The following chart shows the extraction cost of oil by various methods: Click to enlarge Source: CIO View Special, Feb 2015, Deutsche Asset & Wealth Management Middle East oil the cheapest while production in the Arctic Ocean is the most expensive. Update (12/22/15): Source: Oil and gas companies: the carbon risk, Schroders
Crude prices plunged dramatically in the past few month from over $100 a barrel to about $60 a barrel for Brent crude. The decline in oil prices also led to the collapse in stock prices of drillers, oil-sector service providers, MLPs, etc. However in the past few weeks oil prices have stabilized and may slowly …
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IHS acquired the prestigious energy and oil consultancy PFC Energy in 2013. Since then, the popular PFC annual ranking of the world’s largest energy and related-industry firms have been renamed as IHS Enery 50. This year’s ranking using 2014 data will be published next month. For now lets take a look at the 2014 rankings. NOTE: …
Continue reading ‘IHS Energy 50: The World’s Largest Listed Energy Firms Lists’ »