Political infighting is taking place in Alaska over the state’s hydrocarbon future. This time, however, it’s not over its oil production which has been steadily declining since reaching a peak of over 2 million barrels per day (b/d) in 1988 to a current average of just over 500,000 b/d. Its over the state’s plans to… Keep reading →
Saudi Arabia’s state-owned oil company plans to invest $40 billion over the next decade to maintain oil production capacity at 12 million barrels per day, while doubling natural gas output. The Kingdom faces a dilemma with much of its associated gas already being consumed by the oil sector for enhanced recovery, the power generation sector… Keep reading →
Many in developed economies often think and speak about Africa in a one size fits all context, and of course nothing could be further from the truth. The vast continent is a diverse tapestry of sovereign nations with varied geography, demographics, religions and energy-related challenges. One challenge many countries share with regard to energy, however,… Keep reading →
Barclays is forecasting a long-term US natural gas price of $4.75 per million Btu, asserting that the $4.50-$5.00/MMBtu range is the golden mean that can both drive demand growth and ensure sufficient supply. “Natural gas prices at $4.50-5.00/MMBtu are high enough to motivate sufficient gas drilling to meet projected demand in the long run: a… Keep reading →
