Daily Brief: Upstream news and analysis from World Oil ///

Daily Brief, Friday, April 3rd

Friday, April 3, 2020 9:26 PM

Kurt and Cameron review all the developments in Washington, Moscow and Riyadh this week, and what they mean for the emergency OPEC+ meeting on Monday.

Daily Brief, Thursday, April 2nd

Thursday, April 2, 2020 7:01 PM

World Oil makes a digital shift, Trump shows off his ability to make dramatic moves in the oil market, and OTC goes dark for 2020.

Daily Brief, Wednesday, April 1

Wednesday, April 1, 2020 9:40 PM

Kurt and Cameron cover action on many fronts in Washington, Saudi Arabia fires their opening salvo in the oil price war, and Texas regulators share their demand projections.

Daily Brief, Monday, March 30th

Monday, March 30, 2020 9:16 PM

Trump and Putin talk about the oil market, and the Saudis make a move to increase cash reserves while prices reach another constant-dollar low. Click here to see the tariff survey content discussed in today's show. (https://www.worldoil.com/news/2020/3/23/world-oil-survey-results-us-industry-favors-strong-government-action) Click here to read Kirk Edwards' op-ed in the Odessa American. (https://www.oaoa.com/editorial/columns/guest_columns/article_acf4183a-6e0c-11ea-ba85-237916ba9ad3.html)

Daily Brief, Friday, March 27th

Friday, March 27, 2020 6:12 PM

Kurt and Cameron summarize the week's market moves, discuss reaction to Wayne Christian's op-ed, and finish off reviewing results of the tariff survey. To subscribe to World Oil's daily newsletter, click here: https://www.worldoil.com/newsletter-sign-up (https://www.worldoil.com/newsletter-sign-up)

Daily Brief, Thursday, March 26th

Thursday, March 26, 2020 6:16 PM

We've been talking a lot about production lately, so today we'll take a look at what's happening with oil demand, and the resulting need for storage options for all the extra crude.

Daily Brief, Wednesday, March 25th

Wednesday, March 25, 2020 9:12 PM

Kurt and Cameron talk about market prices, Wayne Christian's op-ed, and the opinions of service companies and operators regarding intervention in the oil market.

Daily Brief, Monday, March 23rd

Monday, March 23, 2020 8:31 PM

Is there really a "free market" for oil? Kurt Abraham and Cameron Wallace review the industry's opinion on a tariff, and whose interests the API pursues in their latest communications. View the API commentary Kurt references here: https://tinyurl.com/sbucjm4 (https://tinyurl.com/sbucjm4) See the World Oil historical oil price chart here: https://tinyurl.com/uj6zlck (https://tinyurl.com/uj6zlck)

Daily Brief, Friday, March 20th

Friday, March 20, 2020 11:16 PM

Kurt and Cameron discuss the week's oil price swings, and the developing palace intrigue at Texas' oil regulator as a commissioner is invited to the next OPEC meeting after suggesting a joint agreement to reduce oil production.

Daily Brief, Thursday, March 19th

Thursday, March 19, 2020 6:16 PM

Trump shares his thoughts on oil prices, some analysts see single-digit prices in the future, Occidental's debt falls to junk status, and more.

Daily Brief, Wednesday, March 18th

Wednesday, March 18, 2020 7:49 PM

Kurt Abraham shares preliminary results of the World Oil import tariff survey, discusses the travails of the stock market, and more. To learn more about the survey, please click here: https://www.worldoil.com/news/2020/3/18/world-oil-launches-oil-import-tariff-survey-early-results-show-clear-trends (https://www.worldoil.com/news/2020/3/18/world-oil-launches-oil-import-tariff-survey-early-results-show-clear-trends)

Daily Brief, Monday, March 16th

Monday, March 16, 2020 6:40 PM

With WTI crude exploring record lows in inflation-adjusted dollars, Kurt Abraham talks about how today's prices compare to previous downturns in the industry.

Daily Brief, Friday, March 13th

Friday, March 13, 2020 5:55 PM

In today’s show, World Oil magazine’s Editor-in-Chief, Kurt Abraham, leads an oil price summary for the week and compares the current decline to other downturns, in inflation-adjusted dollars. He also talks about gauging industry interest in pursuing a tariff on Saudi crude imported into the United States.

Daily Brief, Thursday, March 12th

Thursday, March 12, 2020 5:15 PM

Does the coronavirus offer a prime opportunity for Russia and Saudi Arabia to team up against U.S. shale producers? Or, as international oil analyst and author, Mr. Simon Watkins, explores in today's show, is this a "last throw of the dice" for the Saudis? To find Mr. Watkins' latest book, An Insider's Guide to Trading the Global Oil Market, please visit https://www.amazon.com/Insiders-Guide-Trading-Global-Market/dp/1912741024/ref=sr_1_1?keywords=An+Insider%27s+Guide+to+Trading+the+Global+Oil+Market&qid=1584033294&sr=8-1 (https://www.amazon.com/Insiders-Guide-Trading-Global-Market/dp/1912741024/ref=sr_1_1?keywords=An+Insider%27s+Guide+to+Trading+the+Global+Oil+Market&qid=1584033294&sr=8-1)

Daily Brief, Wednesday, March 11th

Wednesday, March 11, 2020 6:38 PM

Kurt Abraham, World Oil magazine’s Editor-in-Chief, joins the show to talk about the latest oil price developments, the promises of increased production from Saudi Arabia and Russia, how the UAE may hike output, and what options the U.S. has to respond with a fee on imported crude.

Daily Brief, Tuesday, March 10th

Tuesday, March 10, 2020 6:01 PM

In today's episode: * We look at what a market oversupply means for America's status as a net crude exporter; * Russia threatens another production hike, while simultaneously keeping the door open for another OPEC deal; * Saudi Arabia is doing their part to drive oil prices down by declaring another production increase of their own.

Daily Brief, Monday, March 9th

Monday, March 9, 2020 6:21 PM

On today’s show, World Oil Editor-In-Chief, Kurt Abraham, takes a look at some of the drivers behind previous collapses in the price of oil, and discuss how the fallout from last week’s OPEC+ meetings are impacting prices now.

Daily Brief, Friday, March 6th

Friday, March 6, 2020 6:34 PM

  Research and development is the lifeblood of the energy industry’s digital transformation and decarbonization initiatives. From supermajors to service companies, significant engineering and financial resources are being dedicated to the development of new technologies. Tax benefits are in place around the world to help incentivize these types of R&D developments, and the opportunities they present are not all the same. Joining us on The Daily Brief today from business performance consulting firm Ayming are Mr. Herve Amar, President, and Mr. Thomas Folsom, Managing Director USA, to share their insights into how oil and gas companies can best take advantage of these programs. To request a copy of the Benchmark report discussed in today's show, please visit https://thebenchmark.ayming.com/ (https://thebenchmark.ayming.com/)  

Daily Brief, Wednesday, March 4th

Wednesday, March 4, 2020 7:04 PM

In today's episode:   * Chevron’s CEO says it won’t follow in the footsteps of other supermajors “aspirational” climate change goals; * Oil prices stopped their recovery, as Russia’s delegate walked out of the OPEC Plus meeting in Vienna this morning; * And, a consensus seems to be building on Wall Street around a coming contraction in global oil demand. Today's episode of The Daily Brief is sponsored by Siemens. Visit www.siemens.com/oilandgas (http://www.siemens.com/oilandgas) to learn more about Siemens’ engineering services and technologies for platforms and vessels, including FPSOs.  

Daily Brief, Tuesday, March 3rd, 2020

Tuesday, March 3, 2020 8:08 PM

In today's episode: * Exxon and Chevron's CEOs are looking at a challenging week for earnings results on Wall Street; * Oil prices held on to gains, as a key OPEC committee looks set to recommend higher production cuts for the group's meeting on Thursday; * The managers of Alaska's $67 billion sovereign wealth fund are not pleased with a key bank that's opposed to Arctic drilling projects; * We'll take a quick look at the role R&D tax credits can potentially play in meeting energy transition goals; * The Texas Railroad Commission posted its total oil and gas production numbers for the state in calendar year 2019. Learn more about the Ayming US report on R&D tax credits here: https://thebenchmark.ayming.com/ (https://thebenchmark.ayming.com/) Today's episode of The Daily Brief is sponsored by Siemens. Visit www.siemens.com/oilandgas (http://www.siemens.com/oilandgas) to learn more about Siemens’ engineering services and technologies for platforms and vessels, including FPSOs.

Daily Brief, Monday, March 2nd

Monday, March 2, 2020 7:21 PM

In today's episode: * Oil is climbing again, on signals that OPEC and central bankers may be ready to prop up financial markets; * OPEC production is sinking, thanks to a combination of careful planning and events outside the group's control; * An election in Guyana will determine who holds the purse strings in the suddenly oil-rich nation; * Two of the worlds largest energy conferences were canceled yesterday, after the World Health Organization raised its virus threat level. Also, today we welcome Siemens as a new sponsor of The Daily Brief. Visit www.siemens.com/oilandgas (http://www.siemens.com/oilandgas) to learn more about Siemens’ engineering services and technologies for platforms and vessels, including FPSOs.

Daily Brief, Tuesday, February 11th, 2020

Tuesday, February 11, 2020 7:28 PM

In today's episode, we look at what the coronavirus is doing to Chinese gas demand, and the rare steps China is taking in response; gas prices in the U.S. fall to a four-year low; and oil holds around $50 in spite of OPEC's inaction.

Daily Brief, Monday, February 10th, 2020

Monday, February 10, 2020 7:49 PM

Integrating people, processes and technologies is a complex challenge in modern offshore drilling operations. From the operator's standpoint, finding a baseline of reliability and certainty to maximize rig operational time is a primary goal. At Baker Hughes' 2020 Annual Meeting in Italy, we spoke with Chuck Chauviere, the company's Vice President of Subsea Drilling Systems, about how new technologies are driving predictivity into drilling actions, and helping to build the baseline of reliability and certainty that operators demand.

Daily Brief, Tuesday, January 28th, 2020

Tuesday, January 28, 2020 6:21 PM

  Digitalization is a critical tool for oil and gas companies, as they work to improve both production efficiency and compliance with climate change goals. While these new, interconnected systems expand across the exploration and production cycle, security risks are growing right along with them.Joining The Daily Brief today is Michael Porier, Managing Director with business and technology consulting firm Protiviti, to talk about cyber security risks, and how companies can mitigate these risks in their digital transformation plans. Download the Protiviti report, "National Terrorism Advisory System (NTAS) Issues Bulletin on Potential Terrorism Threat to the U.S. Homeland From Nation-State Cyberattacks" here:https://www.protiviti.com/US-en/insights/protiviti-flash-report-nation-state-cybersecurity-threat-010720 (https://www.protiviti.com/US-en/insights/protiviti-flash-report-nation-state-cybersecurity-threat-010720)    

Daily Brief, Monday, January 27th, 2020

Monday, January 27, 2020 6:37 PM

Guyana's recoverable reserves jump with a new discovery, Texas voters will have an outsized impact on climate change, and we put a number to the barrels at risk to the coronavirus.

Daily Brief, Thursday, January 23rd, 2020

Thursday, January 23, 2020 7:05 PM

Oil hits a two-month low as the Asian virus threatens demand; one of the best-known shale bankers tells Houston to embrace the energy transition; continued Mediterranean tension has tankers piled up off Libya's coast.

Daily Brief, Tuesday, January 21st, 2020

Tuesday, January 21, 2020 6:44 PM

At Davos, energy chiefs tout CO2 capture technologies while Greta Thunberg slams progress; the U.S. shale industry has already peaked for service companies; and oil claws back some recent losses following prolonged unrest in Libya.

Daily Brief, Monday, January 20th, 2020

Monday, January 20, 2020 7:08 PM

One of the three energy forecasting agencies is completely wrong, the EU considers military intervention as Libyan oil output stops, and Republican lawmakers plot their own 'green' strategy to reach young voters.

Daily Brief, Thursday, January 16th, 2020

Thursday, January 16, 2020 7:28 PM

DUC declines reflect a slowdown in U.S. shale, oil advances on Trump's trade agreement, Turkey's Mediterranean drilling plans raise tensions in the EU, and more

Daily Brief, Tuesday, January 14th, 2020

Tuesday, January 14, 2020 7:01 PM

Texas processes drilling permits at a record pace; Encana formalizes its plan to leave Canada; Norway's finance minister says the oil era isn't over; Total hires Maersk Drilling for a record-setting well offshore West Africa

Daily Brief, Monday, January 13th, 2020

Monday, January 13, 2020 6:13 PM

We look at the influence gasoline prices can have on U.S. elections, a hedge fund that won big shorting shale is bullish on Canada, and the EU makes a trillion-euro climate commitment.

Daily Brief, Thursday, January 9th, 2020

Thursday, January 9, 2020 7:39 PM

Oxy conducts sweeping layoffs; no matter what Trump says, the U.S. needs Middle East oil; China offers access to foreign companies to its oil and gas fields, and more

Daily Brief, Wednesday, January 8th, 2020

Wednesday, January 8, 2020 7:34 PM

Today's topics include:- The recent oil rally is cooling, after Iran's foreign minister said they are not seeking an escalation or war following last night's strikes on U.S. bases in Iraq;- OPEC seeks to reassure the oil markets amid spiking Mideast tensions;- With Vladimir Putin standing at his side, Turkish president Recep Tayyip Erdogan offers to diffuse the U.S.-Iran standoff

Daily Brief, Tuesday, January 7th, 2020

Tuesday, January 7, 2020 6:54 PM

Today's topics include:- Apache and Total make a significant discovery offshore Suriname;- BP is reshaping its UK North Sea portfolio with a 626 million dollar asset sale;- Oil producers are locking in price gains in the wake of Middle East tensions;- The American Petroleum Institute is taking on Democrats’ climate plans in a new TV ad campaign. As mentioned on today's show, below is a link to check out the first TV spot in API's new PR campaign:https://youtu.be/87ObTFn68ic

Daily Brief, Monday, January 6th, 2020

Monday, January 6, 2020 8:10 PM

Today's topics include:- Oxy seeks to spin off its Western Midstream Partners unit to reduce balance sheet debt;- Equinor makes significant emissions-reductions pledges for its Norwegian operations;- Brent crude briefly touches $70 as fears of an oil supply disruption grow.David Russell, VP of Content Strategy at TradeStation in Chicago joins the show today as well, to talk about how markets are reacting to recent actions in the Middle East, and observes which trends are having the most impact on global stock markets. Also, as referenced in today's show, below is a link to a story on WorldOil.com that may shed some additional light on Oxy's timing of its Western spinoff:https://www.worldoil.com/news/2020/1/3/permian-pipeline-competition-accelerates-as-capacity-exceeds-supply (https://www.worldoil.com/news/2020/1/3/permian-pipeline-competition-accelerates-as-capacity-exceeds-supply)  

Daily Brief, Friday, January 3rd, 2020

Friday, January 3, 2020 10:14 PM

Oil soars to near $70/bbl on escalating Iran tensions; Hess bucks the market with its Guyana project; Pemex goes back to the drawing board on priority drilling projects, and more

Daily Brief, Friday, December 27th, 2019

Friday, December 27, 2019 9:23 PM

Today's topics include: * According to the Federal Reserve Bank of Dallas, the Texas oil sector continues contracting amid ‘challenging’ conditions; * Trump’s sanctions have led Allseas to halt its work on Putin’s Nord Stream 2 gas pipeline; * ExxonMobil and its partners have made another major oil discovery in the Stabroek block offshore Guyana; * Apache and Total have formed a joint venture to explore offshore Suriname; * Analysts see few surprises in 2020 as OPEC+ cuts trim the global oil surplus.

Daily Brief, Friday, December 20th, 2019

Friday, December 20, 2019 7:32 PM

Topics on today's show include: * Shale pioneer Harold Hamm has invited Senator Elizabeth Warren to tour shale sites in her home state of Oklahoma; * Schlumberger has committed to meeting the U.N. Paris Agreement’s emission-reduction targets; * Norway’s financial regulator says ‘green’ investing has a dark side; * And finally today, the U.S. Department of Energy has won the dubious distinction of coining the worst phrase of 2019. Also for the last two weeks of December, we'll do a weekly recap episode on December 27th and January 3rd. Daily episodes will resume on Monday, January 6th.

Daily Brief, Thursday, December 19th, 2019

Thursday, December 19, 2019 6:34 PM

Topics covered on today's show include:   * An Israeli court halted Noble’s Leviathan gas project over environmental concerns; * Canadian crude-by-rail shipments are ready to surge, and spurring new export investment; * Alaska’s governor says that an oil tax hike might imperil an industry renaissance in the state; * Chinese traders offering LNG on the cheap hints at a severe supply glut; * BP is following Total in a quest to improve recyclability of petroleum-based products. To read more on today's topics, please visit www.worldoil.com/news  

Daily Brief, Wednesday, December 18th, 2019

Wednesday, December 18, 2019 7:40 PM

There's a lot happening in the shale space today: * Permian basin industry groups are challenging perceptions on methane emissions; * The new U.S. Secretary of Energy says the slowdown in the Permian is only temporary; * WaterBridge has raised $345 million to expand its Permian operations; * Devon Energy agrees to sell its Barnett shale assets for $770 million; * China is breaking global records for oil imports, and the numbers are still growing. To learn more about these topics and other news of the day, please visit www.worldoil.com/news

Daily Brief, Monday, December 16th, 2019

Monday, December 16, 2019 8:00 PM

Today's headlines on the Daily Brief include: * Weatherford emerges from Chapter 11 bankruptcy and appoints a new board of directors; * Accelerating Permian base decline demands more drilling to maintain current output; * Canada’s energy industry is beginning to shine, just as U.S. shale loses its luster; * Exxon and Chevron have both been targeted by a climate-activist investor group Visit worldoil.com/news for more information on today's topics.

Daily Brief, Friday, December 13th, 2019

Friday, December 13, 2019 8:33 PM

Today's show is an interview with Eric Waeckerlin, an attorney with environmental and energy law firm Holland and Hart, talking about what's next for the energy industry, and its detractors, following ExxonMobil's legal win against the state of New York. We discuss the goals of lawsuits such as these, what energy companies are doing to defend themselves from inevitable litigation, and how the industry at large can improve its net-zero-emission outcomes by working to own the narrative in the public square.

Daily Brief, Thursday, December 12th, 2019

Thursday, December 12, 2019 7:31 PM

Topics from today's show include:   * Chevron has greenlit its Anchor 20,000 psi deepwater project in the Gulf of Mexico; * Total is beginning FEED studies on its own 20ksi discovery on North Platte in the Gulf of Mexico; * SBM Offshore has signed a 22-year FPSO contract with Petrobras; * Harold Hamm has stepped aside from the CEO role at Continental Resources.   Also, following is a link to the World Oil magazine article, "Qualification of a 20,000-psi BOP: A collaborative approach (https://www.worldoil.com/magazine/2019/february-2019/features/qualification-of-a-20-000-psi-subsea-bop-a-collaborative-approach)", as discussed on today's show.  

Daily Brief, Wednesday, December 11th, 2019

Wednesday, December 11, 2019 8:30 PM

Today's headlines on the Daily Brief include: * Chevron is taking an $11 billion writedown amid weak gas prices; * Springfield E&P makes a significant oil discovery offshore Ghana; * Maersk chooses partners for its Seapulse exploration drilling program; * Aker Solutions wins a FEED study for the BP Cypre project in Trinidad.   In the second half of today’s show, we’ll hear from Dr.Marco Pasquali, who is the director of a joint research initiative of Rice University and Shell called the Carbon Hub. Dr. Pasquali will share the details of the research program that envisions a net-zero-emissions future, in which oil and natural gas are used to create both clean energy and advanced materials.  

Daily Brief, Tuesday, December 10th, 2019

Tuesday, December 10, 2019 7:56 PM

Today's headlines on the Daily Brief include: * Proposed U.S. sanctions on Russia’s Nord Stream 2 gas pipeline will target subsea construction vessel operators; * Exxon has prevailed over New York in its climate change lawsuit; * A giant oil find in Mexico won’t be a miracle cure for an ailing Pemex; * Saudi Arabia isn’t counting on an oil price rise in its 2020 budget. Today we’ll also have a quick chat with Ben Schuler, CEO of Infinitum Electric, who has just closed a funding round with Chevron Technology Partners, and others, as part of Chevron’s carbon-reduction program.

Daily Brief, Monday, December 9th, 2019

Monday, December 9, 2019 7:57 PM

Today's headlines on the Daily Brief include: * There’s been a shakeup in the top ranks of Tullow Oil following continued poor results in Africa; * Rosneft is elbowing PDVSA aside on Venezuelan service contracts; * Canada’s Canacol Energy has won three new gas exploration blocks in Colombia; * Developing nations are demanding payouts for climate change at a UN conference; * Could Bitcoin be part of the solution to end gas flaring?  

Daily Brief, Friday, December 6th, 2019

Friday, December 6, 2019 10:38 PM

In today's episode, OPEC nears a deal to further increase production cuts, Fugro completes a milestone project offshore Brunei, Turkey causes a stir by flaunting maritime boundaries in the eastern Mediterranean, and Houston's economy begins to show shadows of the 1980s as shale drilling slumps.

Daily Brief, Thursday, December 5th, 2019

Thursday, December 5, 2019 7:53 PM

OPEC+ opened its autumn meeting in Vienna today, so the show will take a look at how Saudi Arabia's plans to cut production are impacting oil prices, and what kinds of conditions for other members those cuts include. We'll also look at how China is impacting global LNG prices, Johan Sverdrup's rapid impact on Norwegian crude production, and legal actions against Shell for a nearly 50-year-old oil spill.

Daily Brief, Wednesday, December 4th, 2019

Wednesday, December 4, 2019 8:50 PM

In today's show, we look at Chesapeake's new debt deals, rallying oil prices, decommissioning in the North Sea, and Repsol's recent carbon reduction pledge as climate change goals increasingly look to be out of reach.

Daily Brief, Tuesday, December 3, 2019

Tuesday, December 3, 2019 8:04 PM

In this episode, we discuss Canada's oil sand operators' plans for next year, OPEC clamping down on production quotas, UK action on carbon capture and storage, Saudi Aramco's plan to be the the industry's leading low-carbon producer, and more.

Daily Brief, Monday, December 2, 2019

Monday, December 2, 2019 7:57 PM

In the first episode of the World Oil Daily Brief, we take a look at U.S. crude export performance, what OPEC thinks about the shale revolution, and carbon sequestration development offshore Norway.

Coming soon! Your daily recap of the day's Oil and Gas news, trends and technologies. Delivered just in time for your commute home.

Friday, November 15, 2019 4:13 PM

Coming soon! Your daily recap of the day's Oil and Gas news, trends and technologies. Delivered just in time for your commute home.