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Jeff Krimmel @jeffkrimmel.bsky.social · 14/12/2024

You want to see how perverse OFS can be in one chart? NOV’s financial performance is up YoY. Its stock price is way down. Managing your business is only half of the oilfield service (OFS) game. The other half? Navigating turbulent global market waters. Best of luck out there. $NOV #energysky

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Jeff Krimmel @jeffkrimmel.bsky.social · 12/12/2024

Global oil demand growth has slowed dramatically in 2024. Each quarter, demand growth has been less than half 2023 levels. It's a big reason oil prices are near 2024 lows, and also why "drill, baby, drill" may have nearly no impact on actual US production levels. #energysky

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Jeff Krimmel @jeffkrimmel.bsky.social · 11/12/2024

In 2023, we got more generation from all energy sources than we did in 1800, 1900, and 2000...except for traditional biomass. And even biomass is only 10% off its peak. The world has an insatiable demand for energy. It's going to be tough to pivot away from any single source. #energysky

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Jeff Krimmel @jeffkrimmel.bsky.social · 09/12/2024

I wrote about how we measure the size of energy companies, and why size matters more now than ever. Foundations of Energy is my learning and development newsletter all about energy strategy and finance. I encourage you to check it out: foundationsofenergy.substack.com/p/for-energy... #energysky

foundationsofenergy.substack.com

For energy companies, size matters

Revenue, assets, market cap, enterprise value – how to measure size, and why it matters

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Jeff Krimmel @jeffkrimmel.bsky.social · 08/12/2024

Shell and Equinor are combining their UK North Sea assets. It's one more example of how oil & gas majors are seeking to find their footing through the energy transition. www.equinor.com/news/2024120...

equinor.com

Equinor and Shell to create the UK’s largest independent oil and gas company

Equinor UK Ltd and Shell UK Limited are to combine their UK offshore oil & gas assets to form a new company.

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Jeff Krimmel @jeffkrimmel.bsky.social · 08/12/2024

Renewable energy storage systems loaded onto otherwise unused freight rail cars. A wild intersection of two very different generations of premier US industrial technologies. cleantechnica.com/2024/12/07/r...

cleantechnica.com

Renewable Energy-On-Rails Scheme Deploys LFP Batteries

SunTrain is planning a new mobile energy storage system that collects renewable energy where available, and ships it by rail where needed.

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Jeff Krimmel @jeffkrimmel.bsky.social · 07/12/2024

Major oil & gas companies continue to take a scalpel to their hydrocarbon investments. They’re trying to find ways to concentrate on high leverage, long life, low emission assets. A delicate dance indeed. www.wsj.com/business/ene...

wsj.com

Equinor and Shell to Merge U.K. Offshore Oil-And-Gas Businesses

The energy majors will create a joint venture they say will be the biggest independent producer in the North Sea to help sustain domestic oil-and-gas production and secure energy supply in the U.K.

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Jeff Krimmel @jeffkrimmel.bsky.social · 04/12/2024

US construction spend in manufacturing is booming. Just truly a remarkable inflection for the world's largest economy. Spend is up 19% YoY, with real GDP up 3%. Federal support has been an important catalyst. So have lessons learned from the pandemic.

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Jeff Krimmel @jeffkrimmel.bsky.social · 03/12/2024

US natural gas prices have been trading over $3 for two weeks. It’s a far cry from where we were the first half of this year.

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Jeff Krimmel @jeffkrimmel.bsky.social · 02/12/2024

$OKLO is a nuclear power company whose stock is booming. It's backed by Sam Altman and Chris Wright - high-profile folks. I wrote 3,100 words about Oklo and the broader US nuclear power sector. I also review Kerrisdale's recent short report. foundationsofenergy.substack.com/p/on-oklo-an...

foundationsofenergy.substack.com

On Oklo, and the challenges and possibilities for US commercial nuclear power

Analyzing the $3 billion company with Sam Altman and Chris Wright on its board

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Jeff Krimmel @jeffkrimmel.bsky.social · 30/11/2024

A quick hit comparison of per barrel spend for two huge US independent E&Ps: ConocoPhillips versus EOG. It turns out $EOG spent over $2 less per barrel than $COP on well construction. Lots of apples to oranges effects going on here, but still very important to note when we compare E&Ps.

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