Fosil Fuels
Europe’s Largest Gas Field Could Face Larger Production Cap
The Dutch Parliament adopted a motion to review production at the Groningen gas field annually, Reuters reported on Thursday. In June, the legislature passed a 5-year output bill that sought to limit the risk of earthquakes linked to production activity…
Shell Starts Production at Stones in the Gulf of Mexico
Shell announces recently that production has started from the Stones development in the Gulf of Mexico. Stones is expected to produce around 50,000 barrels of oil equivalent per day when fully ramped up at the end of 2017. The host…
Gazprom Neft acquires two new licences in the Yamalo-Nenets Autonomous Okrug
Gazpromneft-Noyabrskneftegaz and Gazpromneft-Yamal, subsidiaries of Gazprom Neft, have won recent tendering rounds for subsoil usage rights to the Yuzhno-Noyabrskoye and Kamennomysskoye (onshore) fields, both located in the Yamalo-Nenets Autonomous Okrug, in close proximity to Gazprom Neft’s existing infrastructure. Recoverable oil…
China’s Oil Production Tanks, Foreign Oil Dependency Nightmare Intensifies
It might seem disingenuous to call any country’s foreign oil dependency a nightmare, but that’s exactly what it is. A myriad of problems stem from foreign oil dependency, ranging from a massive transfer of wealth, to securing vital supply lines…
Global Oil Demand Can Only Increase
While incremental annual gains obviously vary, there is nothing more assured than increasing global oil demand. The steady drumbeat of more people, making more money, using more oil may be boring to some, but it is also perhaps our most…
Blame Oil: Nigeria Slumps into Recession, Norway Stalls
Nigeria slumped into recession and Norway’s economic growth slowed to a standstill in the second quarter. Both countries rely on oil for a big chunk of their exports and have been hit hard by the collapse in prices. Oil has…
Gazprom and Edison Discuss Southern Route of Russian Natural Gas Supplies to Europe
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Marc Benayoun, Executive Vice President of EDF and Chief Executive Officer of Edison, took place yesterday in Milan. The meeting was focused on arranging the southern route…