Saudi Arabia - joining the dots

A series of blog entries exploring Saudi Arabia's role in the oil markets with a brief look at the history of the royal family and politics that dictate and influence the Kingdom's oil policy

Showing posts with label North America. Show all posts
Showing posts with label North America. Show all posts

Sunday, 21 April 2019

Saudi oil optics

The release of the March Official Selling Prices begins to illustrate Saudi Arabia's complex and calculated moves in the global oil markets. After years of trying to figure out the market dynamics of the brave new world with US shale and testing market responses to various signals, it knows that cutting its own production is not the only thing that matters (not to mentioned damaging to its own market share). In fact, targeting data points that...

Monday, 1 April 2019

Waha gas pricing goes negative

Chart of the week: Waha hub gas pricing goes negat...

Saturday, 5 January 2019

US resource play map

Reference map of major US L48 resource pl...

Sunday, 30 December 2018

Sponsor completion guarantees in LNG construction financing: Part II

As the world of North American LNG financings continue to evolve, OGInsights explores the use of completion guarantees in construction financings. In Part II of this two part series, we look at the conditions precedent to project completion which typically need to be satisfied for release of the completion guarantee by lenders. Construction criteria requires "substantial completion" under the EPC Contract. In addition, operational tests must...

Sponsor completion guarantees in LNG construction financing: Part I

As the world of North American LNG financings continue to evolve, OGInsights explores the use of completion guarantees in construction financings. At a high level, the project sponsor guarantees debt service under a guarantee until the construction is complete. To the extent that a project does not reach completion (normally by a certain long-stop date), then the sponsor will be obliged to repay all of the debt under the guarantee. The provision...

Wednesday, 3 January 2018

US LNG: a snapshot of where things stand in 2018

US shale has been a game changer for the gas markets. Often overshadowed by oil story, US gas production is the unloved sibling of oil – oversupplied, low prices, unprofitable and sometimes an unwanted by-product of oil production in the form of associated gas. However 2017 came to demonstrate the vast potential for US gas and a complete change in direction with the country becoming a net exporter of gas for the first time. This started with...