ExxonMobil

Yes, says Fred Lucas of JPMorgan, who notes that BP is trading on an implied reserve multiple that’s 30 per cent below its peers and equal to ExxonMobil’s long run finding and development costs. Read more

Kiran Stacey

Yesterday Desire Petroleum’s shares jumped more than a quarter, which can only mean one thing: oil in the Falklands. Read more

Sheila McNulty

The majors have a history of selling what they believe are their “cast offs” to the small, independent oil and gas producers because they see little value in them. When they all left the US for global markets, writing the US off as “mature” back in the 1970s, the independents picked up the pieces and carried on.  Read more

Sheila McNulty

Tudor, Pickering, Holt & Co Securities puts out a chatty research report every day, and it is worth reading. Case in point came yesterday when I came down to the header Industry response to Macondo.  Read more

Sheila McNulty

Two US oil and natural gas industry task forces have come up with more recommendations to the Department of Interior in a bid to have a say on how best practices are achieved following the Macondo well disaster. The question is whether the recommendations will do the job.  Read more

Sheila McNulty

New York state is making inroads against hydraulic fracturing, the process that has enabled the big natural gas boom in the US in recent years. This is something environmentalists have been pushing for, and gaining traction with.  Read more