Could 3D Seismic Technology Be The Next Arbitrage For Australian Startups?

Source: Forbes   Australia is known for its plethoric natural resources. The abundant resource sector has long been a major contributor to the country’s economy. However, despite $200 billion of capital investments over the past decade, industries are experiencing a down turn in activity compared to the prosperous period of the mining boom. The oil sector, particularly, is showing a climactic decline due to a combination of exhausting mature oil fields and a lack of innovation …

Indonesia’s Ailing Oil Sector Needs Urgent Overhaul

Indonesia’s oil industry is languishing, it’s fields are depleting and it desperately needs investment, but unlike another up-and-coming oil major—Argentina—it’s not willing to do what is necessary to lure in big foreign money. Indonesia’s oil industry contributed just 3 percent of GDP last year, from almost 15 percent in 2014 and as much as a quarter back …

Lower oil prices set to slow 2018 growth in U.S. crude production, says EIA

Lower prices for oil this year and next are likely to prompt a slowdown in U.S. crude production next year, but domestic output is still expected to reach an annual record in 2018, according to a report from the U.S. Energy Information Administration released Tuesday. The report provided some additional support for oil prices Tuesday, with …

Has This Small Cap Oil Company Unlocked Exploration Risk?

There is no sure-fire method to eliminate risk in searching for oil. 21st century technology has yet to provide a perfect solution however, it is rapidly expanding the way in which companies identify oil and gas reserves.  In light of the global surge in shale fracking or unconventional exploration these technological advancements are also addressing …

US crude oil in storage had a huge spike last week

US crude oil inventories surged last week by the biggest amount since last April. Data from the Energy Information Administration showed that inventories jumped by 10.4 million barrels, much more than the forecast for 3.604 million according to Investing.com. On Tuesday, the American Petroleum Institute’s data also showed a big build, by 9.9 million barrels, which …