OPEC believes that non-OPEC producers will continue to ramp production until 2017. If demand conditions don’t change that could mean that either the cartel will have to take action to cut supply, or producers as a whole will have to endure lower prices for an extended period of time.
Rigs coming off line in the U.S. are those that were already declining in production and the robust rigs are still operating. Record production of 10.3 million barrels a day from Saudi Arabia in April continue to confirm that global supplies are ramping up in the face of lower prices, not falling. The U.S. pumped 9.57 million barrels a day in the seven days ended May 22, the most in weekly Energy Information Administration data going back to 1983. Output jumped 3.3 percent, the biggest single-week increase since October 2013. U.S. oil production surged to a 43-year high, despite a price war that resulted in a more than 50 percent reduction in active U.S. oil wells.

[June 20 2010 BP accused of collusion in setting prices of crude]

Tony Hayward aboard Bob

Tony Hayward aboard Farr-designed 52 foot Bob

U.S. lawsuit, based on allegations of collusion in setting prices of crude, refined products and biofuel says. BP Plc (BP/), Statoil ASA (STL), and Royal Dutch Shell Plc conspired with Morgan Stanley and energy traders including Vitol Group to manipulate the closely watched spot prices for Brent crude oil for more than a decade. The North Sea benchmark is used to price more than half the world’s crude and helps determine where costs are headed for fuels including gasoline and heating oil.

In May, European Union antitrust authorities raided the offices of companies including Platts, BP and Shell based on allegations of collusion in setting prices of crude, refined products and biofuels.
The case, which follows at least six other U.S. lawsuits alleging price-fixing in the Brent market

[June 29 2910]
BP’s Hayward spent the day with his son at the JP Morgan Asset Management Round The Island Race, where boats race around the Isle of Wight, off the coast of southern England.

He was later spotted by photographers on his $270,000 (£182,000) Farr 52 all carbon racing yacht, “Bob”, at the event.

White House Chief of Staff Rahm Emanuel said the boating incident has “just been part of a long line of PR gaffes and mistakes” over the Gulf oil spill.

President Obama’s Chief of Staff Rahm Emanuel on Mr Hayward’s “PR gaffe”

“To quote Tony Hayward, he’s got his life back,” added Mr Emanuel, referring to an earlier comment by Mr Hayward.

“I think we can all conclude that Tony Hayward is not going to have a second career in PR consulting,”

Tony Hayward, BP’s outgoing chief executive, will replace Andy Inglis, head of exploration and production at the UK oil group, on the board of its Russian venture, TNK-BP,  in October 2010.

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May 18 “Finding Neverland” ($1,067,924) , Overall Broadway sales climbed $1.6 million to 33 shows now running, with attendance up about 13,000 to 276,445, or 87% of total capacity.
10,846 TotalAttn 90.14%%Capacity $98.46AvgPdAdm

[March 26 box office opens
]

Scheduled to open on Broadway April 15, “Finding Neverland,” the new musical about the man who created “Peter Pan,” brought in more than $1 million in its first week at the Broadway box office,

[February 21 in Broadway rehearsals]
PRODUCED BY HARVEY WEINSTEIN . The updated version, starring Jeremy Jordan (Smash) as Barrie, played to mixed reviews (and record-breaking audiences) at the American Repertory Theater in Cambridge, Massachusetts, last summer. Its current Broadway incarnation features a new opening number, new songs, a revamped script, more lavish sets, and a new leading man.
Tony winner Diane Paulus (Pippin, Hair) directs this innovative new musical featuring an original score by noted composer Gary Barlow and Grammy® winner Eliot Kennedy, with a book by celebrated playwright James Graham and choreography by three-time Emmy winner Mia Michaels (“So You Think You Can Dance,” Cirque du Soleil’s Delirium).

[August 28 2014]

Boston Globe, OK, it’s official: The Broadway-bound musical “Finding Neverland” has broken box-office records at the American Repertory Theater. The world premiere production, directed by ART artistic director Diane Paulus and backed by movie titan Harvey Weinstein, “has reached the highest attendance record for a single production in the ART’s 34-year history” and has become the highest grossing production to date, according to a statement from the theater. Starring Jeremy Jordan as “Peter Pan” author J.M. Barrie, “Finding Neverland” runs through Sept. 28, and according to the ART, so far “all performances have played to capacity crowds.”

[July 25 ART’s Finding Neverland Musical Dazzles, Is Destined for Broadway – Boston magazine’s Boston Daily (blog)]
An earlier stage incarnation of “Finding Neverland” played to mixed reviews in Leicester, England, in 2012. Since then, the entire creative team has been replaced, there’s a new book and score, and all but one actor has been replaced, with star Jeremy Jordan (“Smash,” “Newsies: The Musical’’) now in the lead role. (Hudson is not in the musical.)

Based on the Miramax film by David Magee, Finding Neverland follows the real-life relationship between playwright J. M. Barrie and the family that inspired Peter Pan, or The Boy Who Wouldn’t Grow Up, one of the most beloved stories of all time. Staged by A.R.T. Artistic Director Diane Paulus with music by U.K. pop sensation Gary Barlow (Take That) and choreography by Emmy Award-winner Mia Michaels (“So You Think You Can Dance”), this new musical explores the power of imagination to open up new worlds, and the pressures put upon those worlds by the inevitability of growing up. Finding Neverland is presented by the A.R.T. by special arrangement with Harvey Weinstein. Gazette Classification: Theater. Organization/Sponsor: American Repertory Theater. Directed By: Diane Paulus. Thursday, July 24, 2014, 7:30 PM. American Repertory Theater 64 Brattle Street Cambridge, MA 02138.

[April 1, 2011]

Michelle Williams, April '11

Michelle Williams, April ’11

Peggy Siegal, press agent, public relations woman, flack, flimflam ma’am, publicist for the Weinstein Company, recently sent out a note to would-be investors inviting them to a special reading of the musical, Finding Neverland—about, J.M. Barrie,which features music by Scott Frankel and lyrics by Michael Korie, the team behind Grey Gardens.