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teapot tempest
01 Feb
Is the oil industry really facing Armageddon?
Last week an article appeared in Australia’s mainstream media with the alarmist title of “Oil’s Armageddon”, which, naturally enough, alarmed a few people, one of whom contacted me for my views. Frankly, I didn’t agree fully with the article's take on things. You can find the story here, and my observations in this blog. At the end, if you can devote the time, you be the judge: Tempest or Armageddon
07 Jan
Episode 29 – Where is the price of oil going?

Where are oil prices headed? We’ve now had over 18 months of low oil prices, so surely by now the causes of the price crash have dissipated and prices are going to rise back to where they were.Well, think again. In my view, prices are...

21 Oct
Episode 22 – Surviving the Services Recession

Australia's onshore oil and gas services sector is experiencing its very own recession, thanks to gyrating oil and gas prices. And it's going to last a while, if my calculations are correct. I haven't seen conditions this bad since 2008-09 when I worked with transport, fracking, drilling and construction companies...

16 Sep
Episode 19 – Out of Work in Oil and Gas? Now What?

Have you been laid off from your great job in the oil and gas industry? Are you wondering what to do next? Is it time to write the industry off and move on, or is there still work to be had, if you knew where...

The massive INPEX LNG plant takes shape in Darwin
31 Aug
Where Is The Price of Oil Going?
Where are oil prices headed? We've now had almost a year of low oil prices, so surely by now the causes of the price crash have dissipated and prices are going to rise back to where they were. This would give comfort to oil companies who are suffering with depressed cash flows, to banks concerned about their loan portfolio, to employees worried about their jobs, and to governments who were counting on royalties for the public purse. Well, think again. In my view, prices are not likely to return to the robust numbers of 2014 anytime soon. The underlying drivers that got us to this place have only partially moderated, and there are new forces on the horizon that will bring more pressure to bear on the market. And why would readers of a blog about LNG care about the price of oil? Because LNG is priced in reference to oil.
Area 51 in the USA is often said to be part of a government conspiracy
20 Apr
Do Dark Forces Control The Price of Oil?
There's been tons of analysis on the causes of the oil price collapse. Audiences politely nod their heads at the storyline and accept that there's a supply/demand imbalance, but once in a while, I'm confronted with serious skeptics who fundamentally disagree with this premise. Is there another plausible storyline, drawn from the more murky shadows of conspiracy theory? Perhaps.Note to readers: this post is all about oil, but stick with it. Oil drives LNG pricing.
March 2015
06 Apr
Trending LNG News from March 2015
Here's my analysis of the news from the global LNG and natural gas industries from March 2015. Happy Easter!  

LNG Projects Still Growing

While you might have thought that the LNG industry would be taking a breather from its breakneck development pace for the past 4 years, this month saw a number of project announcements that hinted at the continuing growth of the industry. 

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