Blogs

 

Permian – update through November 2020

These interactive presentations contain the latest oil & gas production data from all 28,999 horizontal wells in the Permian (Texas & New Mexico) that started producing from 2008/2009 onward, through November. Visit ShaleProfile blog to explore the full interactive dashboard Total Production Permian tight oil production rose in November by 1% m-o-m to ~3.8 million bo/d (after upcoming revisions). Natural gas production is wi

shaleprofile

shaleprofile

 

Crude oil price spike in the early morning in Asia; a drone was behind it!

At 04:27 GMT on Monday, Brent crude price went up by $1.09, a rise in 1.8%. WTI crude, meanwhile, gained $1.28. Analysts may think the stimulus package announced by the Biden administration and the hopes of success of the vaccination programmes across the world are behind the spike in crude price in the morning hours in Asia. It, however, was triggered off by a drone operation aimed at Saudi Arabia by Houthi rebels. According to Saudis, a drone, laden with explosives, was detected by the Sa
 

Electricity from Renewables: still, dark days can cause major problems

On Boxing Day in 2020, we were mostly indoors due to the lockdown over the Christmas period in the United Kingdom; nature hardly helped alleviate the gloom during the difficult time either in the hour of national need; on the contrary, its fury developed into a monstrous storm, knows as Storm Bella, which relentlessly battered the British Isles. Being true to the cliché, the dark clouds did have a silver lining as far as the camp of renewables was concerned; the winds of Storm Bella, with g
 

Oil Price: all ears on next OPEC+ meeting in March

The next monthly meeting of the OPEC+ on March 4, is going to be crucial for the oil price in particular and the economies of the world regardless of their strength in general. At present, the factors which are always in favour of steady oil price are active and in full swing: the inventory draws are significant; China has been importing crude oil at an increased pace and so has India; Covid-19 vaccines bring in new hope for controlling the pandemic. In this context, OPEC+ can play the
 

Shell to freeze staff salaries, warns of layoffs in green energy pivot

Shell is starting one of the biggest reorganizations in its history as it pivots from a century-long structure that prioritized oil and gas production. There will be as many as 9,000 job losses over the next two years, with cuts already announced in The Netherlands, the UK and Malaysia. A second round of voluntary redundancies is also underway, Shell CEO Ben Van Beurden said last week. View the full article
 

Oil price defies new lockdown threats

Oil surge continues as investors feel that the demand is back on track and it’s finally irreversible regardless of the bad news on the Coronavirus front with the discovery of new variants. Investors seem to be particularly buoyed by the projected increase in demand by two leading developing countries in Asia, India and China, as the respective economies show healthy signs of recovery. Although activities in the South China Sea involving the world’s two biggest economies is a concern, t
 

Crude Oil Makets: bull runs riot before a caged bear

I have been looking at many charts that depict the current oil prices and even created one for my own website/blog using the weekly oil price data since 1987, from the EIA, the US Energy Information Administration. Despite all that, sensing the trend, upward or downward, on weekly basis is as ridiculous as betting on the foot that a centipede will put ward in order to shorten its crooked path. I am sure this must be the nightmare of every chartist who lurches on the uncertainty of cru
 

North Dakota – update through December 2020

This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well. Visit ShaleProfile blog to explore the full interactive dashboard These interactive presentations contain the latest oil & gas production data from all 16,234 horizontal wells in North Dakota that s

shaleprofile

shaleprofile

 

Decarbonizing the smoke trail: new mission of the United Airlines

Airlines, one of the hardest hit sectors by the pandemic, anticipate man-conceived headwinds when they finally get back to normal business in the post-pandemic world. The airline sector feels that they will have to come up with long-term strategies to reduce greenhouse gases at their sources – the engines that spew thousands of tons of carbon dioxide, in this case. This is a sector that lost almost 75% of its passenger numbers due to the pandemic and on a soul searching mission to get