News and Commentary From OilSlick.com


Morgan Stanley to Export CNG
Morgan Stanley announced it was planning a Compressed Natural Gas (CNG) export plant in Texas. Continue reading
Gas Prices Promoting Gas Drilling
Drilling rigs targeting natural gas rose by 8 last week to the highest level since March. Continue reading
IRAN Talks Tough
Iran said new U.S. sanctions will not impact the current round of nuclear talks. Continue reading
One Year High in OPEC Production
OPEC production hit 31,033 mbpd in August thanks to gains in Nigeria, Saudi Arabia and Angola. Continue reading
LNG Flood
With $200 billion of LNG projects underway in Australia alone it looks like there will be a flood of LNG to market in the next 3-5 years. Continue reading
Ownership Shell Game
There is $100 million in oil on a tanker anchored off the coast of Texas. The oil was produced, loaded and shipped by Kurds through a port in Turkey. Iraq claims it is Iraqi oil and they want the cargo seized and held until the ownership question can be answered. Continue reading
Pemex Producing Water Instead of Oil
Mexico's Pemex lowered its production forecast on Friday saying the new outlook allowed for the rising volumes of water currently being produced with the oil. The new production forecast of 2.35 mbpd is thought to be closer to reality. Continue reading
Hamas Targeting Offshore Gas Rigs
Hamas has not had a lot of success recently in hitting their targets in Israel. Those rockets on course for populated areas normally get shot down by Israel's Iron Dome anti-missile system. Hamas turned its sights offshore and targeted the massive drilling rigs in the Israeli gas fields. Continue reading
BP Back in the Bids
BP Plc submitted the winning bids on 27 of 81 tracts offered for lease in the Gulf of Mexico. It was the first bid sale BP has participated in since the Deepwater Horizon disaster. The government blocked BP from bidding in 2012 until they had settled numerous claims related to the safety of the Horizon rig. Continue reading
Stormy Week
Three named storms are currently in progress but none of them are heading for the oil patch. We have been fortunate for several years now that there has not been a repeat of Katrina. Continue reading
Gas Production Rising Slowly
The EIA raised its estimate for U.S. natural gas production growth in 2014 to 5.3%. Production is rising twice as fast as demand. Continue reading
Crude Prices Headed to a Breakout
Crude oil closed at $97.35 on Friday and a right at a six-month low. Is this a buying opportunity? Continue reading
$700 Million Well
If oil is as plentiful as many writers would have you believe then why is Exxon spending $700 million on one well? Continue reading
The Imminent Peak in US Oil
While everyone is claiming the U.S. will be energy independent by the end of the decade the geologic facts remain opposed to that claim. Continue reading
Active Oil Rigs Hit Record High
Baker Hughes said oil drilling outside the country's biggest oil fields helped push the rig count to a record high. Continue reading
Mexico Monopoly Ends after 76 Years
The Mexican Senate voted 90-27 to end the Pemex monopoly and open Mexican oil reserves to development by foreign companies. This will open Mexico up to receive $1 trillion in investment dollars as foreign companies flood in to explore and develop Mexican oil deposits. Continue reading
Ukraine Fights Back
Ukraine is threatening to halt shipments of Russian oil and gas across Ukrainian territory. Continue reading
Petrobras Profits Miss Estimates
Petroleo Brasileiro SA (PBR) is the biggest deepwater oil producer but it could not meet analyst estimates on earnings. Continue reading
Technical Problems
The energy news section is unavailable today due to technical problems. We apologize for this inconvenience. Continue reading
Depletion Depression
Energy stocks fell last week for a multitude of reasons but a big one was falling production at the majors. Depletion is outpacing new production. Continue reading