer på jobb i landet. – En del av konkurrentene sover i timen, sier han." http://www.aftenposten.no/okonomi/Norske-folk-og-penger-er-pa-vei-inn-i-...

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Trump har allerede lagt ut en energiplan iht dn.no : USA skal bli energiuavhengig av andre land (særlig OPEC), reguleringer i energibransjen skal fjernes, det skal skapes jobber i kullindustrien opg bruken av uutnyttede skiferressurser på 50.000 milliarder dollar (!!) skal brukes til å bygge opp amerikansk infrastruktur. #oil

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US oil rig count fyrer av et skremmeskudd til oljemarkedet. Økningen i landbaserte aktive oljerigger er 29 på en uke - det er en økning på 5,5%! Det mest produktive området, Permian, økte med 13 eller 4,8% - Woodford økte kraftig med +9 eller en økning på 24%. Merk: dette hopper og spretter litt fra uke til uke og bør egentlig ses på månedsbasis og økningen har vært mindre ukene før. Men økningen i antallet på Permian-området er uansett den største på en uke siden 2014. #oil

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They call it “Permania”. The Permian Basin of western Texas and eastern New Mexico has become the hottest region in the US shale oil industry, for drilling, for production and for dealmaking.

The region was already in high demand for acquisitions last year, and a couple of deals this week with a combined value of almost $10bn have confirmed that Permian assets are still the most sought-after for companies seeking to increase their US oil production.

Asset prices have been bid up to the point that some industry observers are starting to ask if they are unsustainable.

As one respondent to a recent survey for the Federal Reserve Bank of Dallas put it: “Permian transactions are approaching price multiples associated with a bubble or a Ponzi scheme,” reminiscent of the property boom of the early 1980s or the technology bubble of the 1990s.

As in the dotcom bubble, there is a technological revolution underlying the inflation of asset prices. Spurred by the slump in crude prices that began in 2014, shale oil producers across the US have been cutting costs and boosting productivity.

The Permian region has weathered the downturn the best. Since April 2015, oil production has dropped 19 per cent and 37 per cent respectively in the shale areas of Bakken in North Dakota and Eagle Ford in south Texas, according to the US Energy Information Administration. But in the Permian, it has risen 14 per cent. #oil

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#OIL. Oil production in the Permian Basin could rise by 53,000 barrels a day by next month, the Energy Department said Tuesday, and analysts expect the flurry of West Texas land deals to keep drillers pumping oil.

That’s the largest monthly increase in the region since January 2016, according to data compiled by the Energy Information Administration. The EIA’s first shale oil forecast of the year comes after U.S. shale drillers dispatched scores of rigs to the region and companies like Exxon Mobil Corp. and Noble Energy announced multibillion-dollar land grabs there.

“All these guys putting money to work are going to have to drill to get a return on their investment,” said Stephen Trauber, head of global energy investment banking at Citigroup in Houston. “They’re going to see pretty significant growth. There are still several more deals that could get done.”

The EIA said oil production across the nation’s seven major shale plays is set to rise by 41,000 barrels a day, with the Permian’s increase offset by declines in the Bakken Shale in North Dakota and the Eagle Ford Shale in South Texas.

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Key oilfield themes for 2017. Monday, 02 January 2017 #BWO #OIL "New offshore production systems orders to finally emerge: Following a period of some 18 months since the last order for an offshore floating production system, it appears that 2017 will see some ordering activity at last. This includes (amongst others) FPSOs for Hurricane’s Lancaster development, Exxon’s Liza EPS, Petrobras’ Libra & Sepia fields and a semi-submersible for BP’s Mad Dog 2." http://www.oedigital.com/drilling/item/14293-key-oilfield-themes-for-2017

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#OIL. EIA.s ukentlig pr 6/1/17 viste produksjon "Lower 48" 8,431 mill fat/dag (opp 190k/dag fra forrige periode. 275k mindre enn for for 1 år siden pr 8/1/16. Activity in the oil patch took its biggest step backward since June with seven drilling rigs removed from oil fields throughout the U.S. The overall rig count fell this past week for the first time since September, although the resilient Permian Basin in West Texas still saw one rig added. The Permian now accounts for more than 51 percent of all the nation’s active rigs drilling for oil, according to weekly data collected by the Baker Hughes oilfield services firm. The rare recent fall in the rig count could partly prove seasonal with the end of the holidays and a recent freeze that swept across most of the country, including much of Texas. The overall rig count saw a net loss of six rigs, because the number of rigs pursuing natural gas jumped by one. Texas saw a net loss of two rigs with one each lost in the East Texas’ Barnett Shale and in the Panhandle’s Granite Wash Basin. The only shale area to lose more than one rigs was Colorado’s DJ-Niobrara basin, which fell by two rigs. The total rig count is now at 659 rigs, up from an all-time low of 404 rigs in May, according to Baker Hughes. Of the total tally, 522 of them are primarily drilling for oil. After the Permian, the next most active area is Texas’ Eagle Ford shale with just 47 rigs. The oil rig count is down 68 percent from its peak of 1,609 in October 2014, before oil prices began plummeting. The price of U.S. oil hit a low $26.21 on Feb. 11 before beginning to rebound. The U.S. benchmark for oil prices was hovering below $53 a barrel early Friday afternoon.

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