The world’s largest oil companies are set for a cash flow bonanza this year, probably at record levels, as massive cost cuts in the wake of the 2020 oil price and oil demand collapse have significantly lowered the corporate cash flow breakevens for many firms. After posting record losses in 2020, a year which company […]
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Not everyone has the privilege of their own private aircraft. Whether it be a propeller plane, private jet, or fleet of helicopters, aircraft possession is usually only reserved for the immensely wealthy or a handful of diehard aviation enthusiasts. With that in mind, when it comes time to sell an aircraft, a lot of capital […]
“The decade of geothermal” is a phrase that is becoming increasingly common in media and energy industry gatherings as the international zero-emission push comes to include one of the most fascinating—and clean—ways of extracting energy from the earth: geothermal power. To reach the heat that the mantle of the Earth radiates into the core, geothermal […]
The restart of Shell’s Deer Park refinery in Texas could take until April, Reuters has reported, citing unnamed sources familiar with the issue. A spokesman for the company told Reuters no timeline has been set for the refinery’s return to normal operation. Shell shut down the two crude processing units at the 318,000-bpd refinery in […]
Although they’ve changed shape, size, and function over the years, communication towers have been a part of our society for over a century. From radio to television to internet and phone networks, communication towers are a strong asset in the information age. For the most part, communication towers are generally leased to companies that provide […]
Goldman Sachs is now even more bullish on oil, expecting Brent Crude prices to hit $75 a barrel in the third quarter this year, on the back of faster market rebalancing, lower expected inventories, and traders hedging against inflation. In a note on Sunday, cited by Forexlive, the investment bank’s analysts forecast Brent Crude prices […]
The world’s top oil exporter, Saudi Arabia, raised on Thursday the prices of all its crude oil that will go to the United States and Europe in March while leaving unchanged the official selling prices of its crude to its key market in Asia. The Saudi state oil giant Aramco raised the prices of all […]
Artwork and mineral rights do not have a lot in common. Whereas one hangs on a wall or appears in a gallery, the other is deep below the surface of the earth. Perhaps the only thing that artwork and mineral rights have in common is that both of these assets could be found in a […]
Some of the world’s biggest names in oil trading and analyzing can’t seem to get on the same page when it comes to predicting what will happen next for the volatile commodity. Some, like Jeffrey Currie of Goldman Sachs and Christyan Malek of JPMorgan, according to the Financial Times, are confident that oil is ready […]
Latin America just seems to be unable to synchronize its long-mooted upswing with global energy trends. Venezuela boasts the largest reserves on earth yet just as it starts to recover from the havoc US sanctions cripple its entire oil and gas industry, Argentina was assumed to be the next non-US shale oil sensation yet just […]