India is going all-in on renewable energy, with big plans to scale up its solar sector.
India’s Solar Industry Is Desperate To Cut Ties With China
India is going all-in on renewable energy, with big plans to scale up its solar sector.

As a part of the move, India is looking to cut ties with China as it prioritizes its domestic solar industry.
2021/12/21 17:31
It appears that oil market oversupply may already be upon us, with demand being hit hard by Omicron and by China cracking down on its independent refiners.
Are Oil Markets Already Oversupplied?
It appears that oil market oversupply may already be upon us, with demand being hit hard by Omicron and by China cracking down on its independent refiners.
2021/12/21 17:28
In 2022, the main focus for oil and gas companies will be keeping shareholders happy and preparing for the energy transition.
Where Will The Oil Industry Spend Its Money In 2022?
Oil and gas companies have well and truly recovered from what was a crisis year in 2020, with some companies now posting record cash flow.
2021/12/17 17:44
Prior to the pandemic, the utilization rate of U.S. oil pipelines stood at 60 to 70 percent.Half Of U.S. Oil Pipelines Sit Empty NOW.
Half Of U.S. Oil Pipelines Sit Empty
Prior to the pandemic, the utilization rate of U.S. oil pipelines stood at 60 to 70 percent.Half Of U.S. Oil Pipelines Sit Empty NOW.
2021/12/17 17:40
Extreme weather events resulting from the changing climate are threatening some 40 percent of the world’s recoverable oil and gas reserves, risk consultancy Verisk Maplecroft has said in a new report.
Climate Change Is Threatening 40% Of All Global Oil And Gas Reserves
Extreme weather events resulting from the changing climate are threatening some 40 percent of the world’s recoverable oil and gas reserves, risk consultancy Verisk Maplecroft has said in a new report.
2021/12/17 17:36
Driven by high refinery throughput, China likely drew crude oil from its commercial and strategic inventories in November, according to estimates from Reuters columnist Clyde Russell.
China Draws From Stockpiles Again As Refiners Demand More Crude
Driven by high refinery throughput, China likely drew crude oil from its commercial and strategic inventories in November, according to estimates from Reuters columnist Clyde Russell.
2021/12/17 17:33
OPEC, the IEA, and the EIA all have different opinions on where oil demand may be heading in the immediate future.
No One Knows What’s Next For Oil Demand
OPEC, the IEA, and the EIA all have different opinions on where oil demand may be heading in the immediate future.
The three groups do have one commonality in their forecasts, however; COVID-19 will remain a driving force.
Despite the differences in exact expectations, the three organizations remain generally optimistic about oil demand.
2021/12/17 13:20
Investments in oil and gas exploration and production continue to be depressed
Oil Investment Must Rise To $525 Billion Per Year To Avoid Supply Crunch
Investments in oil and gas exploration and production continue to be depressed
Moody's: Global annual upstream spending needs to increase by as much as 54 percent to $542 billion if the oil market is to avert the next supply shortage shock
2021/12/09 16:11
Across the world, politicians are grappling with the reality of expensive energy.World leaders might have to acknowledge that oil and gas demand are here to stay for the foreseeable future
World Leaders Have To Face The Truth About Oil Demand
Across the world, politicians are grappling with the reality of expensive energy
Price shocks, scarcity and energy poverty are on the cards after two consecutive years of underinvestment in the oil and gas industry
World leaders might have to acknowledge that oil and gas demand are here to stay for the foreseeable future
2021/12/09 15:59
Nigeria’s Niger Delta continues to be plagued by insurgents and oil spills
Nigeria’s Niger Delta continues to be plagued by insurgents and oil spills Nigeria struggles to keep oil majors interested in sustaining their operations in the country The country’s new petroleum bill is no guaranteed recipe for success
Nigeria’s Niger Delta continues to be plagued by insurgents and oil spills
Nigeria struggles to keep oil majors interested in sustaining their operations in the country
The country’s new petroleum bill is no guaranteed recipe for success
2021/12/07 15:31
California is also importing more oil from the Amazon rainforest than any country in the world.
California Is Addicted To Oil From The Amazon
California is by far the most ambitious U.S. state when it comes to things like emission standards, EV sales, and renewable energy. California is shutting down its nuclear power plants to double down on wind and solar.

It is also importing more oil from the Amazon rainforest than any country in the world.
2021/12/07 15:14
U.S. Rig Count Unchanged After Crazy Week In Oil Markets.
U.S. Rig Count Unchanged After Crazy Week In Oil Markets
U.S. Rig Count Unchanged After Crazy Week In Oil Markets.There has been no net change to the number of active drilling rigs in the United States this week, according to Baker Hughes.
2021/12/06 14:57
India is going all-in on renewable energy, with big plans to scale up its solar sector.
India’s Solar Industry Is Desperate To Cut Ties With China
India is going all-in on renewable energy, with big plans to scale up its solar sector.

As a part of the move, India is looking to cut ties with China as it prioritizes its domestic solar industry.
It appears that oil market oversupply may already be upon us, with demand being hit hard by Omicron and by China cracking down on its independent refiners.
Are Oil Markets Already Oversupplied?
It appears that oil market oversupply may already be upon us, with demand being hit hard by Omicron and by China cracking down on its independent refiners.
In 2022, the main focus for oil and gas companies will be keeping shareholders happy and preparing for the energy transition.
Where Will The Oil Industry Spend Its Money In 2022?
Oil and gas companies have well and truly recovered from what was a crisis year in 2020, with some companies now posting record cash flow.
Prior to the pandemic, the utilization rate of U.S. oil pipelines stood at 60 to 70 percent.Half Of U.S. Oil Pipelines Sit Empty NOW.
Half Of U.S. Oil Pipelines Sit Empty
Prior to the pandemic, the utilization rate of U.S. oil pipelines stood at 60 to 70 percent.Half Of U.S. Oil Pipelines Sit Empty NOW.
Extreme weather events resulting from the changing climate are threatening some 40 percent of the world’s recoverable oil and gas reserves, risk consultancy Verisk Maplecroft has said in a new report.
Climate Change Is Threatening 40% Of All Global Oil And Gas Reserves
Extreme weather events resulting from the changing climate are threatening some 40 percent of the world’s recoverable oil and gas reserves, risk consultancy Verisk Maplecroft has said in a new report.
Driven by high refinery throughput, China likely drew crude oil from its commercial and strategic inventories in November, according to estimates from Reuters columnist Clyde Russell.
China Draws From Stockpiles Again As Refiners Demand More Crude
Driven by high refinery throughput, China likely drew crude oil from its commercial and strategic inventories in November, according to estimates from Reuters columnist Clyde Russell.
OPEC, the IEA, and the EIA all have different opinions on where oil demand may be heading in the immediate future.
No One Knows What’s Next For Oil Demand
OPEC, the IEA, and the EIA all have different opinions on where oil demand may be heading in the immediate future.
The three groups do have one commonality in their forecasts, however; COVID-19 will remain a driving force.
Despite the differences in exact expectations, the three organizations remain generally optimistic about oil demand.
Investments in oil and gas exploration and production continue to be depressed
Oil Investment Must Rise To $525 Billion Per Year To Avoid Supply Crunch
Investments in oil and gas exploration and production continue to be depressed
Moody's: Global annual upstream spending needs to increase by as much as 54 percent to $542 billion if the oil market is to avert the next supply shortage shock
Across the world, politicians are grappling with the reality of expensive energy.World leaders might have to acknowledge that oil and gas demand are here to stay for the foreseeable future
World Leaders Have To Face The Truth About Oil Demand
Across the world, politicians are grappling with the reality of expensive energy
Price shocks, scarcity and energy poverty are on the cards after two consecutive years of underinvestment in the oil and gas industry
World leaders might have to acknowledge that oil and gas demand are here to stay for the foreseeable future
Nigeria’s Niger Delta continues to be plagued by insurgents and oil spills
Nigeria’s Niger Delta continues to be plagued by insurgents and oil spills Nigeria struggles to keep oil majors interested in sustaining their operations in the country The country’s new petroleum bill is no guaranteed recipe for success
Nigeria’s Niger Delta continues to be plagued by insurgents and oil spills
Nigeria struggles to keep oil majors interested in sustaining their operations in the country
The country’s new petroleum bill is no guaranteed recipe for success
California is also importing more oil from the Amazon rainforest than any country in the world.
California Is Addicted To Oil From The Amazon
California is by far the most ambitious U.S. state when it comes to things like emission standards, EV sales, and renewable energy. California is shutting down its nuclear power plants to double down on wind and solar.

It is also importing more oil from the Amazon rainforest than any country in the world.
U.S. Rig Count Unchanged After Crazy Week In Oil Markets.
U.S. Rig Count Unchanged After Crazy Week In Oil Markets
U.S. Rig Count Unchanged After Crazy Week In Oil Markets.There has been no net change to the number of active drilling rigs in the United States this week, according to Baker Hughes.

Oil And Gas Companies Set For Record Free Cash Flow This Summer

2021/06/25 15:28
Oil And Gas Companies Set For Record Free Cash Flow This Summer

With oil trading above $70 per barrel while investment activity remains low, the world’s publicly traded exploration and production (E&P) companies are set to generate record-breaking free cash flows (FCF) in 2021, a Rystad Energy report projects. Their combined FCF is expected to surge to $348 billion this year, with the previous high being $311 billion back in 2008.

Rystad Energy estimates that total gross revenue for all public upstream companies is expected to increase by almost $500 billion in 2021, or 55% compared to last year (excluding hedging effects). At the same time, the investment level of these companies is only expected to grow by around 2% in 2021, resulting in significantly higher profits.

A key reason for the all-time-high FCF is the turnaround in the US tight oil industry. Historically, this industry has struggled to generate positive returns, but this could change in 2021. We estimate that all public tight oil companies will to make close to $60 billion in FCF this year, before hedging effects.

The conventional onshore supply segment is in line to earn the highest level of FCF this year at close to $160 billion – but is still behind the record touched in 2011. Both deepwater and offshore shelf are recovering this year, each ending up with close to $60 billion in FCF. However, tight oil is expected to surpass both these offshore segments in 2021.

“Oil demand has gradually increased after the initial shock of the Covid-19 pandemic, and OPEC+ continues to hold back volumes from the market. The consequent high price movement has been further supported by a slow ramp-up in US tight oil activity. In conjunction with the persisting low investment environment, E&Ps are enjoying super-profits,” says Espen Erlingsen, head of upstream research at Rystad Energy.

The FCF comeback means more surplus cash for E&P companies and historically there has been a strong link between FCF and activity levels. Merger and acquisition (M&A) activity has recovered in 2021, with transaction values increasing by around 30% compared to 2020. New projects are also making a comeback: The amount of greenfield investment that has been sanctioned as of June has already matched the full year 2020 total, and we expect the full 2021 level to be double that of last year.