Energy

  • Saudi Arabia's dismissal of production cuts will keep oil prices depressed.

    Oil Prices Unlikely to Rise as Major Producers Dismiss Production Cuts

    As the recent summit of the Organization of the Petroleum Exporting Countries (OPEC) suggests, they will not lower the oil production ceiling, despite great overcapacity. What we are witnessing is not just a cyclical shift, but a new secular tend that heralds the demise of the petrodollar era in the Middle East.

    Meltdown of oil prices

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  • China has green targets, but they are a long way off.

    A Lean, Green China is Possible

    The effects of the rapid growth of the world’s second largest economy are visible everywhere. China’s pollution is raising environmental and health concerns, and steeply rising oil imports raise questions around energy security. Chinese leaders are deeply aware of the challenges and they have placed ecological goals at the same level of priority as economic, political, cultural and social policies.

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  • The TAPI pipeline is closer to reality.

    Regional Economic Cooperation Creates the TAPI Pipeline

    The Turkmenistan–Afghanistan–Pakistan–India (TAPI) gas pipeline project was first conceived in October 1997 by Central Asia Gas Pipeline Limited (CentGas). Almost 18 years later, the pipeline—often dubbed as the “on/off pipeline,” the “pipeline dream,” and the “peace pipeline”—although still on the drawing board is inching closer to reality.

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  • So far, the U.S. has been reluctant to bomb ISIS oilfields.

    ISIS Oilfield Attacks May Be Inevitable

    There has been some revealing new information coming out recently regarding the strategy against ISIS. One aspect many find troubling is the apparent failure of U.S. and coalition forces to sufficiently target and destroy oil infrastructure located in ISIS territory, which accounts for a significant portion of the terror group's annual income.

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  • Some of the largest carbon emitters are financing COP21.

    The Big Business of Climate Change

    The 21st meeting of the Conference of the Parties (or COP21) is underway, with the goal of hammering out a deal to reduce global carbon emissions top of the agenda. As well as leaders from 147 countries, there are a number of CEOs and senior managers of the world’s biggest corporations, industry associations and trade policymakers are present among the 50,000 attendees.

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  • Balancing green growth and energy needs will be one of Asia's challenges.

    The Green Asia Challenge Presents Opportunities

    Asia is a big family that varies across and within its regions, with a plethora of systems all bumping against one another. However, one thing Asia’s constituents have in common is the challenge posed by the transition to green growth. That challenge also presents enormous opportunities.

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  • An insider weighs in on the energy sector's woes.

    The Doom and Gloominess Orbiting the Energy Sector

    As the terrorist attack in Paris sparks worldwide fear of similar reprisals and a bloody shootout and hostage situation in a five-star Mali hotel exacerbates those concerns, global energy security reels under the pressure of unfathomable geopolitics. In an exclusive interview with Oilprice.com, Robert Bensh—managing director and partner at Pelicourt, a Western-owned oil and gas company navigating tricky conflict zones—discusses:

    • The terrorist threat to global energy security

    • What ISIS is really after

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  • Official attitudes need to change for PV use to spread in South Africa.

    The Drive for Renewable Energy Use in South Africa

    There has been a rapid decline in the costs of solar and wind power, to such an extent that both technologies are now cheaper than nuclear or coal. This development will radically transform global electricity generation networks.

    How this transformation takes place in South Africa will depend on the role of government, the regulator, the market and to some extent civil society.

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  • Texas oil employment is on a downward slide.

    Trouble in Texas

    Crude oil just capped off a third straight week of declines, as WTI nears the $40 per barrel threshold. Goldman Sachs is once again raising the possibility of oil dipping into the $20s per barrel.  That spells more pain for the energy sector. Many companies have already slashed spending and culled their payrolls, but the total number of job losses continues to climb.

    According to Graves & Co., an industry consultant, oil and gas companies have laid off more than 250,000 orkers around the world, a tally that will rise if oil prices remain in the dumps.

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  • Is LNG the answer for the U.K.'s energy needs?

    Kicking the Coal Habit in the U.K.

    For those watching the UK energy sector, barely a week has gone by of late without some kind of drama. A third of the nation’s coal power stations breaking down, subsidies cut for renewables but available for diesel generators, and a leaked letter suggesting missing renewable targets. This has led to much criticism at home and abroad.

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