Price stabilisation will encourage US shale sector M&A

2016 ◽  
Keyword(s):  
Large Scale ◽  
Oil Prices ◽  
Oil Industry ◽  
Short Cycle ◽  
Content Type ◽  
Service Companies ◽  
Price Stabilisation ◽  
The Us ◽  
Increased Activity

Significance The current oil industry downturn has not led to the same sort of industry mega-mergers that previous down cycles have produced. However, as oil prices stabilise at 45-50 dollars per barrel and a return to 30-dollar oil looks less likely, the strongest US shale producers are initiating deals that position them to take advantage of the price recovery. Impacts Despite the broader industry downturn, the US shale sector remains an attractive long-term investment for many investors. Large-scale megaprojects are likely to fall out of favour as companies shift spending to smaller short-cycle investments, such as shale. Oilfield service companies will benefit from increased activity as stronger companies buy up weaker drillers.

OPEC deal would encourage US shale producer rally

2016 ◽  
Keyword(s):  
Gulf Of Mexico ◽  
Oil Prices ◽  
Oil Price ◽  
Eagle Ford Shale ◽  
Eagle Ford ◽  
Content Type ◽  
Service Companies ◽  
West Texas ◽  
The Us ◽  
Shale Recovery

Significance The US shale industry has emerged from the worst of the crude price downturn battered, but also leaner and more efficient. Many shale producers are eager to return to growth, buoyed by a more stable oil price at around 50 dollars per barrel. However, oil prices need to rise somewhat higher still to give enough of a jolt to the industry to see US oil production return to meaningful growth. Impacts Oilfield service companies, especially fracking specialists, stand to gain if shale drilling activity picks up on the back of higher prices. The Permian shale in West Texas will lead any US shale recovery, due to its lower costs and large reserves, boosting the region’s economy. The Bakken and Eagle Ford shale plays will follow the Permian shale in a price recovery. Prices above 70 dollars per barrel would probably be required for investment to return to Gulf of Mexico deepwater projects.

Asteroid mining becomes a serious proposition

2018 ◽  
Keyword(s):  
Large Scale ◽  
Mining Industry ◽  
Resource Depletion ◽  
Content Type ◽  
China Academy ◽  
Viable Solution ◽  
The Us ◽  
Legal Foundations ◽  
Legal Frameworks

Subject Asteroid mining. Significance The US firm Planetary Resources in April completed successful tests in orbit of technology it plans to use to prospect for natural resources on asteroids from 2020. Separately, the China Academy of Launch Vehicle Technology late last year announced long-term plans for large-scale asteroid mining. Meanwhile, US legislators have begun laying the legal foundations for a space mining industry. Significant technological challenges remain, but key technologies have already been demonstrated, making the industry a serious prospect. Impacts An investment bubble could follow dramatic early successes or technological breakthroughs. There may be international tension over ownership or priority of access unless new international legal frameworks are agreed in advance. Asteroid mining will not be a viable solution to terrestrial resource depletion for the foreseeable future.

OIL PRICE OUTLOOK REMAINS UNCERTAIN IN THE FACE OF CONTINUING WORLD OVERSUPPLY

1987 ◽  
Vol 27 (1) ◽  
pp. 7
Author(s):  
I. Story
Keyword(s):  
Oil Prices ◽  
Oil Production ◽  
Oil Industry ◽  
Large Degree ◽  
Oil Price ◽  
The Us ◽  
The Face ◽  
The Government ◽  
To Come

Australia's oil industry has just emerged from the most difficult period in its short history, following the unprecedented collapse in world oil prices during the first half of 1986, and the continuing weakness during the rest of the year. As a result, the oil industry has undergone painful cost-cutting measures to survive the new environment. Thousands of jobs have been lost for good, exploration activity has been dramatically cut back to the levels of the late 1970s, and the industry now faces the bleak prospect that oil prices may not return to previous high levels until sometime in the 1990s, ironically at a time when Australian oil production is expected to begin a major decline.The Australian federal government has also felt the pain, through significantly reduced revenues from oil production and exports, although this has been anaesthetised to a large degree by a hike in petrol pump excise rates.Oil and petroleum product exports, which rose during the second half of 1985 to become Australia's number two export earner (behind coal) with sales valued at over $150 million a month, came to a dramatic halt during the first half of 1986 before resuming again at considerably lower levels during the second half, only after the government had lowered the top Bass Strait excise rate from 87 per cent to 80 per cent.Government revenue from Bass Strait excises, which reached a record $4.2 billion in 1984-85, fell slightly to $4 billion in fiscal 1985-86 and is forecast to tumble to $1.7 billion during 1986-87.The industry was granted a slight relief from the pressures of low oil prices during the second half of 1986 by the temporary scrapping of onshore levies and a reduction in the top Bass Strait levies. It was unclear, however, at the time of going to press just how long the government was prepared to continue with the tax holiday.The short to medium term outlook is far from healthy. The continuing world over-supply of oil is expected to last until at least the end of the decade, and perhaps into the 1990s. The OPEC nations continue to struggle with meeting the level of production ceilings which will ensure long term oil price stability. While signs are hopeful that OPEC may succeed in holding production at around 16-17 million barrels a day (mmbpd), continuing high output from the non-OPEC countries ensures the prospects for prices firming much above the US$15-18/barrel range for any length of time are not bright. The market supply/demand equation will ensure world prices remain precariously balanced for some time to come.

Power Africa could provide long-term electricity boost

2015 ◽  
Keyword(s):  
Power Plants ◽  
Large Scale ◽  
Thermal Power ◽  
Private Investment ◽  
Private Capital ◽  
Content Type ◽  
The Us ◽  
Slow Progress ◽  
Gas Supply

Subject Tracking progress on Power Africa. Significance US President Barack Obama's five-year Power Africa initiative announced in June 2013 faces growing criticism for slow progress as it approaches its halfway point in December. The US Overseas Private Investment Corporation (OPIC) announced 'critical milestones' for commitments only last month for four flagship projects, two large-scale wind schemes in Kenya and thermal power plants in Senegal and Ghana. Impacts Power Africa will stand as a test of whether infrastructure deficits can be plugged by combining private capital with public guarantees. Private investment will not materialise in sufficient quantities so long as it operates within inefficient state-monopolised sectors. Inefficiencies such as gas-supply problems and subsidies will further undermine the effect of private investment operating on the margins.

scholarly journals Cities Exacerbate Climate Warming

Urban Science ◽  
2021 ◽  
Vol 5 (1) ◽  
pp. 27
Author(s):  
Lahouari Bounoua ◽  
Kurtis Thome ◽  
Joseph Nigro
Keyword(s):  
Surface Temperature ◽  
Land Surface ◽  
Large Scale ◽  
Climate Models ◽  
Warming Trend ◽  
Climate Mitigation ◽  
Temperature Changes ◽  
Surface Warming ◽  
The Us

Urbanization is a complex land transformation not explicitly resolved within large-scale climate models. Long-term timeseries of high-resolution satellite data are essential to characterize urbanization within land surface models and to assess its contribution to surface temperature changes. The potential for additional surface warming from urbanization-induced land use change is investigated and decoupled from that due to change in climate over the continental US using a decadal timescale. We show that, aggregated over the US, the summer mean urban-induced surface temperature increased by 0.15 °C, with a warming of 0.24 °C in cities built in vegetated areas and a cooling of 0.25 °C in cities built in non-vegetated arid areas. This temperature change is comparable in magnitude to the 0.13 °C/decade global warming trend observed over the last 50 years caused by increased CO2. We also show that the effect of urban-induced change on surface temperature is felt above and beyond that of the CO2 effect. Our results suggest that climate mitigation policies must consider urbanization feedback to put a limit on the worldwide mean temperature increase.

Russia's Baltic pipeline nearly ready but risks remain

2021 ◽  
Keyword(s):  
Content Type ◽  
Bilateral Agreement ◽  
The Us ◽  
Nord Stream ◽  
The Way

Significance Despite this, Biden indicated no change in the US position after a bilateral agreement with Germany effectively paved the way to completing the pipeline. Technically, Nord Stream 2 could begin partially operating in October. Impacts The recent spike in European gas prices to levels unseen since 2008 reinforces the case for Nord Stream 2's speedy completion. EU energy diversification, with a focus on renewables, poses long-term questions about the viability of both the Nord Stream pipelines. From October, Hungary will switch to Gazprom gas supplied via Serbia and Austria instead of through Ukrainian pipelines.

Exploring the inflationary effect of oil price in the US

2019 ◽  
Vol 13 (1) ◽  
pp. 60-76 ◽  
Author(s):  
Amine Lahiani
Keyword(s):  
Growth Rate ◽  
Structural Breaks ◽  
Oil Prices ◽  
Oil Price ◽  
Inflation Expectations ◽  
Oil Price Shocks ◽  
Price Shocks ◽  
Content Type ◽  
The Us ◽  
The Relationship

PurposeThe purpose of this paper is to explore the effect of oil price shocks on the US Consumer Price Index over the monthly period from 1876:01 to 2014:04.Design/methodology/approachThe author uses the Bai and Perron (2003) structural break test to split the data sample into sub-periods delimited by the computed break dates. Afterwards, the author uses the quantile treatment effects over the full sample and then, by including sub-periods dummies to accommodate the selected structural breaks that drive the relationship between inflation and oil price growth.FindingsThe findings include a decreased transmission effect of oil price changes on inflation in recent years; a varied elasticity of inflation to the growth rate of oil prices across the distribution; and, finally, evidence of asymmetry in the relationship between the growth rate of oil prices and inflation, with a higher transmission mechanism for decreasing rather than increasing oil prices.Practical implicationsPolicymakers should remain alert to monitoring potential inflation increases and should take precautionary measures to anchor inflation expectations, because inflation reacts differently to positive and negative oil price shocks. Moreover, authorities should consider the asymmetric reaction of inflation to oil price shocks to adopt an appropriate monetary policy strategy to achieve the price stability target.Originality/valueThe paper used a quantile regression model with structural breaks, which has not yet been used in the literature.

scholarly journals Chromosomal Rearrangements in Salmonella enterica Serovar Typhi Strains Isolated from Asymptomatic Human Carriers

mBio ◽  
2011 ◽  
Vol 2 (3) ◽  
Author(s):  
T. David Matthews ◽  
Wolfgang Rabsch ◽  
Stanley Maloy
Keyword(s):  
Salmonella Enterica ◽  
Large Scale ◽  
Chromosomal Rearrangements ◽  
Growth Conditions ◽  
Genetic Changes ◽  
Content Type ◽  
Long Term Storage ◽  
Bacterial Chromosomes ◽  
Over Time

ABSTRACTHost-specific serovars ofSalmonella entericaoften have large-scale chromosomal rearrangements that occur by recombination betweenrrnoperons. Two hypotheses have been proposed to explain these rearrangements: (i) replichore imbalance from horizontal gene transfer drives the rearrangements to restore balance, or (ii) the rearrangements are a consequence of the host-specific lifestyle. Although recent evidence has refuted the replichore balance hypothesis, there has been no direct evidence for the lifestyle hypothesis. To test this hypothesis, we determined therrnarrangement type for 20Salmonella entericaserovar Typhi strains obtained from human carriers at periodic intervals over multiple years. These strains were also phage typed and analyzed for rearrangements that occurred over long-term storage versus routine culturing. Strains isolated from the same carrier at different time points often exhibited different arrangement types. Furthermore, colonies isolated directly from the Dorset egg slants used to store the strains also had different arrangement types. In contrast, colonies that were repeatedly cultured always had the same arrangement type. Estimated replichore balance of isolated strains did not improve over time, and some of the rearrangements resulted in decreased replicore balance. Our results support the hypothesis that the restricted lifestyle of host-specificSalmonellais responsible for the frequent chromosomal rearrangements in these serovars.IMPORTANCEAlthough it was previously thought that bacterial chromosomes were stable, comparative genomics has demonstrated that bacterial chromosomes are dynamic, undergoing rearrangements that change the order and expression of genes. While mostSalmonellastrains have a conserved chromosomal arrangement type, rearrangements are very common in host-specificSalmonellastrains. This study suggests that chromosome rearrangements in the host-specificSalmonella entericaserovar Typhi, the causal agent of typhoid fever, occur within the human host over time. The results also indicate that rearrangements can occur during long-term maintenance on laboratory medium. Although these genetic changes do not limit survival under slow-growth conditions, they may limit the survival ofSalmonellaTyphi in other environments, as predicted for the role of pseudogenes and genome reduction in niche-restricted bacteria.

scholarly journals Lost in migration: document quality for batch conversion to PDF/A

2018 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Roland Erwin Suri ◽  
Mohamed El-Saad
Keyword(s):  
Large Scale ◽  
Software Tool ◽  
Batch Processing ◽  
Digital Archives ◽  
Adobe Acrobat ◽  
Content Type ◽  
Text Document ◽  
File Formats ◽  
Long Term Preservation

PurposeChanges in file format specifications challenge long-term preservation of digital documents. Digital archives thus often focus on specific file formats that are well suited for long-term preservation, such as the PDF/A format. Since only few customers submit PDF/A files, digital archives may consider converting submitted files to the PDF/A format. The paper aims to discuss these issues.Design/methodology/approachThe authors evaluated three software tools for batch conversion of common file formats to PDF/A-1b: LuraTech PDF Compressor, Adobe Acrobat XI Pro and 3-HeightsTMDocument Converter by PDF Tools. The test set consisted of 80 files, with 10 files each of the eight file types JPEG, MS PowerPoint, PDF, PNG, MS Word, MS Excel, MSG and “web page.”FindingsBatch processing was sometimes hindered by stops that required manual interference. Depending on the software tool, three to four of these stops occurred during batch processing of the 80 test files. Furthermore, the conversion tools sometimes failed to produce output files even for supported file formats: three (Adobe Pro) up to seven (LuraTech and 3-HeightsTM) PDF/A-1b files were not produced. Since Adobe Pro does not convert e-mails, a total of 213 PDF/A-1b files were produced. The faithfulness of each conversion was investigated by comparing the visual appearance of the input document with that of the produced PDF/A-1b document on a computer screen. Meticulous visual inspection revealed that the conversion to PDF/A-1b impaired the information content in 24 of the converted 213 files (11 percent). These reproducibility errors included loss of links, loss of other document content (unreadable characters, missing text, document part missing), updated fields (reflecting time and folder of conversion), vector graphics issues and spelling errors.Originality/valueThese results indicate that large-scale batch conversions of heterogeneous files to PDF/A-1b cause complex issues that need to be addressed for each individual file. Even with considerable efforts, some information loss seems unavoidable if large numbers of files from heterogeneous sources are migrated to the PDF/A-1b format.

Early impact of Covid-19 on private sector employees finance homeownership in Kingdom of Saudia Arabia

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Raed Khamis Alharbi
Keyword(s):  
Private Sector ◽  
Large Scale ◽  
Housing Finance ◽  
Policy Framework ◽  
Content Type ◽  
Financial Uncertainty ◽  
Key Stakeholders ◽  
Negative Impacts ◽  
Future Policy

Purpose For almost two years, the economic shocks and financial uncertainty created by the Covid-19 pandemic have affected all sectors. The private sector employees may be the worst hit. This is because of the lockdown across many countries, including the Kingdom of Saudi Arabia (KSA), leading to income irregularities. Studies exploring private-sector employees concerning housing finance for the houses purchased and how the lockdown has affected their sources of income for repayment plans are scarce. Therefore, this study aims to investigate the possible early negative impacts of Covid-19 on private sector employees’ housing finance homeownership in KSA. Design/methodology/approach A phenomenology type of qualitative research was used. Data were sourced from three cities (Riyadh, Al-Qassim and Medina) and three mortgage banks across KSA. Virtual interviews via Zoom and WhatsApp video calls were conducted with engaged participants (bankers, government agencies and private sector employees). Thematic analysis was adopted, and the analysed data was presented in themes. Findings Findings show that the partial and full lockdown resulted in income irregularities in many private businesses. Also, findings identified downsizing, leading to large-scale unemployment, half-monthly income for employees, loss of profit, human resources wastage, etc. Findings reveal that because of the economic shock, many homeowners have not been able to meet up with their monthly mortgage repayment obligation. Also, the absence of financial support in form of socioeconomic needs has not helped the matter. Research limitations/implications The paper is limited to the early negative impacts of Covid-19 on private sector employees’ housing finance homeownership in KSA and data collected via Zoom and WhatsApp video calls across the three main cities. The recommendations that will emerge from this study may be adopted by other Gulf and Islamic countries with similar homeownership repayment challenges. Practical implications This study would stir key stakeholders, especially the policymakers and mortgage institutions to consider future policy principles that focus on who is at the highest risk for housing-related hardships because of the Covid-19 or future pandemic. The outcome can be used to develop an equitable housing policy framework to foster long-term economic mobility and be validated in the future by scholars. Originality/value Similar research in this area is limited, which makes this study one of the pioneering attempts to investigate the early negative impacts of Covid-19 on private sector employees’ housing finance homeownership in KSA. The paper sheds light on the emerged early negative impacts and proffer feasible possible solutions to promote homeownership amongst Saudi citizens.

Sign in / Sign up

Export Citation Format

Share Document