In an interview with the Financial Times, Vagit Alekperov, CEO of Lukoil said that Russia’s policy of retaining all its rights to offshore development of what are believed to be vast reserves…
Exxon Mobil Corp. (NYSE: XOM) has stopped work in one location on its $15.7 billion liquefied natural gas (LNG) plant in Papua New Guinea. The stoppage is the result of another dispute…
Paul Ausick Jon Ogg2012 has been a great year for stocks. We have recently seen the NASDAQ return to 3,000 for the first time in a decade. The S&P 500 Index has also now…
In a presentation to analysts at the New York Stock Exchange today, Exxon Mobil Corp. (NYSE: XOM) Rex Tillerson said that the company would see a production decline of -3% in 2012,…
Paul Ausick Exxon Mobil Corp. (NYSE: XOM) has already been barred from bidding in the next round of permit sales to develop various projects in southern Iraq because of its contract with the government…
Paul Ausick The proposed 1,700-mile Keystone XL pipeline will not make the US more energy independent nor will it lower gasoline prices. If anything, the pipeline from western Canada’s oil sands to the US…
This morning’s report from the US Energy Information Administration (our coverage here) showed that commercial crude oil inventories in the US rose by 4.2 million barrels last week. At the same time,…
French oil & gas giant Total SA (NYSE: TOT) has begun production at the Usan field offshore of Nigerial. Total owns 20% of the production and is the operator of the field.…
The value of every oil company rests primarily on the number of barrels in a company’s proved reserves. Ideally, through exploration and acquisitions an oil company wants to replace the number of…
Paul Ausick With West Texas Intermediate Crude challenging $105 per barrel now, it is time to start assessing the threat of $4.00 per gallon in gasoline. The summer driving season is usually a threat…
At the end of December, Brent crude spot prices were around $107/barrel and WTI spot prices were around $99/barrel. Since then, Brent has risen to right around $121/barrel today and WTI is…
Car companies make most of their money on SUVs and crossover vehicles? What happens to those sales after gasoline rises and rises? It has been hard for many Americans to understand why…
Berkshire Hathaway’s latest stock holdings were released after the close of trading and the Oracle of Omaha’s portfolio managers made a couple of changes. The two new positions were in Da Vita…
Berkshire Hathaway Inc. (NYSE: BRK-B, BRK-A) and Warren Buffett have just released the latest holdings of U.S.-listed equities as of December 30, 2011. These public stock holdings have been broken down into…
The spokesman for the Iraqi energy ministry has said the Exxon Mobil Corp. (NYSE: XOM) will be excluded from the next round of bidding for licenses to produce the country’s oil &…
