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Russia Aims To Dominate Middle East Energy

November 2, 2017 Dave Forest 0

I’ve been writing a lot lately about Russian energy firms expanding worldwide. With Rosneft having been particularly active — striking critical deals in spots like India and Egypt the last few months. And this week Rosneft and fellow Russian energy giants struck another round of huge acquisitions in a completely different part of the world. The Middle East. The biggest of those deals came in Iran. Where oil companies including Rosneft and Gazprom visited this past week along with Russian president Vladimir Putin…

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U.S. Resources Set For Record Breaking Resurgence

October 31, 2017 Dave Forest 0

Lots of natural resources news in America this week, with big opportunities opening in mining and energy in several spots across the country.  The highest-profile happening was a new offshore petroleum lease sale — announced last Tuesday by the Department of Interior. It will make available the largest swath of drilling acreage ever seen in such a bid round. The Department of Interior said that Lease Sale 250 — scheduled for March 2018 — will offer 76,967,935 acres in federal waters of the Gulf of Mexico, offshore…

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Oil Majors Go All-In On This Emerging Hotspot

October 30, 2017 Dave Forest 0

China continued to cement its growing resource relationship with Brazil this week. With reports emerging that a Chinese consortium will bid to construct a 1,100 km, $3.9 billion railway to transport grain from Brazil’s central-west region to the northern port of Miritituba.  But even bigger things were afoot the past few days in Brazil’s oil sector. Where officials pushed through a last-minute judicial scare in order to pull off a historic bid round for offshore rights in the prolific pre-salt play. As…

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Which Of These 3 Hotspots Will Be The Next Big Thing In Oil?

October 24, 2017 Dave Forest 0

Lots going on in oil and gas this week. With three ripples in different parts of the world potentially suggesting waves of new opportunity coming for project developers.  First, in Utah. Where regulators moved this past week to streamline permitting for new oil and gas wells across the state.  Local officials said they are seeking to implement a “permit by rule” regime for new wells. Which would head off the need for individual permits on every new project — thus making it substantially easier for drillers. …

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World Class Copper Auction Draws Major Interest

October 18, 2017 Dave Forest 0

Copper prices have been on a tear the last few weeks — rising over 10 percent since late September, to a recent 3-year high above $3.20 per pound.  And that’s apparently getting big miners interested in big copper projects again.  That was the word from the government of Peru this week. With officials saying they’ve seen a surge of interest in a major copper development project planned for auction over the next few months.  The project is Michiquillay — a world-leading defined resource of over 1.16 billion…

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Major Energy Importer Bets $10 Billion On Natural Gas

October 17, 2017 Dave Forest 0

Much of the attention in energy markets has been focused on OPEC and oil prices lately. But news this week suggests that a different energy commodity is quietly becoming the hottest story going worldwide. That’s natural gas. With the world’s top importing nation — Japan — saying this week it’s about to embark on a major spending spree in the sector. Japanese press reported over the weekend that government agencies are about to launch a major funding program for international natgas projects — specifically…

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Russia Gets Foothold In The World’s Hottest NatGas Discovery

October 11, 2017 Dave Forest 0

Chinese E&P major Sinopec reportedly put its Argentina assets up for a $1 billion sale this week. With one of the interested buyers said to be Russia’s Rosneft.  And that latter firm made ever bigger waves in the global natural gas industry this week. With the purchase of a stake in one of the largest — and most geopolitically complicated — development projects in the world.  That’s the Zohr natgas field, offshore Egypt. A find made by Italian major Eni — which holds a massive reserve of 30…

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Expect A Flurry Of Oil Deals In This Asian Nation

September 22, 2017 Dave Forest 0

Brazil president Michel Temer confirmed this week that state oil firm Petrobras will not be privatized. Ending speculation that the oil giant could be opened to foreign investment.  Firms like Petrobras are becoming a hot target these days. Evidenced by an announcement yesterday from one of the world’s largest oil and gas importing nations. Japan. Japanese officials gave an update on that country’s “independence ratio” — a number that’s become a key metric in measuring…

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This Overlooked Shale Play Just Reported A Huge Rise In Output

September 21, 2017 Dave Forest 0

The Americas continue to be the world’s top jurisdiction for oil and gas investment. With Chinese super-E&P Cnooc saying this past week it is seeking farm-in deals in newly-opened plays in the Gulf of Mexico.  And in onshore shale, activity is just a frenetic. With new data showing a surprising surge in drilling for one play that few observers have been watching of late.  The Haynesville shale of Arkansas, Louisiana and Texas.  Unconventional drilling in this play has largely been overshadowed by higher-profile…

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