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Higher prices and lower costs

Something has shifted for oil companies: they suddenly have extra money to spend, which is quite a turn of events from the oil price slump days. Investment bank Morgan Stanley is stating the March quarter from five global oil majors—Shell, Chevron, ConocoPhillips, BP and Exxon—will be the highest since the first quarter of 2011, equaling…

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$85 by July?

Oil prices are at 3 1/2 year highs (finally!), but is that it or is there more gas in the tank? It seems popular energy analyst and Pulitzer Prize-winning author, Dan Yergin, thinks oil prices are going to rise even higher, and very quickly. Yergin, vice chairman of IHS Markit, told CNBC, “We could see…

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What unexpected import boom is helping the recent surge in oil prices?

Both OPEC and IEA expected China to slow down their oil demand growth, but instead, they’ve ramped it up. In fact, last year, China surpassed the U.S. to become the world’s largest oil importer, and 2018 is continuing the trend. In previous years, China never exceeded imports of more than 37 million tons in a…

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Continued outreach sharing the TAG Oil story

TAG Oil recently spent three days in Arizona for the annual Capital Event Conference’s Scottsdale conference, marking another successful marketing event for the Company. Representing TAG for the second year in a row were Toby Pierce, CEO, and Chris Beltgens, VP Business Development. The conference provided an opportunity for TAG to catch up with investors…

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ERC Equipoise Oil Price Review Reports – 2018 Q2

We’re pleased to announce the Q2 2018 ERCE Oil Price Review is now available. This quarterly report, which ERC Equipoise has allowed TAG Oil to share with its investors, provides oil market fundamentals and trends, as well as a look into oil price assumptions presented by ERCE and other petroleum consultants, analysts and agencies. In…

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Key oil trends 2017

Following up on our last post of 2017 natural gas trends, here are highlights from the IEA’s Key Oil Trends of 2017. Oil Production: Led by the Organisation for Economic Co-operation and Development (OECD) Americas, OECD annual oil production increased by 2.6% in 2017.  More than half of the production was from the United States, while…

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Natural gas trends of 2017

The International Energy Agency (IEA) recently put out a report of the key natural gas trends of 2017. Some highlights are recapped below. Natural Gas Production: Production in OECD (Organisation for Economic Co-operation and Development) countries grew 2.4%. While OECD Americas continued to account for nearly three-quarters of all OECD production, and moderate growth was…

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Oil prices poised to rise…

We keep hearing it. Oil prices are rising.  Or the most recent article we’ve run across: “Oil Prices Poised to Rise as Cycle Comes to an End,” posted by Oil Price. As we all know, oil has always been very cyclical.  But the down cycle has outlasted the average down cycle, which historically runs no…

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Successful Flow Tests at the Pukatea-1 Well

A new TAG Oil oil and gas discovery in the Taranaki Basin has TAG and its shareholders pleased and optimistic. Especially with Brent oil prices back up around the $70 mark. When we entered New Zealand exploration so many years ago, we were well aware of the potential of the prospect-rich oil and gas fairways,…

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