One black swan is unfortunate, two may be careless.

Summary: “Unprecedented” supply increase in the face of demand destruction. Fueling the fire.

About the publisher: Richard Norris is a leading business developer and advisor to energy investors, developers, bankers and the public sector.

Continue reading “One black swan is unfortunate, two may be careless.”

Nigeria to follow Angola off the production cliff?

Summary: Changes to fiscal terms and delays in licence renewals look likely to condemn Nigeria to declining production, following a path analogous to that of its regional challenger Angola.

About the publisher: Richard Norris is a leading business developer and advisor to energy investors, developers, bankers and the public sector.

Continue reading “Nigeria to follow Angola off the production cliff?”

Time to “woke”​ up, oil still matters

Oil production companies are about as far from being part of the self-proclaimed “woke” set as you could imagine. A dinosaur industry with its head so far in the sand (to mix my metaphors) that it can’t even see that most of its assets will stay in the ground and be worthless. Woke people know that we will be 100% renewable by the middle of next month.

This week may not change public perception, but its a pretty big wake up call to all wokeists everywhere, if they bothered looking.

Continue reading “Time to “woke”​ up, oil still matters”