2012 Oil Reserve Replacement Ratios: And The Winner Is... [View article]
Hi rjj - well, yes, I did say that CVX was the best oil company on the planet. However, this article is specifically on RRR, and on that metric COP wins 142% to 112% (plz refer to the table in the article).
2012 Oil Reserve Replacement Ratios: And The Winner Is... [View article]
Thanks Craig. I plan a follow up on the bigger Bakken players. Note that 750 million of XOM's additions came from the Woodford and Bakken, and then we had CLR's recent announcement:
Clearly, and not surprisingly, the shale plays are playing an important role in RRR's this year. That said, I was quite surprised they played as big a role in XOM's replacements as they did.
Chevron: The Best Integrated Oil Company In The World [View article]
Hi Jan, my understanding after reading a couple articles about dual gradient is that it is much more expensive if the drilling rig was not specially designed to support it, but not much more expensive at all if the drilling rig was designed to support it. It would appear that Chevron is using Transocean's Discoverer Clear Leader rig for Jack. I believe this class of rig support dual gradient drilling. There is a nice write up on this you can access from a link on the right side of this webpage:
New Flyer Industries: Big CNG Bus Contracts And A 19.99% Interest By Marcopolo [View article]
I have been watching both NFI and NFYEF. NFYEF has considerably less volume, but for American investors, you have to do a currency translation to get into NFI on the Toronto Stock Exchange. I have not jumped in yet. And yes, I would agree the market hasn't reacted considering it was a nearly 20% stake. Kind of hard to understand why that kind of investment was considered to be very bullish...especially when the price was $10.50 - considerably above the recent trading range.
New Flyer Industries: Big CNG Bus Contracts And A 19.99% Interest By Marcopolo [View article]
Hi Charlie - natural gas vehicles (NGVs) do not usually generate electricity other than for operation of the vehicle itself, just like a gasoline powered vehicle. If you were referring to the natural gas/electric hybrid I was talking about, the nat gas internal combustion engine (ICE) does recharge the batteries, but these are smaller batteries than a full blown electric vehicle (EV) and that is the beauty of the nat gas/electric hybrid as compared with the 100% EV: much smaller battery packs, lower costs, higher reliability, and better range. The nat gas/elec hybrid wins on every metric over an EV, which is probably why the government is backing the EV! But to answer your question, I don't think a Prius sized battery pack would be a good solution to power a home - too small and too inefficient as compared to a plain old nat gas backup generator.
Chevron: The Best Integrated Oil Company In The World [View article]
Thanks bizimran and I would agree safety is paramount in the oil business. One only has to look at what BP and the people of the Gulf Coast are still going through to realize safety is a prime risk to all oil companies. Energy is by definition a risky business. Human error is something all energy companies deal with. Refineries are inherently dangerous, and the older they are the more risk there. But I believe most oil companies work diligently to limit risk and injury. Even as the companies strive for "zero incidents", realistically, that is a very hard goal to reach year in and year out. That is one reason I enjoyed the article on dual gradient drilling (see comments above). The technology appears to reduce risks of another BP type blowout in deep water drilling. Chevron appears to be embracing this technology.
2012 Oil Reserve Replacement Ratios: And The Winner Is... [View article]
2012 Oil Reserve Replacement Ratios: And The Winner Is... [View article]
2012 Oil Reserve Replacement Ratios: And The Winner Is... [View article]
http://bit.ly/VOCG9C
Clearly, and not surprisingly, the shale plays are playing an important role in RRR's this year. That said, I was quite surprised they played as big a role in XOM's replacements as they did.
Crude Oil Volatility At Record Low Levels [View article]
Statoil: A Good Long-Term Holding Or A Trading Stock? [View article]
Chevron: The Best Integrated Oil Company In The World [View article]
http://www.deepwater.com
under "Technology"
New Flyer Industries: Big CNG Bus Contracts And A 19.99% Interest By Marcopolo [View article]
Chevron: The Best Integrated Oil Company In The World [View article]
Chevron: The Best Integrated Oil Company In The World [View article]
New Flyer Industries: Big CNG Bus Contracts And A 19.99% Interest By Marcopolo [View article]
Chevron: The Best Integrated Oil Company In The World [View article]
Chevron: The Best Integrated Oil Company In The World [View article]
Chevron: The Best Integrated Oil Company In The World [View article]
Chevron: The Best Integrated Oil Company In The World [View article]
Chevron: The Best Integrated Oil Company In The World [View article]