Senior Market Analyst, Commodities and Energy
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Sep 9, 2013

On Syria, voters have lost faith in the experts: Kemp

LONDON, Sept 9 (Reuters) – Syria has revealed a deep rift
between international relations experts and ordinary voters in
Britain, France and the United States over intervening in the
country following the apparent use of chemical weapons.

In 2008, the financial crisis revealed that the “masters of
the universe” who ran the banks were not actually all that good
at controlling risk – leading to a sharp reduction in their
status and influence with politicians and the public.

Sep 5, 2013

Shale cools the engineering market: Kemp

LONDON, Sept 5 (Reuters) – The market for giant engineering
projects has begun to cool after running red hot for a decade.
Mining companies have been among the most aggressive in
postponing or cancelling projects, but major capital
expenditures are also being deferred by oil and gas companies
and refiners.

Like most other developments in the oil and gas sector, the
changing environment for large-scale projects stems from the
shale revolution. Shale has transformed the outlook for oil
prices and sources of supply that underpinned so many of the
megaprojects launched earlier in the century.

Sep 3, 2013

Backlogs shrink for oil and gas megaprojects: Kemp

LONDON, Sept 3 (Reuters) – Order books for major engineering
and construction companies serving the oil and gas sector have
fallen in the last year, pricing is becoming increasingly
aggressive and profit margins have shrunk, all of which suggest
pressures on the engineering supply chain are starting to ease.

Exploration, production and refining in the petroleum
industry as well as the supply chain are characterised by long
lead times as well as long and pronounced investment and price
cycles.

Sep 2, 2013

Your kids should consider petroleum engineering: Kemp

LONDON, Sept 2 (Reuters) – Encouraged by some of the highest
starting salaries available in any industry, record numbers of
students are enrolling in petroleum engineering courses at U.S.
universities.

It is part of a broader renaissance in engineering
education, which should eventually ease severe skill shortages
in the oil and gas sector.

Aug 29, 2013

Could oil prices fall on Syria strike? Kemp

LONDON, Aug 29 (Reuters) – The rapid rise in oil prices
since the beginning of June has all hallmarks of a mini-bubble,
drawing in a host of hedge funds and money managers, nearly all
of whom are positioned the same way, expecting prices will rise
further.

The question is whether it will inflate further, or is about
to burst?

Could the commencement of military action against targets in
Syria be the trigger for oil prices to turn lower?

Aug 27, 2013

Fracking fears expose confusion about risk: Kemp

LONDON, Aug 27 (Reuters) – Should oil and gas producers be
allowed to hydraulically fracture wells even if there is a small
but hard-to-quantify risk to the environment, property and human
life?

That is the question politicians, environmentalists, local
residents and the media are all grappling with across large
parts of the United States, Britain and other countries.

Aug 23, 2013

Traders cash in on U.S. propane boom: Kemp

LONDON, Aug 23 (Reuters) – The United States has emerged as
a big net exporter of propane and other liquefied petroleum
gases (LPGs), thanks to the shale revolution, becoming a prime
supplier of heating, cooking and motor fuel for countries across
Latin America.

Where once massive gas tankers arrived importing LPG from
Algeria, Nigeria, Saudi Arabia and Venezuela, to help meet
winter heating demand in the United States, now an increasingly
large fleet of LPG tankers is taking U.S.-produced LPG south to
Brazil, Chile and Mexico, and even across the Atlantic to
Europe.

Aug 20, 2013

BP puts Louisiana justice on trial: Kemp

LONDON, Aug 20 (Reuters) – BP’s increasingly bad-tempered
spat with the U.S. federal court, claims administrators and
legal community in New Orleans over oil-spill compensation
payments suggests the company has given up trying to win the
case locally.

Instead, BP seems to be focused on getting it before
a regional or national tribunal as quickly as possible in the
hope of a more sympathetic hearing.

Aug 19, 2013

Britain’s quiet home energy revolution: Kemp

LONDON, Aug 19 (Reuters) – Britain’s homes are in the midst
of an energy-efficiency revolution, though that may come as a
surprise and not much comfort to their occupants, who are still
struggling with the highest heating and power bills for over two
decades.

Between 2005 and 2011, average household power and gas
consumption in England and Wales fell by a quarter from 26.2
megawatt hours (MWh) per year to 19.7 MWh, according to the
Office for National Statistics (ONS).

Aug 15, 2013

Britain’s fracking communities eye US-style payouts: Kemp

LONDON, Aug 15 (Reuters) – Fracking set off a modern day
land rush across the United States, as “land men” acting on
behalf of exploration and production companies scrambled to
secure rights to drill and fracture underground formations for
oil and gas.

Landowners received hundreds or even thousands of dollars
per acre in exchange for allowing wells to be drilled and
pressure pumped, and hundreds of thousands or even millions of
dollars more if the wells struck petroleum and were put into
production.

    • 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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