Tag Archives: Oil

Louis Skyner’s series of seminars for ENERPO

by Aaron Wood ENERPO Students at EUSP engaged in a series of seminars last week, from April 11th to 14th with Louis Skyner, a senior associate at the renowned London firm of Clifford &Chance. Mr. Skyner has worked for several years in energy law, and at Clifford & Chance, he specializes in banking and finance […]

The Week in Review – April 11-18

Monitoring Team – Pierre Jouvellier, Bogdan Polishchuk Iranian natural gas, what about a floating liquefaction plant? Since the US sanctions against investments in energy projects have been lifted, Iran is seeking to send its natural gas to Europe. The Iranian Oil Company is currently holding negotiations with a Norwegian company in order to build a floating […]

Tax Changes in Russian Oil and Gas

by Zachary Waller No matter where in the world you are, taxes are a complicated thing if you’re a large business. Russia is no exception to this rule. With the fall in oil and natural gas prices (and subsequent decline in state tax revenue from the sector), the Russian Federation (specifically the Russian Ministry of […]

ENERPO Workshop: Drebentsov, BP’s Chief Economist for Russia and the CIS

by John Collins Amidst the vortex of uncertainty surrounding world hydro-carbon markets, Mr. Vladimir Drebenstov, the chief economist for BP in Russia and the CIS, arrived last Wednesday at the European University to give a presentation aptly entitled the Changing World of Oil and Gas, and included projections from the latest BP Energy Outlook. The presentation […]

The Week in Review – April 04 – 10

Photo by Jerry Mathes II The Monitoring Team: Aaron Wood, Henrik Vorloeper Doha meeting turns out to be a farce already The high expectations set on the meeting between two major oil producing countries Saudi-Arabia and Russia to take place in April 2017 has already razed all hopes for those who have an interest in […]

The “Lottery Economics” of Shale – Why only smaller companies are successful in the Shale Revolution

By Henrik Vorloeper The revolution of shale has been a revolution from below. Not Chevron, ExxonMobil or Shell – major oil and gas companies who share the majority of the market and have overwhelmingly large financial assets, – were the leaders amongst the development of unconventional hydrocarbon extraction. Predominantly smaller and mid-sized independent companies, those […]

No Recovery in Sight for Libyan Oil Production

by Bogdan Polishchuk The situation in Libya has deteriorated in recent months following the ouster of Gadafi in 2011. Libya is an OPEC member and has the largest oil reserves in Africa. Bloomberg surveys suggest that Libya produced 370 000 bpd (barrels per day) of crude oil in December 2015. However, the country easily topped the paltry […]

Week in Review – March 29 – April 4

Photo by Jerry Mathes II Monitoring Team – John Collins, Bogdan Polishchuk Saudi Arabia Plans $2 Trillion Megafund for Post-Oil Era In the preparation for the ‘post-oil era’, Saudi Arabia is planning steps to diversify the economy. One of such steps is the IPO and resulting sale of up to 5% in Aramco field by […]

Energy Security of South Korea: All comes down to relations with DPRK?

by Soojeon Shin South Korea is the ninth-largest energy consumer based on 2014 data by EIA. The energy consumption has continued to increase in line with economic growth. It relies heavily on imports to meet 97% of its total primary energy consumption as a result of insufficient domestic resources. As it does not have yet international […]

Week in Review – March 21 – 28

by Lina Nagell and Zachary Waller Photo by Jerry Mathes II New Exports for Russia, Low ruble entices import of Russian goods.  Deputy PM Says Russian Economy Adjusting to Low Oil Prices, Weak Ruble Will Help Stabilize It  Russian Deputy Prime Minister Arkady Dvorkovich said Wednesday that Russia’s economy is adjusting to low oil prices […]