... allowing one to peek at the global energy landscape via the lens of a Russian oil major. As usual, I also add extra weblinks and interesting ... ... quite a remarkable rank considering that it is directly below Rosneft and near to 5th placed Gazprom. It shows that gigantomania ... ... losing 26 places and ending up 57th due to the quickly changing European market. To add salt to the wound, Gazprom is now sandwiched ... ... Full Book).
LUKoil Report Link: "Global trends in oil & gas markets to 2025"
Oil Prices are Up, Up, and Away! ...
... are extremely underdeveloped making casing, extraction and transport difficult. Key gas fields, like Kovykta, are isolated by taiga or encircled by canyons – these... ... Gazprom and other stakeholders, but a light at the end of the tunnel seems nearer as Russian politicians have stepped into to resolve some of the issues. Also, TNK-BP acquisition by Rosneft naturally resolves some of the long-lasting disputes. As the below map illustrates the extent of underdevelopment is quite obvious, particularly if compared to the European part of Russia. It is not surprising, since USSR and China have fell into hostilities...
... Chavez's death, as it hedged massive funds in developing Venezuela's energy sector; Igor Sechin, President of Rosneft, viewed it as number one foreign investment opportunity. He even famously wore a t-shirt with Chave'z picture ... ... "their man", whom they could trust (See: Bloomberg). Interestingly, an inteview I've posted with an independent Russian oil producer touched upon working with the Chinese, apparently they are good colleagues (See: OGE).
- Europe Gas Woes:
As much as Europe has attempted to look elsewhere for its energy needs, recent developments in Iraq have once again ...
