Featured Articles

OPEC Versus U.S. Shale: What’s Next for Oil Prices?

May 19, 2017 | Latest Featured Articles

By  Erik Norland | – Saudi Arabia, the top exporter among oil producers grouped under the Organization of Petroleum Exporting Countries (OPEC), and Russia announced on May 15 that they favoured extending production cuts for an additional nine months into 2018, rallying oil prices. The celebrations, however, might be short-lived. As we have pointed out on several occasions, fracking technology has made the United States a major swing producer in energy markets, diminishing the influence of Saudi Arabia and other OPEC members. OPEC members will …

Libya, Nigeria, And Iraq – A Triple Threat To The OPEC Deal

May 11, 2017 | Field Case Studies

By Nick Cunningham | – Saudi Arabia’s energy minister Khalid al-Falih tried to put the markets at ease by all but confirming that OPEC would extend its production cuts through the end of the year. He tried to talk up oil prices even further by hinting that the group might even agree to a 9-month extension. With the OPEC cuts seemingly assured for little while longer, surely the global surplus is poised to shrink in the relatively near future, pushing up prices? Perhaps. But higher production from …

How Not to Incite Oil Communities in Nigeria

April 13, 2017 | Roundtable Discussion

By Egufe Yafugborhi | – Nigeria’s Vice President Yemi Osibanjo, who, like the Minister of State for Petroleum, Ibe Kachikwu, is fond of telling people what they want to hear, declared in passing that oil companies should relocate to producing environment in the Niger Delta. Flamboyantly academic and articulate, Osibanjo flatters Niger Deltans with such promissory note and it turned instant opium that incited a legion of Niger Delta activists (jobbers or genuine), groups, communities, self-imposed leaders and crusaders into harping on “oil firms must …

What OPEC Really Thinks About Current Oil Prices

April 05, 2017 | Investment Development

Matthew DiLallo | – Given the recent market whispers that OPEC will extend its output cuts, it suggests that the oil cartel thinks that oil prices are still a bit too low for its liking. Last fall, OPEC sent shock waves through the oil market by agreeing to its first output cut in eight years. That decision marked a notable policy shift by the oil cartel, because it meant the abandonment of its pump-and-dump strategy, which it instituted in an ill-fated attempt to push high-cost shale …

Why Collaboration Could Help The Niger Delta Overcome Its Difficulties

March 30, 2017 | Field Case Studies, Roundtable Discussion

By Adrian Gonzalez  – Nigeria is a country that has amassed major oil wealth, but also suffers from extreme poverty. The Niger Delta, the country’s main oil producing region is one of the areas experiencing chronic underdevelopment and environmental degradation. Nigeria is Africa’s biggest oil exporter and suffers from what’s known as the natural resource curse – a broad term that describes how resource rich countries tend to experience less economic growth. Countries rich in resources like oil are also fertile territory for corruption. Increased national corruption in turn leads to poor development. This is certainly true …

Who Gets Control Of Libya’s Oil As The Guns Go Silent?

March 21, 2017 | Field Case Studies

By Irina Slav | – The Libyan National Oil Corporation expects to soon regain control over the Es Sider and Ras Lanuf oil terminals, which were the point of clashes between the Libyan National Army and the Benghazi Defence Brigades that ended last week with the LNA taking the ports back from the BDB. Although there was doubt as to whether the LNA would be willing to pass control over the ports to the NOC again, the company’s chairman told Reuters there is no reason to …

IEA: Oil Production Rising, Demand Slowing in 2017

March 17, 2017 | Roundtable Discussion

By Neftegaz | – The growing consensus that the OPEC oil cutback initiative isn’t working has been met by OPEC members insisting that their efforts combined with rising demand will result in a market rebalance – but a new forecast from the International Energy Agency on March 16, 2017, says demand is in fact slowing. An IEA report predicted that global demand growth for oil will drop from 1.6 million barrels per day (bpd) in 2016 to 1.4 million bpd this year, due to a …

South Sudan Oil: A Curse or a Blessing

December 30, 2016 | Field Case Studies

By Dr. Isaac Yak R. Tutdel | – The Petroleum Industry in South Sudan (PISS) was inherited from the continuing Sudan and sustains long historical records. South Sudan is endowed with significant non-renewable natural resources that would have an enormous positive transformational impact on the South Sudanese communities if polices to exploit them were for the benefits of such communities. These non-renewable natural resources comprise oil as the leading resource, uranium, copper, diamonds, gold, iron ore, mica, silver, zinc, and others. Although a sizeable reserve …