OIL AIDEA-Oil Search MOU eyes Pikka ProjectElwood Brehmer, Alaska Journal of Commerce, August 12, 2020 Officials at Alaska’s state development bank are in early talks to fund basic infrastructure development at the largest North Slope oil project in decades. The Alaska Industrial Development and Export Authority board of directors approved a preliminary memorandum of understanding with Oil Search Alaska LLC … read more
News of the Day: Job Losses Climb in Oilfield Services OIL Oil Is Next Year’s GoldClem Chambers, Forbes, August 11,2020 It is much easier to predict the past than the future, so you will have to forgive me if I am wrong about the following. Oil is next year’s gold. The world’s governments are energetically baking in lots of … read more
OIL WHY THE CUSHING STORAGE HUB MATTERS TO OILRussell Karas and Dan Brusstar, Open Markets, August 6, 2020 AT A GLANCE The crude oil hub in Oklahoma provides the physical delivery mechanism for the benchmark WTI futures contract As global economies reopen, oil stocks in Cushing have been drawn down to 51 million barrels in storage since the peak of … read more
