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Oil And Gas Stocks

3 Strong Oil And Gas Stocks For The Summer

For years, people are searching for potentially rewarding oil and gas stocks. The ongoing energy crisis has pretty much felt like dumpster diving. The energy sector has been deeply out of favor over the past few years. Take note that the Covid-19 pandemic only serves to make an already bad situation much worse.

The worst appears to be in the rearview mirror as the energy sector continues to stage an impressive rebound. This is as the global economy recovers from the ravages of the pandemic.

The energy sector is just coming off a bumper earnings season whereby it posted the biggest earnings beat of all 11 sectors of the U.S. economy.

With impressive bottom-line growth, many top energy names are returning more capital to shareholders in the form of share buybacks and dividends. Companies usually repurchase shares when they believe they are undervalued, a big positive for oil and gas bulls.

Meanwhile, Crude oil futures have rallied to their highest finish in months, with WTI price climbing above $65 for the first time in two months after OPEC+ stuck with plans to gradually ease production curbs, signaling confidence in the demand outlook.

With summertime fast approaching, here are 3 energy picks, with two being natural gas/LNG stocks bearing in mind that natural gas demand in the United States peaks in the wintertime, with a lesser peak during the summer.

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Source: Oil Price

If you have further questions about Oil and Gas stocks, feel free to contact us here.

trinidad and tobago USA

Could Trinidad And Tobago USA Become A Hotspot For Oil In The Caribbean?

BHP has commenced oil production in Trinidad and Tobago USA in the next big energy development in the Caribbean. There is a recent success in Guyana and Suriname’s energy sectors. Australian firm BHP has begun production on its $500m Ruby Project. It is located in shallow water in Block 3(a) within the Greater Angostura Field.

The project will see gas and oil production from the Ruby and Delaware reservoirs. This is via five production wells offshore Trinidad and Tobago USA. Several more wells are expected to be drilled in the area by the end of the year.

There is an expectation of Peak production levels that is around 16,000 BPD of oil.

Additionally, 2.26mn m³/d of gas, upon completion of the development.

Geraldine Slattery, President of BHP, stated “The start-up of Ruby represents the continued development of BHP’s oil and gas production facilities in Trinidad and Tobago, re-enforces the quality of the resource and its investment competitiveness.”

BHP will operate the Ruby development holding a 68.46 percent stake, with the National Gas Company of Trinidad and Tobago (NGC) holding a 31.54 percent stake.

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Source: Oil Price

If you have further questions on Trinidad and Tobago USA oil opportunities, feel free to reach out to us here.

Gasoline Pipeline

Gasoline Pipeline in the U.S Shuts Down by Cyberattack

A cyberattack during the weekend caused the shutdown of the Colonial pipeline. It currently carries some 45 percent of the gasoline and diesel fuel the East Coast of the U.S. consumes. This is what the media have reported. It denotes the attack could threaten the security of the gasoline supply and push up prices.

Gasoline futures immediately jumped on the news of the attack, adding 2 percent.

Colonial Pipeline Co. learned on Friday that it had become the target of a cyberattack. This is according to the Wall Street Journal. They said, “it took certain systems offline to contain the threat, which has temporarily halted all pipeline operations.”

The New York Times reported that Colonial Pipeline Co. had declined to say when it will reopen the pipeline, fueling fears about the supply of gasoline on the East Coast.

Reuters cited experts as saying the outage will not have an impact on prices at the pump unless the Colonial pipeline remained shut for more than three days.

The Colonial pipeline is the biggest pipeline infrastructure in the United States, running 5,500 miles from Houston to Linden, New Jersey, carrying some 2.5 million barrels of gasoline and diesel daily.

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Source: Oil Price

If you have further questions about Gasoline Pipeline, feel free to reach out to us here. 

M and A

M and A – Activity In Oil And Gas Drops In March

M and A in U.S. oil and gas fell by 1.49 percent below the 12-month average last month, according to GlobalData. The biggest deal by far for the month was Chevron’s acquisition of Noble Midstream Partners, which fetched $1.32 billion.

The Noble Midstream Partners deal represented about a fifth of the total value of March deals, Offshore Technology reports, citing GlobalData figures, with the total standing at $5.14 billion across 66 deals. The number of deals in March was in line with the 12-month average, which stood at 67 deals.

In terms of types of deals, mergers and acquisitions were by far the most. These accounted for 66.7 percent of all dealmaking in March and 44 of the 66 deals. Venture capital funding came in second, accounting for 19 deals, and private equity financing came in third with barely three deals.

M&A activity in the U.S. oil and gas industry was slow to take off during the pandemic as everyone retrenched and waited to see how the situation developed before going on the hunt for discount assets. The second half of 2020 saw, however, some huge deals.

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Source: Oil Price

If you have further questions related to M and A, feel free to reach out to us here

Untapped Oil Play

Africa’s Most Interesting Untapped Oil Play

Writing the article on this year’s Top Oil Wildcats! And guess what? It is not because the prospect turned out to be sub-commercial. It remains one of Africa’s most interesting untapped plays. Potentially opening up a new country with no previous exposure to the world of energy. Senegal and Mauritania started to break their way onto the energy maps of Western Africa. Guinea Bissau has remained a relative outlier. The lack of official recognition of discoveries does not necessarily mean a lack of hydrocarbons. As can be attested by the Atum prospect. Atum remains one of the hottest plays in offshore Africa, an overlooked gem that would only need a little bit of political stability to shine. Learn More about Africa’s Most Interesting Untapped Oil Play here.

There are recent big discoveries in Senegal’s offshore. This includes FAN-1 and SNE (the latter being the largest oil discovery globally in 2014). Shortly after that, there are new plays in Mauritania’s offshore. To mention some are such as Orca, have unearthed an untapped frontier area that is rich in both oil and gas.

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Source: Oil Price

If you have more questions about Untapped Oil Play in Africa, feel free to reach out to us here.

offshore-oil

The 5 Most Influential Oil Companies In The World

Oil remains, by far, the most dominant source of energy worldwide, with the EIA estimating that the world consumed 92.2 million barrels per day (b/d) of petroleum and other liquid fuels in 2020, despite a 9% decline due to the pandemic.

As the world’s biggest polluters such as the U.S. and China become more aggressive with their climate goals, the biggest oil and gas companies that shoulder the biggest responsibility for GHG emissions and are likely to feel the heat the most.

Interestingly, the world’s 5 biggest oil and gas companies (in terms of revenue) are from China and Europe, with U.S.’ giants ExxonMobil (NYSE:XOM), Chevron Corp. (NYSE:CVX), and Marathon Oil (NYSE:MRO) coming in lower at #6, #8, and #9, respectively.

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Source: Oil Price

Image Credit: Wikipedia Commons

natural-gas

The U.S. Could See Record Natural Gas Production In 2022

Natural gas production in the US is set to grow to a new record in 2022, at 93.3 billion cubic feet per day (Bcfd) and will continue to rise further, exceeding 100 Bcfd in 2024, a Rystad Energy analysis shows. As a result, the performance of the country’s key gas basins is going to attract increased interest from investors and markets, with CO2 emissions intensity, capital efficiency and potential bottlenecks drawing close scrutiny.

The country’s output reached a record in 2019, at 92.1 Bcfd, but production declined subsequently to 90.8 Bcfd in 2020 as a result of the Covid-19 pandemic. Rystad Energy expects that 2021 volumes will fall even further, to 89.7 Bcfd but the trend will quickly change as the effect of the pandemic subsides and activity builds up across the country’s major gas basins.

Rystad Energy’s analysis reveals that the Appalachian Basin was US’ best-in-class in 2020 when it comes to CO2 emissions intensity, and the region is set to report a record-high capital efficiency in 2021, as reinvestment to maintain output will drop to its lowest ever. Meanwhile, the Haynesville play will offer the largest gas output growth going forward, risking bottlenecks unless more pipelines are approved.

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Source: Oil Price

Peak Oil Demand

How Accurate Are Peak Oil Demand Projections?

Jet fuel and petrochemicals are expected to fuel crude demand this decade. Moreover, oil demand in the transport sector is set to peak by 2026. This is one year earlier than originally anticipated. Goldman Sachs believes oil demand will peak in 2026. Then, BP Plc believes the highest global demand growth is already over. Now, the International Energy Agency (IEA) thinks the peak could come later, in 2030. However it’s framed, it is clear that the oil and gas industry is facing a turbulent future.

The adoption of electric vehicles (EV) is expected to increase sharply over the next decade, driving down the demand for oil to power road transportation. According to Deloitte, we can expect a CAGR of 29 percent for the EV industry between now and 2030, with sales expected to increase from 2.5 million in 2020 to 11.2 million by 2025, and 31.1 million by 2030.

It is thought that China will account for around 49 percent of the global EV market share, with Europe following at 27 percent and the USA with a 14 percent market share. Developed countries are expected to drive EV demand over the next decade until growth levels out in the 2030s.

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Source: Oil Price

If you have further questions about any peak oil demand-related topics, feel free to reach out to us here.

oil-rig

The Best Is Yet To Come For The World’s Hottest Oil Play

By now, those of you who read about my top New Year’s stock pick, Recon Africa, will have learned that this small-cap explorer may have just moved one giant step forward in Namibia’s Kavango Basin.

Beyond my wildest imagination, this small-cap explorer set out to drill three wells to prove up the existence of indicators of petroleum systems in Namibia.

They may have proved it in the first drill.

Some results are just in and this play may have just been hugely de-risked.

But it looks like they did much more than that. They encountered oil and gas indicators, too.

If you scooped up shares in Reconnaissance Energy Africa (“Recon Africa”) (TSXV:RECO, OTC:RECAF) when I first recommended it, I’m sure you’ve been watching its remarkable rise with great interest.

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Source: Oil Price

world-needs-oil

The World Still Needs Hundreds Of Billions Of Barrels Of Oil

Has peak oil demand already come and gone? That’s an exceptionally hard question to answer. There are some experts that say unequivocally, yes. They claim that peak oil is already upon us, thanks to the crushing blow that the Covid-19 pandemic dealt to global oil demand as well as the ever-escalating worldwide transition toward clean energy. But there are just as many who say that the world’s thirst for oil still has a long way to go before we hear its swan song.

Regardless of whether oil demand has peaked or plateaued during the pandemic, what is undeniably true is that the world is going to burn a whole lot more oil in the future before the global community is able to decarbonize entirely – a goal that is still a long, long way off, no matter who you ask.

“The world is expected to burn hundreds of billions of barrels of oil in the coming decades,” Bloomberg Markets reported this week. “That gives plenty of incentive for giants like Total or Royal Dutch Shell Plc, plus the hundreds of smaller explorers that remain in business, to keep searching the world’s frontiers for the next place to sink their drill bits.”

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Source: Oil Price