Author Archives: jillesvandenbeukel

US shale oil: limits to growth

Introduction US shale oil has had a major influence on oil markets. Looming oversupply due to the rapid growth of US shale oil production was the primary cause for the 2014 oil price drop (triggered by OPEC’s decision to not … Continue reading

Posted in Geen categorie | Leave a comment

Total strikes

Pubished on Energy Post, (7-9-2017) After a period of cautious investments and a focus on bringing down costs Total surprised the markets last month with its takeover of Danish Maersk Oil and Gas (MOG) for a sum of $ 7.5 … Continue reading

Posted in Geen categorie | Leave a comment

Record high US oil stocks mask falling global stocks

In spite of all the short term noise due to hedge fund trading: in the end it are supply and demand that determine the price of oil. Reliable estimates of oil stocks are essential to determine where supply and demand … Continue reading

Posted in Geen categorie | Leave a comment

The rapidly declining production of small Dutch gas fields

The rate at which gas production from Dutch small fields declines is much faster than the rate at which Dutch gas consumption declines. Dutch gas is effectively being replaced by Russian gas. This is not in the best interest of … Continue reading

Posted in Geen categorie | Leave a comment

Oil markets: a turbulent 2016, an uncertain 2017

After two and a half years of opening up the taps (or rather: not closing them) OPEC has changed course in what is looking to be a gamechanger for the oil market. Market sentiment has shifted and the oil price … Continue reading

Posted in Geen categorie | Leave a comment

Groningen gas production and earthquakes

  Introduction The giant Groningen field was found in 1959. Remaining reserves are about 800 BcM (vs. about 2800 BcM of initial reserves). The field is exploited by NAM (50 % Shell, 50 % ExxonMobil) on behalf of the “Maatschap … Continue reading

Posted in Geen categorie | 1 Comment

Chinese oil companies: giants on shaky foundations

Abstract Chinese national oil companies (NOCs) are not mere puppets of their political masters. Whilst adhering to the overall guidelines provided by the government they have their own commercially driven agendas. They operate significant domestic oil production from mature onshore … Continue reading

Posted in Geen categorie | Leave a comment