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FROM THE OIL PATCH

HEADLINES OF INTEREST

Underlying energy market conditions could signal pain for consumers this winter and beyond

Increased U.S. natural gas exports to Europe is ‘driving up prices’ at home, Heritage Foundation expert tells FOX Business. Current natural gas market conditions could signal pain for consumers this winter and sustained issues for years to come, according to energy economists interviewed by FOX Business. The experts said the energy crisis in Europe, in part caused by Russia’s invasion of Ukraine, will continue to hurt consumers in the U.S. through the winter as global natural gas and oil supplies are strained. They also noted that the green energy push heralded by the Biden administration and several state governments will further lead to

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Private Equity Scoops Up Oil And Gas Assets

Private Equity groups are becoming large financiers of fossil fuels as big banks wind down hydrocarbon investment. The 10 largest private equity funds have  80% of their energy investments in fossil fuels. Whereas banks and oil firms are accountable to their shareholders and to the public, private equity firms are only accountable to their limited partners. Over the past couple of years, Wall Street banks, E&P companies and investors have faced mounting pressure to disinvest in fossil fuels. Last year, BlackRock Inc. (NYSE: BLK), the world’s largest asset manager with $10 trillion in assets under management (AUM), sent shockwaves through the fossil fuel

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Offshore Oil And Gas Set For Robust Growth

High-impact drilling is returning after the COVID-induced slump. The trend of global oil demand in the coming decades of the energy transition will be a key factor in the profitability of future offshore oilfields. Many offshore oil projects have lower breakeven costs than onshore projects.  Offshore oil and gas drilling

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The World’s Biggest LNG Exporter Has A Pipeline Problem

The energy crisis in Europe has helped the United States position itself as the world’s largest LNG exporter. The United States, as the world’s biggest LNG exporter, also has the world’s largest backlog of near-shovel-ready liquefied natural gas projects. Limited pipeline capacity remains the biggest hurdle to expanding the sector.

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Preston Pipe Report – Sept 2022

(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor – In order to get Senator Manchin on board with the Inflation Reduction Act, Democratic leadership

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