Senior Market Analyst, Commodities and Energy
John's Feed
Jul 22, 2014

Shale plays reduce political risk: Kemp

LONDON, July 22 (Reuters) – Shale plays are ideal for oil
and gas companies that need to limit risk in countries with a
history of political and economic instability and poor respect
for private property.

The ability to manage political risk, coupled with a world
class resource, explains why international oil firms are showing
strong interest in the shale resources of Argentina’s Neuquen
basin, despite the country’s record of political and economic
unrest, serial default, and expropriation of foreign property.

Jul 21, 2014

Flirting with default, Argentina enjoys oil drilling boom: Kemp

LONDON, July 21 (Reuters) – Holders of Argentina’s defaulted
debt and their supporters have warned the country risks being
frozen out from international capital markets unless it finds a
way to solve its legal problems by the July 30 deadline.

But away from the bad-tempered litigation in U.S. courts,
which has dominated the news about Argentina for months, the
country is experiencing an oil drilling boom as international
companies seek to cash on its huge shale resources.

Jul 21, 2014

Britain should privatise onshore oil and gas deposits: Kemp

LONDON, July 21 (Reuters) – Oil and gas taxation has become
a major source of conflict between producers and Britain’s tax
authorities.

But like other indirect taxes, the amount of attention oil
and gas taxes draw is out of all proportion to the amount of
money they raise for the treasury.

Jul 17, 2014

U.S. over-reaches with sanctions on Russian energy firms: Kemp

LONDON, July 17 (Reuters) – Targeting major Russian energy
firms may come to be seen as the turning point at which U.S.
sanctions policy over-reached and spurred a major effort to
re-route financial transactions away from the United States.

Prohibiting core Russian energy companies such as Rosneft,
Gazprombank, Novatek and Vnesheconombank from arranging equity
or long-term debt finance from or through “U.S. persons” marks a
major escalation in the sanctions battle between the United
States and its European allies on the one hand and the Russian
Federation on the other.

Jul 17, 2014

Peak petroleum engineer? Or still time to join the boom? Kemp

LONDON, July 17 (Reuters) – Petroleum engineers are among
the best paid professionals in the United States. Only chief
executives and some specialist doctors earned more last year,
according to federal government pay data.

Petroleum engineers were paid an average of $132,000 a year,
with the top 10 percent on more than $187,000, according to the
Bureau of Labor Statistics (BLS).

Jul 16, 2014

The Big One: Russia’s Bazhenov shale: Kemp

LONDON, July 16 (Reuters) – As U.S. and EU policymakers have
imposed targeted sanctions on Russian individuals and firms in
response to the crisis in Ukraine, Western companies have sought
to insulate their own projects from the political imbroglio and
continue developing the country’s vast oil and gas resources.

Exxon Mobil and Shell have joint ventures
with Rosneft and Gazprom respectively to
explore and produce shale oil and gas from beneath the swampy
plains of Western Siberia and both want to be allowed to
continue operating there.

Jul 15, 2014

The real shale revolution: Kemp

LONDON (Reuters) – By now everyone knows the shale revolution was made possible by the combination of horizontal drilling and hydraulic fracturing.

But although fracking has captured the popular imagination, and is often used as a synonym for the whole phenomenon, horizontal drilling was actually the more recent and important breakthrough.

Jul 9, 2014

Pentagon uses wrong oil price and fails to hedge fuel bill: Kemp

LONDON, July 9 (Reuters) – The U.S. Department of Defense
has been using the wrong oil price in its budget, leaving the
largest single buyer of fuel in the world with liabilities
potentially hitting billions of dollars.

The Pentagon continues to rely on WTI prices even though
Brent oil is more relevant to the cost of fuels it buys on
behalf of the armed forces.

Jul 9, 2014

Cleaning up coal: Kemp

LONDON, July 9 (Reuters) – According to the popular
narrative, coal is locked in a fight to the death with natural
gas and renewables to supply clean electrical energy.

Promoters of gas, wind and solar often talk about coal as if
it were not just a rival but an enemy. Environmental campaigners
want to phase out coal-fired power plants and leave most of the
world’s coal reserves below ground.

Jul 7, 2014

China’s arid north feeds water-rich south: Kemp

LONDON, July 7 (Reuters) – Booming demand for food in
China’s southern and eastern cities is worsening water shortages
in arid northern provinces, adding to the country’s
environmental problems, new research shows.

“Consumption in highly developed coastal provinces is
largely relying on water resources in the water-scarce northern
provinces, such as Xinjiang, Hebei and Inner Mongolia, thus
significantly contributing to the water scarcity in these
regions,” an international group of researchers wrote in the
latest edition of the journal Environmental Science and
Technology.

    • About John

      "John joined Reuters in 2008 as one of its first financial columnists, specialising in commodities and energy. While his main focus is on oil markets, he has written broadly on the emergence of commodities as an asset class, regulatory issues and macroeconomic themes. Before joining Reuters, John spent seven years as a senior analyst for Sempra Commodities (now part of JP Morgan) covering base metals and crude oil. Previously, he worked as an analyst on world trade, banking and financial regulation for consultancy Oxford Analytica."
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