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 ... ... the standpoints highlighted at this year’s IMEMO RAN event; the “Oil & Gas Dialogue” (26/04/13). As usual, I will offer additional links to expand our... ... 'seven sisters', who reflected the global power balance – with USA and still Great Britain dominating this list. Today, many of the top Western oil...
... Saddam, about ¼ of Iraqi output was lost in comparison to year 2000, which means it will be a major challenge with the current difficult political climate.
Europe Refines A Meltdown
As a consequence of recent energy trends the European oil refineries are in systemic crisis. USA’s reduction of gasoline imports due to shale and commissioning of highly effective oil refineries in the Middle East/Asia has filled many rooms with pessimism. The period of 2004-2008 branded by LUKoil as the ‘golden age’ of European refining, has come to ...
... competitiveness of Russian gas and oil – for instance, the taxation system needs a lot of attention as it is a very heavy burden on the energy industry. The current tax burden of 73% per barrel is unlikely to increase, but it is very high, in contrast the USA's 44% out of each barrel sold. In the UK a dual system exist with a portion of tax going to old oil/gas wells to maintain their production levels which seems very rational and perhaps a case to look into, but vitally this cumulative tax rate is still a lot less than in Russia at around 60%. The problem for Russia is that the oil and gas industry is ...
... interest rates across the whole eurozone, fuelled credit and real estate bubbles in the USA and Europe, which burst in 2008-9 amid the global ‘credit crunch’.
... ... current phase of the continuous capitalist crisis differs from previous times of turmoil because global finance capitalism has eroded the moral economy on which all economic... ... creating an anti-Russian stance. Has this occurred due to European attempts to lower gas import prices, or more serious underlining issues? Europe’s potential alternative...
... to the heavily LNG focused Asian states. But still, Gazprom made good progress by shifting 9% of Japanese LNG and 7% of its oil in 2011 to Asia. Vladivostok LNG terminal, due for launch in 2017, will increase capacity matching the rising demand, particularly ... ... companies and academics nevertheless did not abandon the possibility that it could become a reliable partner for South Korea gas needs. Perhaps, in the perfect world, where the last delegate to DPRK is not Denis Rodman and it does not want to destroy USA, both South and North could cooperate in all fields, including energy matters.
At a junction – ES-2030:
ES-2030 ...
... already apparently invested $1.52 billion into US shale, with an aim to increase its global oil production to 200 million tonnes by 2015 - very ambitions (See: RT). China has also pushed to invest into natural gas-stations for transport vehicles in the USA, as by switching from oil to gas reduces pollution (See: ChinaEN). One wonders, if China this way wants to get closer to US shale technology, as one must point out that the US has been highly reclusive of it, not even allowing Chinese passport holders to its production sites. For ...
... 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 launched with just $50,000 by its founders Aubrey McClendon and Tom Ward; it now makes $11.6 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 ...
... «Energy Outlook Until 2035». Today I wish to share its findings and conclusions with anyone who is interested in the oil and gas industry. Before commencing, I just want to give all the appropriate credits and the report link. Please Feel Free to Comment ... ... 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 ...
... 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 of Energy ...
... 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... ... $70 per 1000 cubic meters, Australia at $120-$140 and Algeria and Qatar sell natural gas just above that. But Russia could continue to compete if it improves efficiency... ... selling point in the turbulent world.
«3rd International Eastern Siberia Oil & Gas Conference» held at Baltschug Kempinski Hotel (Moscow), on 28th November...
