New Oil – A bidding War.
The Tullow Oil rumours are gaining pace. In 2009 we have seen them tipped as a possible takeover many times, and in some of the biggest financial publications.
Today Reuters has a story about three Chinese Oil Majors having a look at Tullow Oil.
These rumours are probably to be expected. Tullow [...]

and Oil Price experts are suggesting that the price could hit $200 dollars within the next 5 years

I like the Exploration Oil Companies. Apart from being a fan of Oil and the investment opportunities offered by the arrival of Peak Oil, the lure of the big gains offered by those who strike it big are too much to resist.
But there are many many Exploration Oil companies out there, so how do you [...]

In the recent budget there was some talk about making continued investment in the North Sea Oil Fields attractive.
This has been done by offering tax breaks to those developing and exploring some of the smaller fields. With the lower Oil Price many of these fields, which are often harder to reach, are unattractive to investors. [...]

Crude Oil Price. An interesting read on the Telegraph online saying what we have have felt for a while, and that is that the current price of Oil is too low.
It suggests that we need a sustained Oil Price of above $70 a barrel, although we think that figure needs to be nearer $80 or [...]

Wellstream (WSM.L), a uk based pipeline company, like many others has taken a big hit in slide of the Oil Price.
The whole oil services sector has been bit badly and contains many stocks now sitting at a fraction of where they were when Oil was up at $150/barrel.
Wellstream stands out to me because of its [...]

Recycling Oil Rigs ? Lots of stories this week about Oil Rig Demand dropping quickly due to the decrease in the Oil Price.
We have already suggested that the recent production cuts should mean the price starts to move north, which would improve Rig Demand.
But what about abandoned or retired rigs …. here is a great [...]

The Crude Oil price has risen this week, possibly as a result of ongoing supply cuts. The Abu Dhabi National Oil Company have announced cuts, and OPEC feel they are likely to achieve their target cut of 4.2 million barrels.The recession has affected usage, estimates suggesting demand dropping by 1.5 million barrels, but with the [...]

Peak Oil, the moment where we are extracting the peak volume of oil from the globe, the point that will not be reached again, moving forwards from there the amount we extract will fall year on year until we run out.
Sounds like something from a sci-fi movie, yet its true.
When will Peak Oil happen ? [...]

I fancy the oil price to be higher than its current level by the end of 2009. It may go lower in the meantime, but I am confident we will finish the year with a price in excess of $70 a barrel.
I covered this in a previous post;
Oil Price 2009
So far I have thought of [...]