1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015

Market Journal 2010 P5

  • 03/08/2010 -- Oil futures top $80/bbl
    After failing to sustain pushes above $80/bbl in four previous sessions, April crude closed at $80.87/bbl Mar. 3, up $1.19 for the day in the highest closing for a front-month contract in 7 weeks in the New York market as the euro strengthened against the US dollar.
  • 03/01/2010 -- US oil production climbs
    Unlike most producers outside the Organization of Petroleum Exporting Countries, the US “put up remarkably strong oil production growth of 7.1% in 2009” after “a nearly nonstop decline” for the past 3 decades, said analysts in the Houston office of Raymond James & Associates Inc.
  • 02/22/2010 -- Futures price contango compresses
    There has been a gradual compression this year of the futures price contango for key benchmark crudes, with the narrowing most evident at the front of the North Sea Brent curve.
  • 02/15/2010 -- EIA may underestimate gas demand
    The US Department of Energy’s Energy Information Administration may be underestimating natural gas demand with much of the US South and Northeast enveloped in yet another round of cold weather that boosted gas and electricity demand in January through early February, said Adam Sieminski, chief energy economist, Deutsche Bank, Washington, DC.
  • 02/08/2010 -- PIIGS trample energy prices
    Energy prices flopped with crude down 5% for its biggest 1-day loss in 6 months Feb. 4, then tumbled below $70/bbl to a 7-week low before “bottom pickers” bid prices back above $71/bbl Feb. 5 on the New York market, amid growing global concern that the weak economies of Portugal, Ireland, Italy, Greece, and Spain (PIIGS) may undermine Europe’s recovery from the recession.
  • 02/01/2010 -- Floating inventories fall
    The volume of crude in storage on supertankers at sea has fallen well below 40 million bbl from a peak of 100 million bbl last May.
  • 01/25/2010 -- OPEC capacity caps prices
    The International Energy Agency in Paris estimated in December the sustainable production capacity for the Organization of Petroleum Exporting Countries at 35.4 million b/d, with actual output at 29.05 million b/d, leaving a spare capacity of 6.35 million b/d.
  • 01/18/2010 -- Energy markets in transition
    This year will likely see a transition of energy markets back to “traditional fundamentals” of supply, demand, and inventories in place of the financial, currency, and equity market drivers that dominated 2009,” said Adam Sieminski, chief energy economist, Deutsche Bank, Washington, DC.
  • 01/11/2010 -- Cold weather saps distillates surplus
    Colder weather across much of the northern hemisphere in late December and early January accelerated the burn-off of a global distillate fuel surplus.
  • 01/05/2010 -- A 'virtual' oil price gain
    The front-month contract for benchmark US light, sweet crudes traded as high as $80/bbl before closing at $79.36/bbl Dec. 31, 2009, in what many described as a 78% price jump during 2009 and its biggest surge since 1999 on the New York Mercantile Exchange.
Related Articles

Case for Keystone XL has grown stronger, TransCanada tells Kerry

06/30/2015 Canada is taking strong steps toward combating climate change, and the proposed Keystone XL pipeline crude oil pipeline remains in the US national ...

OxyChem-Mexichem JV lets contract for ethylene storage

06/30/2015 Ingleside Ethylene LLC, a 50-50 joint venture of Occidental Chemical Corp. (OxyChem) and Mexichem SAB de CV (Mexichem), has let a contract to CB&am...

Forum extends study of subsea integrity

06/30/2015

Work by an industry forum called SURF IM Network, which studies oil and gas subsea integrity management, has been extended by 3 years.

Contract let for converting FPSO for use in Libra field

06/30/2015 Jurong Shipyard Pte. Ltd. has let a topsides detailed engineering and procurement services contract to Technip SA as part of the conversion of a sh...

Survey begins of collaboration on the UKCS

06/30/2015

Deloitte has begun a survey about collaboration in the oil and gas producing industry of the UK Continental Shelf.

Lytle named to Canada’s National Energy Board

06/30/2015

Murray Lytle has been appointed as a full-time member of Canada’s National Energy Board for a term of 7 years, effective July 6.

Construction begins on Chinese section of Russia-China Gas Pipeline

06/30/2015

Construction has begun on the Chinese section of the Russia-China Gas Pipeline, according to China National Petroleum Corp.

Court rejects BP, Anadarko Macondo appeals

06/30/2015 BP PLC and Anadarko Petroleum Corp. have lost separate appeals to the US Supreme Court to overturn a lower-court decision expanding their financial...

CNOOC starts oil production from Bozhong 28/34 oil fields

06/30/2015

CNOOC Ltd. reported the start of production from its Bozhong 28/34 oil fields comprehensive adjustment project.

White Papers

Three Tips to Improve Safety in the Oil Field

Working oil fields will always be tough work with inherent risks. There’s no getting around that. Ther...
Sponsored by

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by

The impact of aging infrastructure in process manufacturing industries

Process manufacturing companies in the oil and gas, utilities, chemicals and natural resource industri...
Sponsored by
Available Webcasts

On Demand

Drilling Optimization: Definition, Best Practices and Successful Applications for an Industry in Transition

Tue, Sep 21, 2010

Discussions and case histories on drilling optimization presented by key industry experts.

register:WEBCAST


A New Frontier: Drilling & Evaluation Challenges and Future Outlook

Wed, Aug 25, 2010

Learn more about the key challenges, opportunities and outlook for the future that both service companies & operators face by attending this on-demand webcast.

register:WEBCAST


A New Frontier: Drilling & Evaluation Challenges and Future Outlook

Wed, Aug 25, 2010

Learn more about the key challenges, opportunities and outlook for the future that both service companies & operators face by attending this on-demand webcast.

register:WEBCAST


Global Petroleum Industry Midyear Forecast

Thu, Jul 15, 2010

This webcast, presented by OGJ Editor Bob Tippee, will summarize the Midyear Forecast projections in key categories.

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected