Tag Archives: Oil

Week in Review – March 13-19

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 […]

Russia and Saudi Arabia Stabilizing the Oil Market: A Prisoner’s Dilemma?

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 […]

Week in Review September 12 – 18

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 […]

The Week in Review September 5 – 12

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 […]

The Nature of Product Sharing Agreements in Azerbaijan

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, […]

Getting Into the Swing: U.S. and Saudi Arabia as Swing Producers

By Lina Nagell Photo: Jerry D. Mathes II Saudi Arabia has functioned as a global swing producer in the oil market since the 1970s, before abandoning its role in 2014. Amongst changing market conditions, some observers still latch on to the idea of a global swing producer. While some believe in the resurrection of the […]

Venezuela: From Oil-Rich to Desperate

By Michael Roh When it rains it pours. In Venezuela’s case, when it doesn’t rain, the country with over 60% of its domestic electricity produced by hydropower, inevitably suffers. But the country that once experienced great fortune with its oil riches has already been suffering. With or without the rain, poor economic policy, along with […]

The Week in Review April 26-May 2

The Monitoring Team: John Collins, Irina Mironova   Photo credit: Jerry D. Mathes II Political Instability helps reduce glut in supply Bloomberg news reported on April 28 that, in lieu of effective collusion between the World’s largest producer states, political instability in Africa and South America would do for world oil markets what Saudi Arabia […]

After Doha: What’s Next?

by Zachary Waller Photo: Jerry Mathes II Russian Energy Minister Alexander Novak got some attention in February when he said Russia was prepared to join the Organization of the Petroleum Exporting Countries (OPEC) in a Saudi-proposed deal to cut oil production five percent. Those remarks proved to be relatively foresightful, as Russia, Saudi Arabia, Qatar, and […]

The Week in Review (April 18-25)

The Monitoring Team: Glenda Pavon and Zachary Waller Photo: Jerry Mathes II Doha Creates Some Gains Oil producers saw prices soar leading up to last week’s failed production freeze talks in Doha.  Since the news came out that Russia and Saudi Arabia were considering a freeze, prices rose about 29%. Brent went up by about […]