According to the Australia Institute, the country has 3,000 operational mines but over 60,000 abandoned or orphaned mines.
Thanks to OPEC and Russia’s agreement to restrict supply, and rising world demand for crude, the Brent oil price has climbed past $82 a barrel, a big increase on the $56 prevailing at the same time last year and a four-year high. Also, the collapse in oil prices in 2014 […]
What? Investment activity in exploration and production is starting to pick up. Why? Oil prices have increased by nearly 25 % compared to the same period last year thanks to OPEC production restrictions. What next? The prospect of peak demand for oil and gas is likely to make investors more cautious. Oil and […]
Nic Newman looks at some of the issues facing Transneft, operator of Russia’s largest oil pipeline network, which carries over 85% of the oil produced in Russia. See PR+June+2018+p34-36
The transition from the fossil fuel age to a low carbon environment is underway and gathering speed under the combined forces of increasingly stringent environmental regulations and technological innovations. In response, oil majors and countries are diversifying into gas as a bridging fuel and renewable energy. As early as the […]