Trump’s Plan To Open California’s Coasts To Drilling Will Probably Fall Flat

An article in the Los Angeles Times cites state regulators and simple economics as reasons why new offshore drilling opportunities, promised by the Trump administration, will probably amount to nothing more than a few news headlines. The piece maintains that “California has powerful legal tools to head off new offshore development, and the price of …

Big Oil Is Poised for Its Best Year in Decades

According to Michele Della Vigna, head of energy-industry research at Goldman Sachs, in 2018 companies from Royal Dutch Shell Plc to Exxon Mobil Corp will find themselves with an excess of cash which will fund dividends, ruling the world of deep water mega-projects and even coming out ahead in tax negotiations with oil-reliant governments around …

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 …