- Sort by:
- Score
- Published ▼
-
Unlocking the East Med Energy Potential: A Vision for the Future
...scovered in 2011, appear to have hit a roadblock as the US major continues to buy for time with a 31 March deadline looming. Next door in Israel, just 30km away, Chevron is also faced with a conundrum – how to expand output at the 23tcf Leviathan field. The options in front of it appear problematic to sa...
Volume: 67Issue: 08Published at Fri, 23 Feb 2024 -
Economic Reform In The GCC: Is Privatization A Panacea?
...at triggered the Arab Uprisings at the start of 2011. *Paul Stevens is a Distinguished Fellow at Chatham House, London www.chathamhouse.org This paper summarizes the key findings of his latest report, released 13 December: ‘Economic reform in the GCC: A panacea for declining oil wealth?’...
Volume: 59Issue: 50Published at Fri, 16 Dec 2016 -
Iran’s Rohani: A Mid-Term Report
...cession has returned, and attributed it to the continuation of international economic sanctions and the decline in annual oil export revenues from $119bn in 2011 to an estimated $25bn in 2015 – the lowest in 10 years. Subsequently, in a scenario that appeared suspiciously pre-arranged and intended to pr...
Volume: 59Issue: 01Published at Fri, 08 Jan 2016 -
Iran: The Subsidies Dilemma
...rty wanted the other to be identified with the action. Sizable declines in annual receipt from oil exports – from $118bn in 2011 to an estimated $24bn in 2015 – due to drastic declines in oil export volumes (from 2.5mn b/d to 1mn b/d) and oil prices falling (from $108/B to less than $40/B) – ha...
Volume: 58Issue: 41Published at Fri, 09 Oct 2015 -
Iran’s Oil Production Boost Scenarios In A Post-Sanctions Era
...oduction, Iran has drawn up significant EOR plans. This involves injecting water and gas into its maturing oil fields. Iran planned to inject 330mn cmd of gas into its mature fields by the end of 2016. But since 2011, Iran hasn’t been able to execute more than 60% of its gas injection targets; in part due to...
Volume: 58Issue: 27Published at Fri, 03 Jul 2015 -
OPEC Faces $750bn Losses From Market Share Strategy
...nisters could do both simultaneously. Many outside observers and analysts (including ourselves) expected OPEC to pursue its price defense strategy by reducing its ceiling of 30mn b/d, in place since 2011. A cut to something nearer 28.4mn b/d, OPEC’s own projected global requirement for OPEC crude oil in...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
Iran: Planning A New Mirage
...ganization was divided into two newly created bureaus in the President’s office: “Planning and Guidance Supervision” and “Management and Human Capital Development.” The Fifth Plan: 2011-2015 After a long delay in its preparation, the text of the Fifth Plan was approved in January 2011 by the Majlis wi...
Volume: 57Issue: 50Published at Fri, 12 Dec 2014 -
Oil Prices: Uncertainties, Confusion And Conspiracy
...REGIONAL/SAUDI ARABIA Oil Prices: Uncertainties, Confusion And Conspiracy OPEC’s ‘need’ to maintain $100/B-plus sowed the seeds of recent oil price falls. What happens next? By-Paul Stevens* Oil prices have been falling. From 2011 to June 2014 the OPEC basket consistently av...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
The Elusive Costs And Benefits Of Saudization
...essure on the government to devise a more potent employment strategy. A broader and more rigorous quota program came into effect in late 2011. Nitaqat (bands), as it is labeled, requires private companies to meet strict Saudization ratios, differentiated by the size and sector of the enterprise. Co...
Volume: 57Issue: 36Published at Fri, 05 Sep 2014 -
IEA World Energy Investment Outlook: Can We Still Count On The Middle East?
...the modeling and analysis are based. The focus is on the ‘New Policies Scenario’. Under this central scenario, global primary energy demand increases by one third between 2011 and 2035. This overall trend, however, masks marked differences between fuels: oil grows at 13% during the period; co...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
Iraq: Is Future Near-Total Reliance On Gas-Fired Power Justifiable?
...wer Generation In Iraq (%) As for natural gas, in contrast to the $4.5/mn BTU LNG netback price used in MoE, Iraq’s average border price for possible exports of dry-gas/LNG to six destinations; calculated by the IEA (2012, p127), indicates an average netback price of $10.30/mn BTU for 2011. Th...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Egypt Pledges To Pay $1bn To International Oil & Gas Firms
...the tumultuous period that followed the toppling of President Mubarak in February 2011, deteriorating state finances and frequent changes to the political leadership meant that the funding of the energy sector was left neglected. By failing to pay up, the government discouraged IOC investment in...
Volume: 57Issue: 17Published at Fri, 25 Apr 2014 -
Iraq’s Management of its Natural Gas Potential - INES Revisited
...veloping the country’s own natural gas potential had been effectively halted. Even now, in 2014, utilization of Iraq’s natural gas, excluding Kurdistan, is around the same as it was in 2003. Since 2011 two contracts costing Iraq around $720mn have been signed to build two pipelines to import around 1.6bn cf...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
Turkey: A Hub In The EU’s Future Gas Supply Architecture?
...ason, Azerbaijan sped up the process and rapidly conceptualized the TANAP project to carry future Shah Deniz Phase II gas to Turkey. In December 2011 Azerbaijan and Turkey signed an MOU to establish a consortium to build and operate the pipeline. This initial step was followed by a binding in...
Volume: 57Issue: 15Published at Fri, 11 Apr 2014 -
Iraqi Domestic Gas Pricing: Is Reform Needed?
...IRAQ Iraqi Domestic Gas Pricing: Is Reform Needed? By- Ali Merza* According to Iraq’s Integrated National Energy Strategy (INES), published last year, which projects total energy investment of $540bn (in 2011 dollars) in 2013-30, $95bn, or 18%, is earmarked for natural ga...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Why Saudi Arabia Welcomes The US Shale Boom
...lps stabilize oil prices. Take the uprising in Libya in 2011, which cut Libyan production and led to a sharp rise in price. Over the last 12 months, when there has again been a crisis in the country, and falling supplies, there has been no repeat of the price increases. There is no doubt that the oil ma...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
GCC Single Market Failure: Problems And Solutions
...C General Secretariat statistics point to some success in the GCC single market project. In 2011: 13mn GCC citizens traveled within the GCC; 41,000 GCC citizens worked in another GCC country; 16,000 GCC citizens owned real estate in another GCC country; 35,000 licenses for economic activity we...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
US Shale Gas: A New Option For Japanese LNG Supply
...INTERNATIONAL US Shale Gas: A New Option For Japanese LNG Supply By-James Jensen Japan has increasingly been forced, since the 2009 recession, to face severe challenges to its energy and environmental policies. The March 2011 Fukushima disaster placed the fu...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
The North Sea & OPEC, Contrasting Policies, But Comparable Oil Resources?
...rrels. Avaldness Field was discovered in 2010 with reserves estimated at about 0.4bn barrels, but with upward revisions they could be nearly 2bn barrels. The Schiehallion and Loyal Fields went onstream in 1988 and had produced about 400mn barrels by 2011 when about 450mn barrels were added to the re...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Nine Approaches To Counter The Emergence Of Unconventional Oil
...an to increase crude oil exports in order to maintain revenues. In 2012, total world oil supply exceeded demand by approximately 1mn b/d compared with 200,000 b/d in 2011. Based on currently available data, the surplus in crude oil supply will continue to grow, and the disparity between oil supply an...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014