Thriving and Surviving in Oil & Gas


It’s been happening all our lives. Oil & Gas prices fluctuate, and with the ups and downs, the industry adapts and looks to thrive—and more recently, to survive. In 2015, when oil fell to its lowest price in seven years, more than 100,000 jobs were shed and organizations looked to slash billions in spending.  It’s a cycle. It always has been, and always will be. Despite this fact, there is technology on the horizon that can help organizations make right-size investments during the survival phase.
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Lifting the Oil Export Ban – Market Impact


On Friday January 1, 2016, the Theo T left Corpus Christi Texas with a cargo of crude oil and condensate headed for Vitol Inc. refineries in Europe. For the first time in 40 years, the United States is exporting crude oil to a non-Canadian market. One tanker is a drop in the bucket, but during the months and years to come, this event will mark a dramatic change in the global oil market, as it brings the substantial competitive and technical capabilities of American producers to bear in head-to-head competition with state-owned oil monopolies. Forecasting future exports is challenging given price volatility and geopolitical challenges in the Middle East. However, the US Energy Information Administration (“EIA”) has built three cases to illustrate the potential for US exports out to 2025, and one of the stories of the next several years in the oil business might involve the influx of American barrels on foreign shores.
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We have the “Way;” Now need the “Will”


The “way” has already been paved by the House; now all that remains is the “will” – of the Senate, that is.
 
In September, the U.S. House of Representatives approved several bills designed to reduce the United States’ dependence on foreign energy sources, create jobs, add billions of dollars in revenue, and help protect America’s security by eliminating our dependence on foreign oil.
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The Winter of 2014 Has Exposed Energy Market Weaknesses


2013 can be thought of as an uninspiring year for natural gas and power markets in North America.  Low gas prices brought about by increasing production, high storage levels and mild weather had seen generators increasingly switching from coal to gas for fuel, in turn keeping power prices and volatilities low.  And though prices for both commodities were up over the low marks of 2012, they remained moderate and stable for most of 2013, lulling suppliers and traders into what eventually turned out to be a false sense of security.
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