Egypt's gas balance is set to improve

2016 ◽  
Keyword(s):  
Fast Track ◽  
Oil And Gas ◽  
Solar Power ◽  
Gas Production ◽  
Oil And Gas Production ◽  
Content Type ◽  
Oil Companies ◽  
Exploration And Production ◽  
The Government ◽  
Gas Balance

Subject Gas sector update. Significance Despite sharp reductions in oil companies' global exploration and production, Egypt is attracting multi-billion-dollar fast-track upstream oil and gas investment. Cairo has already made progress in addressing key imbalances in its energy sector, and succeeded in reducing arrears to oil companies. Boosting upstream oil and gas production will eventually help stabilise the budget. Impacts Egypt's gas balance could turn positive by 2020, reducing the country's demand for LNG and oil product imports. Incentives for renewables, particularly solar power, are a likely path for diversifying the energy mix and stemming domestic gas demand. The government is likely to remain committed to generous PSAs. It will also probably advance domestic gas pricing reform to maintain the upstream sector's current momentum.

scholarly journals Analisis Curse Theory pada Sumber Daya Alam Migas Bagi Warga Madura

2018 ◽  
Vol 14 (1) ◽  
pp. 12
Author(s):  
Mohammad Hidayaturrahman
Keyword(s):  
Oil And Gas ◽  
Gas Production ◽  
Community Empowerment ◽  
Government Programs ◽  
Oil And Gas Production ◽  
Oil And Gas Exploration ◽  
Exploration And Production ◽  
State Income ◽  
The Government ◽  
Oil And Gas Sector

Government policies in natural resource management, especially in the oil and gas sector face a lot of problems. However, the government also has a responsibility to improve the life of people affected from oil and gas exploration and production activities. This research was aimed at investigating how the implementation of policies run by the central and local government toward the oil and gas management and community empowerment, especially the community located closely  to oil and gas exploration and production activity in Madura, East Java. This research method is phenomenological research using descriptive qualitative approach. Therefore, this study is conducted through direct observation on the object during the research time. The data collection is done through observation and interview. The results of this study revealed that it is needed an integrated step done by the government, vertically, whether central, provincial, district, and village to synchronize oil and gas management and community empowerment programs. By doing so, the ideas and desires to improve the welfare and increase the state income will be realized, especially in focusing corporate and government programs improving citizen’ economic and education, whose area becomes the location of oil and gas production.

Global energy M&A will be limited in 2016

2016 ◽  
Keyword(s):  
Private Equity ◽  
Oil And Gas ◽  
Oil Prices ◽  
Oil And Gas Industry ◽  
Gas Production ◽  
Gas Industry ◽  
Oil And Gas Production ◽  
Content Type ◽  
Oil Companies ◽  
Conventional Oil

Subject Prospects for consolidation in the oil and gas industry. Significance Falling revenues and downward reserve valuations caused by the fall in oil prices are producing merger and acquisition (M&A) opportunities in the oil and gas sector. However, uncertainty about how long oil prices will stay low is keeping bids and offers apart, amid quandaries over which forms of oil and gas production will prove most profitable once prices revive. Impacts Post-bankruptcy restructured companies may be primary targets, given acquirers' unwillingness to take on elevated levels of debt themselves. Mid-cap companies with serviceable debt loads will gain from increased scale; cost reduction capacity will be a source of value. Shale cost reductions suggest that technology and assets in the shale patch will remain attractive to more conventional oil companies. Values of long lead-time projects, such as conventional oil assets in Africa, will suffer. There is substantial firepower available to private equity buyers who are holding out for lower prices prompted by distressed sellers.

Trump worries will weigh on Canada's economic agenda

2016 ◽  
Keyword(s):  
Oil And Gas ◽  
Gas Production ◽  
Political Support ◽  
Oil And Gas Production ◽  
Content Type ◽  
The Pacific ◽  
The Us ◽  
Us Presidential Election ◽  
The Government

Significance Trump’s victory in the US presidential election has created worries in Ottawa that a more protectionist line from Washington could further dampen weak Canadian business investment and export growth. The government of Prime Minister Justin Trudeau has announced additional fiscal measures to stimulate economic growth, strengthen long-term economic competitiveness and provide more inclusive economic opportunities. Impacts Increased US oil and gas production could keep prices low, crimping the benefits of Canadian midstream investments. Backsliding on emissions reductions by Washington could sap political support for activist policies by Ottawa and other jurisdictions. US failure to ratify the Trans-Pacific Partnership would see Canada pursue bilateral arrangements with the Pacific Rim.

scholarly journals Russian NFG, TNC and SOC of the oil and gas complex on the regional and world markets

2020 ◽  
Vol 186 (11-12) ◽  
pp. 21-27
Author(s):  
Violetta Kuzmina ◽  
◽  
Marina Parhomchuk ◽  
Irina Minakova ◽  
◽  
...  
Keyword(s):  
Russian Federation ◽  
Oil And Gas ◽  
Gas Production ◽  
The European Union ◽  
Oil And Gas Production ◽  
Oil Companies ◽  
Macroeconomic Analysis ◽  
The Russian Federation ◽  
The Government ◽  
Oil And Gas Sector

The most powerful Russian NFG (national financial group) (Lukoil, Tatneft, Sibur Holding), transnational companies (TNCs) (Gazprom, Rosneft) and small oil companies (SOCs) (Sibir Energy PLC, West Siberian Resources) operate in the oil and gas complex. The oil and gas complex traditionally acts as a guarantor of the country’s energy security. The new economic conditions in 2021 are associated with a decrease in demand for oil and products from it, high dependence on imports, and the suspension of wells to complete a deal under OPEC ++, which will lead to a market drop by 3-10%. The purpose of the paper is to conduct a comparative analysis of Russian NFG, TNCs and SOCs in the regional and global oil and gas markets. The initial materials used to conduct the research were statistical data from the Center for Macroeconomic Analysis and Short-Term Forecasting, the Ministry of Economic Development of the Russian Federation, the Analytical Center under the Government of the Russian Federation and world rating reports. The pandemic and self-isolation of 2020 have led to a decrease in the intensity of global supply chains, affecting Russian NFGs, TNCs and SOCs in the oil and gas sector. The Russian oil and gas sector has lost 50-60% of its proceeds from the export of hydrocarbons, which is more than 50% of its capitalization. To support the industry, the Ministry of Industry and Trade of the Russian Federation will have allocated RUB 35 billion by 2024. Today, Russian NFGs, TNCs and SOCs operate in conditions of a negative damper, contraction of the domestic market, reduction of crack spreads and restrictions on production growth. Therefore, the following is relevant for them: for NFGs - search for new sales markets (for example, Asia), for TNCs - the use of innovative technologies to maintain the profitability of oil and gas production, for SOCs - development of small deposits and deposits with hard-to-recover reserves. For TNC net importers of oil from the European Union, Japan, and Korea, the electromobilization process is a potential source of economic growth. European majors, such as BP, Equinor, Shell and Total, have set decarbonization goals, transforming from oil and gas to diversified energy companies.

scholarly journals Paradox of Poverty in the Midst of Abundant Resources: The Politics of Oil Resources and Renewed Insurgency in the Niger Delta Region of Nigeria

2018 ◽  
Vol 1 (1) ◽  
pp. 9-19
Author(s):  
Boris Happy Odalonu
Keyword(s):  
Niger Delta ◽  
Oil And Gas ◽  
Youth Unemployment ◽  
Gas Production ◽  
Delta Region ◽  
Oil And Gas Production ◽  
Oil Companies ◽  
Niger Delta Region ◽  
Oil Resources ◽  
The Government

Nigerian state depends majorly on oil resources for her economic survival. Over 85% revenue generation to the Nigerian government are derived from oil production in the Niger Delta. In spite of this, Niger Delta region illustrates a paradox of poverty in the midst of abundant resources. The region remains one of the poorest and least developed parts of the country. The region suffers from environmental pollution, pervasive poverty and underdevelopment. These culminated to series of peaceful agitations to draw the attention of the government for solution to their challenges but due to the insensitivity of the government and oil companies operating in the region to their plight it degenerated to violent agitations, hence the insurgency and militancy in the region. The effects of all these were the disruptions of oil and gas production, reduced national revenue, withdrawal of foreign capital, kidnapping of expatriate oil company staff and so on. In a bid to curb the insurgency and militancy in the region, the Federal Government initiated the amnesty programme in 2009. Seven years after, the issues of environmental degradation, youth unemployment, poverty and underdevelopment that led to militancy and insurgency in the region remain unresolved. Thus, there was renewed insurgency from January to December, 2016 in the region. The paper argues that, granting of amnesty to the militants is a temporarily solution to the problems and until the grievances of the region are sincerely tackled by the government, the issues of militancy and insurgency will remain unabated and may degenerate.

scholarly journals Analisis Risiko Pengadaan Tanah Untuk Eksplorasi dan Eksploitasi Minyak dan Gas Bumi (Studi Kasus : PT.Pertamina EP- Paku Gajah Development Project)

2020 ◽  
Vol 1 (I) ◽  
pp. 93-126
Author(s):  
Presetyo Firgianto ◽  
Prof. Dr. S. Pantja Djati, M.Si., MA
Keyword(s):  
Public Interest ◽  
Oil And Gas ◽  
Development Project ◽  
Gas Production ◽  
Land Acquisition ◽  
Government Programs ◽  
Oil And Gas Production ◽  
The Public ◽  
The Government ◽  
Quantitative Descriptive

Upstream oil and gas activities both searching up to oil and gas production are government programs where activities are regulated in legislation. Before drilling, to obtain oil and gas reserves, the need for land for drilling activities is a step that must be passed. Since the upstream oil and gas activities are government programs, the government guarantees the availability of land for such activities that can be classified into the public interest and set forth in Law No. 2 of 2012 on Land Procurement for Development for the Public Interest.               The formulation of the problem in this research is : How the stages of activities Land acquisition for the public interest PT.Pertamina EP - Paku Gajah Development Project?, What are the opportunities and impacts at each stage of the activity ? Land acquisition for public interest PT.Pertamina EP - Paku Gajah Development Project ?, and How is the mitigation effect of each stage of Land Acquisition activities for This research uses semi-quantitative descriptive method. The data collection tool used is questionnaire with liekert scale (1-5). The results of this study indicate that the stages of land acquisition for the public interest consists of planning, preparation, implementation, and delivery of results.

scholarly journals A REVIEW OF NANOTECHNOLOGY APPLICATIONS IN THE OIL AND GAS INDUSTRIES

2019 ◽  
pp. 1-14
Author(s):  
B.M. Das ◽  
D. Dutta
Keyword(s):  
Oil Recovery ◽  
Oil And Gas ◽  
New Technology ◽  
Minimum Cost ◽  
Gas Production ◽  
Oil Fields ◽  
Drilling Fluids ◽  
Oil And Gas Production ◽  
Exploration And Production ◽  
Exploration Drilling

Nanotechnology encompasses the science and technology of objects with sizes ranging from 1 nm to 100 nm. Today, exploration and production from conventional oil and gas wells have reached a stage of depletion. Newer technologies have been developed to address this problem. Maximum oil production at a minimum cost is currently a huge challenge. This paper reviews nanotechnology applications in the oil and gas production sector, including in the fields of exploration, drilling, production, and waste management in oil fields, as well as their environmental concerns. The paper reviews experimental observations carried out by various researchers in these fields. The effect of various nanoparticles, such as titanium oxide, magnesium oxide, zinc oxide, copper oxide, and carbon nanotubes in drilling fluids and silica nanoparticles in enhanced oil recovery, has been observed and studied. This paper gives a detailed review of the benefits of nanotechnology in oil exploration and production. The fusion of nanotechnology and petroleum technology can result in great benefits. The physics and chemistry of nanoparticles and nanostructures are very new to petroleum technology. Due to the greater risk associated with adapting new technology, nanotechnology has been slow to gain widespread acceptance in the oil and gas industries. However, the current economic conditions have become a driving force for newer technologies.

Environmentalism and the Globalization of the Oil Industry in Rio de Janeiro, Brazil

2018 ◽  
Vol 45 (5) ◽  
pp. 186-203 ◽  
Author(s):  
Maria Guadalupe Moog Rodrigues
Keyword(s):  
Rio De Janeiro ◽  
Environmental Governance ◽  
Oil And Gas ◽  
Gas Production ◽  
The State ◽  
Civil Society Organizations ◽  
Longitudinal Case Study ◽  
Oil And Gas Production ◽  
Oil Companies ◽  
Environmental Mobilization

The state of Rio de Janeiro has become a hub for oil and gas production and infrastructure since Brazil entered the global oil market in the 2000s. Observers have anticipated increasing tensions between environmental activists and oil companies. These predictions have not been fulfilled, despite increasing evidence of environmental degradation caused by oil production. What could be hindering environmental mobilization in defense of the environment and affected populations and against the unrestrained expansion of oil infrastructure in the state? A longitudinal case study of environmental activism in defense of the Guanabara Bay ecosystem suggests that answers must consider the combined effects of democratization, political and regulatory decentralization, and neoliberal reforms on socioenvironmental activism—specifically, its weakening as civil society organizations confront increasing burdens of participation in policy making, deeply fragmented institutional and regulatory frameworks for environmental governance, and the expansion of opportunities to engage in collaborative arrangements with corporations. O Estado do Rio de Janeiro tornou-se o centro da infraestrutura e produção de gás e petróleo desde que o Brasil ingressou no mercado internacional de petróleo nos anos 2000. Analistas vêm antecipando crescente tensão entre ativistas ambientais e companhias petrolíferas. Contudo, essas previsões não se concretizaram, não obstante evidência da degradação ambiental que a produção de petróleo vem causando. O que poderia estar impedindo a mobilização em defesa do meio ambiente e populações afetadas, e contra a expansão desmedida da infraestrutura petrolífera no estado? Um estudo de caso longitudinal do ativismo ambiental em defesa dos ecossistemas da Baía de Guanabara sugere que as repostas a essa questão devem considerar os efeitos combinados da democratização, descentralização política e regulatória, e reformas neoliberais no ativismo socioambiental—especificamente, seu enfraquecimento à medida que organizações da sociedade civil confrontam crescentes custos de participação nas políticas públicas, fragmentação de arcabouços regulatórios e institucionais de governança ambiental, e a expansão de oportunidades de engajamento em arranjos colaborativos com corporações.

Egypt will increase gas production to raise investment

2018 ◽  
Keyword(s):  
Beneficial Effect ◽  
Gas Production ◽  
Balance Of Payments ◽  
Content Type ◽  
Self Sufficiency ◽  
Exploration And Production ◽  
Fixed Prices ◽  
The Government ◽  
Upstream Investment

Significance The government wants to maintain upstream investment momentum following recent successes in increasing gas production to regain self-sufficiency and restart exports. Impacts Increased investment in exploration and production should bolster confidence in Egypt’s ability to honour its export commitments. New contracts would allow companies to sell their share of production, without being obliged to sell to the government at fixed prices. Gas exports will not generate huge revenues, but self-sufficiency will have a beneficial effect on the balance of payments.

There is no easy solution to Cuba’s fuel challenges

2019 ◽  
Keyword(s):  
United States ◽  
Oil And Gas ◽  
New Technologies ◽  
The United States ◽  
Gas Production ◽  
Oil Price ◽  
Oil And Gas Production ◽  
Content Type ◽  
Generating Capacity ◽  
Major Producer

Subject Cuba's energy troubles. Significance With a previously generous Venezuela facing economic crisis and the United States tightening sanctions, Cuba’s ability to augment its limited domestic oil and gas production is severely constrained. It lacks the export earnings to invest in new technologies and power generating capacity that could ease its fuel supply problems. Russia and China have spoken of offering assistance, but neither is inclined to provide handouts in the absence of commercial returns. Impacts Cuba has tried to trade more with Algeria and Angola but remains vulnerable to international oil price shifts. As a major producer of both sugar and biofuels, Brazil could provide a model for Cuba’s biofuel plans. Cubans are resilient and accustomed to hardship; the country’s looming economic troubles are unlikely to trigger serious unrest.

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