In fall 2020, U.K. energy giant BP announced plans to slash its oil and gas production targets by 40% in the coming decades as the company makes an aggressive shift towards renewable energy targets. This shift is representative of a larger trend among energy producers worldwide. Pressure from consumers and investors,...
- 05.07.2021 12:37:45
The New Pivotal Role in Asia and Europe: Oil & Gas Likewise Industries, Energy, New Military Endeavors and Defence Strategies for New Delhi: by introducing integrated battle groups (IBGs), energy weapons, artificial intelligence, robotics and micro-satellite technologies to secure its borders,...
- 25.11.2019 16:50:55
The Most Relevant and Significant International Council of OIL was organized in Romania Bucharest, 20 – 23 October, 2019Source: Incisiv national
New International OIL & Gas and Energy Markets
New rules, arrangements, players, strategies and alliances
New policies and regulations for Energy Security as ...
- 05.11.2019 11:38:27
... the reasons Saudi Arabia did not join the Astana initiative is that Iran is a founder. The Saudis does not fear a Russian influence in Syria, but they rather fear an Iranian one. Plus, Russians and Saudis have a lot to discuss and cooperate such as Oil and Gas markets, they have to deal openly at some point. It is in none favour to go into a confrontation in Syria or the Middle-East. As a result, the Saudis had started to view the Russian role in the Middle-East as stability guaranteer. The Saudis ...
- 06.11.2017 20:38:25
On July 23, 2017, Russia’s Energy Minister Alexander Novak told the Financial Times that Libya should join the oil supply production cut agreement brokered by Moscow and OPEC last December. Russia’s decision to target Libya, alongside Nigeria and US shale gas, surprised some observers, as Moscow retains tight links to military chieftain Khalifa Haftar, who holds ...
- 07.08.2017 01:59:31
... reduction of fundings, resulted in a 19% reduction in imports.
In line with its reform of the price support system, which absorbs 25% of the budget, the Egyptian government has decided to increase the prices in two critical sectors. First, the prices of oil and gas for factories were raised by about 50%, the former going from 1000 to 1500 pounds per ton, while the latter increased from 4 to $ 6 per each million units.
Beside energy, the other sector touched by this policy is that of drugs, where the ...
- 27.12.2016 22:22:00
In 1994, when Azerbaijan struck the ‘Contract of the Century’, it seemed that the republic’s future was defined for many years to come. The infamous oil contract has had a tremendous effect on Azerbaijan’s role and presence in the world energy network: an estimated 233 billion barrels worth of oil made Azerbaijan a new Saudi Arabia at the crossroads of Europe and Asia, and an energy corridor everybody ...
- 26.05.2016 14:24:00
By Brian E. Frydenborg, February 26th, 2015 (updated February 27th-28th)
Originally published on LinkedIn Pulse here
If you think your site or another would be a good place for this content please do not hesitate to reach out to me! Please feel free to share and repost on LinkedIn, Facebook, and Twitter (you can follow me there at @bfry1981)
One of the sad things about looking at current commentary about Russia, America, and the state of their relationship is the lack of measured and reasoned...
- 27.02.2015 05:12:00
During the last part of 2014, optimism steadily raised over the unusually low prices of oil and their allegedly positive economic effects on the economies of oil importing countries. Although some evidence points in this direction, a more thorough assessment leads unfortunately to different conclusions.
The Deceptive Optimism
Late in ...
- 17.02.2015 14:11:00
Undoubtedly, the plummeting of oil price is one of the most observed and debated topics of this year's end, both for its economic and political implications. These kind of events are hardly ever random, or driven by market forces alone. In this article I will examine the reasons ...
- 30.12.2014 21:27:00
... course, solely the author's own, and do not represent the official views of either the U of Michigan, Ann Arbor, or its Energy Institute, of which the author has been a Fellow since 2008 or so. I have been following the world energy industry, and the oil industry in particular, on a daily basis, ever since my MBA thesis on the evolution of Oil Tanker Shipping at the Sloan School at MIT. I have also been receiving and studying the annual Statistical Survey on World Energy published by BP since the ...
- 09.07.2014 15:04:00
To borrow the words of Christof Ruehl, Group Chief Economist and Vice President of BP, this time around the multinational oil supermajor aimed to “shake-up the crystal ball” by recalibrating some of its old formulas in the bid to provide a fresh outlook on the way global energy markets will evolve. In this post Casing Point explores to what results this recalibration ...
- 02.03.2014 19:14:00
... challenges singlehandedly. As the conference went on a news emerged that Canada just applied to have its seabed boarders extentended into the Arctic seafloor by about 1.7 million sq km, where an estimated 30% of world's untapped gas and 15% of oil is preserved (Daily Mail, 2013). A similar claim was made by Russia in 2001, when it filed the UN's CLCS for an extension by arguing that the underwater Lomonosov Ridge was an extension of its territory which amounted to 1.2 million sq km....
- 11.12.2013 06:16:00
... look for solutions. RD: Could you give a specific example to illustrate why we need to harmonize environmental legislation? A.Z.: Well, the U.S. and Canada have very, very strict environmental restrictions. which also now include the lessons from the oil spill in the Gulf of Mexico. If the same incident happens in the Arctic, the consequences will be much more disastrous not only for coastal states, but also for the entire Arctic. And these nations have introduced such high requirements for any offshore ...
- 28.11.2013 14:28:00
... transpired along an explosion of vast riches for opportunists. However, aside from meeting other pirates, Jack would soon learn that he has entered one of the most vital and fiercely contested waters of the seven seas. He would grasp he has been embroiled into one of the biggest geopolitical chess games, except all the pieces are real and the consequences of a checkmate are colossal. Hence, in this post we explore what makes these waters so important and potentially volatile. Please Enjoy & Feel ...
- 08.10.2013 14:58:00
If we agree that diamonds, malachite and tantalite are a curse for D.R. Congo, then oil must be the penultimate stained Holy Grail of the entire world. It aids Middle Eastern dictators in their bids to be the last man on their thrones, causes thirsty states to indulge in most sinful actions, pushes profit-driven corporations to exploit ...
- 13.09.2013 16:47:00
... transportation for new cars. As this shift is occurring, under the breeze of economic prosperity across Asia, South America and even Africa, the global energy balance is tipping, particularly as the new economic frontiers are moving at unprecedented pace. LUKoil's 2025 report focuses on these shifts with regards to demographics, motorization, OPEC policy and rapid changes in exploration and production of hydrocarbons. This report is the first of its kind for LUKoil, allowing one to peek at the global ...
- 25.07.2013 04:02:00
... energy, its only natural room to manoeuvre seems northwards. Even if the world does not tremble, Russia fears that at the least Eurasia will shake. As promised, this is the second post in this special series and once again I am joined by the Head of Oil and Gas at the Energy Research Institute of the Russian Academy of Sciences, Dr. Tatiana Mitrova. We discuss: sinicisation, geopolitical mistrust, energy deals, the Central Asian Ace & more! Please, feel free to comment & enjoy!
- 01.07.2013 13:01:00
... applied. In this post issues like energy weaponry (enormous logical fallacy in my opinion), market reforms, looming contract litigation, energy security, shale revolution and domestic challenges will be discussed. In this post I am joined by the Head of Oil and Gas at the Energy Research Institute of the Russian Academy of Sciences, Dr. Tatiana Mitrova. This is the first of two posts from this special series, so keep tuned, please feel free to comment and enjoy!
My regular readers ...
- 14.06.2013 00:32:00
... years Europe has lingered around recession with little light at the end of the tunnel. Is someone, or something, responsible for this crisis? Perhaps, is it a virtue of the capitalist system, its agents, or other factors?
The continuous eurozone turmoil provides a microcosm for the wider global economy. It has variously been described as a financial or a fiscal crisis, caused either by an over-leveraged banking system or by unsustainable budget deficits and sovereign debt. But perhaps with the exception ...
- 01.05.2013 17:46:00