Energy

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

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.

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.

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.

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.

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.

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

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.

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.

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.