SONATRACH will launch offshore drilling

Algeria’s state-owned oil and gas company SONATRACH will launch offshore drilling with France’s TOTAL (NYSE: TOT) and Italy’s ENI (NYSE: E) on two sites in the east and west of Algeria at the start of 2019, its CEO said on Oct. 7. “We should start drilling at the beginning of next year,” Abdelmoumene Ould Kaddour told reporters […]

Follow-up Meeting on the Oil Production Reduction

The Joint Ministerial Meeting Committee (JMMC) comprises four OPEC member countries (Algeria, Saudi Arabia, Kuwait and Venezuela) and two non-OPEC countries (Russia and Oman) and will be held at the end of September 2018 in Algiers. This 10th follow-up meeting on the oil production reduction will review all recent market developments and the report provided […]

Saudi Arabia doubly bonded on Oil Prices and prevailing, but

Chatham House published on 31 July 2018 this article of Jessica Obeid, Academy Fellow, Energy, Environment and Resources Department on how Saudi Arabia doubly bonded on oil prices and prevailing, but only to find that this is not enough, because it seems to realise that its most significant challenge when it comes to balancing production, prices and […]

What happens when the carbon bubble pops?

This article by daryan12 posted on June 25, 2018 would want to be an answer to this pertinent question of What happens when the carbon bubble pops?  One of the issues regarding energy that often gets missed is the financial implications of the transition away from fossil fuels. With assets worth many trillions of dollars, which […]

OPEC convening on Friday June 22, 2018 to set output

OPEC convening on Friday June 22, 2018 to set output policy in a would-be regular meeting like all those that have been taking place since last year, to try and control the oil market is said this time to mean relaxation of production cuts. Other members like Iran, Iraq, Venezuela and Algeria have already voiced […]

Prospects for OPEC’s June 22nd, 2018 meeting

What prospects for OPEC’s June 22nd, 2018 meeting would be expected when Saudi and Russian oil ministers multiply statements since their meeting at the inaugural opening of the World Cup games. The Russian minister finding that the increase in OPEC and non-OPEC production, to 1.5 million barrels would be ” Inevitable “; the balance price not to exceed […]

U.S. shale oil drillers boosted by efficiency and drilling intensity

The Global Warming Policy Forum citing The Wall Street Journal on how The New Shale Tech That Terrifies OPEC has become reality where the U.S. shale oil drillers boosted by efficiency and drilling intensity, are lowering prices to a point that could soon hurt exporters like Saudi Arabia. What doesn’t kill you makes you stronger. […]