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EKT Interactive
Opportunities in Energy Podcast Network - EKT Interactive brings you the next generation in energy industry training. As a supplement to our Energy 101 e-learning content, these podcasts bring you commentary from our industry experts with decades of experience. We cover all relevant trends in oil and gas, power, renewables, energy transition and more. Join the energy learning community today!
Here is the latest oil market analysis from Commodity Research Group.
These podcast episodes are based on research published in the CRG Monthly Outlook report – a premium research product covering energy, metals, and currencies.
The full report is relied on by hedge funds and trading groups to provide actionable insight into commodity markets and is available on a subscription basis.
Be sure to contact CRG to learn more about their research services.
Contact Commodity Research Group About CRG
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
Sponsors:
EKT Interactive Podcast Network
Energy 101 – eLearning for the Energy Industry
The post September 2022 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post June 2022 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post May 2022 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post March 2022 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post February 2022 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post January 2022 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post December 2021 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post November 2021 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post October 2021 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post August 2021 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market expert Andrew Lebow talks with author Amy Jaffe about her new book, Energy’s Digital Future: Harnessing Innovation for American Resilience and National Security.
The book is available now at Amazon and Barns & Noble websites.
About the Experts
Amy Myers Jaffe
Amy Myers Jaffe is Research Professor and Managing Director of the Climate Policy Lab. She was formerly the David M. Rubenstein Senior Fellow for Energy and the Environment and Director of the Program on Energy Security and Climate Change at the Council on Foreign Relations.
A leading expert on global energy policy and sustainability, Jaffe previously served as senior advisor for sustainability at the Office of the Chief Investment Officer at the University of California, Regents and as executive director for energy and sustainability at University of California, Davis where she led research on low or zero carbon fuels and transportation policy. Jaffe has taught energy policy, business, and sustainability courses at Rice University, University of California, Davis, and Yale University. Jaffe is widely published, including as co-author of Oil, Dollars, Debt and Crises: The Global Curse of Black Gold, with Mahmoud El-Gamal.
Her book Energy’s Digital Future: Harnessing Innovation for American Resilience and National Security will be published by Columbia University Press in 2021.
She is chair of the steering committee of the Women in Energy Initiative at Columbia University’s Center on Global Energy policy.
A frequent media commentator, Jaffe serves on the leadership council of the U.S. Association of Energy Economics and holds a Senior Fellow award from that organization for her career contributions to the field of energy economics.
Jaffe is a member of the Global Future Council on Net Zero Transition at the World Economic Forum (Davos).
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Transcription
Andy Lebow: Hi, this is Andy Lebow of Commodity Research Group. We are thrilled to have as our guest today on the podcast one of the real stars of the energy field, Amy Jaffe. Amy is currently a research professor at the Fletcher School at Tufts University. During her long distinguished career in both the public and private sectors. She has become known as a leading expert on global energy policy, energy sustainability, and geopolitics. Amy has a new book out entitled Energy’s Digital Future: Harnessing Innovation for American Resilience and National Security, available on Amazon and Barnes and Noble. Amy, thanks so much for joining us and congratulations on the book.
Amy Jaffe: Great to be here with you, Andy.
Andy Lebow: Amy, I love the book. Any book that could take you on a journey from Henry Ford to Elon Musk is well worth the trip. I have to tell you, for anyone who’s interested in where we were, where we are, and where we’re going in the energy space, I would really urge you to read this book. Amy, you focused on a number of themes in the book. You talk about energy innovation, energy transition, and the geopolitical consequences of the new digital energy world. And we’re going to talk about all these themes during the podcast. But let’s start in the past. In the book you describe a real opportunity missed at the dawn of the gasoline age. Tell us about the incredibly interesting and really little known story of Thomas Edison and Henry Ford.
Amy Jaffe: Well, I think the people don’t really know. I mean, people know that Edison, Ford were incredible innovators and inventors at the last turn of the century. And indeed, was a very transformative period. And Henry Ford developed this assembly line process that revolutionized manufacturing. Edison was responsible for basically our entire electricity system. But the interesting thing is that they collaborated to try to pull together an electric battery that would be suitable for automobiles and for the Model T. And at the time it was a really interesting thing because we all think about this narrative that we’ve been told that gasoline was the superior technology and that’s why we’re all in gasoline cars. But that wasn’t actually true at the time of Ford and Edison.
At the time of Ford and Edison, actually the way people got all across big cities in the United States was by electric vehicle. And indeed, there were these very efficient electric taxi services. Sounds a little bit like Uber, where you would call the taxi company on your telephone and they would come and pick you up in an electric car. And then when the battery would get low, the driver would go back to the central depot and they would switch out the battery for one that was charged.
So realistically, the entire transportation vehicle fleet back in the day was electric 1910, peak electricity for cars. And then on top of that, we had electric trolleys. We had electric trolleys and major cities. And so electrification of transportation, which we’re now talking about like this unbelievably difficult task we’re going to undertake. We were electrified. So people say, “Well, gasoline was just so much more efficient.” But actually gasoline cars were unbelievably problematic.
When you hear the expression people use today, that someone is cranky. That comes from the fact that used to have to crank your gasoline car to turn it on. And it was so hard to do that people would literally break their arms from the kickback and other problems with the car. And there were all kinds of problems. There didn’t use to be safe gasoline stations. You used to actually pick up gasoline at the grocery store.
And so there were stories from back in the day of people literally blowing themselves up trying to fill their own car with gasoline. So it was really a pretty imperfect technology. And of course, there’s a famous story where Henry Ford wanted to promote his car, so he wanted to get the famous environmentalist, James Burrow to drive the car. So Burrow took possession of the car and tried to drive it and actually crashed into his barn.
So they were not easy. And then people would drive out with these cars, these gasoline cars, and the axle of the car would break from bumps on the road. And so they’d be stranded. So it really was not a superior technology at the time when the Model T first came out. And indeed, not only did Ford and Edison try to come up with an electric vehicle, but years later, Henry Ford was quoted as saying that he regretted that his cars ran on gasoline, that that was going to be a major problem for vehicles in the future, and that he wanted to see his car shift to some other fuel because he designed the car to be a vehicle for people in the rural countryside. So it was clear how many … thousands of electric car companies, including the Baker electric car, that service people in cities.
So Henry Ford’s idea was that out in the countryside in America where electricity was still not prevalent, he would create a car that ran on biofuels. And eventually he was convinced to switch to gasoline. But the bottom line is even the first Model T’s were dual fuel vehicles. So to me, it’s very instructive to go back and look at that period of history. What happened to the Ford, Edison collaboration on batteries?
Well, one of the problems was that the whole battery industry was torn asunder during World War I because so many of the metals involved in battery manufacturing were needed for ammunition and other military supplies. So, that was a big factor in hindering the continued competition of electric cars with gasoline vehicles. And the second thing that happened is that the US government requisitioned Henry Ford and others who were manufacturing vehicles to supply trucks for the effort of our allies in Europe, because Germany in World War I controlled the rail lines, the logistics.
And so the allies needed to switch to trucking to be able to have a leg up. And America supplied ambulances, supplied trucks. And Ford switched some of his manufacturing to provide support for airline jet plane manufacturing. So, it was really a crucial period in history where the national security imperative of the war pushed us out of electric cars.
And there’s a little bit of a tragedy in that because now when you hear people from the current tech industry talking about developing autonomous self-driving robot cars that are going to be able to deliver food without human beings and are going to be able to serve as taxis in Manhattan and they could be electrified and that’ll be less polluting and better for air quality and that’ll be no carbon emissions, and it will be a better society. The sad thing is, had we not gone to gasoline vehicles, had we stayed on the taxi system that we had, say in New York City, where they were electric and we still had electric trolleys, then the transition to clean electricity would have been a snap. And all the infrastructure we would have had for vehicles and a light rail would still be electrified.
Andy Lebow: That is an unbelievable, just an amazing story because I don’t think many of us, I mean, I’ve been in energy my whole career, and I had no idea that the electric vehicle was so advanced in the 1910s and into and into the 1920s. And here we are, literally a hundred years later talking almost daily about electric vehicles. And I think this will lead into our next-
Amy Jaffe: And let me just make one last point, which is, can you imagine how good the batteries would have been if we’d spent this last hundred years perfecting them instead of perfecting the gasoline engine?
Andy Lebow: Oh yeah. We’d be there. Right? We would be there.
Amy Jaffe: We would have been there a long time ago. [crosstalk]
Andy Lebow: We would’ve probably been there in the 1950s. Yeah. Who knows?
Amy Jaffe: Who knows.
Andy Lebow: Yeah. But unfortunately, 25 years after World War I, we had World War II. Who knows if the electric vehicle would have been effective fighting World War II. We won’t know, but it is an amazing story. And I think it does segue into, let’s move into today and tomorrow, because a lot of the book is about energy innovation. And we certainly live in a world where a technology is remarkable. It’s changing the way we live today and will do so tomorrow. And one of the areas where technology has had an enormous impact is in the energy field, of course. And your book is entitled Energy’s Digital Future. Can you talk a little bit about some of those developing and developed digital technologies and perhaps how you see them hastening, or maybe even hindering the energy transition?
Amy Jaffe: Well, let’s talk about it. I mean, I think one of the interesting things that we’ve seen is that the COVID pandemic actually accelerated some of the technologies I talked about. So for example, commuting accounts for about 16% of US oil demand, historically. And pre COVID, less than 10% of US employees use the telecommuting. But now something like a third of the country are working from home. Another portion of people are working from home sometimes. So that’s a big change. And if you think about longer term, you add to that the fact that business airline travel is down 70 or 80% from what we were used to. That’s a lot of consumers of oil that are no longer out there for those specific purposes.
Now, some of the things are more complicated. E-commerce. E-commerce is also way up since COVID. It grew 44% in 2020. And here’s the thing. People have studied it, and if you demand immediate delivery, maybe not so much, but if you’re just ordering something on an e-commerce site and they’re delivering it to you, whether it’s a big, efficient purveyor, like an Amazon, and you’re not going to the store for those items. They’re coming to your house. UPS, Amazon, the shippers, they have these digital E programs, where they use an algorithm to figure out what is the most efficient way to get that package to your house.
And the first year that UPS used one of these big data programs to schedule deliveries. So it both schedules what warehouse to deliver from, it schedules how many packages go on what truck, it even schedules what turns the driver makes. Drivers are not allowed to just randomly go where they feel like going to deliver these packages. It’s all computerized and linked into their navigation system. And the first year that UPS did that, they saved a hundred million miles. I’m sorry, a hundred million miles. Yeah, a hundred million miles of vehicle mile travel, just this algorithm alone.
So again, very powerful way to eliminate oil use, very powerful way to reduce emissions. Amazon and some of the companies are saying they’re going to go to a low carbon vehicles, maybe hydrogen or for big trucks, or electricity for delivery tracks based on renewable energy. So we do something like that, huge, powerful effects on environmental performance. Both for local air quality, but also for carbon emissions. So very powerful technologies.
And of course the big one we all learned about during COVID was 3D printing. So you might recall that we didn’t have enough PPE during the initial stages of the crisis and you had companies donate the time of their 3D printers in Houston and other cities to quickly make masks and other things that people needed using 3D printing. Now, 3D printing is widely used now in the aerospace industry. And it has a huge effect in the following way.
Take an average plane. I use the example of this [inaudible]. You used to have something like 800 or 900 parts that went into that engine. Now they 3D print it. Eight parts. Now, why does that matter for environment? When people say, “Well 3D printing uses more electricity,” and that’s true, but, and there’s the but, if you have 800 or 900 parts being manufactured for an engine and you have a complex supply chain and those parts are being manufactured in different places, you have to ship them to the factory that’s going to assemble the engine. And that takes a lot of oil.
Academics have studied that and they say, again, just shifting to 3D printing can reduce oil transportation use for goods by up to 30%. So a lot of these technologies have really powerful applications, but it’s how you use it. If you’re jumping into an Uber all the time because you don’t want to park your own car, or maybe you’re a person who lives in a city, you don’t even have a car. Sadly, what the research had shown prior to the crisis was that a lot of people were taking Uber instead of going into the subway. And therefore, that was making things worse. You had all these gasoline cars cruising around, looking for rides, and a lot of congestion, which wastes fuel, as you had all these Uber trips stopping and going, and delivery van stopping and going, a lot of congestion in cities. And so that was making the problem worse. So it’s really about not only the technology itself. I tell people the technology itself is agnostic. It’s how we use the technology, whether it’s going to give us a positive result or a negative result.
Andy Lebow: I want to say that you have been talking about 3D printing I think even before it was even invented. It’s something that I know is very close to your heart and that’s an amazing stat you threw out, because 30% of transport demand, we’re talking about-
Amy Jaffe: It’s big.
Andy Lebow: Yeah. I mean, we’re talking about multiple million barrels a day of global demand. That’s a big number.
Amy Jaffe: [crosstalk] materializes. And the interesting thing is, if you think about the trade war of recent years, companies really have the incentive now to shrink their supply chain. So not having all their supplies come from one part of the world where they have to worry about the pandemic risk, someone might close down factory somewhere and they’ll lose their supplies. And so you’re having this pressure to shorten the supply chain. And indeed, last year in 2020, maritime trade was down almost 5%. So, that’s one thing.
And then the question is, when will it hit the retail? So maybe we’re a little far away from that. But one of the stories I tell in the book is I went to the place where they 3D print Adidas sneakers. And someday you are literally going to be able to print your own sneakers in your house, or you’re going to be able to go to a retail outlet and tell them what you want for a custom sneaker. And they’re going to measure your foot by computer, by taking a picture of your foot, and then they’re going to print out your sneakers.
And I don’t know how to share the image of what this looks like. You’re standing in front of this little machine. It almost looks like a office watercooler or coffee maker, and there’s a little compartment, and it’s open, and then a plastic window shuts over this compartment. And then the guide pushes the button from his computer, which has the design for the base of the sneaker. And I don’t know how to describe it to you. It’s like goop comes out into this window, magically, and three minutes later, it’s the bottom of the sneaker.
Andy Lebow: Come on.
Amy Jaffe: It’s hard to describe it because it’s additive. That’s what they call it, additive manufacturing. So it just piles up the material that you’re going to make the sneaker out of, one little layer at a time. It really looked like we were in a Walt Disney movie, like abracadabra. In Europe and other places, they have experimented with 3D printing homes and buildings. As I said, we’re 3D printing jet engines.
So it’s really just mind blowing to think about what could happen someday. And you could imagine you’d be sitting in your house and you’d say, “Geez, I’m noticing that my seven year old’s sneakers look a little too small now, and you and he or she would just sit down at the computer and you would design the sneaker you want, and then push a button on your home 3D printer, and the sneakers would be there.
Now, here’s the big thing when you’re talking about sustainability. If you print the sneakers and then a week later, you don’t like them and you print another pair and you keep printing and printing and printing sneakers and throwing them away, that would be a bad thing. So again, same thing, double-edged sword here on the 3D printing.
But if you think about American competitiveness, you don’t have to have a hundred people to sell the sneakers together if you’re going to 3D print it. So it’s really going to change the relationship between the global south and industrial countries like the United States, because they’re going to be items, whether that’s industrial items or heavy industrial items, maybe first, but then later retail products that the United States is going to be competitive in again, because we’re going to use these advanced manufacturing techniques and robotics. And they won’t necessarily create the kind of manufacturing jobs we think about from 10 years ago that moved to a China or an India or a Vietnam, but they’re going to create different kinds of jobs. And so it’s hard to even think through how that’s going to change society and how that’s going to change what we do.
Andy Lebow: Well, that leads us really nicely into the next area that I wanted to talk about. And one of the strengths that you bring to your analysis, and is key to why I think this book is so important, is your background in the geopolitical area. You write a lot about how the digital future will challenge geopolitical norms, particularly when it comes to China. There’s a chapter about China in the book, which is really terrific, Amy. Can you elaborate a little bit and talk about how you see the geopolitics playing out in the new digital world?
Amy Jaffe: Well, I think the first thing about the digital world, which we learned what the attack along the pipelines. So Colonial pipeline had moved to automated digital systems, both for billing and for the operation of the pipeline. So in the old days, there literally were human beings who would turn valves on and off to make deliveries from the pipeline. And of course, that’s all automated now, but that increases the surface area where some ransomware attack or some other attack could take place and try to override these automated or digital systems.
So the first thing that’s changed geopolitically is that the country that’s going to be the most powerful in the world is not necessarily going to be the country that has the largest army or the biggest navy per se. But you’re going to have to be superior in this digital cyber space, both on the defensive and the offensive, just to create a new d’etat to discourage people from cyber attacking you.
And then the flip side is, which I go into in the book, how China uses some of these technologies is different than the way these technologies should be used in a democracy. And therefore, the United States really needs to take a leading role, not only in the developing the technologies themselves, because that’s good for the US economy, and good for jobs, and good for our own competitive position economically. But we have to consider to be leading in the world to avoid what the Biden administration has termed as a digital authoritarianism, which is a great way of summarizing it.
So in China, you have the system where, here in America your credit card rating is based on your ability to pay your bills. You get credit initially from having an income and showing that you pay your bills regularly, and then you build up your credit over time. It can be a little difficult for a young person starting out or for a person who starts out with a lower paying job. But ultimately, the system is based on how you pay your bills.
In China it’s a social rating system. So how you pay your bills is part of it, but more importantly, the Chinese look at who are you connected with on social media? What do you do in your daily life? Are you a good citizen in the community where you live? Are you a responsible worker in your job? And they have facial recognition software all over the country. So you can imagine that if you were to go and participate in a protest somewhere, and facial recognition captured you, then your social rating would go down. And if you did other things that the government didn’t like, your social rating would go down.
And so it’s like a control mechanism for repression, and indeed, if the Chinese government decides it doesn’t like what you’re doing, what you’re saying, someday that could be even more frightening because you could be speaking at home if you had Alexa, and you were giving her instructions, she’s taping you, then they’re going to know what you’re even saying in the privacy of your own home/ It gets very 1984ish very quickly. My allusion to the novel.
So the problem is that not only is that a big problem in China where just people’s freedoms are highly repressed by the use of these digital means, and you get on the low social credit rating score in China, you might not be able to buy a house. You might not be able to get a job. The consequences of it are quite severe.
But the flip side is, they’re exporting that technology and know how to other countries that want to be, or are authoritarian, for how they can use it. And the real danger is, honestly, which we’re seeing is, what if some foreign adversary decides that it’s going to put surveillance on Americans, and Americans living abroad, or maybe even Americans in the United States, and they’re going to use that surveillance to do harm to Americans, to try to either suppress their free speech or worse.
I mean, there was a story in the paper a week or two ago about someone who had a hacking glitch. In other words, they weren’t hacked, they had just a software glitch in their Tesla, and it took three hours to get them from being … They were locked in their car by accident and they couldn’t get out of their car, even though they were in the car and they had the ignition. So they were unable to unlock their car.
So you can imagine if we’re, someday soon, going to go to robot taxis, which they’re already using in Arizona, that are going to pick you up. There’s no driver, there’s no steering wheel. You’re just in the back seat of this machine. And it’s digitally programed because you pushed a button in your phone that said you wanted to go to a certain place. Well what if the government of Russia decides they don’t want you to go to that place? We have to know that that won’t happen. And part of knowing that won’t happen is for the United States to stand up and have not only superior technology, and superior encryption, and superior privacy, as superior cyber defense. It’s also about showing the world how these technologies need to be regulated to make them safe for freedom of expression, for our democratic values, and for safety, and for environmental performance.
Andy Lebow: Which is a huge challenge, right? Just a huge challenge.
Amy Jaffe: Well, there are 16 bills this week, or 17 bills, in front of the US Congress today on this subject of privacy and cyber. At least we’re starting to focus on it, but we’re nowhere near a solution.
Andy Lebow: Yeah, finally starting to focus on it. All right. I want to move on to an area that both of are very familiar with. We both came up from not the petroleum area, the less than sunny side of the street. You’ve turned green, Amy. We’re still doing petroleum analysis at CRG. But I know you follow the markets very carefully. And what I wanted to talk about, really, and you talked about it in the book, you write about energy investor dystopia. And I wanted to ask you, what does that mean, particularly vis-a-vis the majors. And I also want to talk about OPEC. And if you were advising OPEC right now, would you tell them to play the short, high price game that they’re playing right now, or concentrate on the longer game and start liquidating their reserves right now, actually. So if you could talk about those two things, that would be great.
Amy Jaffe: Well, so the first thing that I think we’re seeing already is, as investors start thinking about what we call transition risk or climate risk. So I’m going to own stocks and bonds, and let’s say, we’re talking about my pension funds, so I’m not just a day trader, like some of your firm’s clients. Say, I’m just in for the long haul, I’m going to have my portfolio, and I’m going to hold it for 20 or 30 years and have it provide a return. Investors have become concerned about whether or not the different energy companies, do they have a forward looking capital deployment strategy that is such that’s going to continue to yield return over time. And they’re not going to be left with unmonetizeable assets.
So what do I mean by that? Say I was an oil company today and I announced I’m going out tomorrow and I’m going to drill for oil in Alaska. That’s going to be very high cost oil. I have to worry about what permafrost melting would mean for my physical facilities. And it’s going to take me five or 10 years to even start my oil production, will there be demand for it as we move to a de-carbonization pathway?
So, if you’re an investor you might say to yourself, “Geez, I don’t want to be having my money, my pension money, or my long-term investment money in a company that most of his profits, or all of his profits, or some high proportion of its profits are coming from Alaska because I just don’t think that’s going to be a good investment.”
And so what you started to get was the combination effects. First, you got some groups that just said, “Listen, I’m not skilled enough to know what companies are in the Canadian oil sands, which is another very expensive place, or what companies are in the Arctic. So I’m just going to divest from oil and gas companies completely.”
And then you have other investors that are a little more sophisticated and they go to these companies and they say, “Listen, we’re thinking of dumping your stock, but we’d like to know what’s your plan. Are you aligned with the energy transition that scientists are saying we need to make? Do you have a scientific plan for how you’re going to shift your capital over time? And what are you going to do about your legacy assets?”
And as that movement has gained momentum, you’re seeing companies take serious changes to how they invest. And then you’re seeing other companies not take such serious changes and their stock price has gone way down. And so in the complex as a whole, since the Paris accord, and of course gaining some momentum now as the US policy has changed, the percentage that energy companies used to be, in value terms in the S&P 500, was about 10%. It’s maybe a little bit higher in years when energy prices were high.
Now, it’s 3%. And indeed, Exxon lost its place in the Dow industrial average. And they’re now no longer a part of that cluster. And Tesla and Apple and other companies like that have higher market capitalization than Exxon. And so we’re really seeing a changed investment profile. And that raises some questions about whether there’ll be enough capital to continue to fund oil and gas development, or whether the energy transition might be forced by the fact that people stop investing, which we’re seeing somewhat in coal in the United States and might begin to see in coal in other countries over time. Been a lot of announcements this year by banks and other institutions that they’re no longer going to lend money for coal. So we’re really in … That’s part of the energy transition is the transition on the finance side.
Now, what does that mean for OPEC? It hasn’t yet affected how investors see bonds from oil producing countries. But one would imagine that someday it might, depending on the country. And it does cause a conundrum for OPEC, as you described, because if OPEC puts the price very high today, and people say, “Geez, this is crazy. I’m going to get an electric car.” Or, “This is crazy. I’m not going to spend that on gasoline. I’m just going to have Amazon deliver that to my house.”
You start to get to a picture where we know how we would eliminate oil demand, clearly, in ways that are not as inconvenient as they used to be. It may be in ways we might’ve been inclined to do anyway. And so the effect on OPEC of letting its price be high is that you’re going to get a demand correction faster than you might’ve otherwise. So then I asked the question, “Well, geez, does that mean that like OPEC should keep the price low?” We have two problems.
Problem number one is the OPEC countries basically need the money. So that’s uncomfortable to keep the price low. And then the second problem is, to the extent that you’re an OPEC country and you want to take a forward looking view of your own future, you might want to be thinking about how you’re going to pivot your economy to be less dependent on oil revenue. And then having low revenue to reinvest is also a problem. So today would not be an easy time to be a policymaker in a petro state because the choices are very challenging.
Andy Lebow: Amy, you know what? On that note, we have reached the end of our podcast. Again, I want to say that the book is terrific. The name of the book is Energy’s Digital Future by Amy Jaffe. It’s available on Amazon and Barnes and Noble. And of course, Commodity Research Group can be reached on commodityresearchgroup.com, and Jim and I will be having our usual fundamental discussion coming up. Amy, I really can’t thank you enough. This has been a great discussion, and you’ve given our listeners a lot to think about. So again, thank you very much.
Amy Jaffe: Thanks for having me.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Energy’s Digital Future: A Discussion with Amy Myers Jaffe appeared first on EKT Interactive.
Thanks for listening to the SPE-GCS Podcast Channel on the EKT Interactive Oil and Gas Podcast Network.
In this 4-minute episode, we are pleased to introduce and welcome our a new podcast partner, SPE Gulf Coast Section an international volunteer nonprofit organization that has many sections all over the world. In this podcast, we have Simeon Eburi, the 2020-2021 SPE-GCS Chair in Houston. He gives us a brief overview of his background and an introduction to the SPE-GCS podcast on the EKTi Interactive Oil and Gas Podcast Network.
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Marty Stetzer: Hi everyone, and welcome. I’m Marty Stetzer, president of EKT Interactive in Houston. We are the podcast sponsor with the Society of Petroleum Engineers – Gulf Coast Section, commonly called the SPEGCS.
Today we are pleased to introduce The SPE-GCS Podcast series to our audience of over 10,000 EKTi listeners with Simeon Eburi, the 2020-2021 SPE-GCS Chair in Houston. Simeon, happy to have you with us.
Simeon Eburi: Happy to be here, Marty, and we’re happy to have EKTI as a sponsor and host of some of our podcast episodes.
Marty Stetzer: Simeon, before we start, could you tell our listeners your background?
Simeon Eburi: Sure. As you mentioned, I am the 2020-2021 SPE-GCS chair but, professionally, I work for Chevron as an Exploration and New Ventures Petroleum Engineer in the Global Frontier Exploration and Appraisal group. I have experience in Production Engineering, Reservoir Engineering, Reservoir Simulation, Decision and Economic analysis, Heavy Oil Production Operations, Unconventional Resources and Deepwater Green Field Concept Development Planning.
Marty Stetzer: This is Terrific. Can you tell our listeners about the SPE?
Simeon Eburi: The SPE is the professional society for energy professionals. SPE gives its more than 140,000 global members unparalleled insights, shared expertise, life-long learning and community strength to fuel the success of our members and the future of the industry. You can find more information about the professional society offerings at SPE.org. Within SPE, you can be affiliated with your local section like the Gulf Coast Section and actively participate in local events. Visit spegcs.org for section information.
Marty Stetzer: This is great. Now can you tell us what prompted The SPE-GCS Podcast series and what the listeners can expect to hear?
Simeon Eburi: Yes, thank you Marty. The SPE-GCS Podcast was launched as an additional avenue to help support the mission of SPE, which is to collect, disseminate and exchange technical knowledge related to the industry and provide opportunities for our members to enhance their technical and professional competence. In the podcast series you can hear from SPE leaders and technical experts covering global topics like
- the future of the energy industry in transition,
- leadership and soft skills, and
- technical topics in the more traditional oil and gas space.
There's a little bit for everyone.
Marty Stetzer: Terrific. The podcast series seem to have great diversity of topics. Finally, who can join SPE and how can our listeners join if interested?
Simeon Eburi: SPE is a place for all today's energy industry professionals regardless of experience or course of study. Although engineers are the core of SPE's membership, scientists, managers, and other professionals in the industry are part of the SPE community as well. You can join as a Student member or a Professional and ask to be affiliated with the Gulf Coast Section. Visit SPE.org/join for more information about member benefits or to join.
Marty Stetzer: Any further thoughts for our community of EKTi listeners?
Simeon Eburi: Thank you again to EKTI for sponsoring and helping launch The SPE-GCS Podcast. I encourage the EKTi listeners to listen to our podcast series and share some feedback. I would also encourage the listeners to consider joining SPE if they are not members already.
Marty Stetzer: Thanks to you for the opportunity Simeon. Enjoyed every minute of it!
We hope for continued success with the SPEGCS podcast initiative.
If you want to learn more about the SPE Gulf Coast Section, go to www.spegcs.org. You can access recorded webinars in the on-demand library and contribute to the Scholarship Endowment Fund (SEF).
If you are not an SPE member and would like to join, visit www.SPE.org/join and enjoy all the SPE membership benefits.
About the Experts
Simeon Eburi
Simeon Eburi is a frontier exploration and new ventures petroleum engineer with Chevron, responsible for generating conceptual field development for exploration and business development opportunities. He has spent much of his professional life with Chevron: production operations supervisor in Bakersfield, California; decision and economic analyst/advisor for deep water US Gulf of Mexico exploration; and production engineer in Oklahoma.
He is the chairperson of the SPE Gulf Coast Section (GCS) Board of Directors and received the SPE Gulf Coast North America Regional Young Member Outstanding Service Award in 2019. He has received multiple SPE-GCS awards, including SPE Houston Young Engineer of the Year and Young Members Outstanding Service award, and has served in a variety of SPE board positions. He has been elected to the 2022 SPE North America Regional Director position.
Mr. Eburi holds BS and MSc degrees in petroleum engineering from Texas Tech University.
Marty Stetzer
President of EKTinteractive in Houston; and producer for Oil-101, our popular, 10-part, mobile-ready series on “How the industry works, covering upstream, midstream and downstream operations fundamentals.
In parallel with a 25-year career oil and gas career, Marty has spent 15 years providing custom blended and e-learning training programs to a variety of technical audiences.
He has global upstream and downstream operations management experience with Schlumberger, Superior Oil-Mobil, Wilson Industries and Exxon, and led the downstream supply chain practice at PwC.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Links:
SPE-GCS
SPE-GCS Scholarship Endowment Fund
The SPE-GCS Podcast
Sponsors:
The SPE-GCS Podcast
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Introduction to the SPE-GCS Podcast Series with Simeon Eburi appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post June 2021 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post May 2021 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
*Improving Drilling Scheduling with Owen Plowman of Actenum*
In this episode our topic is How improving drilling scheduling can benefit operational performance – more importantly, how not to miss your targets.
We’re really happy to learn more about improving operational performance at this time of unprecedented challenges in our industry – answering questions like:
- What are the challenges as operators manage their drilling program schedules?
- Operationally, this must be particularly applicable to shale plays steep decline curves, multi-pad drilling, huge volumes of water and sand, and the frack crews. True?
- Can you share case studies where operators have seen payoffs by improving schedules?
- Who needs to be involved with this process to achieve some of these efficiencies?
- What are some unique capabilities of the Actenum scheduling software application?
Relevant Links:
Drill Down Oil and Gas Podcast
EKTi Oil-101 Introduction to Upstream
About the Experts
Owen Plowman
Owen Plowman – Vice President of Business Development at Actenum Corporation. His role is to merge his software technical skills and knowledge of the oil and gas industry to advance Actenum's product capabilities and address customer challenges.
Prior to joining Actenum in 2006, he spent 14 years at Oracle Corporation Canada, Inc., managing sales consulting, technical support, marketing, and professional services.
Owen has worked in the IT industry for almost 41 years: he began his career writing commercial software in 1979. After completing degrees in molecular biology and computer science, he joined Meta Systems Canada (a software start-up), where he led development efforts and consulted on projects for Canadian and US government agencies and defense contractors.
Mr. Plowman holds a BS in Biology and an MSc in Computation from McMaster University.
Marty Stetzer
In parallel with his 25-year energy career, Marty has over 15 years experience in providing custom digital training programs to a variety of oil and gas technical audiences – like EKT Interactive Oil 101.
Marty has been a consultant to U.S. and international oil and gas
companies since 1986, including 13 years with PriceWaterhouseCoopers.
He has 18 years management experience with Schlumberger, Superior Oil-Mobil, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Transcript:
Marty:
Hi, everyone and welcome to Drill Down, our podcast channel that routinely brings you new insights on oil and gas operations. I’m Marty Stetzer, President of EKT Interactive in Houston, and I will be your host today.
Our topic is How improving drilling scheduling can benefit operational performance, and, more importantly, how not to miss your targets. And I’ll be speaking with Mr. Owen , VP Business Development at Actenum Corporation in Vancouver. Owen has over 40 years of developing software applications for the oil and gas industry.
We’re really happy to have his input on this topic at this time of unprecedented developments in our industry. Owen thanks so much for taking the time today.
Owen:
Hi, Marty. It’s great to be here.
Marty:
Owen, as an industry and IT veteran, can you give our listeners your background as it relates to today’s topic?
Owen:
Sure. As you mentioned, I’ve been in the industry for 40 years, a little over 40 years now actually, and I come from a computer science background that’s what I studied in university. My perspective has been shaped by my experiences. I came out of my master’s degree, and I spent eight years working mostly in the defense sector with a small software company.
And then I went to work for Oracle and I was there for 14 years. And of course, Oracle is a gigantic software corporation and it was a really interesting ride. I spent most of my time working in the finance sector and federal and local government.
And then I went to Actenum, where I’ve been for about 16 years, and I’ve worked with oil and gas customers of all different sizes global customers, national oil companies, super majors, and all the way down to small US independents.
My perspective has been shaped by that experience and, of course, by what my company does, which is scheduling in the upstream world. The thing that I’m always interested in, my major interests, besides my job objectives are, and I’ve done this right from the get-go, why initiatives are successful and why initiatives fail and what lessons may be learned from that.
That’s really what shaped my perspective and led to me getting where I am today.
Marty:
So let’s get started, Owen. What are the challenges as operators manage their drilling program schedules these days?
Owen:
Well, I think that the major challenge is the understanding of what a schedule actually provides to an organization. When you’re an operator, you can think of the schedule as a way of figuring out when a particular rig is going to be spudding a well, or when is a well going to be tied in.
What you’re thinking about there is really just resources, activities, and dates. And what you should be thinking about and what is starting to happen in the industry is that you think about the schedule as an operational model of your organization.
When you start looking at the schedule that way as a model of your operations and the effectiveness of your operations, then you start asking a lot of interesting questions which are material to your performance.
How efficiently are we using our rigs and frack crews? What’s the average cycle time and is there anything we can do to reduce it? That is the time between spudding a well and tying it into production. What is the production that we’re expecting to achieve over a particular period of time, like the next two quarters or the next year? How much is all that going to cost?
And more importantly, questions about how you might change your operations to be more efficient and more effective. What if we added a rig in the fourth quarter? What if we added a frack crew in the second quarter? What if we changed the way that we were drilling and we tried to use more efficient rigs, what would that cost and what would the payoffs be? Those are all really important questions and good questions.
And the challenges that I see right now are that some organizations are not positioned for success in that kind of thinking, because they’re using what I call traditional tools or 1990s technology. They’re working with manual spreadsheets. Microsoft Excel is the one that comes to mind. It’s probably the biggest… When people say, who is your competitor? I always say it’s usually Microsoft Excel. They use project management tools from the 1990s, like Project and Primavera, and those are not really oriented to really exemplify the model of upstream operations.
It’s very difficult for people to get the answers to questions that they ask, when they’re using those kinds of tools. You need to think about integrating your operations and bringing all of your upstream disciplines together in one schedule application. So that you’re not only thinking about what’s happening in drilling you’re looking at the whole range of operations from pre-spot drilling, completions tie in, or through workovers, even sometimes down to plugging and abandonment. Those kinds of things are quite difficult using traditional tools, but it’s what people are focusing on even more and more as we speak.
It’s been, probably a change has been going on since about 2012, and now we hear about it all the time from companies that contact us. It’s something that they’re really starting to think about, because obviously the industry has gone through some horrific downturns and everybody’s trying to figure out how to be more efficient and do more with less.
Marty:
And again Owen, from an operational standpoint, this must be particularly applicable to the shale plays steep decline curves, multi pad drilling, huge volumes of water and sand, and in the frack crews. I guess that’s another perspective that the operators have.
Owen:
This is exactly what led to the change that I mentioned just now that’s been going on since 2012. I would visit Houston a lot in the late first decade, so 2008-2009, and I would show our software to people. And they would go, “Oh, that’s quite interesting,” but nothing would ever come out of it. They wouldn’t adopt it, because they figured, we’re getting stuff out of the ground. Price is good. Who cares about a little bit of efficiency gain here and there? They weren’t drilling that many wells.
I started visiting Houston again in 2012, basically once a month, and it was crazy because it’s all many more wells, lots of resources, all these moving parts, much higher level of coordination among operations, things to worry about like frack materials, drilling materials, and so on. Everything has to be coordinated. Some things have long lead times, so you really have to have a handle on when you need certain kinds of bits, for example. All that stuff that’s coming out of the unconventional, I think, has been leading to the push for higher efficiency and better scheduling.
Marty:
What have you seen are some of the payoffs for improving schedules? Can you share some case studies with our group?
Owen:
Sure. Without revealing any names, I can tell you about some interesting ones. We had one recently in the last couple of months where I heard that one of our customers was receiving a CIO award. I was kind of intrigued. So I phoned him up and said, “Well, what’s happening? How come you’re getting this award?” The two reasons are that using our software, they were able to save a thousand person hours of scheduler's time over the course of the year. And that’s because our software automates much of the functions that they would do on a day-to-day basis.
Changing the durations of activities and moving activities around in time that saw routine with our software and it takes minutes. We heard that using alternative tools, it might take up to a week to get the schedule in sync because of the changes that occur in the operational world.
These guys saved a thousand person hours of schedulers' time. And because they could use the software to look at the schedule from different perspectives, they weren’t stuck just looking at what the resources were doing. They were able to look at what was actually happening with individual wells and multi-well pads.
They could actually look at the cycle time, and they were able to shave some of the cycle time off and remove the white space from the Gantt chart, so activities move closer in time, and that saved them $30 million.
That’s why they are getting that award.
Other things that we’ve seen, we were working with a US company about four years ago, and they needed a better way to create what if scenarios. They were trying to maximize the drilling budget, and they were running all these scenarios with monthly production forecast to figure out what mix of rigs and frack crews should we really have as we go forward.
That process used to take them five engineers, and two weeks of time, because they were working with manual process, manual tools. And using our software, they were able to get the forecast that they wanted with two engineers in one day. So that was a very significant change for them.
Going back about 15 years, one of the first things that we saw with our software was the problem of optimizing rig scheduling to minimize unnecessary travel. We worked with a very large national oil company. They had a lot of situations in their schedule like this.
You’d have a couple of rigs. They would be about a hundred kilometers apart, and then they would both move and each one would go within about 10 kilometers of the other one’s starting point, right? They would actually pass each other on the road. What they really needed to do was to move one rig 5 or 10 kilometers to the next well site. And instead, they were bringing in this other rig and making it move a hundred kilometers.
The problem there is you’ve got a lot of unnecessary move time that you’re paying for, and you’ve got a lot of time wasted trying to get to first oil, because obviously drilling is delayed because of this gigantic move. So within three months of using our software because we geo-and tag everything, all our locations and all our resources they were able to get $5 million in savings and reduce the average time from spud to first oil.
Those kinds of things are what we’ve seen. Another big area is in what we call schedule conflicts.
We were working with an operator and they had the drilling people use one scheduling tool and the completions people use a completely different tool, have a completely different schedule, and then they tried to keep them in sync.
And they kept running into these what we call schedule conflicts where, for example, the completions team would show up to complete a well and they would discover that it was still being drilled and that the rig was not going to be freed until about four or five days later. So then what do they do? Sit around and do nothing, and that’s costing the company money.
They would also have a situation sometimes where a completion crew would show up and the pad would be totally empty. The pad had been built, but there was nothing actually on it. There wasn’t even any drilling scheduled, and it wasn’t scheduled to occur for some months.
What we were able to do… They were running into this five or six times a year, I think. We were able to get them down to about one time per year. And each occurrence that we were able to eliminate, they estimated it would cost about $1.4 million in people’s time.
That doesn’t count the time for the completion crews or whoever to sit around and do nothing or be redeployed, but just to resolve that kind of conflict was taking $1.4 million in people’s time. So that savings went right to their bottom line. Those are some of the benefits that people have seen.
Marty:
Owen, that is really impressive. But how do you pull this off? I’m hearing drilling. I’m hearing completions. I’m hearing stimulation. Of course, the associated service companies. I’m hearing production Who’s involved with this process to try to achieve some of these efficiencies?
Owen:
We could do a whole other talk about that, about what I’ve seen in terms of performance improvement initiatives but I think that the process of gaining these efficiencies requires what I would call an integrated well delivery framework, which is structured to provide the entire organization and all of the disciplines involved with data that they need and with measures that they need to understand so that they can determine whether they’re being really effective.
You bring together all the disciplines from G&G, reservoir planning, drilling, completions, workovers, and so on. All the execution, and you can actually use the scheduling platform as a mechanism to have everybody collaborate and gain feedback and pass that feedback between all disciplines. And that leads to enhanced performance.
What you need there is access to the data on demand that is required by each individual across the whole set of disciplines, elimination of the territorial behavior that sometimes we see between the disciplines where people won’t share their data, and sustained involvement of management and a commitment to change things. Now, that can be a lot for an operator to chew on all at once, but you can gain significant value from executing any one of those things.
Of course, I come from a company that sells scheduling software, so my initial reaction would always be, well, buy our software and it’ll make everything better for you. But you don’t have to do that. You really have to think about change management, because the people will make or break the performance improvement initiative, and what you need to do in your organization just to make sure that you’re positioned for success and improvement over the long haul.
Marty:
Speaking of performance improvement, I’ve spent time at Schlumberger and what you’re describing sounds to me like some of the more successful field development planning projects that we executed with the cross-functional, cross-discipline folks finally getting in the same room and working together. Is that another good analogy?
Owen:
Marty, it’s a very, very good analogy. We’ve actually had projects fail, particularly in some national oil companies where disciplines won’t share their data. We were trying to help an organization once improve its whole drilling program and bring better scheduling into place. They were very keen on optimizing their schedule and aligning it with targets, right? One of the targets that they wanted to work on was production. How do we assemble our rig resources and what wells do we drill to achieve a certain production level over a year or over half a year?
Well, they couldn’t get the production data because that was handled by a totally different discipline, and the VP would not allow that data to go outside the discipline. I heard this and I shook my head, and I called my contact up and said, “Well, what do you mean? Why doesn’t your drilling VP talk to that production VP and just say outline the reasons why we need that data?” Tried it. Doesn’t work.
You simply can’t have that behavior in an organization that’s trying to improve performance.
There needs to be some kind of management intervention at a higher level there which says, “This is what we’re doing. Get on the train and let’s all move forward together.” That’s the kind of thing that needs to be in place.
Marty:
Owen, in addition to being a cross-functional application, is there any other special items about your scheduling application that you’d like to talk over with us?
Owen:
I think the traditional tools that I’ve mentioned earlier, like Excel, Project, and Primavera, those are not specific to oil and gas, obviously. I mean, Excel is a general purpose spreadsheet and Project and Primavera are project management tools, but they don’t care whether you’re managing development of a nuclear power plant or building a bridge. There’s no well-based model in those applications. They don’t understand anything about production.
They don’t understand anything about well locations surface hole, bottom hole, geographic orientation, whether the well is vertical, multi-lateral, horizontal.
They don’t know anything about interference that may occur between wells. You’re deciding on fracking a particular well or drilling a particular well and what you find is that you’re in the zone of interference for a producing well. And if you carry on, you’re going to have an impact on the production and what may be even worse is that it’s somebody else’s well and not yours, and then you’re going to have to pay them some kind of penalty.
What our software incorporates is a very comprehensive well model that has been developed over the 16 years that we’ve been doing this, developed in conjunction with customers. It captures all of the relevant data that a customer would want not all of which has to be used. Some small operators won’t care about some of the data items that they could populate, but it’s specifically designed for well delivery operations, so taking a well from concept all the way through to actually putting it online and getting production out of it.
Marty:
With your application and the drive for efficiency, are there some other industry trends that you’re seeing in managing upstream operations?
Owen:
I think besides the increased thinking about efficiency and what can be done operationally to achieve that efficiency, we’re seeing more integration of operations.
We used to show up and customers would say, “Here’s my schedule, and it’s just rigs and completion crews and dates for doing activities, and these are the well names.” What we’re seeing now is increased sophistication on the part of the operators. Even if they’re using traditional tools, they’re trying to align multiple spreadsheets, so they’re tracking production in one spreadsheet and they’ve got the schedule in the other.
We’re seeing much more sophistication and increased appreciation of why that’s important. That’s one thing that we’re seeing.
More integration of different functions, people are bringing together the pre-spud activities, the drilling completions, facilities pipeline, and so on, and workovers.
We’re seeing increased interest in deployment in the cloud. Six or so years ago, I went to all of our customers in the US and I started asking about cloud deployments, and every single organization said, “Not on our radar. We have no use for cloud. Not something we’re interested in.”
Two years ago, I went back and revisited that question and every single customer said, “Cloud is definitely part of our strategy moving forward with our IT applications.” We have the ability to deploy locally or in a cloud. That’s been available for a couple of years now.
I think there is an increased interest in bringing some of the field development planning capabilities into the same tool as the execution scheduling function.
Development planning is looking at aspects of the operations saying, “I’ve got a billion dollars to spend in a year. Where am I going to drill my wells? What do I need to do about my gathering network? What do I need in terms of resources, and so on, and how am I going to spend that billion dollars wisely?”
And what comes out of that plan, it’s the step before you get into the execution scheduling usually. And then the question is, so what resources do I need to mobilize to make that plan a reality and execute it over the next 18 months or whatever?
And currently, the situation is that those functions are generally done by different tools. Sometimes spreadsheets are used for both, but there has to be some sort of linkage between them. One of the things that we’re working on and we’re doing that as a result of some questions being asked by our customers – is how can you bring those two functions together in one application so I have seamless integration between my plan and my schedule? Because, of course, the plan may change.
If you go out and start drilling some wells and you discover certain things that lead to the G&G people thinking about the reservoir and that translating across all the disciplines and changing the plan, you need to be able to put a sort of feedback loop in process between those disciplines that goes very rapidly. Seamless integration across planning and execution scheduling is really important. That’s something we’re working on and we’ve had some initial successes with that. We’ve been working on that for about four or five month.
Marty:
Owen, that was terrific. Thanks so much for your insights. This will surely be valuable to your audience and our own community of 10,000 thousand EKT Interactive followers.
Thanks to everyone for listening. Our company name, EKT Interactive, stands for Energy Knowledge Transfer. We digitally capture the extensive knowledge of industry experts like Owen.
If you are an analytics expert or an IT professional that is new to oil and gas and want to quickly learn how this industry works, check out our digital on-demand oil and gas training series at www.ektinteractive.com.
Thanks again.
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Improving Drilling Scheduling with Owen Plowman of Actenum appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post April 2021 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post March 2021 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post February 2021 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post January 2021 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About The Schork Group, Inc.
The Schork Group is the energy industry’s foremost provider of price range forecasting and objective market analysis. Professionals in the global energy arena rely on The Schork Group’s research notes and advisory services to improve their economic performance while managing risk.
Using proprietary probabilistic modeling and volatility calculations, the Schork Volatility Based Cones (SVBC) illustrate statistically significant points at which trading/hedging is recommended. These visual representations identify opportunities at which fundamental and technical indicators signal deviations from historical norms.
The Schork Report, the company's core research note, is the industry’s leading briefing tool that highlights key metrics of import to the energy markets. Subscribers to The Schork Report represent a broad cross-section of the largest and most influential energy producers, marketers, traders, financial institutions, hedge funds, and end-users in the world.
The Power & Natural Gas Weekly Regional Report employs The Schork Group’s proprietary probabilistic models to present 6-year forward price range forecasts.
The Ibis Energy Briefs deliver high-value market intelligence to fuel wholesalers, distributors, retailers, and end-users to optimize their buying/selling strategies. Each issue presents The Schork Group’s proprietary price range forecasts, fundamental, quantitative, and overall bias analysis, talking points, and specific hedging/trading recommendations.
About the Experts
Stephen Schork
In 2005, Stephen Schork launched The Schork Group, Inc. a publishing and advisory firm that provides independent fundamental and quantitative analysis of the energy markets, with special emphasis on the impact of geopolitical events on price volatility.
Formerly a proprietary floor trader (Local) in the New York Mercantile Exchange's energy complex, Stephen Schork has more than 30 years' experience in physical commodity and derivatives trading, risk systems modeling, and structured commodity finance.
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Natural Gas with special guest Stephen Schork – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post November 2020 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post October 2020 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
What is Downstream?
In this episode of the Oil 101 podcast series, we will discuss the fundamentals of the Downstream segment of the oil and gas industry. Key Downstream business sectors include refining, supply and trading, and marketing.
In this 8-minute podcast, we will discuss:
- What is Downstream?
- Characteristics of the Downstream segment of the oil and gas industry
- Refining and characteristics of crude oil
- Some participants in Downstream
- Consumption – the final link in the value chain
- The current global energy mix
- Marketing and retail
Listen to Midstream 101 below…
Thanks for listening to the EKT Interactive Oil and Gas Podcast Network.
Related Resources:
What is Upstream?
What is Midstream?
What is Downstream?
What is Refining?
What is Petroleum?
What is the difference between Upstream and Downstream?
Drilling Wells for Oil and Gas and Offshore Drilling
Oil 101
Transcript:
Hi, and welcome to Oil 101, the podcast. My name is Doug Stetzer and I'm content and community manager for EKT Interactive.
This content is taken from our Fundamentals of Downstream ebook which is available in our free members content library. If you missed our previous episodes on upstream, and midstream, be sure to go check those out.
So, What is Downstream?
Processing, transporting and selling refined products is the business of the downstream segment of the oil and gas industry.
Key downstream business sectors include:
- Oil Refining
- Supply and Trading
- Product Marketing and Retail
The downstream industry provides thousands of petroleum products to end-user customers around the globe. Many products are familiar such as gasoline, diesel, jet fuel, heating oil and asphalt for roads. Others are not as familiar such as lubricants, synthetic rubber, plastics, fertilizers and pesticides.
Business Characteristics of the Downstream Segment
The downstream segment is a margin business. Margin is defined as the difference between the price realized for the products produced from the crude oil and the cost of the crude oil delivered to the refinery.
Although the price of crude sets the absolute level of product prices, it may or may not affect refining or marketing margins.
Downstream margins tend to be reduced, or squeezed, when crude price increases can not be recovered in the marketplace. On the other hand, margins tend to hold, or even increase, when crude prices drop and the marketplace more slowly adjusts to these lower crude prices.
The downstream segment includes complex and diverse activities including manufacturing, petrochemical refining, distribution, and retail.
A global perspective is important because of the global nature of the energy supply chain as well as the impact of supply and demand on both feedstock and product prices.
Crude oils are not uniform, but rather are mixtures of thousands of different compounds called hydrocarbons. Each component of each compound has its own size, weight, and boiling temperature
Lets talk about refining.
Refineries process crude oil into a variety of useful products through a number of different processing units using heat and pressure to separate the products. The resulting petroleum products are often classified as light, medium, or heavy.
Light products include Liquid Petroleum Gas (or LPG), Gasoline, and Naphtha, which is used as a solvent or paint thinner.
Medium products, or what are called middle distillates, include kerosene and related jet aircraft fuels as well as diesel fuel.
Heavy products include fuel oils, lubricating oils, paraffin wax, asphalt and tar, and petroleum coke.
Who are some of the key downstream participants?
Downstream participants include refining and marketing divisions of the major integrated oil companies as well as independents.
Integrated Refiners include:
BP
ExxonMobil
Chevron
Shell
Total
Independent Refiners:
Valero
Tesoro
Sunoco
Independent refiners will often have a chain of service stations to market their products. What makes them an independent is the fact that they have no upstream E&P operations.
Consumption
The final link in the oil and gas value chain is consumption. At the end of the day, it is the end users or customers of oil and gas products that give them their ultimate value.
Globally, the most widely known crude oil product is gasoline. In addition to the well-known products of gasoline, jet fuel and diesel fuel, the downstream industry touches every consumer.
Further processing produces lubricants, waxes and specialty products, such as high quality oils for medicines and cosmetics.
Raw materials from the downstream are procured for the petrochemical industry as feedstock in the production of thousands of additional products such as synthetic rubber, plastics, nylon, polyesters for fabrics, fertilizers, antifreeze, pesticides and pharmaceuticals.
Natural gas products do not generally require more processing than was discussed in the podcast on midstream. Just to compare to the refined oil products, Natural gas products include:
Natural gas itself used in electricity generation and as fuel for home heating and cooking.
Liquefied Natural Gas (LNG) a cooled, liquefied version of natural gas used to ease shipment and storage.
Natural Gas Liquids (NGLs) which are used as raw materials in oil refining and petrochemical manufacturing.
and Compressed natural gas used as fuel for buses and commercial vehicles.
Consumption Current Global Energy Mix
Let's discuss the current global energy mix. Each region in the world has a different mix of hydrocarbon or fossil fuels needed and used to meet their total consumption.
Oil remains the leading energy source in North, South and Central America and the Middle East. Fuel products (gasoline, diesel and jet fuel) are 65% of total demand for refined products in the US and 40% of total global demand.
Alternatively, coal dominates in the Asia Pacific region while natural gas is the leading fuel in Europe and Eurasia.
As all global economies continue to expand, there will be continual balance and tradeoffs made between the fuel qualities, pricing and environmental impact of coal, oil and gas.
Marketing and Retail
Petroleum product marketing is the business of finding and supplying customers who possess either internal demand for refined fuels or distribution networks for reaching retail customers.
Direct consumers of energy products include petrochemical and industrial manufacturers, utilities, municipalities, trucking fleets, and airlines.
Other companies may possess distribution assets or brands aimed at reaching retail end users. These companies could include independent service station suppliers, motor oil products, home fuel oil supply companies, propane tank distributors, and many others.
The network of service stations, dealers, and jobber-distributors is a large franchise system similar to the fast food chains familiar to everyone. There are approximately 110,000 independent gas stations in the US.
Downstream Oil and Gas Summary
In Summary, the downstream segment of the oil and gas industry includes the refining of crude oil into consumable products and the marketing of these products to commercial or retail end users.
Downstream is a very complex, global business where profit is made from the margin between crude oil and refined products.
Gasoline, jet fuel, and diesel account for over 40% of global demand for refined products.
Thanks for listening, and we hope you've learned a few things about the downstream segment of the oil and gas industry.
Be sure to share this as you see fit, and review us on itunes if you have a chance. Your feedback really helps us improve as we move forward.
The post Oil 101 – Introduction to Downstream Oil and Gas appeared first on EKT Interactive.
Hi everyone,
We're happy to welcome back Joe Perino, a process industry veteran and a good friend, to our podcast series.
Joe will be updating his Sound Off channel – his first effort since January 2017. It will bring our listeners up to date on his new position at LMS Research, based in Boston.
Joe will be working with EKT Interactive on a new series of podcasts that talk about job opportunities in the rapidly changing energy industry.
We hope you are enjoying the expertise and insight that Joe brings to our audience, and be sure to drop any comments, questions or feedback into the comment section below.
Of course, our Oil 101 members can also reach out in the discussion forums.
Listen to the Sound Off Oil and Gas Podcast below:
Relevant Links:
LoRa Alliance
WellAware
Data Driven Production Conference
IoT Global Standards Initiative
Energistics
Oil 101 – A FREE Introduction to Oil and Gas
EKT Interactive Oil and Gas Podcast Network
The post Joe Perino Catch Up Edition 2020 appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post September 2020 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post July 2020 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post June 2020 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post May 2020 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post April 2020 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About Risked Revenue
Risked Revenue is a risk management consulting firm that provides analytical support and hedging expertise to businesses that strive for industry leading performance in their hedge programs. We assist senior staff in the development of their hedge programs by identifying appropriate and efficient hedge strategies that match hedge performance to budgetary objectives.
Risked Revenue has a 98% annual retention rate of retainer clients since inception.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Energy Markets with special guest Andy Furman from Risked Revenue – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post March 2020 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post February 2020 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post January 2020 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post December 2019 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post October 2019 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post September 2019 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post August 2019 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, Andrew Lebow and Marty Stetzer discuss oil markets and metals with Ed Meir.
About the Experts
Edward Meir
Edward Meir was named the most accurate price forecaster for base metals in 2011, 2014 and 2015 and finished second for 2013, as ranked by Metal Bulletin, a leading trade publication. Additionally, he obtained the #2 ranking for precious metals in 2014 and was third in 2013. Prior to providing research under the banner of Commodity Research Group (formerly Madison Holdings), Mr. Meir sourced nonferrous metals out of Europe, China, and Russia for a number of clients, utilizing the 9 years of trading experience he had acquired while working with UK-based trading company Trans-World Metals.
Currently, Mr. Meir's CRG has been retained by INTL FCStone as an independent research consultant for both base and precious metals. CRG provided similar services to MF Global for eight years prior to its demise in late 2011, covering the suite of energy products as well. Mr. Meir obtained his BA in Economics from Montreal's McGill University and his MBA from New York University. He is a long-standing registered principle with the National Futures Association and his firm is registered with the NFA as an independent introducing broker.
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
Marty Stetzer
Marty Stetzer is president of EKT Interactive Oil and Gas Training.
Marty has been a consultant to U.S. and international oil and gas companies since 1986, including 13 years with PriceWaterhouseCoopers.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Talkin' Oil Markets with Andy Lebow and Edward Meir June 21 2019 appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post June 2019 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, Andrew Lebow and Marty Stetzer discuss oil markets and metals with Ed Meir.
About the Experts
Edward Meir
Edward Meir was named the most accurate price forecaster for base metals in 2011, 2014 and 2015 and finished second for 2013, as ranked by Metal Bulletin, a leading trade publication. Additionally, he obtained the #2 ranking for precious metals in 2014 and was third in 2013. Prior to providing research under the banner of Commodity Research Group (formerly Madison Holdings), Mr. Meir sourced nonferrous metals out of Europe, China, and Russia for a number of clients, utilizing the 9 years of trading experience he had acquired while working with UK-based trading company Trans-World Metals.
Currently, Mr. Meir's CRG has been retained by INTL FCStone as an independent research consultant for both base and precious metals. CRG provided similar services to MF Global for eight years prior to its demise in late 2011, covering the suite of energy products as well. Mr. Meir obtained his BA in Economics from Montreal's McGill University and his MBA from New York University. He is a long-standing registered principle with the National Futures Association and his firm is registered with the NFA as an independent introducing broker.
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
Marty Stetzer
Marty Stetzer is president of EKT Interactive Oil and Gas Training.
Marty has been a consultant to U.S. and international oil and gas companies since 1986, including 13 years with PriceWaterhouseCoopers.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Talkin' Oil Markets with Andy Lebow and Edward Meir May 23 2019 appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post May 2019 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the Upstream Intelligence Channel on the EKT Interactive Oil and Gas Podcast Network.
Transcript
A 19-minute discussion with Jim Crompton, Adjunct Faculty Member at Colorado School of Mines, narrated by Marty Stetzer – President of EKTinteractive in Houston.
Jim has a long history in following IoT applications in upstream oil and gas. Today, he discusses his topic for the upcoming DDDP conference: Progress made in the last 5 years in Digital Transformation of the industry How to produce more productive barrels.
Topics for discussion:
- The Hope – the business case for what Jim calls the Digital Oilfield 2.0.
- The Hype a variety of emerging digital technologies that may have potential.
- The Current Reality – numerous pilots underway by majors and independents.
- Examples are given in field operations, artificial lift, logistics optimization, etc.
- The Challenge managing change is not often understood or well resourced.
About the Experts
Jim Crompton
“The future is already here, it is just not widely distributed yet” – William Gibson.
After six years at university, and 37 years working in the oil patch for Chevron you would have thought that Jim would have had enough.
But no Jim leads Reflections Data Consulting LLC to continue his work in data management and analytics for the Exploration and Production industry, including:
1) Improving the Data Foundation for Oil & Gas companies.
2) Advancing the capabilities of modeling and advanced analytics as applied to gaining greater insight into the performance of the digital oil field/integrated operations.
3) His other passion is mentoring the next generation workforce or digital engineers, geo-scientists and information technology professionals.
Marty Stetzer
Marty is President of EKTinteractive in Houston. He is currently producer-director for Oil-101, our popular, mobile-ready series on “How the oil & gas industry works” that covers upstream, midstream and downstream operations fundamentals.
The EKTinteractive learning community is continually updated on important topics with podcasts from industry experts.
He brings 30 years upstream and downstream management experience with Schlumberger, Superior Oil-Mobil, Wilson Industries and Exxon.
He has been a consultant to U.S. and international oil and gas and companies since 1986, including 13 years with PriceWaterhouseCoopers.
Like many of his team, Marty is active in the SPE and often presents at industry forums.
Relevant Links:
OnePetro – SPE
Upstream Intelligence
Jim Crompton on Linkedin
Email Jim
World Oil
Oil & Gas Journal
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post 2019 Digital Transformation Challenges in Oil & Gas – with Jim Crompton appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, Andrew Lebow and Marty Stetzer discuss oil markets and metals with Ed Meir.
About the Experts
Edward Meir
Edward Meir was named the most accurate price forecaster for base metals in 2011, 2014 and 2015 and finished second for 2013, as ranked by Metal Bulletin, a leading trade publication. Additionally, he obtained the #2 ranking for precious metals in 2014 and was third in 2013. Prior to providing research under the banner of Commodity Research Group (formerly Madison Holdings), Mr. Meir sourced nonferrous metals out of Europe, China, and Russia for a number of clients, utilizing the 9 years of trading experience he had acquired while working with UK-based trading company Trans-World Metals.
Currently, Mr. Meir's CRG has been retained by INTL FCStone as an independent research consultant for both base and precious metals. CRG provided similar services to MF Global for eight years prior to its demise in late 2011, covering the suite of energy products as well. Mr. Meir obtained his BA in Economics from Montreal's McGill University and his MBA from New York University. He is a long-standing registered principle with the National Futures Association and his firm is registered with the NFA as an independent introducing broker.
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
Marty Stetzer
Marty has been a consultant to U.S. and international oil and gas
companies since 1986, including 13 years with PriceWaterhouseCoopers.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Talking Markets with Andy and Ed April 24, 2019 appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post April 2019 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the Upstream Intelligence Channel on the EKT Interactive Oil and Gas Podcast Network.
Transcript
A 12 minute summary covering two upcoming Data Driven Drilling and Production events, one in Houston and one in Aberdeen.
Charlotte Howlett, Project Director for the Houston event, discusses conference logistics some key topics that will be covered and endorsements from the previous events. Tom Glover, Project Director for the Aberdeen event, introduces his conference.
Conference Highlights www.upstreamintel.com
- 750+ Attendees
- Teams from 70 Different E&P Companies in Attendance
- 60 speakers 60 exhibitors
- Live Shark-Tank Style Technology Showcase
- Separate Drilling & Production tracks, and brand-new
- Digital Subsurface workshop
About the Experts
Charlotte Howlett
Charlotte has been with our company, FCBI Energy Ltd., for nearly three years. To date, she has worked across, and now leads, our Nuclear and our Oil & Gas divisions. She has been involved in numerous research projects and industry analyses, content production and industry events.
Charlotte studied Psychology at Loughborough University, participating in a number of additional courses including the Tomorrow's Leaders Programme. This involved participation in educational and development activities that linked to leadership development and to the skills she has today.
I've always been interested in energy, participating in energy-related courses during my education. FCBI Energy is a fascinating place to see developments in these two important business sectors
Tom Glover
Tom Glover is Project Director for the upcoming namesake Data Driven Drilling and Production North Sea conference scheduled in Aberdeen late in October.
Tom has been associated with FCBI since 2017, and is helping organize the FCBI portfolio of conferences across nuclear and energy. As a Senior Industry Analyst at Upstream Intelligence, he focused on new technologies, computing infrastructure, and big-data solutions in Oil & Gas.
Tom received his BA at the University of Manchester, and his MS in Political Sociology with distinction from the London School of Economics and Political Science.
Marty Stetzer
President of EKTinteractive in Houston; and producer for Oil-101, our popular, 10-part, mobile-ready series on “How the industry works, covering upstream, midstream and downstream operations fundamentals.
In parallel with a 25-year career oil and gas career, Marty has spent 15 years providing custom blended and e-learning training programs to a variety of technical audiences.
He has global upstream and downstream operations management experience with Schlumberger, Superior Oil-Mobil, Wilson Industries and Exxon, and led the downstream supply chain practice at PwC.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobil, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Links:
2019 Digital Transformation Challenges in Oil & Gas with Jim Crompton
AI Data Efficiencies in Oil & Gas
IT Applications and Optimization in Oil & Gas Supply Chain
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post 2019 Houston and Aberdeen DDDP Conferences with Charlotte Howlett and Tom Glover appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, Andrew Lebow and Marty Stetzer discuss APIs and the gasoline market with Ed Meir. There is also a brief discussion on the latest news about Brexit and Venezuela.
About the Experts
Edward Meir
Edward Meir was named the most accurate price forecaster for base metals in 2011, 2014 and 2015 and finished second for 2013, as ranked by Metal Bulletin, a leading trade publication. Additionally, he obtained the #2 ranking for precious metals in 2014 and was third in 2013. Prior to providing research under the banner of Commodity Research Group (formerly Madison Holdings), Mr. Meir sourced nonferrous metals out of Europe, China, and Russia for a number of clients, utilizing the 9 years of trading experience he had acquired while working with UK-based trading company Trans-World Metals.
Currently, Mr. Meir's CRG has been retained by INTL FCStone as an independent research consultant for both base and precious metals. CRG provided similar services to MF Global for eight years prior to its demise in late 2011, covering the suite of energy products as well. Mr. Meir obtained his BA in Economics from Montreal's McGill University and his MBA from New York University. He is a long-standing registered principle with the National Futures Association and his firm is registered with the NFA as an independent introducing broker.
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
Marty Stetzer
Marty has been a consultant to U.S. and international oil and gas
companies since 1986, including 13 years with PriceWaterhouseCoopers.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Talkin APIs and Gasoline Market with Andy and Ed March 27, 2019 appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post March 2019 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, Andrew Lebow and Marty Stetzer discuss Oil Markets, China and Metals with Ed Meir.
About the Experts
Edward Meir
Edward Meir was named the most accurate price forecaster for base metals in 2011, 2014 and 2015 and finished second for 2013, as ranked by Metal Bulletin, a leading trade publication. Additionally, he obtained the #2 ranking for precious metals in 2014 and was third in 2013. Prior to providing research under the banner of Commodity Research Group (formerly Madison Holdings), Mr. Meir sourced nonferrous metals out of Europe, China, and Russia for a number of clients, utilizing the 9 years of trading experience he had acquired while working with UK-based trading company Trans-World Metals.
Currently, Mr. Meir's CRG has been retained by INTL FCStone as an independent research consultant for both base and precious metals. CRG provided similar services to MF Global for eight years prior to its demise in late 2011, covering the suite of energy products as well. Mr. Meir obtained his BA in Economics from Montreal's McGill University and his MBA from New York University. He is a long-standing registered principle with the National Futures Association and his firm is registered with the NFA as an independent introducing broker.
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
Marty Stetzer
Marty has been a consultant to U.S. and international oil and gas
companies since 1986, including 13 years with PriceWaterhouseCoopers.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Talkin Oil Markets, China & Metals with Ed Meir March 07, 2019 appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, Andrew Lebow and Marty Stetzer discuss Oil Markets, Brexit and Metals with Ed Meir.
About the Experts
Edward Meir
Edward Meir was named the most accurate price forecaster for base metals in 2011, 2014 and 2015 and finished second for 2013, as ranked by Metal Bulletin, a leading trade publication. Additionally, he obtained the #2 ranking for precious metals in 2014 and was third in 2013. Prior to providing research under the banner of Commodity Research Group (formerly Madison Holdings), Mr. Meir sourced nonferrous metals out of Europe, China, and Russia for a number of clients, utilizing the 9 years of trading experience he had acquired while working with UK-based trading company Trans-World Metals.
Currently, Mr. Meir's CRG has been retained by INTL FCStone as an independent research consultant for both base and precious metals. CRG provided similar services to MF Global for eight years prior to its demise in late 2011, covering the suite of energy products as well. Mr. Meir obtained his BA in Economics from Montreal's McGill University and his MBA from New York University. He is a long-standing registered principle with the National Futures Association and his firm is registered with the NFA as an independent introducing broker.
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
Marty Stetzer
Marty has been a consultant to U.S. and international oil and gas
companies since 1986, including 13 years with PriceWaterhouseCoopers.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Talkin’ Oil Markets, Brexit & Metals February 21 2019 appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post February 2019 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, Andrew Lebow and Marty Stetzer discuss API’s, Venezuela and Metals with Ed Meir.
About the Experts
Edward Meir
Edward Meir was named the most accurate price forecaster for base metals in 2011, 2014 and 2015 and finished second for 2013, as ranked by Metal Bulletin, a leading trade publication. Additionally, he obtained the #2 ranking for precious metals in 2014 and was third in 2013. Prior to providing research under the banner of Commodity Research Group (formerly Madison Holdings), Mr. Meir sourced nonferrous metals out of Europe, China, and Russia for a number of clients, utilizing the 9 years of trading experience he had acquired while working with UK-based trading company Trans-World Metals.
Currently, Mr. Meir's CRG has been retained by INTL FCStone as an independent research consultant for both base and precious metals. CRG provided similar services to MF Global for eight years prior to its demise in late 2011, covering the suite of energy products as well. Mr. Meir obtained his BA in Economics from Montreal's McGill University and his MBA from New York University. He is a long-standing registered principle with the National Futures Association and his firm is registered with the NFA as an independent introducing broker.
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
Marty Stetzer
Marty has been a consultant to U.S. and international oil and gas
companies since 1986, including 13 years with PriceWaterhouseCoopers.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Talkin’ APIs, Venezuela and Metals with Ed Meir appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this special podcast, oil market experts Andrew Lebow and Jim Colburn discuss Canadian oil markets with Dominic Proctor, former Financial Trading Manager at Suncor Energy.
About Dominic Proctor
Dominic Proctor is a retired oil trader who spent 27 years in the Canadian oil and gas industry. He holds a Bachelor of Commerce degree from the University of Saskatchewan. Mr. Proctor received the designation of Chartered Accountant from the Canadian Institute of Chartered Accountants in 1989 and joined Saskoil in their financial accounting department in 1990.
After a few years in various accounting and planning positions Mr. Proctor joined CXY Energy Marketing as an oil trader in 1999, shortly before becoming a CFA® charterholder. Following a corporate acquisition CXY Energy Marketing became part of Nexen, where Mr. Proctor remained in various roles in the oil and natural gas marketing department until 2008. In 2008 Mr. Proctor joined Suncor Energy Marketing as a senior oil trader and remained there in various roles until 2018.
He was active in trading and using energy derivatives to hedge physical oil price exposures from 1999 into 2018.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Canadian Oil Markets with Dominic Proctor – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, Andrew Lebow and Marty Stetzer discuss EIA numbers, as well as a quick overview of the current oil market.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
Marty Stetzer
Marty has been a consultant to U.S. and international oil and gas
companies since 1986, including 13 years with PriceWaterhouseCoopers.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Talkin’ EIAs & Oil Markets January 09 2019 appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, Andrew Lebow and Marty Stetzer discuss EIA numbers, as well as a quick overview of the current oil market.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
Marty Stetzer
Marty has been a consultant to U.S. and international oil and gas
companies since 1986, including 13 years with PriceWaterhouseCoopers.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Talkin’ EIAs & Oil Markets December 21 2018 appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post December 2018 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, Andrew Lebow and Marty Stetzer discuss EIA numbers, as well as a quick overview of the current oil market.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
Marty Stetzer
Marty has been a consultant to U.S. and international oil and gas
companies since 1986, including 13 years with PriceWaterhouseCoopers.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Talkin’ EIAs & Oil Markets December 6 2018 appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, Andrew Lebow and Marty Stetzer discuss EIA numbers, as well as a quick overview of the current oil market.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
Marty Stetzer
Marty has been a consultant to U.S. and international oil and gas
companies since 1986, including 13 years with PriceWaterhouseCoopers.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Talkin’ EIAs & Oil Markets November 15 2018 appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post November 2018 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, Andrew Lebow and Marty Stetzer discuss EIA numbers, as well as a quick overview of the current oil market.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
Marty Stetzer
Marty has been a consultant to U.S. and international oil and gas
companies since 1986, including 13 years with PriceWaterhouseCoopers.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Talkin’ EIAs & Oil Markets October 24 2018 appeared first on EKT Interactive.
Thanks for listening to the Upstream Intelligence Channel on the EKT Interactive Oil and Gas Podcast Network.
Implementing IoT in Upstream Oil and Gas
A 16-minute discussion with Ed Abbo, President and CTO of C3 — a leading software technology innovator in digital transformation through use of predictive and prescriptive analytics to improve upstream oil and gas operations.
Ed has over 30 years of I/T and controls experience, with numerous successful deployments of large-scale AI and IoT applications in both the power and oil and gas industries.
In this podcast, he presents successful case studies with multi-hundred million-dollar benefits. He then covers what it takes to successfully implement AI and IoT at scale across an enterprise.
Topics for discussion:
- Step-function technology tools that are available today.
- A power grid example of a truly complex, real-time application of IoT.
- Successful digital oilfield projects that improved reliability in production operations.
- Their technology platform to manage multiple inputs to machine learning algorithms.
- The role of executive leadership as business workflows need to be altered.
- Differences in big data algorithms versus traditional engineering models.
- IoT and data analytics is a transformational opportunity for the upstream.
About the Experts
Ed Abbo
Ed Abbo is President and Chief Technology Officer at C3, which provides an AI and IoT software platform-as-a-service to power enterprise digital transformations. Mr. Abbo leads C3's strategy and execution, including technology direction, innovation, and customer success.
Prior to C3, Mr. Abbo was Senior Vice President at Oracle Corporation, where he was responsible for its application products. Prior to joining Oracle in 2006, he was Senior Vice President of Engineering and Chief Technology Officer for Siebel Systems.
Mr. Abbo earned a Master of Science in Mechanical Engineering from the Massachusetts Institute of Technology and a Bachelor of Science in Mechanical & Aerospace Engineering from Princeton University.
Marty Stetzer
Marty is President of EKTinteractive in Houston. He is currently producer-director for Oil-101, our popular, mobile-ready series on “How the oil & gas industry works” that covers upstream, midstream and downstream operations fundamentals.
The EKTinteractive learning community is continually updated on important topics with podcasts from industry experts.
He brings 30 years upstream and downstream management experience with Schlumberger, Superior Oil-Mobil, Wilson Industries and Exxon.
He has been a consultant to U.S. and international oil and gas and companies since 1986, including 13 years with PriceWaterhouseCoopers.
Like many of his team, Marty is active in the SPE and often presents at industry forums.
Relevant Links:
OnePetro – SPE
Upstream Intelligence
Jim Crompton on Linkedin
Email Jim
World Oil
Oil & Gas Journal
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Implementing AI & IoT at Scale Across Upstream Oil and Gas – with Ed Abbo, President and CTO of C3 appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post October 2018 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, Andrew Lebow and Marty Stetzer discuss EIA numbers, as well as a quick overview of the current oil market.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
Marty Stetzer
Marty has been a consultant to U.S. and international oil and gas
companies since 1986, including 13 years with PriceWaterhouseCoopers.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Talkin’ EIAs & Oil Markets September 26 2018 appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post September 2018 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, Andrew Lebow and Marty Stetzer discuss EIA numbers, as well as a quick overview of the current oil market.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
Marty Stetzer
Marty has been a consultant to U.S. and international oil and gas
companies since 1986, including 13 years with PriceWaterhouseCoopers.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Talkin’ EIAs & Oil Markets August 22 2018 appeared first on EKT Interactive.
Thanks for listening to the Upstream Intelligence Channel on the EKT Interactive Oil and Gas Podcast Network.
Why is Digital Transformation So Hard to Sell?
A 25-minute discussion with Jim Crompton, Adjunct Faculty Member at Colorado School of Mines and Joe Perino, the Director of Production Solutions at WellAware – narrated by Marty Stetzer, President of EKTinteractive in Houston.
According to management consultants and technology vendors, the digital transformation in the oil and gas industry is off and running. But, if you listen to the quiet, practical voices on the sidelines, there are a few challenges ahead.
Jim has done a lot of publishing on IoT applications in upstream oil and gas. Today, he and Joe discuss six of the major challenges to implementation – seen in their work experience and research.
Topics for discussion:
- With a volatile crude price cycle, it's never a good time to implement IoT.
- It's rare in oil and gas that technology has been a true game changer.
- Tough to balancing expert insights with the new advanced analytics models.
- Who really has the responsibility for the data?
- How to merge OT (Operational Technologies) with this new I/T infrastructure?
- In oil and gas, I/T is not a respected skill set yet!
About the Experts
Jim Crompton
“The future is already here, it is just not widely distributed yet” – William Gibson.
After six years at university, and 37 years working in the oil patch for Chevron you would have thought that Jim would have had enough.
But no Jim leads Reflections Data Consulting LLC to continue his work in data management and analytics for the Exploration and Production industry, including:
1) Improving the Data Foundation for Oil & Gas companies.
2) Advancing the capabilities of modeling and advanced analytics as applied to gaining greater insight into the performance of the digital oil field/integrated operations.
3) His other passion is mentoring the next generation workforce or digital engineers, geo-scientists and information technology professionals.
Joe Perino
Joe is currently on the research team with LNS Research, a consulting firm specializing in digital transformation, based in Cambridge, Mass. He brings them over 40 years of experience in upstream, midstream and downstream. He has worked in engineering, maintenance, sales, marketing and business development, and technical, IT and management consulting.
Joe was involved early on with the Digital Oilfield concept and has consulted on production efficiency and effectiveness improvements with KOC, Pemex, Petrobras, Sonangol and Statoil. He was a member of the Shell Smart Fields and Chevron iFields teams while at Schlumberger.
Joe is active in the AIChE, ISA, COS, NOIA, OESI, SPE and World Oil Council.
Marty Stetzer
Marty is President of EKTinteractive in Houston. He is currently producer-director for Oil-101, our popular, mobile-ready series on “How the oil & gas industry works” that covers upstream, midstream and downstream operations fundamentals.
The EKTinteractive learning community is continually updated on important topics with podcasts from industry experts.
He brings 30 years upstream and downstream management experience with Schlumberger, Superior Oil-Mobil, Wilson Industries and Exxon.
He has been a consultant to U.S. and international oil and gas and companies since 1986, including 13 years with PriceWaterhouseCoopers.
Like many of his team, Marty is active in the SPE and often presents at industry forums.
Relevant Links:
OnePetro – SPE
Upstream Intelligence
Jim Crompton on Linkedin
Email Jim
World Oil
Oil & Gas Journal
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Why Is Digital Transformation So Hard To Sell? – with Jim Crompton and Joe Perino appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, Andrew Lebow and Marty Stetzer discuss EIA numbers, as well as a quick overview of the current oil market.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
Marty Stetzer
Marty has been a consultant to U.S. and international oil and gas
companies since 1986, including 13 years with PriceWaterhouseCoopers.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Talkin’ EIAs & Oil Markets August 15 2018 appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post August 2018 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, Andrew Lebow and Marty Stetzer discuss EIA numbers, as well as a quick overview of the current oil market.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
Marty Stetzer
Marty has been a consultant to U.S. and international oil and gas
companies since 1986, including 13 years with PriceWaterhouseCoopers.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Talkin’ EIAs & Oil Markets July 25 2018 appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, Andrew Lebow and Marty Stetzer discuss EIA numbers, as well as a quick overview of the current oil market.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
Marty Stetzer
Marty has been a consultant to U.S. and international oil and gas
companies since 1986, including 13 years with PriceWaterhouseCoopers.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Talkin’ EIAs & Oil Markets July 18 2018 appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post July 2018 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, Andrew Lebow and Marty Stetzer discuss EIA numbers, as well as a quick overview of the current oil market.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
Marty Stetzer
Marty has been a consultant to U.S. and international oil and gas
companies since 1986, including 13 years with PriceWaterhouseCoopers.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Talkin’ EIAs & Oil Markets July 05 2018 appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, Andrew Lebow and Marty Stetzer discuss EIA numbers, as well as a quick overview of the current oil market.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
Marty Stetzer
Marty has been a consultant to U.S. and international oil and gas
companies since 1986, including 13 years with PriceWaterhouseCoopers.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Talkin’ EIAs & Oil Markets June 27 2018 appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, Andrew Lebow and Marty Stetzer discuss EIA numbers, as well as a quick overview of the current oil market.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
Marty Stetzer
Marty has been a consultant to U.S. and international oil and gas
companies since 1986, including 13 years with PriceWaterhouseCoopers.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Talkin’ EIAs & Oil Markets June 20 2018 appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post June 2018 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About Risked Revenue
Risked Revenue is a risk management consulting firm that provides analytical support and hedging expertise to businesses that strive for industry leading performance in their hedge programs. We assist senior staff in the development of their hedge programs by identifying appropriate and efficient hedge strategies that match hedge performance to budgetary objectives.
Risked Revenue has a 98% annual retention rate of retainer clients since inception.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Energy Markets with Andy Furman of Risked Revenue – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post May 2018 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Tips for Attending the 2018 Offshore Technology Conference in Houston, TX.
It’s that time of year again…
In this episode of ‘The Drill Down’, Marty Stetzer sits down with Michael Deleon, long time media producer for EKT Interactive, to discuss ways in which listeners who may be attending the Offshore Technology Conference (OTC) for the first time get the most out of their experience.
Relevant Links:
Offshore Technology Conference
EKTi Oil-101 Introduction to Upstream
About the Experts
Marty Stetzer
In parallel with his 25-year energy career, Marty has over 15 years experience in providing custom digital training programs to a variety of oil and gas technical audiences – like EKT Interactive Oil 101.
Marty has been a consultant to U.S. and international oil and gas
companies since 1986, including 13 years with PriceWaterhouseCoopers.
He has 18 years management experience with Schlumberger, Superior Oil-Mobil, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Transcript:
Hi everyone, and welcome to the Drill Down with Marty Stetzer. This 12 minute podcast is part of our EKTI Oil and Gas Learning Network, and brought to you by Oil 101, our free introduction to oil and gas. Our subject today is how to get maximum benefit out of visiting the upcoming Offshore Technology Conference OTC in Houston.
This is short notice the 2018 OTC starts Monday, April 30 and runs through Thursday. You can get in for free by using Google. Search on OTC 2018 complementary pass.
Today I'm joined by Michael DeLeon He has been working with EKTInteractive for the last three years designing and developing high-quality interactive audio and visual education products for our 10,000 member community.
I'm getting Michael help to explain how other graduates and folks the industry can come up the curve on how to leverage their OTC visit.
Michael welcome.
Michael:
Thanks Marty happy to help out..
Marty:
Can you give our audience a little of your background.
Michael:
Certainly! I'm usually the guy behind the console telling others how to speak, so this should be interesting.
My background is in visual communication. I have degrees in both Digital Media and Instructional Design from the University of Houston, which happens to be our hometown. The OTC is a really big deal here; anyone connected to or interested in oil and gas should really check it out. Even for someone like me, it helps to understand the industry better, and let's me think of ways to apply this knowledge in training and education scenarios.
Marty:
Michael, one of the best learning opportunities in Houston the first week in every May is the OTC. As a mechanical engineer, I think it's the world's biggest science fair!
But what was you reaction as more of a visual communication expert
Michael:
My first reaction was, Where do I begin !
The first thing I noticed was how much technology is used at the vendor booths; multi-display videos, interactive screens, VR, augmented reality, even gaming. There are lots of interesting and creative ways being used to capture the audience's attention.
It's awesome, but can also be very overwhelming on first sight.
So Marty, how about some help? If this is the first OTC for our listener, what are some clues to make their first time at the event productive?
Marty:
The first clue is to have an objective. If you go there without one, you're just blown away by the hundreds and hundreds of booths, each one trying harder than the other to sell you and explain what they're doing.
There's no way that a first-timer can get much out of it without making a list of target companies that you want to see.
There is a free map when you register. Mark out the location of the target company booths on the map. Figure out a inefficient path so you're not zigzagging all over the place.
Michael:
But what do I look for??
Marty:
If you've seen the movie BP Horizon You might want to visit Halliburton to learn what cementing is really all about, Cameron to see a real live BOP or Transocean to learn more about drilling rigs .
Another way is to pick a Houston company name you have seen in the Chronicle or heard on TV or the radio Like Schlumberger, Baker Hughes or GE oil and gas.
Michael:
Interesting I did see the movie and liked it Might take your advice
Marty:
You can also learn a lot by looking for the Spotlight Award winners – listed on the OTC website. This award recognizes the best technology inventions of the past year.
Engineering graduates see how their classroom studies get translated into real iron and the latest technologies Even though it's primarily in oil and gas conference, you'll find innovations by mechanical, electrical and chemical engineers and especially IT experts not just petroleum engineers or geologists. There are some things to see and learn, no matter what your interest is.
Your media background is different. As you visit any of the booths note how they communicate their winning idea (both visually and graphically), how it works, and what the benefit is. A good test is how big the audience is in front of the booth – follow the crowds!
The need for clear and interesting communication of these technical messages is a booming industry in Houston.
Michael:
Marty, for our listeners, what else is available at the OTC.
Marty:
There's a daily university R&D showcase – with details on the OTC.org website
Over 350 technical papers will be presented, often in panels, on the second floor of NRG Center. The papers are peer reviewed and professionally delivered. They are sponsored by technical societies, like SPE, Society of Chemical Engineers, and many others.
In addition to the booth, awards, and tech papers, there's a series of breakfasts and luncheons. They cover quite a wide variety of topics many that you might not think would be at an oil & gas event. You can learn about process safety management prevalent in the Chemical industry and new offshore wind farms.
In our case EKT interactive has established a solid reputation in podcasts dealing with oilfield digitization technologies like AI, machine learning, edge and cloud computing. So, I will be attending Monday to listen to two offshore digitization case studies.
Michael:
Marty any clues on logistics?
Marty:
First, wear really strong shoes or your cowboy boots, because no matter how well I lay out a plan I always end up doubling back and tripling back.
Sure As a reminder this year the OTC is at the NRG Complex, and runs from Monday April 30 to Thursday May 3.
As a student with a university ID your cost to attend is only $25 per day. Or try for one of the free complimentary passes.
Finally, do not drive to the OTC. No matter what they tell you or what time you go. Even if you're there at 7:00 in the morning, you can end up parked in the boondocks. The best way to go to the OTC is to park anywhere near the line and take the Metro train.
Michael:
Awesome I've use the train when I lived on the east side . Works great.
Marty Any more hints, say on scheduling
Marty:
It's a 4 day program. Over the years, I've learned from my buddies that there are good days and not so good days if you're new to the OTC.
Monday once is good because everyone is fresh. They vendors have their best people on the booth and everyone seems pumped! If you're going to see the Spotlight Award booths, you'll get the sharpest individuals to give any needed explanations on Monday.
Tuesday is really crowded because a lot of the folks come in from Louisiana. After hitting their office they fly over on Monday evening and show up Tuesday morning. Tuesday is usually a mob scene!
Wednesday's also a good day, but some of the booth presenters seem to run out of gas .like I did when I had a booth at trade shows.
Michael:
What about Thursday?
Marty:
Thursday is interesting. Part of the event is set aside for what the OTC calls its Energy Education Institute. The Institute conducts two events – one for high school students and another for all grade level teachers.
This student workshop is hands-on and not only a lot of fun for the students, but incredibly educational. Students learn how to interpret data, a fundamental skill for engineers.
The Institute also welcomes science teachers. Attendees receive hands-on training in presentations by qualified facilitators, and tour the OTC hall. Teachers then receive a variety of free instructional materials to take back to their classrooms.
Michael:
Thanks Marty that was a good summary I hope to make it to OTC.
Marty Stetzer:
If you there on Monday I look forward to seeing you there.
If you're interested go to www.otc.org, and start planning your trip – before you head to the event. Pick out the vendors booths and papers you might want to see or hear. The breakfasts and the luncheons are extra money, but you'll hear firsthand what's going on from industry veterans.
This is the 50th anniversary of the OTC and with the crude prices recovered to the $70 level You could see offshore and deepwater activity come alive over the next couple years.
If you are new to oil and gas, be sure to check out our free Oil-101 series on how the industry works at www.ektinteractive.com
Thanks for listening and thanks for your help Michael.
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Prepare For The OTC With Marty Stetzer appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post April 2018 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the Upstream Intelligence Channel on the EKT Interactive Oil and Gas Podcast Network.
Transcript
We are pleased to introduce and welcome our a new podcast partner, Upstream Intelligence in the UK, as they are now part of our oil and gas learning network. In this podcast, we have Charlotte Howlett, the head of Upstream Intelligence. She gives us a brief overview of her background and an introduction to the Upstream Intelligence podcast channel on the EKTi Interactive Oil and Gas Podcast Network.
About the Experts
Charlotte Howlett
Charlotte has been with our company, FCBI Energy, for just over a year and a half. To date, she has worked across, and now leads, our nuclear and oil and gas sectors. She has also been involved in numerous research projects, content production and industry events.
Charlotte studied psychology at Loughborough University. During her final year, she participated in the “Tomorrow’s Leaders” Programme run by the School of Sport, Exercise and Health Sciences. This involved participation in educational and development activities that linked to leadership development.
I’ve always been interested in energy, and had some energy-related courses whilst at school. FCBI is a fascinating place to see developments in these two important business sectors.
Marty Stetzer
President of EKTinteractive in Houston; and producer for Oil-101, our popular, 10-part, mobile-ready series on “How the industry works, covering upstream, midstream and downstream operations fundamentals.
In parallel with a 25-year career oil and gas career, Marty has spent 15 years providing custom blended and e-learning training programs to a variety of technical audiences.
He has global upstream and downstream operations management experience with Schlumberger, Superior Oil-Mobil, Wilson Industries and Exxon, and led the downstream supply chain practice at PwC.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Links:
May 2018 Houston DDDP Conference Highlights
AI Data Efficiencies in Oil & Gas
IT Applications and Optimization in Oil & Gas Supply Chain with John Archer Red Hat Software
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post The Industry Podcast Channel Devoted to the Oil & Gas Digital Transformation with Charlotte Howlett appeared first on EKT Interactive.
Thanks for listening to the EKT Interactive Oil and Gas Podcast Network.
*What is the 2018 World Oil Drilling Activity Outlook for the US and Internationally?*
This Drill Down episode gives a 21 minute executive summary of the annual World Oil breakfast. It was held in Houston on January 26th and covered their outlook for global drilling activity. We welcome back Joe Perino to this podcast.
We do not cover the extensive amount of data presented at the breakfast. You can access the details in the February 2018 issue of World Oil, or on their website.
We do present updates since the World Oil breakfast, and some of the recent business changes that can affect the data. The so-called words behind the music!
Topics and Time Stamps:
[00:10] Introduction to the 2018 World Oil Drilling Activity forecast
[01:50] Joe Perino summarizes the Key Drivers of Drilling Activity
[04:55] Marty Stetzer discusses the Positive US Regulatory Outlook
[06:50] Marty Stetzer summarizes the Global E&P CAPEX Outlook
[09:00] Joe Perino presents the US state-by-state drilling forecast
[13:05] Joe Perino presents the International country-by-country drilling forecast
[17:10] Summary and where to learn more
Relevant Links:
World Oil follow-up A 62-minute webcast
Innovations in the Digital Oilfield with Joe Perino
Related Episodes:
HPI Downstream Investment Outlook 2018 – Executive Summary Podcast
Oil & Gas Journal 2018 Global Outlook Executive Summary Podcast
EKTi Oil-101 Introduction to Upstream
EKTi Oil-101 Introduction to Midstream
About the Experts
Marty Stetzer
In parallel with his 25-year energy career, Marty has over 15 years experience in providing custom digital training programs to a variety of oil and gas technical audiences – like EKT Interactive Oil 101.
Marty has been a consultant to U.S. and international oil and gas
companies since 1986, including 13 years with PriceWaterhouseCoopers.
He has 18 years management experience with Schlumberger, Superior Oil-Mobil, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Joe Perino
Joe brings over 40 years of experience in upstream, midstream and downstream. He has worked in engineering, maintenance, sales, marketing and business development, and technical, IT and management consulting.
Joe started his career with Diamond Shamrock as a process engineer, then spend 20 years with process automation and supply chain technology suppliers Emerson, Honeywell and i2, before joining the consulting ranks with IBM, Logica North America, KBC Advanced Technologies, and Schlumberger Business Consulting.
Joe was involved early on with the Digital Oilfield concept and has consulted on production efficiency and effectiveness improvements for KOC, Pemex, Petrobras, Sonangol and Statoil, and was a member of the Shell Smart Fields and Chevron iFields teams while at Schlumberger.
Today he focuses on using technology to improve the business as Digital Oilfield (DO) has evolved into technology-enabled Operational Excellence and now sees IoT, Big Data and Analytics as the next step in the evolution in DO. He works with several firms as a content contributor, in business development and as a podcaster on EKT Interactive, Inc. Joe holds an B.S. in Chemical Engineering from the University of Notre Dame and an M.S. in Finance from the University of Houston. He has also completed executive education at Northwestern's Kellogg School of Management and Harvard Business School. He is active in the AIChE, ISA, COS, NOIA, OESI, SPE and Oil Council.
Links:
HPI Downstream Outlook Webinar
Hydrocarbon Processing
3 Publications Oil and Gas Industry Execs Count On
World Oil
Oil & Gas Journal
Fuel Fix Article
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post Executive Summary 2018 World Oil Global Drilling Activity Outlook with Joe Perino appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, market experts Edward Meir of CRG and Ben Ryan of Vela Trading Systems discuss key precious metals and bitcoin.
About Vela
Vela is a global financial technology provider of high performance trading, market data, and analytics technology solutions.
Vela offers an end-to-end multi-asset Direct Market Access (DMA) platform connected to over 60 global exchanges; high-performance and low-latency market data and market access; industry leading pre-trade risk controls; post-trade processing; trading analytics; plus, a front-end for price discovery, execution, and risk management.
Topics and Time Stamps:
[00:30] Introduction – Ben Ryan of Vela
[02:00] Gold general outlook
[03:00] Gold’s Technicals
[04:00] Gold’s Fundamentals
[04:30] Gold and the recent action in the US stock market
[05:45] Is gold a “safe haven” anymore?
[07:20] Gold and the S&P-500 ratio
[08:30] The tariff picture and its impact on the markets
[13:00] Bitcoin and gold
[15:15] Gold 2018 price outlook
[17:55] Silver
About the Experts
Edward Meir
Edward Meir was named the most accurate price forecaster for base metals in 2011, 2014 and 2015 and finished second for 2013, as ranked by Metal Bulletin, a leading trade publication. Additionally, he obtained the #2 ranking for precious metals in 2014 and was third in 2013. Prior to providing research under the banner of Commodity Research Group (formerly Madison Holdings), Mr. Meir sourced nonferrous metals out of Europe, China, and Russia for a number of clients, utilizing the 9 years of trading experience he had acquired while working with UK-based trading company Trans-World Metals.
Currently, Mr. Meir's CRG has been retained by INTL FCStone as an independent research consultant for both base and precious metals. CRG provided similar services to MF Global for eight years prior to its demise in late 2011, covering the suite of energy products as well. Mr. Meir obtained his BA in Economics from Montreal's McGill University and his MBA from New York University. He is a long-standing registered principle with the National Futures Association and his firm is registered with the NFA as an independent introducing broker.
Ben Ryan
Ben Ryan has over eight years of trading experience with an expertise in the futures and options space. As a market maker on the Comex, Ben has managed futures and options portfolios through multiple market cycles. He has written extensively on the state of the gold and currency markets. Ben also teaches classes and seminars on options theory and has consulted on the structure of derivative markets.
He currently works at Vela Trading Systems generating solution based sales and managing accounts for hedge funds, banks, and money management firms. Ben holds a B.A. in Psychology from Georgetown University.
Links:
Commodity Research Group
Commodity Research Group Podcast
VelaTT.com
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post March 2018 Gold, Silver and Bitcoin Highlights with Ben Ryan appeared first on EKT Interactive.
Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets.
About the Experts
Andrew Lebow
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
James Colburn
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Links:
Commodity Research Group
Commodity Research Group Podcast
EIA.gov
OPEC.org
Contango vs Backwardation
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post March 2018 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive.
Thanks for listening to the EKT Interactive Oil and Gas Podcast Network.
*What is the 2018 Outlook for Global Crude Supply Demand Balance and Crude Price?*
This Drill Down episode gives an executive summary of the February 2nd,2018 Oil & Gas Journal ( The Journal ) webcast discussing the global crude supply-demand outlook, and the impact on crude price. We welcome back Joe Perino to this podcast.
We do not cover the extensive amount of data presented in the webcast. You can access all the details in the January 2018 issue of the Journal, or on their website.
We do present updates to the Journal team observations since the webcast, and some of the business drivers behind the data -The so-called words behind the music!
Topics and Time Stamps:
Introduction to the Journal webcast
[01:35] Joe Perino summarizes the Crude Supply outlook, presented by Bob Tippee
[05:00] Joe Perino discusses the potential risks to Crude Supply
[07:25] Marty Stetzer summarizes Market Demand, presented by Dr. Conglin Xu
[09:17] Marty Stetzer presents the Crude Price and Brent WTI Spread history
[11:20] Marty Stetzer presents the 2018 Crude Price Forecast and Models
[13:10] Summary and updates since the webcast – Price Volatility continues
Relevant Links:
Oil & Gas Journal Webcast
Innovations in the Digital Oilfield with Joe Perino
Related Episodes:
HPI Downstream Investment Outlook 2018 – Executive Summary
EKTi Oil 101: Introduction to Upstream Oil & Gas
About the Experts
Marty Stetzer
In parallel with his 25-year energy career, Marty has over 15 years experience in providing custom digital training programs to a variety of oil and gas technical audiences like EKT Interactive Oil 101.
Marty has been a consultant to U.S. and international oil and gas
companies since 1986, including 13 years with PriceWaterhouseCoopers.
He has 18 years management experience with Schlumberger, Superior Oil-Mobil, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Joe Perino
Joe brings over 40 years of experience in upstream, midstream and downstream. He has worked in engineering, maintenance, sales, marketing and business development, and technical, IT and management consulting.
Joe started his career with Diamond Shamrock as a process engineer, then spend 20 years with process automation and supply chain technology suppliers Emerson, Honeywell and i2, before joining the consulting ranks with IBM, Logica North America, KBC Advanced Technologies, and Schlumberger Business Consulting.
Joe was involved early on with the Digital Oilfield concept and has consulted on production efficiency and effectiveness improvements for KOC, Pemex, Petrobras, Sonangol and Statoil, and was a member of the Shell Smart Fields and Chevron iFields teams while at Schlumberger.
Today he focuses on using technology to improve the business as Digital Oilfield (DO) has evolved into technology-enabled Operational Excellence and now sees IoT, Big Data and Analytics as the next step in the evolution in DO. He works with several firms as a content contributor, in business development and as a podcaster on EKT Interactive, Inc. Joe holds an B.S. in Chemical Engineering from the University of Notre Dame and an M.S. in Finance from the University of Houston. He has also completed executive education at Northwestern's Kellogg School of Management and Harvard Business School. He is active in the AIChE, ISA, COS, NOIA, OESI, SPE and Oil Council.
Links:
HPI Downstream Outlook Webinar
Hydrocarbon Processing
3 Publications Oil and Gas Industry Execs Count On
World Oil
Oil & Gas Journal
Fuel Fix Article
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
Transcript:
Marty:
Hi everyone. Welcome to the Drill Down with Marty Stetzer. This podcast is part of our EKTI oil and gas learning network, brought to you by Oil 101, our free introduction on how the oil and gas industry works.
Today you'll hear our sixteen-minute executive summary of the recent Oil & Gas Journal Forecast and Review webinar, held on February 2nd, 2018. Two editors presented and eighty-minute global outlook for crude oil supply, market demand, and a crude price forecast for 2018.
Note that our Downstream Outlook podcast summary from Hydrocarbon Processing is already published on our website.
Today I'm again joined by Joe Perino, a long-time friend and industry veteran. You've heard Joe's popular Sound-off series on our website.
Marty: Joe – Welcome.
Joe: Thanks Marty. Nice to be here.
Marty:
Note that we will not try to cover or repeat the extensive amount of data presented in the webinar in our podcast today. You can access all the details in the January 2108 issue of the Journal, or on their website.
We will present updates to the Journal team observations since February 2nd, and some of the business drivers behind the data… The so-called words behind the music!
Joe, why don't you start off
Joe:
A key webinar presenter was Bob Tippee, now the Chief Editor of the Oil and Gas Journal, and a widely recognized senior industry expert.
In Bob's opinion, supply management by both OPEC and Russia has been crucial to balancing the oil market in 2017. It's really extraordinary in terms of the degree of compliance and the duration of the production agreements, which have already been extended through 2018.
OPEC's historic cartel activity usually dies of its own success. As prices rise, the supply restraint usually gives way to cheating – but not so far. Furthermore, the market knows that there is plenty of crude supply at least through 2020.
Another factor in the supply equation is the explosive level of US shale oil activity. Historically, when OPEC would restrain production, the supply response had to go through a long and costly exploration cycle. Now, US producers respond to higher prices as quickly as it takes to find a rig, drill, and complete a well. As we saw in 2017, when prices neared the $50 per barrel mark, US drilling came back strong. And this is not to mention the backlog of several thousand DUCs (drilled but not completed wells) still remaining.
Today, a big question is whether tight oil production can keep growing. Many experts think the production growth is surprising – but it’s been real. The US rig count grew 43% in 2017, with the Permian Basin leading US production. Some current Permian wells are economic at pretty low prices. By the way, that's also led to Texas being the number seven oil producer in the world, with somewhere over 3 million barrels.
However, at some point there will be a diminishing supply of what are called sweet spots. Even though continuous shale reservoirs contain enormous amounts of hydrocarbon, some parts may not be as responsive to horizontal drilling and hydraulic fracturing as others.
Be that as it may, on February 6th (just a few days after the webinar!) the EIA (Energy Information Administration) increased their forecast of US crude oil production in 2018 and 2019 to over 11 million barrels a day far exceeding the production rates of both Saudi Arabia and Russia.
As knowledge about the reservoir and know-how about drilling and completion grows, shale supply grows. Operators are now leveraging that knowledge with new analytical methods using big data concepts. To illustrate, Bob presented a Chesapeake Energy presentation which listed a series of analytic applications that producers now use to increase performance of these technical wells. Supply is now more of a function of knowledge and know-how, and less of geological luck, than it used to be.
See our website for numerous podcasts on the way Big Data and the Internet of Things revolution are changing the upstream industry.
Going back to the Middle East Production compliance is all the more remarkable given new geopolitical challenges. Persian Gulf producers are always in some sort of antagonism, but it’s higher now than it has ever been in a long time — especially between Saudi Arabia and Iran.
Though the Iranian protests seem to have subsided, they could have drastically affected Iranian production.
Additionally, we saw Iraq trying to disrupt pipeline exports from Northern Kurdistan.
Bob highlighted additional potential downside to the crude supply in other production hotspots, including:
- The dire situation in Venezuela with an evolving dictatorship and a collapsed economy. This has caused serious deterioration in crude oil production. Venezuela has been unable to stop a six-year-long production decline with the country only producing 1.8 million barrels per day in 2018, down from 2.9 million barrels per day in 2014 – a 28-year low, and down nearly 300,000 barrels per day from 2016 alone. Financial difficulties further limit production, as access to vital diluent imports is needed to produce more heavy bitumen.
- A second hotspot is in Nigeria, where militancy could continue. In 2016, Nigerian production fell 600,000 barrels a day because of coordinated and sophisticated attacks on oil installations, led by the Niger-Delta Avenger militants.
- A third hotspot is Libya's production of approximately 1 million barrels per day, up from a low of 200,000 barrels per day in 2014. But it continues to yoyo with closing of ports and pipeline disruptions as the civil war continues.
Loss of production in any one of these areas will also affect crude price. Remember, for crude oil, like other commodities, small swings in supply demand lead to large swings in price.
Now back to Marty for demand and crude price observations from the webinar….
Marty:
Thanks Joe.
Next I'll cover the presentation made by Dr. Conglin Xu, economics editor of the Oil & Gas Journal since 2012.
She first elaborated on the global oil balance. Here, her analysis indicated the oil market is tightening as inventories are reduced and consumption is growing.
According to Dr. Xu, global crude oil demand growth is expected to be very strong, because it's so closely related to economic growth. According to the World Bank, the global economy is experiencing a very broad-based cyclical upturn, which is expected to continue over the next couple of years.
But it is a mixed outlook when you look across regions
For example, in the OECD in Europe and Japan economic growth has slowed, but the US is likely to be an exception, thanks to recent government policies.
The primary oil demand growth will come from emerging markets, as this sector continues to experience population growth, industrialization, and urbanization. High commodity prices also help, because many emerging economies are also commodity exporters. High commodity prices ultimately improve the funds available for consumption of refined products.
Finally, a word about China China’s oil demand is important to the global oil market supply demand picture. Though oil demand is growing, the Journal experts expect the growth rate to be half in 2018 versus 2017. As many of you may know, the Chinese government is also promoting electric cars that will further restrict the use of diesel and gasoline.
Turning to crude price 2017 reminded us all how volatile the oil market could be. As OPEC implemented their production cuts, the Brent crude price started the year at the mid-$50's per barrel. The US shale producers then profited from the OPEC strategy – with very aggressive capital spending projects, which increased their production rapidly to high levels. Then the oil price plummeted again to mid-$40's per barrel.
Another important pricing impact in 2017 was the widening of the spread between Brent and WTI. This occurred because Brent went up in response to the global drawdown in supply from the major oil producers, while WTI in the US was depressed because US output continued to outgrow US demand, especially for the light sweet crudes coming from shale plays.
The spread that was $1.72 per barrel in 2016 became almost $4.00 per barrel in 2017. This wide differential boosted US crude exports to Asia and Europe upsetting some OPEC producers. The Journal experts estimate that US crude oil exports in 2017 reached a record high of 1 million barrels per day. Product exports also exceeded 5 million barrels per day. That’s a very healthy increase, and US exports are expected to continue to surge given high oil production.
In early 2018, price started moving off in the right direction – with Brent climbing to about $70 per barrel. This was a result of production cut success, some imbalances in the market, and severe decline in stocks.
Dr Xu then covered three major factors used in her short-term 2018 crude price forecast.
The first is the futures market which showed an expectation of between $40 to $85 per barrel at the end of January a wide range.
Because of this, she uses a different model with sophisticated regression techniques to determine her short-term price forecast. Her model uses real oil price which is deflated by the CPI not the futures market data. This real oil price forecast has proven to be more accurate in the past.
Her model runs showed that the oil price should continue to climb through most of 2018, reaching a peak of about $80 per barrel. Her model forecasts some decline in the fourth quarter – that honestly was very tough to explain!
Finally, Dr. Xu looks at the drivers of crude price fluctuations. Her work is based on a methodology developed by Dr. Lutz Kilian, professor of economics at University of Michigan. He has followed oil markets for over 10 years and his model decomposes three items, each with a different impact on oil prices:
- The recent strong crude price performance comes primarily from supply side considerations.
- It's interesting that the demand side is not as important.
- Finally, speculation in the future market actually has a negative effect on current oil price. Seems that the traders act differently when prices are headed up or headed down.
You can learn more from his numerous papers on the topic.
It looks like Dr. Kilian's models could be correct In just the ten days since the February 2nd webinar, crude prices have dropped over 10% to below $60 a barrel for WTI we think primarily as a result of increased US production from shale plays and a new inventory build. We will need to wait and see if Dr. Xu's forecast of rising crude prices in 2018 turns out to be true
So there you have it
The 2018 crude supply outlook thanks to Bob Tippee, and demand and crude price covered by Dr. Conglin Xu during the Oil and Gas Journal 2018 Outlook webcast of February 2nd. We've just scratched the surface there are many other interesting topics covered in the webinar and the Q and A.
We hope you've enjoyed this executive summary, and we're really happy to have Joe's input during this session. Joe, anything to add before we wrap up?
Joe:
Yes, Marty. Right now the oil price is being held up artificially by production restraint, but as you pointed out, with the global economy rebounding and oil demand growing, it will be interesting to see when the deal between OPEC, Russia, and others breaks down and the spigots re-open in the race to capture market share and larger revenues If we think volatility is a $10 to $15 per barrel variation, wait and see. All of this bodes for future volatility far ahead of today's relative calm and moderately rising prices.
Marty:
So the more things change, the more they stay the same in the volatile crude oil world
Thanks again, Joe.
Drop me a note to let us know if this podcast was helpful. And again, the Downstream Outlook from Hydrocarbon Processing is already posted on our website.
To learn more about how the oil and gas industry works, be sure to check out our new and improved Oil 101 modules at www.ektinteractive.com.
We now offer a mobile-ready version of our popular 10-part Oil 101 series – and a cost-effective design for your corporate learning systems. Let us know if you're interested, and thanks again for listening.
The post Executive Summary – Oil & Gas Journal 2018 upstream outlook with Joe Perino appeared first on EKT Interactive.
Thanks for listening to the Upstream Intelligence Channel on the EKT Interactive Oil and Gas Podcast Network.
Transcript
Take just 25 minutes to hear from Trond Ellefson, an industry veteran, now leading an exciting startup, called Invatare. His company is spearheading innovation in field production autonomous operations and Artificial Intelligence. His insights on the challenges of implementing data driven processes will be valuable to both IT and operations teams
Topics and Timestamps
[00:23] Introduction
[05:00] Oil and Gas is at an extraordinary inflection point
[11:00] $2 to $3 billion a year savings with better digitalization.
[14:30] A Bader holistic supply chain view needed
[18:30] People aspect is not being considered strongly enough
[22:00] Cross-functional asset teams not working
[23:30] Summary — It starts with Why
About the Experts
Trond Ellefsen
Currently CEO and President of INVATARE LLC, in Houston His organization connects the O&G sector using a blend of 23 of the brightest minds and cutting edge cognitive technology to make the industry work better. INVATARE is bringing the holistic integrated value chain to O&G as a self-learning and continuously improving connected ecosystem for safer and more intelligent operation.
INVATARE means self-learning and is using Distributed Artificial Intelligence at the edge and in the cloud. The autonomous edge agents improve operation using a multi-agent DDL system for re-training of subscribed to AI models in the cloud.
Prior to Invatare, Trond spent 10 years with Statoil in a variety of senior executive roles such as CIO for Statoil North America and IT digital transformation and strategy. Trond served in similar global roles at Norsk Hydro for 17 years.
Trond is currently Advisory Board Member at the Rice University Brown School of Engineering – Engineering Professional Master's Program. He was the chairman of the SPE Gulf Coast Section DETS Cybersecurity Subcommittee for two years.
Marty Stetzer
President of EKTinteractive in Houston; and producer for Oil-101, our popular, 10-part, mobile-ready series on “How the industry works, covering upstream, midstream and downstream operations fundamentals.
In parallel with a 25-year career oil and gas career, Marty has spent 15 years providing custom blended and e-learning training programs to a variety of technical audiences.
He has global upstream and downstream operations management experience with Schlumberger, Superior Oil-Mobil, Wilson Industries and Exxon, and led the downstream supply chain practice at PwC.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Links:
May 2018 Houston DDDP Conference Highlights
IT Applications and Optimization in Oil & Gas Supply Chain
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post AI Data Efficiencies in Oil & Gas with Trond Ellefsen CEO Invatare, llc. appeared first on EKT Interactive.
Thanks for listening to the Upstream Intelligence Channel on the EKT Interactive Oil and Gas Podcast Network.
Transcript
A 22-minute discussion with John Archer of Red Hat software John discusses the IT application and optimization challenges he's dealt with in 26 years of providing complex solutions to a variety of industries – including oil and gas. Of all our podcasts, this one has the most relevance to IT professionals supporting operations. John also covers the importance of the Energistics data standards consortium.
Topics and Timestamps
[03:00] Physical and technical challenges to implement digital in oil and gas
[06:00] Key issue in the shale – modeling the full supply chain
[10:00] Organizational silos that impact IT design
[12:30] Importance of the Energistics data standards.
[16:30] Society of High Performance Computing Professionals -SHPCP
[20:00] Highlights of John's upcoming DDDP conference presentation
About the Experts
John Archer
John is Senior Energy Solution Architect for Red Hat, the world’s leading provider of open source software solutions. John advises energy and utility clients on modern application and data architectures which leverage micro services, mobile, Business Rules and Process technologies — all running on container platforms. Most recently John has been focused on SCADA modernization along with Open Platform IoT based solutions to publish curated data to newly formed Data Science teams.
Prior to Red Hat, John represented Oracle at the Department of Defense working with the Air Force and Defense Manpower Data Center (DMDC) and other federal agencies. In total, he has over 26 years experience in providing I/T and business solutions to a wide variety of industries.
John also spent twelve years with Oracle and BEA Systems. When working with Upstream E&P, his focus is on production optimization, and improved rig data and real-time data analytics.
Between his time at BEA Systems and Oracle, John was at Petris (now part of Halliburton) were he was the Product Manager for the core data integration product (formerly PetrisWinds Enterprise) that allowed for the search (text and spatial), movement and data quality for the leading solutions from Schlumberger, Landmark, Paradigm, IHS – GeoLog, GeoFrame, Petrel, Petra, OpenWorks.
John represents Red Hat in the Energistics consortium and is working with MIMOSA and the Eclipse IoT community.
Marty Stetzer
President of EKTinteractive in Houston; and producer for Oil-101, our popular, 10-part, mobile-ready series on “How the industry works, covering upstream, midstream and downstream operations fundamentals.
In parallel with a 25-year career oil and gas career, Marty has spent 15 years providing custom blended and e-learning training programs to a variety of technical audiences.
He has global upstream and downstream operations management experience with Schlumberger, Superior Oil-Mobil, Wilson Industries and Exxon, and led the downstream supply chain practice at PwC.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Links:
May 2018 Houston DDDP Conference Highlights
AI Data Efficiencies in Oil & Gas
Sponsors:
EKT Interactive Oil and Gas Podcast Network
Oil 101 A Free Online Introduction to the Oil and Gas Industry
The post IT Applications and Optimization in Oil & Gas Supply Chain with John ArcherRed Hat Software appeared first on EKT Interactive.