... China along ESPO oil pipeline in 2014, and will gradually increase such shipments to 15 million tonnes by 2018; which is huge news for players involved (See: Interfax). Due to these deals China will overtake Germany as a top destination for Russian oil. USA and China currently both import around 6 million barrels of oil per day, with latter forecasted to overtake the long-time leader due to its booming transport sector (See: WashingtonTimes). If deal with Russia goes to plan, it should overtake the US ...
... reason for Shale Revolution occurring in the US, and arguably as many observers believe it will only be successful there, is USA’s relatively open and liberal market. Chesapeake Energy, which is now one of the leaders in shale gas production, was ... ... billion profit and hires 7,600 staff. One guesses The New Times has made a big omission here, as it is not possible to start an oil or gas company on that sum due to an each individual well costing around $3 million to bore, depending on depth, geology and ...
... substantial net-importer of gas into almost a self-sustainable entity, with a net-equal position between its imports and exports. USA even had to convert its now useless LNG terminals (which it first built at a massive cost to assure gas supplies in early ... ... potential is limited due to original LNG terminals being inflexible. Reason behind the original revolution was the high prices for oil and gas in 2007-2008, which is incredible as in a way the conventional energy lobby, somewhat, shot themselves in the foot....
... will be no immediate Mayan apocalypse as some may have felt, but in today’s world things change quickly making one ponder – what must be done to stop any changes, how to adapt to them if they occur and what if sceptics are right?
«Oil and Gas Dialogue: Russian Gas in the European Market» Joint International Forum held at IMEMO RAN conference hall on 7th December 2012; moderated by Ivanova N. I., RAN Academic and Associate Director of IMEMO RAN, and Eric Dam, General Director ...
... begin to lose market share – which has not changed in the last decade. The decision must be well calculated, yet quick, as USA has almost achieved independence from energy imports due to shale which could supply North America, Australian shale could ... ... a reliable supplier that will be a unique selling point in the turbulent world.
«3rd International Eastern Siberia Oil & Gas Conference» held at Baltschug Kempinski Hotel (Moscow), on 28th November 2012; moderated by Krutikhin M. I., Partner ...
... Islamist jihadists in Baghdad and other cities. Their aim is to provoke a reaction from Shiite militias and the Shiite-led government to resume mutual clashes between faith-based communities, which six or seven years ago took away the lives of 3.5 thousand civilians. Just like before, there is no stability and peace in Iraq.
There is oil, and the rest will follow
The leaders of local Sunni insurgents must have thought that America was bad, but Al Qaeda was even worse.
There are countries, which name alone is immediately associated with the word “oil”. Iraq is one of such ...
