Great Oil And Gas Industry Blogs To Follow

Great Oil And Gas Industry Blogs To Follow

Here in the United States, it’s no secret that oil and gas prices directly affect the health of the economy as a whole. The two major industries are also key to the position of the United States among other countries spanning the globe. Keeping abreast of all the changes occurring in both the oil and gas industries can be hard to follow. Informative blogs are the best way to catch up on emerging and evolving trends. Great Oil And Gas Companies To Follow: ClipperBlog From global crude to refined product movements, the blog provides a unique perspective on analysis, commentary, and comprehensive data sets. Genscape Blog Genscape is a leader in the world’s largest private network of in-field monitors. The company offers unsurpassed market intelligence across the energy scope. RBN’s Daily Energy Post Here’s another excellent blog that posts at 5:00 am central time each business day. The blog focuses on energy market trends, the mechanics of how these markets function and more. Oilholics Synonymous Report Financial writer Gaurav Sharma boasts an extensive resume in both the oil and gas industries. He has vast experience covering OPEC summits, energy events, analysis of oil corporations’ financials and exploration data. Today In Energy From The EIA The U.S. Energy Information Administration (EIA) provides a wealth of information to the media regarding energy production, stocks, demand, imports, exports, and prices. The RigUp Blog The Austin, Texas-based company has emerged as the biggest marketplace and provider of labor in the energy industry. The blog tackles a variety of topics like “5 Fun Facts About the Permian Basin.” Oil And Gas Lawyer Blog Texas...
How Has The Oil And Gas Industry Started So Far This Year?

How Has The Oil And Gas Industry Started So Far This Year?

The oil and gas industry can go from being consistent in being sporadic in an instant. Prices of crude oil can plummet or skyrocket overnight because so many countries have involvement in the industry. One country’s actions could have effects on the entire world. 2019 is off to a good start for most oil companies. For example, BP posted large profits for the fourth quarter of 2018; their 2018 replacement cost profit was $12.7 billion for the entirety of 2018. Bob Dudley, chief executive of BP, said: “This is a really good quarter, and, actually, the end of a great year for us.” He explained to CNBC that his company had doubled earnings and returns from 2017. As a result of his announcement, BP shares rose by 3% earlier in February. BP’s 2018 fourth-quarter was a 65 percent increase from 2017’s fourth quarter. This can partially be attributed to the acquisition of BHP’s U.S. shale properties and assets. Dudley is predicting an excellent 2019 for the oil and gas industry. He explained to CNBC that he expects oil prices to remain between $50 and $65 this year. The price of crude oil isn’t the only thing that determines a successful year for the oil industry though. The sudden drop in oil prices in December already has many companies rewriting their 2019 projections, but there are other things they must consider as well. There is currently a pipeline capacity bottleneck in the Permian Basin. However, some experts believe that this issue will be resolved by the end of the year. Despite this, profits are expected to break records within the...
What Are The Different Gas And Oil Industries?

What Are The Different Gas And Oil Industries?

The oil and gas industry are coming into more focus as a result of recent changes, and it does not show a major sign of evening out soon. The gas and oil industry is broken up into three components, with each component counting for a major source of energy that helps to fuel the world that we live in today. The three components include the upstream industry, the midstream industry, and the downstream industry. While many know about the gas and oil industries, they may not understand how each component is used for fuel. With that in mind, let’s examine what the three components of the gas and oil industry. Upstream Industry To begin, the upstream industry is the component that searches for crude oil and natural gas through underground or underwater fields. Essentially, it is the component that uses different approaches to find the necessary oil and gas. Because of how unpredictable the wells that are used to retrieve the oil and gas, this component is considered to be the most difficult, and overall dangerous approach. However, it continues to be in high demand in today’s economy. Midstream Industry Once the oils and recovered from its respective location, the midstream industry helps to store and distribute the items. Some of the processed items include crude oil, natural gas, and sulfur. In general, the midstream industry is considered to be fairly safe, as they work to store the gas and oil until it is transported to locations that will determine where it will be distributed and utilized. Downstream Industry The downstream industry represents the final processing of the products,...
What Does The Oil And Gas Industry Look Like Right Now?

What Does The Oil And Gas Industry Look Like Right Now?

While there’s a lot of talk about green energy sources like wind and solar power, the simple truth is that we aren’t going to be moving exclusively towards these options right away. Moving towards renewable energy is going to require a transitional period where more traditional energy helps fill the gap. And despite a push towards green energy, the oil and gas industry is currently experiencing a boom. Where OPEC once largely held a monopoly on energy resources, the United States has been aggressively forcing its way into the market. It’s a change largely unprecedented. 2018 was the first time in 75 years that the United States could be seen as a net exporter of petroleum liquids. Between November 20 and December 5, the country exported more of these goods than they imported. That’s a good sign for the industry, but it’s equally important because it indicates that the U.S. has reached a point where they aren’t dependent on other nations to provide them with their energy needs. These numbers cover both crude oil and oil-derived liquids. The latter covers a wide range of different substances ranging from gasoline to diesel. All told, the discrepancy between barrels imported and exported was 211,000. That provision is important. While America is making major moves towards becoming energy independent, it’s unlikely that we’ll be able to sustain ourselves on domestically produced crude oil alone anytime soon. But that’s not a change that should be underestimated. This change has been unprecedented for three-quarters of a century, and it’s a tide shift from a decade ago. These shifting circumstances are largely predicated on our...
Top 3 Leading Companies of the Oil & Gas Industry

Top 3 Leading Companies of the Oil & Gas Industry

In 2016, Forbes brought together a list of the top leading companies of the oil and gas industry. Today, we will explore the top 3 biggest in the world. We will explore the details and differences of these companies, but it’s very clear why they are the top 3. 1. Gazprom Gazprom’s main trade is in natural gas and other energy resources. Holding the world’s largest natural gas reserve, Gazprom is also the largest importer of natural gas to the European market. This booming company in the industry strives to transport natural gas and other energy resources to their customers. Gazprom also has a high involvement in Russia, selling more than half of their gas to Russian consumers. This company is the only producer of Liquefied Natural Gas in Russia. Gazprom’s CEO Alexey Miller is an extremely powerful influencer in the world, and accounts for nearly 13% of world production. 2. Rozneft In terms of oil and gas production, Rozneft is the leading producer of petroleum in Russia, although they are a global company. As the deliverer of over 40% of oil to Russia, Rozneft has climbed the uphill battles of the economy and crises over the past. Being aware of the environmental ethics to the oil industry, Rozneft has a sustainable development policy which the company adheres to. Among that policy is the objective to regulate and unify activities pertaining to sustainability. The company will report its first quarter of 2017 financial results, Friday, May 5. 3. Exxon Mobil Depending on where you’re located, you may be more familiar with Exxon Mobil. With gas stations in 47 states...

How GOP Regulation Cuts Will Affect Oil and Gas

Gas industry giants have muddled through eight years of roadblocks, courtesy of the Obama administration, however the past months’ political upheaval has seen petroleum prospects finally looking a bit less sludgy. In fact, the path to a new black gold era seems to be clearing swiftly, thanks to industry support from a GOP-dominated congress, and a Republican president, both of which are currently shredding through Obama’s red tape like a pair of hyperactive scissors. Before the Trump phenomenon and the GOP power scramble-turned-surge, pandemonium was felt not by the established political order, but petroleum execs, who fed around $300 million per year to hordes of lobbyists in hopes of derailing regulatory momentum. Bret Sumner, O & G lawyer and lobbyist with the Western Energy Alliance, said of his group’s push to break limitations on federal land drilling, “This has been a full-court press to block these rules, from a legal standpoint, a policy standpoint and a political standpoint.” Despite its expensive weaponry, the struggle to deregulate oil and gas won sparse success against Obama’s maneuvering. The days following inauguration witnessed an altogether different outcome. Congressional supremacy again rests firmly with the GOP, who have wasted no time driving forward a new agenda presented by a coalition of oil and gas interests as “A Roadmap to Repeal,” or a list of Obama-era environmental initiatives to be considered for immediate slashing. Rules requiring a more efficient approach to methane emissions, disclosure of foreign transactions with publicly offered oil, gas and mining companies, and less debris deposited in streams are among the first Roadmap repeals. More are sure to follow, as the...