EMerging Equity
oil production
Instead Of Killing Fracking, OPEC Engineers Its Own Demise
By Patrick L. Young A market flooding production strategy many saw as intending to kill the US-centric shale revolution, has, if anything, only made it stronger. In essence the OPEC cartel is signing its own death warrant. As always the communique suggests harmony and continuity but behind the scenes this was apparently a more fraught OPEC … Continue reading
China To Build $2 Billion Natural Gas Pipeline From Iran To Pakistan, WSJ Says
China will build a natural gas pipeline from Iran to Pakistan to help address Pakistan’s severe energy shortage, The Wall Street Journal (WSJ) reported on Thursday. The natural gas pipeline, dubbed the “Peace Pipeline”, will provide much needed natural gas from Iran, home to the world’s second largest reserves, to energy-deprived Pakistan. “We’re building it. The process has … Continue reading
BP Says Plans To Invest $12 Billion In Egypt Gas Fields
British energy giant BP said on Friday that it had reached an agreement with its partners to invest around $12 billion on gas fields in Egypt, Reuters reported. The investment will be on the West Nile Delta (WND) in a project aimed at developing 5 trillion cubic feet of gas resources and 55 million barrels of condensates, according to the … Continue reading
Libya Requests U.N. For Tanks, Jets, Arms To Fight Islamic State; Declares Force Majeure On Oil Fields
Libya has reportedly requested the United Nations (UN) for permission to import 150 tanks, 24 fighter jets, 7 attack helicopters, tens of thousands of assault rifles and grenade launchers, and millions of rounds of ammunition from Ukraine, Serbia, and Czech Republic, according to a report from Reuters on Wednesday. The North African nation has submitted a written … Continue reading
Libya Warns Of Complete Oil Production Shutdown As Attacks Increase
Libya’s state-run oil company – National Oil Corp. (NOC) – has warned that it will shutdown oil production at all fields if the nation’s authorities fail to contain a rapid increase of attacks on its facilities, Bloomberg reported on Saturday. “If these incidents continue, National Oil Corp. will regrettably be forced to stop all operations … Continue reading
Record Iraqi Oil Output Adds More Downward Pressure On Prices
Iraq’s daily oil production reached a record 4 million barrels in December 2014 and the country is planning to increase its share of the global oil market, said Iraqi Oil Minister Adel Abdul Mahdi. The decision is likely to push oil prices even lower. “This figure was reached for the first time in history,” he … Continue reading
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