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.
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.
Strategies of African national oil companies
The study and comparison of different National Oil Companies (NOC) help understanding the political history of Algeria, Nigeria and Angola. The NOC’s role and activities depend on several economic and political aspects. For example, Angolan Sonangol has been the coffer for the Popular Movement of Liberation of Angola (MPLA) party to fund its struggle against the National Union for the Independence of Angola (UNITA) party during civil war.
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.
Middle East, the new "Great Game"
Will a divided Middle East become the center of a new “Great Game”? The world’s global powers are aligned in it: the United States, falsely tempted by retraction; Russia, establishing its position in an unexpected state of play, France, destabilized by the contradictions of its own policy… In addition are tussles for regional hegemony between Iran, Turkey, and Saudi Arabia.
Hopes for a New Energy Independency in Egypt
The recent discovery of the giant Zohr's gas field will drastically change the energy future of Egypt, which is today increasingly dependent on imports to meet its growing domestic demand.
Ghana and the Oil Sector: Beyond the Resource Curse?
Four years after the Jubilee block went into production, we can make an initial assessment of the governance of Ghana’s oil resources. In terms of its institutional structure, Ghana is seen as a model for the entire continent.
Local Content Strategies in the Oil and Gas Sector: How to Maximise Benefits to Host Communities
Editor: Deborah Sherwood, published by Institut francais des relations internationales (Ifri)
South Sudan: From Disaster to Chaos
South Sudan is still neither a state nor a nation. Torn apart by ethnic rivalries, divided between diverging ideas about state organization, its only means of political dialogue is war.
The European Refining Crisis: What is at stake for Europe?
The European Refining sector is in crisis. The wave of refineries closures has spared no EU Member States.
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. Cliff Barnes, J.R.'s nemesis, sold all his Texas properties and moved to North Dakota, where he started leasing mineral rights to acreage above the Bakken shale play.
Libya: Old or New Picture? Risks of political uncertainty for the gas and oil business
Libya has an opportunity to get back on track. The end of embargoes and sanctions after the conclusion of the “February Revolution” is favoring a fast production growth.
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.
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.
OPEC: It Is about More Oil - Not Quotas
OPEC has certainly gone out of its way to show how little relevance it has in today’s oil market. It has successfully imported all the political rhetoric and malaise of some of its most unstable members.
The Effects of Baghdad Politics on Kurdistani Gas Prospects
This paper examines the effects of internal Iraqi politics on the potential for exporting Kurdistani natural gas. It examines Baghdad’s policy with regards to both oil and gas, and predicts what effects it will have on Kurdistan’s gas prospects.
Oil and Gas Delivery to Europe: An Overview of Existing and Planned Infrastructures. New Edition
The European Union’s hydrocarbon energy supply depends heavily on imports. While the European Commission has recommended diversifying and increasing domestic resources, notably with renewable resources which should grow to 20% by 2020, dependence on hydrocarbon imports will remain not only substantial, but will increase.
The Politics of Amnesty in the Niger Delta : Challenges Ahead
Armed groups, many affiliated to the Niger Delta-wide political organisation MEND, the Movement for the Emancipation of the Niger Delta, proliferated throughout the oil producing states, particularly from early 2006 onwards. In January 2006, MEND declared war on the oil industry pending the resolution of long term political grievances relating to poverty and underdevelopment, the poor regulation of an environmentally polluting oil industry, and the alienation of local people from rights to land and resources in the Niger Delta.
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