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Iraq oil output surges despite turmoil Iraq oil output surges despite turmoil(0)

Iraq ramped up oil production to a 35-year high last month despite a worsening security situation and political standoffs in the country, but experts said more investment was needed if Iraq wants to realize ambitious output targets. CONTINUE READING

Oil reliance and lack of reform leave Gabon vulnerable Oil reliance and lack of reform leave Gabon vulnerable(0)

Gabon’s financial problems have been vastly exaggerated. An erroneous news report late last month suggested Gabon’s government had suspended salaries of government employees as it did not have adequate funds. CONTINUE READING

huguesn / Foter / CC BY-NC-SA
Ukraine crisis lifts Azerbaijan’s oil and gas profile Ukraine crisis lifts Azerbaijan’s oil and gas profile(0)

Azerbaijan would likely emerge as a winner in the Ukraine-Russia crisis, which has left Europeans fearing for the security of their natural gas supplies. CONTINUE READING

Chiara Neve / Foter / CC BY-NC-SA

 

Merger to breathe life into Egypt’s oil sector Merger to breathe life into Egypt’s oil sector(0)

Two North American oil and gas players have merged their operations in a bid to invest heavily in Egypt and other African states. CONTINUE READING

Gulf’s dominance in petrochemicals under threat Gulf’s dominance in petrochemicals under threat(0)

The Gulf’s petrochemicals sector’s revenues came tantalizing close to USD 100 billion, reaching USD 97.3 billion last year, despite strong headwinds, according to IHS CERA, an energy consultancy. The region earned USD 52.7 billion in export revenues last year. CONTINUE READING

Concerns grow over Nigeria’s ‘lost billions’ Concerns grow over Nigeria’s ‘lost billions’(0)

The suspension of Nigeria’s central bank chief has raised uncertainty for the economy as investors worry about its long-term impact. CONTINUE READING

[WW] / Foter / CC BY-SA
Oil majors rethink stake in Iraq oil and gas Oil majors rethink stake in Iraq oil and gas(0)

Iraq is emerging as one of the riskiest oil and gas jurisdictions to invest in, according to research house Sanford C. Bernstein & Co., a Wall Street investment management firm. CONTINUEREADING

L.C.Nøttaasen / Foter / CC BY
Tanzania’s LNG dream faces headwinds Tanzania’s LNG dream faces headwinds(0)

Tanzania’s push to accelerate its natural gas development has hit a speed bump as the process gets mired in legislative processes. CONTINUE READING

w4nd3rl0st (InspiredinDesMoines) / Foter / CC BY-NC-ND
Crimean crisis opens opportunity for Mideast gas Crimean crisis opens opportunity for Mideast gas(0)

An escalation of Russia’s conflict with Ukraine would send crude and natural gas prices soaring, but it would also destabilize the global economy. CONTINUE READING

Foter / CC BY-SA

 

Qatar hard-pressed to repeat LNG feat Qatar hard-pressed to repeat LNG feat(0)

Qatar’s moratorium on natural gas development in its massive North Field is expected to continue for some time, but the country will likely face headwinds when it looks to revive developments in the world’s third natural gas basin. CONTINUE READING

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