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Latin American crude exports to USGC see small gains amid coronavirus upheaval
Latin American countries, excluding Venezuela and Argentina, have slightly increased crude exports to the US Gulf Coast market in 2020 to date, despite fierce competition from Canadian and Middle East...
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Cross currents: Big oil and the energy transition
Well before the oil price rout caused by the coronavirus pandemic, commentators and shareholders were calling on Big Oil to make step-out energy transition acquisitions. Now, with economies in lockdown...
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Oil majors wrestle with reserves as industry health measure
As oil majors and investors grapple with the upheaval of the energy transition, some traditional metrics for producers’ long-term growth potential are up for debate. Climate change, the renewable...
View ArticleInvestors in energy majors step up demands on climate action
Shareholder activism has a long history in commodities. In the early 17th century, Isaac Le Maire, grain trader and disgruntled former governor of the Dutch East India Company, attempted to break the...
View ArticleBig Oil’s shale revival prompts industry doubts: Fuel for Thought
Oil and gas majors have brushed themselves off after the industrywide downturn and are back on their feet trying to mimic the success of smaller companies in US shale. But many doubters still question...
View ArticleCan electrification penetrate the heavy-duty vehicle sector?
“Daddy, when I grow up, should I become a petroleum engineer?” As noted frequently in Platts monthly newsletter Energy Economist, the decarbonization of transport seems for many limited to the light...
View ArticleWhite House tries to join CERAWeek party
Shortly after ExxonMobil Chairman and CEO Darren Woods took the stage at CERAWeek by IHS Markit in Houston, the White House sent out a statement congratulating Woods and his company on a $20 billion...
View ArticleMany US cracker projects moving along as expected, earnings calls show
Total aims to decide this year whether to move forward with a second steam cracker at its refining and petrochemical complex in Port Arthur, Texas, executives said last week. The French oil major...
View ArticleTax reform is on the minds of US oil producers, refiners
The wave of fourth-quarter 2016 earnings calls is just getting started, but tax reform already seems to be the topic du jour for oil and gas companies. Analysts have been asking executives how they’re...
View ArticleUS ethane cracker updates in petrochemical Q3 earnings calls
The first in a wave of US Gulf Coast ethane cracker projects is slated to start up in the first quarter of 2017 when Occidental Petroleum Corp. and MexiChem’s new joint-venture 550,000 mt/year project...
View ArticlePetchems a bright spot in an otherwise arduous earnings season
Petrochemicals are offering growth as energy companies struggle with lingering low crude prices, though some face project delays and others are proceeding with caution, the latest quarterly earnings...
View ArticleWith JV, Sabic makes bold move for North American petchem markets
Leave it to ExxonMobil Chemical and Sabic to do it big. The global petrochemical heavyweights made headlines recently in announcing they are considering a joint venture for a multibillion-dollar...
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Struggles to cut cost delay oil play production in Argentina: At the Wellhead
There are always myriad reasons why vast oil resources worldwide may not be produced, and in this week’s Oilgram News column, At the Wellhead, Charles Newbery digs into challenges facing the biggest...
View ArticleMexico’s landmark oil lease sale results disappoint
Mexico’s first upstream auction in 77 years proved to be a disappointment July 16, with the award of just two of the 14 blocks on offer. After months of highly promoted conferences and publicity...
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The crude price plunge and LNG, a tenuous link
Over the last several months there has been much discussion about the impact of falling crude oil prices on the liquefied natural gas market. The conventional argument goes something like this: lower...
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Petrodollars: Figuring out what to do with PNG’s new LNG wealth
As Papua New Guinea enters the small fraternity of LNG exporters, it needs to figure out what do with the money the poor nation is going to earn. Christine Forster looks at the issue in this week’s...
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More twists coming for PNG’s emerging LNG industry?
It seems there might still be some twists and turns in the long saga of InterOil’s Papua New Guinea LNG project, with analysts speculating that arbitration proceedings launched by Oil Search are...
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At the Wellhead: Indonesia tries to kickstart its faltering oil industry
The dwindling fortunes of Indonesia’s energy outlook is forcing the country to take radical steps to change its future. Mriganka Jaipuriyar, in this week’s Oilgram News column At the Wellhead, reviews...
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New Frontiers: New life for once-spurned Gulf of Mexico oil and gas leases
Starr Spencer attended last week’s Gulf of Mexico lease sale in New Orleans. She noticed something about the bidding: old, abandoned leases have gotten renewed interest. She reviews the trend in this...
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A well-known independent oil company is getting into gas stations…sort of
A lot of integrated oil companies have split up into separate upstream and downstream companies; witness Marathon and ConocoPhillips. Others have sold their downstream businesses piecemeal; Hess is...
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