Old Oil Is New Again

Source: Wall Street Journal From California’s Central Valley to the Native American lands of Oklahoma, more small- and mid-sized oil firms—many backed by private equity—are forgoing expensive shale drilling projects and opting for old-school wells instead. As crude prices languish under $50 a barrel, and with increasing costs for land, labor and infrastructure, some shale …

How Energy Hedge Funds Are Making Money as Oil Prices Stagnate

For the oil-trading community, the fall of hedge fund manager Andy Hall signaled a heavy blow, but while commodity funds continue to shutter their doors, some are finding other ways to make money, including trading refining margins and calendar spreads. Commodity hedge funds have dwindled in recent years as oil prices slumped, leaving only a …

Oil Prices Inch Higher As Libya Closes Crude Export Terminal

The Zueitina oil terminal in Libya has ceased loading cargos as port workers protest, demanding better working conditions, Bloomberg quoted the head of the workers’ union Merhi Abridan as saying. This means that oil coming from the fields around Zueitina will be stored at the port for the duration of the protest, and a spike in exports …

“California Dreamin”… Sun, Fun, and Oil

California Dreamin a 1960’s anthem by The Mamas & The Papas depicted the longing of a generation for the climate and culture of California living.   Wikipedia defines the California Dream “as the psychological motivation to gain fast wealth or fame in a new land”.  Whichever definition you aspire to the truth remains the same, California …

The South China Sea’s untapped oil and natural gas are back in focus

The contested South China Sea has large deposits of oil and natural gas. Perhaps luckily for the environment, drilling for these resources has been discouraged by political tension among nations in the region. In particular, energy companies worry about China’s ongoing insistence that everything within its infamous nine-dash line—which marks off nearly the entire sea—is its …

Multiple Oil Discoveries Drives Awareness to this Micro Cap Stock

Three-peat, is a trademarked term by LA Lakers, Pat Riley during their attempt at a third consecutive NBA championship during the 88-89 season. Although unsuccessful in their attempt that season, the term quickly became synonymous with winning and success.  The genesis of the term was sports but a three-peat in business may be just as …

Nigeria Oil Moves

Anyala and Madu oil fields offshore Nigeria have moved toward development with an agreement for financial and technical assistance from Schlumberger Ltd. A joint venture of Nigerian National Petroleum Corp. and First Exploration & Petroleum Development Co. Ltd. signed an agreement with Schlumberger envisioning combined production of 50,000 b/d of oil and 120 MMscfd of natural gas starting in 2019. …