Field Case Studies

First Crude Tankers set sail from Nigeria’s Forcados since October

June 02, 2017 | Field Case Studies

By Tsvetana Paraskova | – LondonTwo Suezmax tankers fully laden with crude oil set sail from Nigeria’s Forcados terminal over the past few days, according to Platts shipping data, in what appears to be a tentative resumption of shipments of one of the country’s top export grades that has been offline since October last year. According to Platts trade flow software cFlow, the Suezmax Densa Orca left Forcados on Sunday, and the Suezmax Astro Perseus departed from Forcados on Tuesday. It was not immediately clear where the …

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 …

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 …

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 …

The Big Ripples from OPEC’s Production Cuts

December 01, 2016 | Field Case Studies

By Anthony Mirhaydari | – OPEC finally did it. On Wednesday, the oil cartel agreed to a production cut in an effort to bolster prices and relieve the fiscal pressure on member countries like Saudi Arabia, Iraq and Iran. This is a move first teased on Feb. 11, the day crude prices nearly touched the $26-a-barrel threshold, and has been a source of off-and-on headline volatility for months. Although Riyadh will shoulder the bulk of the cuts and Indonesia “suspended” participation in the cartel ostensibly out of disagreement, …

Crude Oil Rallies as Support Builds for OPEC Production Freeze

October 19, 2016 | Field Case Studies

By Daniel   Graeber | – Oil prices moved higher in early Tuesday trading as OPEC interjected itself back into the market conversation by reiterating prospects for a production freeze. An expected increase in crude oil production from Libya and Nigeria, two members of the Organization of Petroleum Exporting Countries, coupled with signs the U.S. economy was making slow but steady gains helped erode a rally in crude oil prices as investors fretted over the value of a U.S. currency used to buy barrels on the global market. Crude oil …

Why Oil Prices Will Rise More And Sooner Than Most Believe

September 27, 2016 | Field Case Studies

By David Yager | – As the September 26 to 28 “informal” meeting of OPEC producers in Algeria draws near, media speculation could easily cause mental anguish. On oil news websites simultaneous headlines claim OPEC will both fail and succeed in capping output. Called by OPEC August 8, the stated purpose of the gathering was, “OPEC continues to monitor developments closely, and is in constant deliberations with all member states on ways and means to help restore stability to the oil market”. Obviously that is …