It is likely that any further production cuts by OPEC and Russia to maintain prices will be harder to implement if all it does is boost American oil producer’s profit margins and encourage greater investment in well drilling and completions.
The GCC states are facing up to the challenge of combining energy diversity with security
With the lessening of U.N. sanctions and expected inflow of foreign capital and technology, it is predicted that gas will be the basis of Iran’s future prosperity and foreign exchange earnings. The country is home to 33.5 Tcf of natural gas, equivalent to 18% of the world’s total gas reserves, […]
Nicholas Newman November 2017 Virtually all of the fossil fuels, including the coal, crude oil and natural gas we use today, was created millions of years ago before, during and even after the days of the dinosaurs. Since then, such materials have played an important part in mankind’s evolution… Virtually […]
Nicholas Newman Pipeline Gas Journal August 2017 Israeli Pipeline Prospects Politically, Economically Complex Israel’s desire for increased energy security, alongside the opportunity of importing natural gas through the planned Arish-Ashkelon gas-pipeline in the 1990s, encouraged the adoption of that fuel. Between 2008 and 2012, the Arish-Ashkelon pipeline brought Egyptian gas […]