Oil & Gas Investment needed to unlock Algeria’s gas supplies Algeria has helped to plug Europe’s gas needs following Russia’s invasion of Ukraine, but industry experts say future growth in exports can only be sustained with further investment. Africa’s largest gas exporter saw its share of EU gas imports increase to 44 billion cubic metres last year, accounting for around 12 percent of the total, […] May 4, 2023
Energy BP plans assets transfer into new venture with Adnoc BP is planning to transfer assets into a new joint venture with the Abu Dhabi National Oil Company (Adnoc), which will focus on developing new gas resources in the East Mediterranean, said chief financial officer Murray Auchincloss. “BP expects to contribute assets to form the joint venture,” he told Reuters without providing details or costs. […] May 3, 2023
Energy Saudi Crown Prince and Putin discuss Opec+ deal Saudi Crown Prince Mohammed bin Salman and Russian President Vladimir Putin discussed the Opec+ deal to cap oil production in a telephone call on Friday. The two leaders expressed satisfaction with the level of cooperation between the respective countries to bring stability to the global oil market, the Kremlin said in a statement. “The conversation […] April 23, 2023
Energy Turkey to start pumping Black Sea gas from April 20 Turkey will begin pumping the natural gas discovered in the Black Sea into the national grid on April 20, President Tayyip Erdogan announced. In December 2022, the president announced the discovery of an additional 58 billion cubic metres (bcm) of natural gas reserves at the Caycuma 1 block in the Black Sea. The country’s natural […] April 9, 2023
Opinion Economy Opec+’s cuts will be viewed dimly by the US The cuts are here to stay, and the global economy will need to adjust April 7, 2023
Energy Iraq revives $10bn deal vital to increasing its oil output Iraq has agreed terms on a long-stalled $10 billion deal with France’s TotalEnergies and QatarEnergy. The deal includes building a seawater treatment plant, which is vital to increasing oil output in Iraq, Opec’s second largest crude producer. The Baghdad government wants to nearly double Iraq’s oil production to 8 million barrels per day (bpd) by […] April 5, 2023
Opinion Energy What does Saudi Arabia know? A lot about global oil markets The kingdom and Opec+ have a knack for calling the market right, says Frank Kane April 4, 2023
Opinion Energy Russia is the big loser from the weaponisation of energy Invasion of Ukraine has badly damaged Moscow's oil and gas industry February 23, 2023
Opinion Energy Russian sanctions have rejuvenated the world’s ‘ghost’ oil market Moscow says it will not comply with an oil price cap, but may have little choice if it wants to continue selling February 17, 2023
Adnoc Distribution ready to explore Egypt after Total purchase Adnoc Distribution is expanding its fuel retail business to Egypt after buying a 50 percent share in local operator TotalEnergies. The subsidiary of Abu Dhabi National Oil Company said on Wednesday that it had completed the purchase of the stake from TotalEnergies Marketing Afrique. The agreement includes a portfolio of 240 service stations, 100-plus convenience […] February 15, 2023
Opinion Cop28 Everyone needs a seat at the Cop28 table, including oil CEOs Sustainability, security and stability must be carefully balanced as we move towards net zero. The energy industry can and should take a leading role January 26, 2023
Energy UAE-UK Business Council unveils blueprint for energy transition The UAE and UK must step up co-operation on clean energy if they are to meet their decarbonisation targets, the UAE-UK Business Council has said. The council’s energy transition white paper, published on January 17, said there was “an untapped commercial opportunity to be exploited from closer collaboration between both countries in terms of developing […] January 17, 2023
Opinion Energy A new cap on Russian oil leaves world relying on the Gulf Middle East producers will be the main beneficiaries as markets look elsewhere for supply December 14, 2022
Opinion Energy Opec+ decides to wait and see on global oil markets Sunday’s virtual Opec+ meeting did the sensible thing: it held output, but made clear it was ready and willing to intervene should the circumstances warrant it December 5, 2022
Analysis Africa’s gas dilemma as Europe offers ‘get rich quick’ opportunity Africa is facing a dilemma: provide gas for Europe now with short-term economic gain or focus funding on the development of renewable energy sources, with long-term energy security, economic growth and stability. Driven by the opportunity to take advantage of soaring prices, gas-exporting African countries are adjusting their energy development plans to meet demand, particularly […] December 2, 2022
Cop28 Developing countries call for new taxes on oil and gas producers By the end of the second full day of Cop27 the tone of the conference had been set. One after another, leaders of developing countries took to the plenary stage to voice their frustration and demand that rich nations offer more support to help combat the effects of climate change. After Barbadian prime minister Mia […] November 9, 2022
Opinion Energy Gas crisis may attract ‘energy migrants’ to Middle East International companies may have to rethink their strategy as bills continue to rise November 1, 2022
Opinion Energy Lebanon eyes Israeli gas to ease energy woes Gas could ease disastrous energy shortages but it doesn’t replace the work of reforming Lebanon’s failed political system October 20, 2022
Opinion Energy OPEC+ cuts reopen wounds between West and GCC members Geopolitical dilemma: while the US is concerned about energy price hikes during the midterm elections, OPEC+ is acting to safeguard its own member interests October 11, 2022
Opinion Energy Opec+ treads fine line between oil markets and geopolitics Alliance's minimal moves on production are statement of intent as it straddles the wishes of the US and Russia September 6, 2022
Opinion Energy The answer to OPEC’s investment dilemma is in its own hands OPEC members worried about 'years of underinvestment' have a choice: open up to more international partners or increase their oil output August 15, 2022
Opinion Energy OPEC’s minor production increase was the only viable option The fact that OPEC is running out of spare capacity in a constrained market is another concerning factor August 5, 2022
