Fuel exports will lead booming US energy trade

Significance Despite coal’s decline, overall US energy exports hit record levels in 2016 after years of strong domestic output growth and major investments in new infrastructure to link US oil and gas fields with international markets. US-produced refined fuel products, crude oil and natural gas liquids are shaking up energy trade routes and posing new challenges to established exporters in the Middle East and Russia. Impacts OPEC oil exporters will have to compete directly with US shale producers for market share in high-growth regions such as Asia. Major LNG exporters like Qatar and Australia are likely to see low global gas prices for many years as new US supply hits the market. Midstream companies will see strong growth opportunities reshaping US energy infrastructure for exports. Washington’s efforts to boost coal in other advanced economies’ energy mixes are unlikely to meet with success.

2019 ◽  
Vol 19 (2) ◽  
pp. 31-48
Author(s):  
Nikolay A. Magaev ◽  
Gagik M. Mkrtchyan ◽  
Larisa V. Skopina

Income approach based on the method of discounted cash flows (DCF) seems to be the main instrument to evaluate economic efficiency of investment projects when developing oil and gas fields. However, at early stages of exploration and exploitation of hydrocarbon resources, uncertainty and risks of investors are very high, which limits the use of traditional methods. It is necessary to develop valuation tools accounting high uncertainty of input data on the exploitation of oil and natural gas resources, flexibility of their development by formation of rational production strategy with volatility of the operating parameters such as the world oil prices and the size and value of oil and gas reserves. In this article presents the real options approach which accounts the potential of flexible and adaptive project management providing advantages in assessing development projects as compared to the traditional income methods. Implementation of this method is exemplified by the case of oil and gas fields in the east of the Siberian platform.


Subject Impact of conflict on Yemen's oil and gas sector. Significance Yemen's oil sector has been in serious decline for years due to sabotage, field depletion and underinvestment, although it has remained the mainstay of government finances. Oil and gas fields and facilities are key assets in contention in the current conflict, even though it has halted most production and scared away many foreign operators. Yemen has around 3 billion barrels of oil reserves and 17 trillion cubic feet of gas. Oil revenues are critical to helping address the poverty that underlies much of the country's instability. Impacts Yemen supplies 3% of global LNG, and the loss of this may boost spot prices. Reduced oil revenue will make post-war Yemen even more dependent on aid. Jihadists could capture oil fields and finance themselves through local sales.


Geophysics ◽  
1984 ◽  
Vol 49 (6) ◽  
pp. 818-821 ◽  
Author(s):  
Robert L. Fleischer ◽  
Larry G. Turner

Trapped concentrations of oil and natural gas in the earth will sometimes release vapors, whose presence and motion might be used to help infer where resources are located. Tests for carbon anomalies may be applied to search for hydrocarbons in the earth, and alterations in [Formula: see text] in the earth can be used to locate regions of subsurface gas flow. In a recent report we have observed both such anomalies over the Cement, Oklahoma oil and gas fields (Fleischer and Turner, 1984). Because of this result, whose generality is not yet known, it is of interest to know where other similar carbon and gas‐flow anomalies exist. (We should note that extensive examples of carbon anomalies in the soil have been presented; many of these are referenced in Fleischer and Turner, 1984.) This short note describes one such geochemical anomaly that has been observed using three methods of mapping—one radiometric, one isotopic, and one chemical. Testing whether this anomaly is associated with hydrocarbons is a logical next step that has not been taken.


Subject Prospects for oil and gas in the second quarter Significance Elevated levels of supply will keep oil and natural gas prices weak. The recent uptick in the price of Brent crude is not reflected in the oversupplied US market, so the slowdown in US crude output growth, centred on shale, should continue into the second quarter. Brent's recent price strength, in part, reflects brightening prospects for the global economy, but more evidence is needed to push prices higher.


Subject Kurdistan Region of Iraq petroleum sector. Significance The Kurdistan Region of Iraq (KRI) petroleum sector has struggled to make progress in the context of local political and economic crises, the continuing fight against IS and some disappointing geological findings. Oil production is stagnant at around 600,000-650,000 barrels per day (bpd). Owing to persistent budgetary shortfalls, payments to international oil companies (IOCs) have faced delays. Impacts The defeat of Islamic State (IS) could open up potential oil and gas blocks in the Nineveh plains and around Kirkuk. The risk of conflict between Kurdish and Baghdad government forces over disputed oil and gas fields will rise. Worsening conflict in the Kurdish south-east of Turkey could endanger oil (and future gas) exports.


CIM Journal ◽  
2018 ◽  
Vol 9 (4) ◽  
pp. 195-214
Author(s):  
G. J. Simandl ◽  
C. Akam ◽  
M. Yakimoski ◽  
D. Richardson ◽  
A. Teucher ◽  
...  

Author(s):  
A.V. Antonov ◽  
◽  
Yu.V. Maksimov ◽  
A.N. Korkishko ◽  
◽  
...  

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