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Will rising oil prices lead to a renewed shale boom?

Will shale’s return on investment be higher and faster with a rising oil price or does it lose its competitive advantage above $60? Jonathan Green, upstream oil and gas business analyst, provides some provocative food for thought on shale as we approach the end of 2017.

Hydrocarbons are effectively an infinite resource. It just depends on how much you are prepared to spend to exploit them. Many shale players are stating that they can profitably produce at US$40/bbl and that they are well positioned to ramp up production massively as the price of WTI moves beyond US$60/bbl. However, shale’s resilience has to a large extent relied on the willingness of the capital markets to fund persisting cash-flow deficits in E&P companies. [Read more…]

Three Cheers for UK Politicians on Shale Gas

David Finlayson an associate of Warren Business Consulting, comments on the challenges the UK faces with shale gas exploration. [Read more…]

Shale Gas – A Case of What We Know and What We Don’t Know

With headlines ranging from claims that shale is the world’s source of cheap gas, to those that say that fracking is the ultimate evil, you would had to be living on another planet to not have seen or read something about shale gas in the last few years.  This blog by Leigh Bolton*, principal of Holmwood Consulting, challenges us to take a balanced view of shale gas: [Read more…]

Warren Business Consulting to Provide Akfel Group with Training

Warren Business Consulting has been appointed by Akfel Group to provide “Negotiating Successful Gas and LNG Contracts” for its staff.  The 4 day programme will be held in Istanbul in September for Akfel staff [Read more…]

Arctic Presents Major Opportunity for Oil Companies – and Challenges

A trip to Greenland* in August brought home to me the enormous opportunity and challenges faced by oil explorers in the Arctic.

Oil has long been produced in the region.  The first onshore wells were drilled in Canada in the Mackenzie River valley in 1920 and since then over 400 oil and gas fields have been discovered in the Arctic.

But the high costs and risks associated with operations has meant that development of Arctic fields has been slow.  The only big offshore Arctic field that is in production is Statoil’s Snohvit gas field in the Norwegian Barents Sea, which had first gas 2007.

[Read more…]

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