Nigeria’s Oil Wealth and International Relations: Multilateral and Bilateral Lending and Decolonial Therapies
Before Angola surpassed Nigeria as Africa’s top oil producer in April 2023, Nigeria was Africa’s main oil exporter even before the country gained independence in 1960.
Pétrole : l’attaque du Hamas contre Israël nourrit des craintes autour de l’Iran
Les Etats-Unis, alliés traditionnels d’Israël, pourraient être amenés à encadrer plus strictement l’application des sanctions contre Téhéran, pays qui représentait 4 % de l’offre mondiale de brut en 2022. Voire à les durcir s’il est avéré que l’Iran a aidé à planifier les actes terroristes du Hamas.
Saving Energy in a Hurry: Reducing Dependence on Russian Hydrocarbons Requires Resolute Demand and Supply Sides Action
Facing Russia’s aggression on Ukraine, European countries have enacted economic and financial sanctions against Russia.
Mexico’s Energy Policies During the Presidency of Andrés Manuel López Obrador: Sovereignty and Security
In power for three years, President López Obrador leads a National Revolution. The energy sector sees the strengthening of the State and state-owned companies, the Federal Electricity Company and Petróleos Mexicanos, against the liberalization principles implemented in the Energy Reform (2013-2014).
Turkey’s New Gas Discovery in the Black Sea and Its Potential Implications
Turkish President Recep Tayyip Erdogan announced Turkey’s biggest gas discovery ever on August 21, 2020. Initial findings show that the estimated reserve capacity is 320 billion cubic meters (bcm) of gas.
Russia, the Global Sanitary Crisis and Oil Meltdown: Revisiting Power and the Enemy
In global affairs, the Covid-19 virus makes all countries, powers and individuals equal in one dimension: none is immune to or spared from contamination. In an open and interdependent world, we are all exposed to global sanitary and environmental degradations. Russia is no exception: it has gone into lockdown, with increasing economic and social costs adding up to the fall in oil and gas prices and upcoming impacts of the global recession.
Russia’s Energy Strategy-2035: Struggling to Remain Relevant
Russia’s Energy Strategy to 2035 (ES-2035) enters, finally, the home stretch. The Ministry of Energy submitted its version of the document to the Russian Government in early October 2019.
Oil rent and Corruption : the case of Nigeria
This study analyses the various mechanisms that explain the leakage of the main source wealth in Nigeria at all levels of the production and commercialization of oil and gas, from the wellheads, with the bunkering of pipelines, up to the export of crude oil and the import of refined products, including through capital flight to tax havens.
The US Oil Embargo on Iran: A New Oil Shock?
The 14 July 2015 Vienna agreement on Iran’s nuclear activities (Joint Comprehensive Plan of Action – JCPoA) was a game changer on the geopolitics in the Middle East and for the oil market. The oil sanctions were lifted and Iran increased significantly its production and exports. On 8 May 2018, President Trump announced that the United Stated (US) would withdraw from the agreement. Financial sanctions were reintroduced. From 5 November 2018 onwards, further sanctions will be re-imposed more specifically on petroleum related transactions, including the purchase of petroleum, petroleum products and petrochemical products. What could be the impact of this new embargo? Is there a risk of a new oil supply and price shock?
Oil Exploration and Production in Africa since 2014. Evolution of the Key Players and their Strategies
The fall in oil prices, which began in fall 2014, had a significant influence on the strategies of the key players in the oil industry in Africa.
Nigeria’s Oil Wealth and International Relations: Multilateral and Bilateral Lending and Decolonial Therapies
Before Angola surpassed Nigeria as Africa’s top oil producer in April 2023, Nigeria was Africa’s main oil exporter even before the country gained independence in 1960.
Russia, the Global Sanitary Crisis and Oil Meltdown: Revisiting Power and the Enemy
In global affairs, the Covid-19 virus makes all countries, powers and individuals equal in one dimension: none is immune to or spared from contamination. In an open and interdependent world, we are all exposed to global sanitary and environmental degradations. Russia is no exception: it has gone into lockdown, with increasing economic and social costs adding up to the fall in oil and gas prices and upcoming impacts of the global recession.
Russia’s Energy Strategy-2035: Struggling to Remain Relevant
Russia’s Energy Strategy to 2035 (ES-2035) enters, finally, the home stretch. The Ministry of Energy submitted its version of the document to the Russian Government in early October 2019.
The US Oil Embargo on Iran: A New Oil Shock?
The 14 July 2015 Vienna agreement on Iran’s nuclear activities (Joint Comprehensive Plan of Action – JCPoA) was a game changer on the geopolitics in the Middle East and for the oil market. The oil sanctions were lifted and Iran increased significantly its production and exports. On 8 May 2018, President Trump announced that the United Stated (US) would withdraw from the agreement. Financial sanctions were reintroduced. From 5 November 2018 onwards, further sanctions will be re-imposed more specifically on petroleum related transactions, including the purchase of petroleum, petroleum products and petrochemical products. What could be the impact of this new embargo? Is there a risk of a new oil supply and price shock?
Trump's Tax Reform and Trade Policy: Renewables Spared, Oil Industry Wins
The energy sector is one where the break between the Trump and Obama administrations is the most pronounced. The three officials in charge, Rick Perry at the Department of Energy (DoE), Scott Pruitt at the Environmental Protection Agency (EPA) and Ryan Zinke at the head of the Department of the Interior (DoI), share the same indifference to the issue of climate change, the same will to encourage oil and gas production in the USA in order to bring an era of American “energy dominance”, the same desire to promote the extraction of “beautiful, clean coal”, to paraphrase President Trumps’s State of the Union address, and the same deep mistrust of renewable energies such as wind and solar.
What Perspectives on the US Oil Policy ?
This Edito highlights how oil, since its discovery in 1859, has played a major role in the US international policy and economy throughout decades, becoming a key tool of the american leadership.
The US Shale Oil Revolution: The Test of the Business Model is Underway
Since 2010, the United States has been undergoing a second shale revolution with the very rapid development of Light Tight Oil (LTO) or shale oil, following the revolution in shale gas. This development has allowed the production of oil and liquids to increase, so that the US is the world’s largest producer today, ahead of Saudi Arabia and Russia.
IEA Crisis Management: Evolving with the Risks
Last week the IEA chose not to renew its June strategic stock release. It was the right decision. The volumes of strategic crude and product taken up by the market will be reaching refineries now and incremental volumes produced in the Arabian Gulf will be steaming towards markets.
A Look at the IEA 2011 Release of Strategic Oil Reserves
This paper examines the motivations and the potential consequences of the International Energy Agency’s coordinated action to release petroleum stocks on June 23, 2011.
The U.S. Oil and Gas Boom
A funny thing happened in the last few years when no one was paying attention. J.R. Ewing, the legendary Texas oilman, and his wife Sue Ellen sold Southfork, their ranch near Dallas, and moved to a new home in Pennsylvania (Northfork?). JR immediately began buying subsurface mineral rights for acres of land above the Marcellus and Utica shale formations in the Appalachian Basin.
Pétrole : l’attaque du Hamas contre Israël nourrit des craintes autour de l’Iran
Les Etats-Unis, alliés traditionnels d’Israël, pourraient être amenés à encadrer plus strictement l’application des sanctions contre Téhéran, pays qui représentait 4 % de l’offre mondiale de brut en 2022. Voire à les durcir s’il est avéré que l’Iran a aidé à planifier les actes terroristes du Hamas.
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