By Stuart Wilkinson, OEF. This is the first of a series entitled “West Africa: Important for China. But still so for the US?” that are subtitled “The importance for the US and China of sub-Saharan West African petroleum producers from 1999 to 2019”. They will look at the importance to the United States and China…
A couple of decades ago Petróleos de Venezuela, PDVSA, had plans to use part of the crude oil in the Orinoco Oil Belt as a feedstock for electricity generation. Thus “Orimulsion” came into being…
This article presents an introduction to global indebtedness and to some of the proposed solutions to the problem. Here, a long-term global perspective is needed to allow the design of adequate policies.
By Stuart Wilkinson, OEF. A couple of decades ago Petróleos de Venezuela, PDVSA, had plans to use part of the crude oil in the Orinoco Oil Belt as a feedstock for electricity generation. Thus “Orimulsion” came into being. Operations, however, were closed down in 2005 but there is little doubt that its use as a…
According to Rystad Energy, “Economic recession risk and further escalation of the U.S.-China trade war are key concerns in the near term. How long OPEC+ is willing to continue to manage production adds uncertainty,” said the head of oil market analysis at the company…
As several pipelines connecting West Texas and the Gulf Cast near completion, various companies have proposed at least eight offshore oil-export terminals…
The International Maritime Organization’s regulations that prohibit ships from using dirty fuel from the 1st January are set to bolster diesel demand, while cutting fuel oil use.
by Carmen C. Seekatz This article presents an introduction to global indebtedness and to some of the proposed solutions to the problem. Here, a long-term global perspective is needed to allow the design of adequate policies. Among the vulnerabilities seen is the level of debt, including public debt, which has increased significantly in the global…
Researchers have used liquid metals to turn carbon dioxide (CO2) back into solid coal with technology they say has the potential to revolutionize carbon capture and storage and provide a new way for removing greenhouse gases from the atmosphere…
Russia’s mainstream oil producers Rosneft, Gazprom and Lukoil increased pressure on Russia’s president Vladimir Putin to slow down preparations for the expected marriage with OPEC…
Saudi Aramco has signed a $10-billion agreement to form a joint venture with Norinco, and Panjin Sincen to develop a fully integrated, grassroots refining and petrochemical complex in Panjin…
Discoveries of shale gas in Nottinghamshire are equivalent to a trillion dollars-worth of gas, significantly higher than at one of the biggest fracking locations in the US…
The Brazilian surge, combined with more oil from shale fields from Texas to North Dakota, is set to create a headache for OPEC. In the worst-case scenario, it may force Saudi Arabia and Russia to roll…
Total and its partners, which include Nigerian National Petroleum Corp, South Atlantic Petroleum Ltd, CNOOC E&P Nigeria Ltd, and Petrobras Oil & Gas BV, have started production from Egina oil field…
YPF’s 2018 hydrocarbon production will likely fall by 3% to 4% on the year as low natural gas demand forces it to close wells and shift its focus to Vaca Muerta shale oil.
On the 27th November this year the Venezuelan company Grupo Orinoco and the International Centre for Energy and Environment (CIEA) of the Institute of Superior Administrative Studies (IESA) organized a forum, held in Caracas, entitled the “Recuperation of the Hydrocarbons Sector in the Post-Petroleum Venezuela”. The objectives of the forum: Make known a plan for…
The U.S. Energy Information Agency estimates that the South China Sea holds about 190 trillion cubic feet of natural gas and 11 billion barrels of oil in proved and probable reserves…
Up to now foreign ownership has been capped at 49%, but foreigners will in principle be able to acquire a majority stake in public companies in sectors not considered critical to national security…
Polish oil refiner PKN Orlen expects to receive a first ever shipment of Nigerian crude oil as Poland seeks to reduce its reliance on Russian supplies.
By Stuart Wilkinson, OEF. (This article continues from Part One) Guyana on the road to becoming a top producer A final investment decision on the first phase of development for the Liza field was made, and also results were reported from the Liza-4 well, which the ExxonMobil said encountered more than 197 feet of high-quality,…
