Don’t Be Fooled by Libya—This is a Failed State
Gunmen yesterday seized Libyan Prime Minister Ali Zeidan from a hotel in central Tripoli, releasing him shortly afterwards, but making it clear that post-Gaddafi Libya is a failed state and that the government is incapable of taking full control over its oilfields and export terminals.
Three years has seen the overturn of two government, the deaths of thousands of people and the destruction of much of the Egyptian economy. In the end, the mobs have changed nothing, except to make their own lives more miserable.
A rude jolt for motorists as they face another increase in petrol prices! The rising cost of international crude oil coupled with the volatile economy over the past fortnight is driving pump prices towards a record high.
It’s time to slash the huge oil import bill, folks, say the reports! This shocker is the latest game plan of the Indian Government; they plan to reduce the demand of fuel by limiting the fuel availability hours. The Government is pondering over a proposal and may close the petrol pumps at night.
The free fall of the rupee coupled with surge in international fuel prices saw oil companies announce Rs.2.35 per litre increase in petrol prices and that of diesel by 50 paise on Saturday.
Only the fittest can survive in today''''s market for junior oil and gas companies, which must demonstrate a great deal of ingenuity in the balancing of risk and reward. Nothing but the most exceptional oil and gas projects will win capital, and, in the words of one junior, this means “finding plays before they are exciting.” Being a junior in this market means being the best of the best, or being shut out entirely. The question is: Who is up to this make-or-break challenge, and who has the secret weapons to take it on?
The potential for a golden age of gas
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What it means for humanity
The challenges of renewable investment and technology
How the US shale boom is reshaping the global economy
Nuclear''s contribution to energy security
What is holding back Europe''s energy markets
The next big shale venues beyond 2020
The reality behind “fire ice”
Condensate and the crude export ban
The most critical energy issue facing the world today
Iraq's Deputy Prime Minister for Energy Affairs firmly stated the central government will take action, "including fiscal measures," if Kurdistan begins exporting oil without coming to an agreement with Baghdad. The remarks came as Minister Hussain al-Shahristani spoke at a conference in London on January 28. The Kurdish Regional Government (KRG) announced in mid-January that oil had begun to flow through a pipeline towards Turkey and that exports would officially start by the end of the month.
There are two major factors that have emerged in the last five years that have sparked a surge in LNG investments. First is the shale gas “revolution” in the United States, which allowed the U.S. to vault to the top spot in the world for natural gas production. This caused prices to crater to below $2 per million Btu (MMBTu) in 2012, down from their 2008 highs above $10/MMBtu. Natural gas became significantly cheaper in the U.S. than nearly everywhere else in the world.
Kenya will start pumping its first commercial oil next year and begin exporting in 2016, but this is just the opening salvo: new discoveries in recent months and fast-track new well development make Kenya the darling of East Africa from an investor’s perspective.