Category: Highlights

Oil and gas producers seemingly have settled on a strategy. OPEC and Russia will limit production and let prices rise during a global war-famine-pandemic. OPEC sets the price umbrella while the Russians discount the price for obvious geopolitical reasons. All other big oil producers adhere to pricing and supply discipline knowing that OPEC’s costs of production are so low that OPEC can undercut any oil producer that ignores pricing discipline. The big US producers say they will not expend capital to increase supply when they lack assurance of continued demand.…

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Guyana’s offshore oil boom continues to gain momentum. It is the ExxonMobil-led consortium operating the 6.6-million-acre Stabroek Block offshore Guyana which stands to benefit the most from what analysts describe as the last great frontier offshore oil boom. The global energy supermajor has made over 32 world-class discoveries in the Stabroek Block and is now pumping 360,000 barrels per day from the consortium’s operations in the Liza oilfield. This is a spectacular development considering that Exxon only made the first discovery in the Stabroek Block in May 2015. The two…

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Growth stocks have been thoroughly hammered this year, with high inflation and rising interest rates pinching growth equities of all stripes. But few stocks exemplify the dramatic shake-up at the top, like leading EV maker Tesla Inc. (NASDAQ: TSLA). TSLA stock has tanked 69.5% in the year-to-date, wiping off a staggering $877 billion from its market cap. In comparison, the S&P 500 has declined a more modest 19.7% over the timeframe. Tesla has gone from being the fifth most valuable public company and now ranks just thirteenth with a market…

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Prime Minister Shahbaz Sharif enjoys the reputation of a doer. He enjoys being known for doing things at speed. His current stint has not allowed him to show much speed given the firefighting jobs his government seems to be doing on a daily basis. Until a bright idea popped up. The rising energy prices that led to an import challenge made renewable energy more appealing than ever before. And right on cue – comes the “Fast Track Solar PV Initiatives 2022”. Not sure if fast-tracking is what Pakistan needs today…

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After a swathe of oil discoveries in offshore Suriname, primarily in Block 58, since the start of January 2020 there was considerable speculation that the former Dutch colony will be the next Guyana. Since the start of 2022, a series of challenging obstacles emerged which are threatening Suriname’s nascent oil boom and its potential to become a leading petroleum producing nation in South America. Analysts originally envisaged that first oil would occur during 2025 and that Suriname will be pumping 650,000 barrels per day a mere five years later. Additional offshore discoveries outside of…

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