Hints and tips:
...Rival Precision Drilling said on a recent call with analysts that it plans to shift rigs north of the border to Canada....
...Alongside Continental Resources boss Harold Hamm, Hess transformed the state from producing fewer than 100,000 barrels of oil a day in the early 2000s to a peak of 1.5mn b/d in 2019....
...The unusually fast ramp-up could push production to 1.2mn b/d by 2027 — equivalent to about a third of Exxon’s current daily production....
...Russia said it would extend its existing 500,000 b/d cut until the end of the year....
...European refiners have a chance to meet this demand. Wood Mackenzie says that with the opening of this arbitrage window, gasoline shipments across the Atlantic could increase by 500,000 b/d....
...US shale output could fall more than 2m b/d next year, Mr Abramov added....
...That would represent a sharp slowdown from growth of 1.8m b/d over the previous 12 months....
...Prices are languishing below $50 a barrel as production from US shale oilfields has also risen. “Drilling activity in the US has increased for 21 straight weeks . . ....
...I’d also expect to see fiscal policy loosened. Perhaps a cut in VAT?...
...engineering rather than by the old-fashioned kind, tells us how upside down our biggest corporation’s priorities have become, not to mention the politics behind a tax system that encourages it all....
...At the same time, the number of rigs drilling for oil and gas has jumped more than 15 per cent since June to 120, according to oilfield services company Baker Hughes, even as the price of crude has halved...
...very difficult to quantify these effects with any precision....
...A supplementary levy on the industry, introduced on top of corporation tax in 2002, swelled to 32 per cent by 2011....
...s 2.5m b/d – would trigger a sharp rise in the oil price and a global economic slump....
...independent analysts say Iran’s oil production capacity has fallen to between 3.7m and 3.8m b/d from 4.2m b/d six years ago....
...The regulator’s budget in 2009 was about the same in real terms as in 1990, even though US oil production in the Gulf of Mexico had risen from 275,000 barrels per day to 567,000 b/d, and the proportion coming...
...“I know”, says Brand in a pantomime whisper. “How did that happen? Do you have a theory?” I suggest suspicion of Monsanto. “Has that sort of allergy to a corporation happened before?”...
...Q: Who has the money to build the 20 billion pipeline in S.A; new refineries, and drilling deep into the Caribbean? The US sure doesn’t....
...Investment group Crown Corporation gained 56 per cent to 97½p after it said it had assets of £350m, equivalent to 225p a share....
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