Tag Archives: Saudi Arabia
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 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 […]
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. […]
The Surprising Resilience of the U.S. Shale Industry and its Win Against OPEC and Other Major Oil producers
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 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 […]
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 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 […]
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 […]