5 Reasons Why It Is Now Impossible To Ignore Global Warming
Climate change is a strangely divisive topic. While it is a scientific certainty, there are many who look for ways to avoid reality. While this might have been possible at one point, it's become far too late to ignore global warming.
The Peak Demand Branding - A Thank You...
The genius mind behind the branding of the Peak Demand community belongs to none other than Chris Corridore.
The LNG Bandwagon Keeps Growing
LNG used to be more of a producer-buyer relationship, with firms like Petronas, Pertamina and Qatargas cutting deals directly with buyers in Japan and South Korea. With a tidal wave of LNG swamping the industry, the opportunity of increased trading arose as LNG trading hubs like Singapore developed. With access to BG ’s vast LNG portfolio and its own, Shell was in prime position to take advantage of a nimbler, more flexible LNG environment.
OIL AND GAS Weekly Update: 6 - 10 Nov
Geopolitics Is Rearing Its Head Again In Oil
With Brent almost touching US$65/b and WTI within shot of US$60/b, this is cheer for the market, where most participants had resigned themselves to a prolonged period of US$50/b oil. There are several factors propelling this rise. OPEC 's insistence that its supply freeze is working is proving true; despite the rise in American production (and American exports hitting all-time highs), the OPEC deal appears to be slowly clearing out the global glut. And then there has been a re-emergence of something the market hasn’t seen in a while – geopolitical risk premium.
A deeper look into OIL and GAS markets with SEAMOG CEO Sofiyan Yahyan - NRGTalk
You have held and currently hold many important roles in oil & gas organisations, being a founding member and former president of MOGSC, current VP of MOGEC, and CEO of SEAMOG Group Sdn Bhd, to name a few. Over the years, what has been your greatest achievement(s)?
Update: WEEK 30 Oct - 3 Nov OIL AND GAS - Easwaran
In the world oil:
US crude gains more market share in Asia
Those refineries have come back online, but the spread is still persisting. It is so large that India’s Reliance – an opportunistic buyer if there was any – bought a massive million barrel cargo of US crude oil last week. All across Asia, key buyers are taking advantage of this new arbitrage window to stock up on (cheaper) American crude, some for the very first time. Indian refiners – notably state refiners IndianOil, HPCL and BPCL – are leading the way, with buyers from South Korea, Japan, Thailand and Singapore also in the fray. Chinese activity is still minor, but one has to imagine they can’t be that far behind.
The Russia-Saudi Bromance
On the other, America, and to a lesser extent Europe, dependent on the former for energy. It worked in the 1970s, when the oil shocks proved the potency of supply restrictions. In the decades since then, OPEC has lost a lot of power. Sources of oil and gas have diversified. The USA is now on track to be a net exporter of crude and natural gas. Europe is charging towards a future that diminishes the need for hydrocarbons. And OPEC is no longer the biggest boy in town; Russia is now the world’s single largest oil producer – and has been China’s top oil supplier for several years now.
Remaking Saudi Arabia for Aramco’s IPO
Though Saudi Finance Minister Mohammed al-Jadaan told investors just recently on the 25th of September that the IPO of Saudi state oil giant Aramco will proceed as planned in 2018. Saudi Aramco said in a statement that the IPO remains ‘on track’, underlining that it was committed to ensuring high standards.
Buyers Reign in LNG Pricing
This is the second such win for India, which has vocally expressed its grievances of being locked into expensive long-term contracts signed when LNG prices were at their peak, but are now out-of-sync in an increasingly oversupplied market. Most see this as a harbinger of times to come, as LNG buyers gain in power, and many are watching to see if the traditional LNG consuming juggernauts of Japan, South Korea and China might follow.