by Glenda Pavon-Suriel   Abstract Development of hydrocarbon resources in the Arctic shelf is a topic of increasing interest. This is in light of the effects of climate change in the region and recent findings of enormous resource potential. The combination of the environmental implications of resource extraction in the Arctic with the demand for natural […]

By Alberto Perego Eni, the Italian energy company, was created in 1953. The founding head of the company was Enrico Mattei – he was told to decommission and dismantle WWII’s reserves and instead created an oil and gas giant. The Italian company (in fact, the most ‘Italian’ company in the energy sector), although hailing from […]

By Alexander Geysman This week’s review looks mostly at developments of natural gas markets globally and electricity markets in Europe as a by-product with news from Israel, France, Qatar, Ukraine and Even Australia. Also the newest acquisitions of Exxon may be somewhat interesting. Let’s take a look. Natural Gas Figure 1. Proposed Israel-Cyprus_Greece_Italy pipeline. Source: […]

By Alexander Geysman This week’s review, last in the season, takes us almost on every continent with stories about Middle Eastern oil, politics and electricity, Gazprom deals, China’s ambitions, LNG innovation and US problems. Let’s take a look. Topic 1: Middle East As usual, the Middle East was the number one topic for our weekly […]

By Timothy Abraham. This week’s review looks at the situation in exploration and production under low oil prices; developments in the Middle East; coal power updates from China and India.

by Sophie Nguebana This week’s review looks at China and Saudi Arabia’s strengthening cooperation in the energy sphere, Gazprom Neft’s first steps in fracking, Hyundai Engineering’s investment in Iran and Total’s production start at Congo’s Moho Nord oil field. China and Saudi Arabia Strengthen their relations Saudi Arabian King Salman visited China, a key stop in […]

By Daniel Tsvetanov Gazprom’s subsidiary South Stream Transport B.V. and the Swiss-based company Allseas Group S.A. signed a contract to build the second string of the Turkish Stream gas pipeline’s offshore section.[1] The deal was signed on 21 February, 2017, in Amsterdam; it complements the previous agreement of building the first string of Turkish Stream […]

By Elisabeth Nguebana. This week’s review looks at Shell’s sale of assets in Canadian Oil Sands; Rosneft’s partnership with David Yakobashvili; and Eni’s acquisition in the Eastern Mediterranean Sea.

By Sophie Nguebana On February 21, 2017, UK has imported its first LNG cargo from the American continent: Peru LNG’s tanker called Gallina brought some 60 thousand tonnes of LNG. The price of this delivery was linked to the UK’s National Balancing Point. The tanker came from Peru via the Panama Canal, which was recently […]

By Alexander Geysman This week’s review looks at how European oil majors are cutting costs and selling their assets in sub-Saharan Africa, while the US oil sector is booming. Some topics never disappear from our discussions here at ENERPO, so we touch upon the Russian developments as well. European Majors in downturn French oil group […]

by Alberto Perego Italy is the only G8 member that doesn’t use nuclear power plants for electricity generation. Germany is on the way of phasing out nuclear, and some other countries in Europe and beyond are considering following Germany’s example. Italy stopped its NPPs a while ago. In this article, I would like to look […]

by Sophie Nguebana This week’s review looks at the Gazprom and Rosneft dispute over gas deliveries, Exxon’s cuts in its reported reserves, Rosneft’s cooperation with the National Oil Corporation (NOC) in Libya, and finally the Aramco IPO which could push other gulf states to list oil assets. Gazprom and Rosneft dispute over gas deliveries Rosneft […]

by Elisabeth Nguebana This week’s issue looks at the North Stream 2 disagreement, the Donbass Blockade, and South Korean refiner SK purchase of Russian Urals crude for the 1st time in a decade. Gazprom’s pipeline ambition faces test in European courts Gazprom’s Nord Stream 2 project faces a test in European courts, as Poland, the main […]

by Timothy Abraham – Photo by Jerry Mathes II This week’s review looks at OPEC’s efforts in cutting oil production with a particular focus on Venezuela and financial, legal and practical developments in the European energy market. OIL OUTPUT, OPEC AND BEYOND OPEC beats oil output cut expectations, according to the International Energy Agency. The November […]

by Alberto Perego – Photo by Jerry Mathes II The first week of February saw the figure of the new US president Donald Trump inhabiting the background of many energy-related events. From his harder line on Iran to his links with top figures in oil and gas companies and his yet unclear position on renewables, […]

by Daniel Tsvetanov  Photo by Jerry Mathes II Gazprom plans to expand its presence on the European gas market with the realization of the Nord Stream 2 pipeline, aiming to deliver 55 billion cubic meters of Russian natural gas per year across the Baltic Sea to Germany, bypassing Ukraine. This project became a top priority […]

Welcome to the Spring semester 2017 with the ENERPO team! Every week we will bring you up to date with global news in energy. This issue looks at OPEC’s efforts in curbing oversupply in the global oil market (and how those efforts work for US shale drillers); changes in the European natural gas market; Russia’s […]

by Sophie Nguebana, Elisabeth Nguebana, Patrick Osborne, Alexander Geysman, Alberto Perego, Irina Mironova UN Climate Talks in Marrakesh The Conference of Parties, COP22 took place in Marrakesh. The participants of the meeting have discussed the way forward after Paris. At the same time, a group of climate-sceptics has gathered in Washington, D.C. to discuss the […]

by Glenda Pavon  Image by Trevor Brine The Dakota Access Pipeline (DAPL) would connect the Bakken with major markets in Illinois. The proposed path is almost 2,000km through North Dakota, South Dakota, Iowa, and Illinois. In the case of Bakken crude, the DAPL is very much needed for transport. Bakken crude is volatile, which has led […]

by Elisabeth Nguebana Photo by Jerry D. Mathes III The question of reliability of infrastructure remains at the center of security of supply. Critical infrastructure is essential for the functioning of a society and economy, in includes power plants, oil refineries and pipelines. Measures are undertaken in order to protect this infrastructure. This is called […]

Photo by Jerry D Mathes III by Sophie Nguebana, Elisabeth Nguebana, Glenda Pavon, Alexander Geysman, Daniel Tsvetanov Oil Companies Book Tankers to Store Oil in Amount Unseen in 4 Years Shipping operators report that oil companies requested up to 9 million barrel storage capacities in supertankers. That hasn’t been seen in 4 and a half years. […]

by Sophie Nguebana Royal Dutch Shell, whose revenue is estimated at $419.4 billion USD, is Europe’s largest oil company and one of the biggest unconventional E&P companies. Indeed, Shell has invested at least $24 billion in unconventional oil and gas in North America. Yet, on October 21, the company sold some of its Canadian non-core oil […]

By Alexander Geysman Over the past several years we have heard a lot of news regarding the People’s Republic of China’s efforts in nuclear energy development, and individually they may seem quite praiseworthy, but altogether they form a stunning picture. According to the IEA, since 2012 China’s installed power capacity is the largest in the […]

By Bogdan Polishchuk In many ways, the Ukrainian crisis is a fascinating case study in energy politics. Constant negotiating spats between itself and its primary supplier of energy, Russia, have racked the country. The disagreements are both political and economic, and go back long before the annexation of Crimea and the civil war in the […]

by Elisabeth Nguebana, Kelsey Zimmerman, Patrick Osborne, Alberto Perego, Alexander Geysman Paris Agreement Enters into Force The Paris Agreement, which was negotiated at COP 21 last year, entered into force on November 4, as more than 100 countries, responsible for over 73% of global emissions, ratified it. The decisive act was put forward by the EU […]

By Alberto Perego Nuclear fusion is what powers the sun and the stars. It is often seen as a thing of the future, partially enveloped in a cloud of dreams and science fiction. However, it is quite reassuring that experiments concerning this powerful energy source are being conducted in a top tech lab at MIT […]

by Elisabeth Nguebana Photo: Rosneft President, Igor Sechin, and Essar Chairman, Shashi Ruia, both gain as the Russian company gains Indian retail customers and Essar gets to pare debt. File photo: R.V. Moorthy Rosneft, the Russian energy giant, has its eyes on the Indian oil products market. To increase its presence in the Indian market, the company […]

by Sophie Nhuebana, Timothy Abraham, Elisabeth Nguebana, Glenda Pavon, Alberto Perego, Bogdan Polishchuk, Patrick Osborne  Photo by Jerry D. Mathes III Russia Prepares for Deep Budget Cuts Russia is preparing to slash government spending across the board over the next three years as it struggles to bring down the budget deficit because of lower oil […]

This article is part of an upcoming ENERPO Journal edition. Zach Waller offers analysis of the Iranian Oil Sector post-sanctions.

Gas hydrates could open up a new fuel source for import-dependent countries like Japan. Exploration of new opportunities is already underway, but comes with caveats. ENERPO student Aaron Wood reports.

Kelsey Zimmerman, Daniel Tsvetanov, Alberto Perego, Elisabeth Nguebana, Glenda Pavon, Bogdan Polishchuk, Alexander Geysman Turkish Stream to Move Ahead During his official visit to Turkey, Russia’s President Vladimir Putin announced a revival of the Turkish Stream pipeline project. The new pipeline would run under the Black Sea to Turkey before continuing onwards to Greece. Thus, […]

by Michael Roh Abstract  Emissions trading schemes, or cap-and-trade, provide a market-friendly approach for countries to reduce their CO2 emissions. Cap-and-trade works by quantifying the CO2 itself into permits, and then setting a limit, or cap, on emissions by reducing the amount of permits over time. The permits are tradable, allowing for supply and demand forces to […]

U.S. shale producers prove resilient as ever in adapting technology and methods to accommodate the less than advantageous oil prices in global markets. IMARES student Kelsey Zimmerman examines how companies have survived historic low prices.

Two major players in the OPEC feud over production cuts have finally come to an accord. ENERPO student Sophie Nguebana reports on the implications going forward.

by Alexander Geysman, Irina Mironova, Sophie Nguebana, Glenda Pavon, Alberto Perego, Bogdan Polishchuk, Daniel Tsvetanov Secret Reserves? China increases strategic reserve during price glut Geospatial analytics startup company Orbital Insight Inc. based in Palo Alto, California, announced that China may have more oil reserves than it has declared. Information is based on satellite images of […]

By Alberto Perego Iran has the largest gas reserves in the world, and the 4th largest oil reserves. Its current oil production capacity is around 3.6 million barrels a day, and it is no secret that, with the sanctions lifted, Iran plans to increase production up to 5 million barrels a day. This is not […]

by Alexander Geysman, Irina Mironova, Sophie Nguebana, Patrick Osborne, Glenda Pavon, Alberto Perego, Bogdan Polishchuk, Daniel Tsvetanov, Kelsey Zimmerman OPEC Deal: Riyadh and Tehran Reached a Pact on Reducing Crude Oil Production As producing countries gathered in Algiers for talks on September 28, Riyadh and Tehran reached a pact on reducing crude oil production. The exact […]

by Patrick Osborne The seminar, “Russia and Norway: the Polar Connection” took place on September 14, 2016 at the Russian National Geographic Society in Saint Petersburg. ENERPO students and professors were able to take part in the Polar exhibition and seminar commemorating the 20th anniversary of the Arctic Council. Professor Nikita Lomagin, Academic Director of […]

By Glenda Pavon Royal Dutch Shell recently began production at the Stones offshore field in the Gulf of Mexico. Shell formally announced the beginning of production on Tuesday, the 13th of September through a press announcement on the company’s website. The Stones, located in the Walker basin, is located 322km off the coast of New Orleans. […]

by Timoty Abraham, Alexander Geysman, Irina Mironova, Elisabeth Nguebana, Patrick Osborne, Glenda Pavon-Suriel, Alberto Perego China Wants its Nuclear Industry to Grow Dauntingly Fast Chinese city of Lianyungang saw people protesting last month against the nuclear power plant, already built in the area. China has started its nuclear adventure only in 1994 and since then […]

This opinion piece by Henrik Vorloeper is part of our upcoming ENERPO Journal edition.

By Timothy Abraham In a region where energy resources can be found in masses, both Turkey and Israel have been mostly reliant on imports. For this reason, energy has never really played a major role in the relationship between these two countries. This might change after the discovery of major gas fields off the coast […]

by Daniel Tsvetanov During the G20 summit in Hangzhou, China, the Russian Energy Minister Alexander Novak and the Saudi Arabia Minister of Energy, Industry and Natural Resources Khalid bin Abdulaziz Al Falih signed a joint declaration for the stabilization of the oil market. Novak and Al Falih agreed on joint measures and steps, recognizing the […]

Photo by Jerry Mathes III Patrick Osborne, Daniel Tsvetanov, Bogdan Polishchuk, Alexander Geysman, Timothy Abraham, Glenda Pavon Suriel ExxonMobil: Asset Valuation Reporting Standards In the oil and gas industry, many companies have gone through reductions in assets values over the past two years; this normally was accompanied by non-cash charges (expenses that reduce earnings but […]

by Irina Mironova (photo: Tesla Model S) Last Sunday, September 11, I started the academic year by giving a lecture at the EUSP Orientation Weekend. I had to tell freshmen about electric cars and their future role in the energy system. One of the most important questions here is whether electric cars can ever cut […]

by Sophie Nguebana, Daniel Tsvetanov, Patrick Osborne, Alberto Perego, Alexander Geysman, Timothy Abraham – Featured photo by Jerry Mathes III Egypt to Use Gas from Cyprus In the end of August, Cyprus and Egypt signed an agreement, under which natural gas from offshore fields located in Cyprus will be supplied to Egypt. The agreement (which […]

By Fatma Babayeva This article discusses the main concepts of Azerbaijan’s Production Sharing Agreements (PSAs), which regulate the legal, commercial, and fiscal relationships between the government of Azerbaijan and International Oil Companies (IOCs). It explores the reasons behind Azerbaijan’s preference of this type of contractual arrangement, the historical setup for PSA contracts within the country, […]

by Zachary Waller, Gevorg Avetikyan Abstract: Iranian ambassador to Russia Mehdi Sanaei visited EUSP and spoke about the long history of Russian-Iranian relations. The ambassador covered topics including the multipolar world, the different dimensions of the Russian-Iranian relationship, and, of course, sanctions – both against Iran and against Russia. After covering the topics he wanted to […]

By Michael Roh Abstract Russia, the country with the largest natural gas reserves in the world, is notably one of the largest greenhouse gas emitters. Therefore, its participation is crucial to the legitimacy of any international climate change agreement. At the 21st meeting of the Conference of the Parties in Paris, referred to as COP21, […]

By Lina Nagell Abstract This paper addresses two main questions. The first asks what the benefits to China are in joining the ECT, the second whether the One Belt, One Road Initiative will accelerate the country’s accession to the treaty. The paper finds that the main benefits facing Chinese accession to the ECT are: (1) […]