Gerson Lehrman Group - Intelligently Connecting Institutions and Expertise.

GLG News by Natural Gas Experts (North America)

Simon Atkins, CEO, Senior Industrial Disaster Threat Forecaster

Simon AtkinsCEO, Senior Industrial Disaster Threat ForecasterAdvanced Forecasting Corporation What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

The Forecast Mix Of Mr. Naimi, El Nino, An Oil Contango And The H1N1 Flu

September 23, 2009

The Old Man and the Sea of Oil | www.rigzone.com

For many a wrong reason, bulls in crude believe that the “Old Man” (Mr. Naimi) is right (in his saying there has been "a fundamental change" in the oil market) when he says that the global economy is recovering.  In addition, many oil bulls think the “Little Boy” (El Nino) will remain weak this winter despite most forecasts saying it won’t.  To top off the confusing mix of signals, let’s mix in the H1N1 flu. It’s strange, but the mix might be something that needs to go into a risk portfolio.

Fred Aminzadeh, Owner and Senior Advisor

Fred AminzadehOwner and Senior AdvisordGB-USA What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Seismic While Drilling is Emerging as a Practical Tool to Reduce Drilling Cost

August 17, 2009

Seismic-while-drilling technology advance hailed | www.ogj.com

Nick Snow, Washington Editor of the Oil and Gas Journal reports of a breakthrough in practical implementation of the seismic while drilling technology. Technology International Inc. of Kingwood, Tex., has developed a breakthrough borehole imaging system that is nearly commercial, according to the DOE. SeismicPulser system provides more accurate geosteering for oil and gas discoveries, facilitating field development and improving well economics.

Fred Aminzadeh, Owner and Senior Advisor

Fred AminzadehOwner and Senior AdvisordGB-USA What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Seismic technology contributed to successful sub-salt drilling in the GOM

July 28, 2009

BP Heralds Gulf of Mexico Prospects | online.wsj.com

Oil and Gas Journal reported a successful appraisal well drilling by BP PLC. This well was drilled in a previously untested southern segment of Mad Dog field in the Gulf of Mexico. The 826-5 well was drilled on Green Canyon Block 826 about 100 miles south of Grand Isle, La. The well found 280 net ft of hydrocarbons in the objective Miocene hydrocarbon-bearing sands. In 2008, BP drilled the A-7 well in the western part of the field, with 275 ft of net pay.

Fred Aminzadeh, Owner and Senior Advisor

Fred AminzadehOwner and Senior AdvisordGB-USA What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Largest discovery in California in 34 years

July 24, 2009

Oxy adds California gas-condensate giant | www.pennenergy.com

HOUSTON, July 23 -- Occidental Petroleum Corp. has drilled six wells in an apparent giant gas-condensate field in California’s San Joaquin basin that has an estimated 150-250 million boe recoverable. The discovery identified a new play concept that Oxy officials compared with an offshore deepwater structure. They said the concept is prospective underneath Oxy’s giant Elk Hills field southwest of Bakersfield and indicated it may be exploitable by other operators in the basin.

Robert Hinkel, Chief Operating Officer

Robert HinkelChief Operating OfficerElang Energy What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Iraq's Tough Fiscal Terms for Oilfields Rejected by the Industry - Except BP

July 1, 2009

Oil Companies Reject Iraq's Contract Terms | online.wsj.com

The "service contracts" recently offered by the Iraqi government for oil companies to develop their huge resources represent some of the most difficult issues for the global oil companies to face.  The fact that BP accepted the contract, despite only taking a $2/bbl margin that is oblivious to oil price changes, suggests that they are taking a long-term view of the Iraqi opportunities for the fact is that a project like this, no matter what the size, cannot compete on a profitability basis in BP's global opportunity portfolio.  In fact, oil companies have always feared and resisted these types of contracts since they do not allow the oil companies to book reserves under the normal regulatory and financial systems in the US and elsewhere.

Dennis FagerstoneConsultantDennis Fagerstone What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Reserves vs. Resources

June 30, 2009

Estimate Places Natural Gas Reserves 35% Higher | www.nytimes.com

This article correctly states that new technology has opened many areas in the US and worldwide for natural gas development. The 35% increase, however, is for resources, which is very different than reserves. These resources must be proven to be commercialy feasible for development before classification as reserves. At natural gas prices below $6/mmbtu, only 20-30 % of these resource plays in the US are commercial at present development cost levels. The quality of these unproven supplies must also be confirmed by drilling and testing. Adequate natural gas prices will be necessary to support development and conversion of this gas to reserves. 

Thomas ShewskiOwnerHigh Energy Services What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Key Points Contained in Climate and Energy Bill Passed by U.S. House of Representatives

June 29, 2009

House Narrowly OKs Sweeping Climate Change Bill | www.dallasnews.com

    The U.S. House of Representatives narrowly passed the American Clean Energy and Security Act of 2009 (“ACES”) on June 26, 2009.  The discussion below contains the key points in the Bill now headed to the Senate for debate and action.

Stuart Goldstein, Oil & Gas Exploration & Production E&P Consultant

Stuart GoldsteinOil & Gas Exploration & Production E&P ConsultantStuart Goldstein What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

2009 is Transition Year for Oil & Gas Exploration & Production

June 9, 2009

Period of Sustained Cost Escalation for Upstream O&G Facilities Ends | www.rigzone.com

Oil & Gas Companies are Acquiring Properties & Companies opportunistically taking advantage of today's Low Commodity Prices which are expected to continue through 2009 into first half of 2010.   Upstream E&P Companies that were highly financially leveraged during the High Commodity Price Period have been most severely impacted by the precipitous decline of commodity prices and today's more capital constrained financial markets.  2009 is a Transition Year for Oil & Gas E&P as well funded Integrated Major Oil companies defer traditional organic Drilling for Reserves, as they wait for Service Company and Oilfield Suppliers prices to reconcile with anticipated $70-$90 per barrel oil prices, as they decline from recent highs associated with $130-$150 oil commodity prices.          

Thomas ShewskiOwnerHigh Energy Services What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Take-Or-Pay Coal Contracts

April 27, 2009

Coal Prices Crumble | www.forbes.com

    Both steam and metallurgical coal demand are down.  United States steam coal (for electricity generation) is down due to the economic slump affecting industrial demand and switching to cheaper natural gas-fired electricity generation in some areas of the nation.  Metallurgical coal demand is down due to the crushing drop in steel production domestically and globally.                    Although coal demand is down significantly, it does not necessarily allow coal under contract to be excused for purchase.

Thomas ShewskiOwnerHigh Energy Services What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Draft Climate Bill

April 27, 2009

Administration Stops Short of Endorsing Climate Bill | www.nytimes.com

    House Democrats issued a draft climate bill titled “The American Clean Energy and Security Act of 2009” on March 31, 2009 which proposes to reduce CO2 emissions and require the development of renewable energy on a nationwide scale.  The section that follows highlights important provisions contained in this 648 page draft bill.

Page : 12345678910Next1 to 10 of 261

Leading institutions connect with members of the Energy & Industrials councils through GLG

Most Popular Energy & Industrials News