... 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 energy landscape via the lens of a Russian oil major. As usual, I also add extra weblinks and interesting info. Hence, please feel free to comment and most importantly - enjoy!
Challenging Year, but LUKoil Moves Forward:
Last 12 months have been challenging for oil majors, mining ...
... spilled and many keys to be worn-down. For many, this phenomenon was of great interest naturally due to China’s huge size and its equally large potential; especially, in contrast to the economically and politically stagnating West. However, for Russia, this re-emergence plays an exceptional role which stirs much uncertainty and mistrust, as once this giant wipes of the rheum around its eyes and springs back full of energy, its only natural room to manoeuvre seems northwards. Even if the world ...
... friendly for shale production in the West, but Europe is currently concerned about water pollution and other side-effects of fracking. On 1 April and 27 May 2011 two earthquakes with magnitudes 2.3 and 1.5 were felt in the Blackpool area, UK; these earthquakes ... ... make their products competitive. As experts at VNIIGAZ argue, an institute for natural gas, large scale shale production in Russia does not make economic sense before around 2025-2030. Russia has plenty of natural gas, the most in the world, and realistically ...
The 3rd International Conference coincided with a fairly damp economic climate and unstable political atmosphere across many energy exporting states, thus in all building up naturally not overly optimistic mood. However, in respect to the Russia situation it was far from bleak as instability was actually playing into its favour. Iran’s expulsion from the global political and economic landscape, clashes across Syria and Libya and Iraq’s failure to restart sizeable production ...
