Senior Market Analyst, Commodities and Energy
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Aug 28, 2014

Free cash flow says little about the future of shale: Kemp

LONDON, Aug 28 (Reuters) – The independent companies at the
forefront of the U.S. shale boom will finally earn enough from
selling oil and gas to cover their capital expenditures next
year, for the first time since 2008.

Free cash flow, which measures operating cash flow minus
capital spending, for the 25 leading independent oil and gas
producers is expected to show a surplus of $2.4 billion in 2015,
according to a consensus forecast in the Financial Times.

Aug 28, 2014

Joint petroleum development in the South China Sea: Kemp

LONDON, Aug 27 (Reuters) – Shared development of oil, gas
and possibly other natural resources is the most promising
option for reducing tensions in the South China Sea and should
be the focus of efforts to improve diplomatic relations between
China and its coastal neighbours.

Joint development agreements (JDAs) are already common
across Asia. Most of the countries with a disputed claim in the
South China Sea have signed at least one joint agreement to
explore for oil and gas, either in the South China Sea or in
neighbouring areas like the Gulf of Thailand and the East China
Sea, so there are plenty of precedents to draw on.

Aug 26, 2014

East and South China Sea disputes need creative diplomacy: Kemp

LONDON, Aug 26 (Reuters) – China and the United States
appear headed for a damaging confrontation over the extent of
China’s territorial claims in the South and East China Seas.

Now that China has become the world’s largest importer of
oil, and energy more generally, the country’s need to develop
more indigenous energy supplies has become urgent.

Aug 22, 2014

Could shale revive China’s flagging oil fields? Kemp

LONDON, Aug 22 (Reuters) – “I believe and will prove that
our country is not deficient in oil reserves. If I can use my
20-year lifetime in exchange for a large oil field, I will.”

Those comments, recorded in an illustrated history of the
Songliao Basin published by China National Petroleum Corporation
(CNPC), are attributed to Wang Jinxi, an oil field worker who
became a hero of Communist China during the 1960s and 1970s.

Aug 20, 2014

Maths and science are increasingly critical to career success: Kemp

LONDON, Aug 20 (Reuters) – For those trained in law, social
sciences and the arts, I have some bad news: the best days may
be over because the future belongs to scientists, engineers and

In high school and university classrooms across the United
States, a quiet revolution is underway as students adapt to a
difficult job market by choosing more quantitative disciplines.

Aug 19, 2014

Natural gas can keep those motors running: Kemp

LONDON, Aug 19 (Reuters) – Cheap natural gas is starting to
revolutionise traffic on U.S. roads, cutting bills for some of
the country’s heaviest fuel users while reducing carbon
emissions and other pollution.

The revolution is still in its very early stages. Gas
remains a niche vehicle fuel, with last year’s nationwide
consumption less than the amount of gasoline and diesel
dispensed in the tiny state of Vermont.

Aug 15, 2014

Petroleum producers shift attention from Middle East: Kemp

LONDON, Aug 15 (Reuters) – Following four decades of war,
sanctions, nationalisation and unrest, oil and gas producers are
gradually adjusting to rely less on the Middle East.

The countries around the Persian Gulf and on the Arabian
Peninsula still contain the greatest concentration of giant and
super-giant fields anywhere in the world and have some of the
most attractive oil and gas geology.

Aug 13, 2014

Why railroads are taking a fresh look at natural gas: Kemp

LONDON, Aug 13 (Reuters) – Gas-fuelled locomotives are not a
new idea. Plymouth Locomotive Company built the first
propane-fuelled rail engine as early as 1936.

The industry has experimented with natural gas-fuelled
trains on a small scale for the past 80 years without ever
moving beyond the prototype stage.

Aug 12, 2014

Next energy revolution will be on roads and railroads: Kemp

LONDON, Aug 12 (Reuters) – From modest beginnings in the
Barnett shale beneath the city of Fort Worth, unnoticed by most
energy analysts, horizontal drilling and hydraulic fracturing
spread across North America and transformed all aspects of the
energy landscape in under 10 years.

Now the most important question for energy analysts is what
technology will revolutionize the system next.

Aug 7, 2014

Bakken is no more, or less, dangerous than other light crudes: Kemp

LONDON, Aug 7 (Reuters) – Bakken crude is no more dangerous
than other light sweet crudes and poses no greater risk when
transported by rail, according to a report prepared for the
North Dakota Petroleum Council (NDPC), which represents oil
producers and shippers in the state.

The NDPC report, written by engineering consultants Turner,
Mason and Company, and based on laboratory tests conducted by
the international inspection firm SGS, counters charges that
Bakken is unusually dangerous and pushes back against assertions
by U.S. government regulators that the oil is so uniquely
dangerous that it requires special safety measures.

    • 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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