UK Oil & Gas Investments: 100 Billion Barrels of Oil Discovered

 

An oil field found near Gatwick Airport is believed to be much bigger than previously thought.

An independent body has said that there may be 100 billion barrels of onshore oil in the area. In the last 40 years, North Sea extraction has produced around 45 billion.

Stephen Sanderson, UK Oil and Gas Investments, told the BBC: ‘We think we’ve found a very significant discovery here, probably the largest in the last 30 years, and we think it has national significance.’

But there’s a problem.

The terrain isn’t very forgiving and has been compared to places with similar geology in the U.S. and west Siberia. They estimate that only between three per cent to 15 per cent could actually be extracted.

Please read more here and here.

Forbes Itemizes the Oil Bust: ~75,000 Layoffs and Counting

Please see more here and here.

Sandia National Labs: "Sun-Gas"

Sandia’s Sunshine to Petrol (S2P) team seeks to address the critical national and global issues of growing energy consumption amid increased vulnerability and price volatility of petroleum supplies and climate change risks.

Sandia’s interdisciplinary S2P research team leverages the lab’s extensive experience in concentrating solar power, reactors and reactive structures, systems, materials, and thermodynamics and in several universities.  The team is guided by a diverse and experienced external advisory board that provides feedback on research directions in periodic reviews that ensure progress.

Please learn more about "sun-gas" here and here.

Oil Company Death List: These 19 Oil & Gas Stocks Will Die Soon?

 

Energy and Infrastructure Strategist Dave Fessler compiled this report entitled “Oil Company Death List: These 19 Oil & Gas Stocks Will Die Soon!”

Falling Oil's Next Victim: Banks

oil stocks hurting banks

Please see more here and here.

Oil, Gas & Energy Job Fairs (CA, CO, TX, WV)

 

Details about these job fairs may be found here and here.

Chaos in oil markets driving up my book sales - in France!

 

A former colleague at French Banque BNP Paribas emailed to tell me that they seem to love my book over there.

 

Classement des meilleures ventes d'Amazon:
 
2.431 en Livres anglais et étrangers (Voir les 100 premiers en Livres anglais et étrangers)
 n°1 dans Livres anglais et étrangers > Science > Physics > Energy
n°12 dans Livres anglais et étrangers > Business & Investing >Investing

Well, to my French brothers and sisters, I say merci beaucoup! LOL!

Saudi Arabia’s King Abdullah Is Dead

 

Saudi Arabia’s King Abdullah bin Abdulaziz Al Saud has died and will be succeeded by his half-brother, Crown Prince Salman, at the helm of the world’s biggest oil exporter.

King Abdullah died at 1 a.m. in Riyadh, the royal court said in a statement. He became Saudi Arabia’s sixth king in August 2005 and de facto ruler in 1996 after King Fahd was incapacitated by a stroke. Prince Muqrin, another half-brother, has been named Crown Prince, the state-run Saudi Press Agency said.

The succession comes as the Arab world’s biggest economy confronts unprecedented political instability in the Middle East and a slump in oil prices.

Please read more at Bloomberg News.

Europe plunged into energy crisis as Russia cuts off gas supply via Ukraine

Russia cut gas exports to Europe by 60 per cent today, plunging the continent into an energy crisis 'within hours' as a dispute with Ukraine escalated.

This morning, gas companies in Ukraine said that Russia had completely cut off their supply.

Six countries reported a complete shut-off of Russian gas shipped via Ukraine today, in a sharp escalation of a struggle over energy that threatens Europe as winter sets in.

Bulgaria, Greece, Macedonia, Romania, Croatia and Turkey all reported a halt in gas shipments from Russia through Ukraine.

Please read more here.

Fortune: World's Winners & Losers From Cheap Oil (chart)

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