industryterm:oil supply

  • Hundreds of Norway oil workers go on strike, Shell shuts Knarr field | Reuters
    https://www.reuters.com/article/us-norway-oil-wages/wage-talks-with-norway-oil-drilling-workers-go-into-overtime-strike-threat-

    Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher.

    One union said hundreds more workers would join the strike on Sunday if an agreement over union demands for a wage increase and pension rights was not reached.

    Royal Dutch Shell said that due to the strike it was temporarily closing production at its Knarr field, which has a daily output of 23,900 barrels of mostly oil, but also natural gas liquids and natural gas.

    Shutting the field, whose owners are Idemitsu, Wintershall and DEA, could take up to 36 hours, it said.

    Norway is Western Europe’s biggest oil producer. The disruption added to a rise in global oil supply outages and helped push Brent crude up 1.2 percent to $79.03 per barrel.

  • Saudi oil tanker hit in Houthi attack off Yemen: coalition
    https://www.reuters.com/article/us-yemen-security-attack/saudi-oil-tanker-hit-in-houthi-attack-off-yemen-arabiya-tv-idUSKCN1HA1RT

    Yemen’s Houthi group hit a Saudi oil tanker off the main port city of Hodeidah on Tuesday, the Saudi-led coalition said, in an attack that could complicate a new United Nations push to end a war that has killed more than 10,000 people.

    The Iranian-aligned Houthis said they had targeted a coalition warship in response to an air strike on Hodeidah on Monday that killed at least a dozen civilians, including seven children.
    […]
    In a statement carried by Saudi media, the coalition said the oil tanker was in international waters when it came under “Houthi-Iranian attack” at around 1330 local time (1030 GMT).

    A coalition warship conducted a “swift intervention” foiling the attack, it said, without identifying the type of weapon used in the assault. “As a result of that attack, the tanker was subjected to a slight but ineffective hit and it resumed its naval course northwards, escorted by a coalition warship,” the statement said.

    A European Union naval force that operates in the region confirmed the ship was underway, adding that the crew were safe and unharmed.

  • Saudi Arabia’s new crown prince Mohammed bin Salman is good news for Israel and U.S.

    Saudi crown prince Bin Salman agrees with U.S. on Russia, Assad, Iran and ISIS and according to some reports, he’s also met with top Israeli officials

    Zvi Bar’el Jun 21, 2017
    read more: http://www.haaretz.com/middle-east-news/.premium-1.797007

    New Crown Prince Mohammed bin Salman’s appointment as Saudi Arabia’s heir apparent was only a matter of time. The “boy,” who will mark his 32nd birthday in August, has been leading the country de facto anyway. He already calls the shots on foreign policy. Many expect that in the not-too-distant future, King Salman, who is ill, will step down and hand the scepter to his son.
    Bin Salman has been undergoing training for the throne since Salman’s coronation two and a half years ago, both through foreign missions carried out on behalf of his father, and also through the war in Yemen that – as defense minister – he planned and carried out (albeit not particularly successfully).
    >>Former U.S. Ambassador to Israel Dan Shapiro: The impulsiveness of the king-in-waiting should worry Israel and the U.S.
    Before the new crown prince’s advent, his cousin, Mohammed bin Nayef, had been in charge of relationships with Washington, especially with the CIA. In short order, Nayef was pushed out and the Americans understood exactly who the strong man in town was.
    Bin Salman became the contact not only between the kingdom and Washington, but also with Russia: the new heir met with President Vladimir Putin several times to coordinate policy on Syria and Iran.
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    Until now, Mohammed bin Salman has been good news for Israel and the United States, as his firm anti-Iranian positions make him an important partner – and not only in the struggle against Iran. Bin Salman agrees with America on the need to thwart Russian influence in the region; to topple President Bashar Assad’s regime in Syria; and to act firmly against ISIS and other radical organizations, from the Muslim Brotherhood to Hezbollah. During the last two years, several Arab websites have reported that bin Salman also met with top Israelis.

    File photo: US President Donald Trump and Saudi Crown Prince Mohammed bin Salman in the White House on March 14, 2017.NICHOLAS KAMM/AFP
    >> Cluster bombs and yachts: 5 things you should know about Saudi Arabia’s new crown prince
    According to these reports, one such meeting took place in Eilat in 2015; another on the margins of the Arab summit in Jordan this March, and there are regular meetings between Saudi and Israeli officers in the joint war room where Jordan, Saudi Arabia and the United States coordinate. What is not yet known is to what extent Bin Salman can and might want to advance the peace process between Israel and the Palestinians, as part of U.S. President Donald Trump’s plan, and whether he can turn around relations between Israel and Saudi Arabia.
    In a series of tweets this week, the Saudi blogger known as “Mujtahidd” revealed a “plot” by Crown Prince bin Salman and the heir to the Abu Dhabi throne, Mohammed bin Zayed Al Nahyan, to stage a coup in Qatar.
    Mujtahidd – many of whose tweets have proven accurate, and who apparently relies on whispers from the Saudi Arabia monarchial court – wrote, among other things, that the two heirs intended to send Blackwater mercenaries (of Iraqi notoriety) to Qatar, together with forces from the UAE, to seize the government. After that, somebody from the ruling Al-Thani family who would be loyal to them would be appointed. Thusly, according to Mujtahidd, the two thought to reduce the crisis and bend Qatar to Saudi Arabia’s will. Based on these tweets, it was the United States that pressed, indirectly, to torpedo the notion.
    By the way, this information has not been verified, and there is no certainty that these tweets rely on any actual fact. But what is unquestionable is the depth of relations between the two young heirs, a relationship that has created an axis of youth confident of the global mission – or at least Arab mission – placed on their shoulders, and confident that none but them are suited to run the Middle East.

    Saudi Arabia’s King Salman bin Abdulaziz Al Saud (R) talks with Iraqi Prime Minister Haider al-Abadi in Jeddah, Saudi Arabia, June 19, 2017. HANDOUT/REUTERS
    This is a new generation that includes the ruler of Qatar, Tamim bin Hamad Al Thani, 37. It is a generation that came late to the Gulf states, having been predated by youthful leaders in Morocco, Jordan and Syria.
    Arab leaders like Egyptian President Abdel-Fattah al-Sissi and King Abdullah have felt the whip of Saudi foreign relations. Both have been lashed over their “behavior” – and they were punished, too. Saudi Arabia cut off the oil supply to Egypt six months ago because of Cairo’s support for the Russian proposal on Syria, and because what Saudi Arabia felt was Egypt’s retreat from the proposal to return the Sanafir and Tiran islands in the Red Sea to it. Saudi Arabia also suspended aid to Jordan until recently because Jordan refused to let Gulf forces operate from its territory against Syrian forces.

    Mohammed bin Salman, newly appointed as crown prince, left, kisses the hand of Prince Mohammed bin Nayef, June 21, 2017./AP
    But the hardest blow was suffered, of course, by Qatar, which was declared non grata by the Gulf nations, Egypt, Yemen and Jordan, which turned the terrestrial and aerial blockade of the Gulf state into an economic one.
    The new crown prince was the living spirit behind all these decisions, which required no more than a formal nod from his father.
    The appointment, which has passed without opposition so far, and with the overwhelming support of the Allegiance Council (which, under the constitution, has the power to approve the appointment of heirs) is not expected to cause any new jolts in the kingdom.
    Potential opponents have already been “summoned for a chat” in the king’s court. The new interior minister, Abdulaziz bin Saud bin Nayef, is another youngster, just 34, and is very close to Mohammed bin Salman. From now on, he will be the one responsible for managing the struggle against internal terrorism. He will also be the crown prince’s partner in oppressing subversion.
    To gratify the subjects ahead of the change, King Salman announced the extension of Id al-Fitr (to mark the end of Ramadan) by another week. He also returned all the financial emoluments that were recently taken away from government and army officials. A pay raise is a time-honored way of maintaining quiet calm in the Saudi kingdom.

  • U.S. Unable To Halt #ISIS March Towards Libyan Oil | OilPrice.com
    http://oilprice.com/Energy/Energy-General/US-Unable-To-Halt-ISIS-March-Towards-Libyan-Oil.html

    ISIS has already secured the route to the “oil crescent”, which encompasses all the producing fields in the southern desert. It’s done this by taking control of the desert town of Nufaliya, which is about 50 kilometers from Es Sider.

    At stake here is Libya’s 48 billion barrels of estimated reserves—the largest in Africa. The civil war alone has shut down over three-quarters of Libya’s production, which might be good for the current oil supply glut, but it’s very bad for Libya and regional stability.

    US air strikes won’t likely be enough. ISIS has already cleared a path to the oil crescent, and without a functioning, unified government in Libya, there is no chance of heading them off effectively. Air strikes are but a bandage on a gaping wound.

    #Libye #pétrole

  • More firms tied to Petrobras scandal

    http://www.newsinenglish.no/2015/12/28/more-firms-tied-to-petrobras-scandal

    Avis de gros temps pour la Norvège ...

    The huge corruption case swirling around Brazilian oil company Petrobras is being called the world’s largest, and increasing numbers of Norwegian companies seem to be getting tangled up in it. Norwegian bosses mostly claim no knowledge of any bribes being paid, but investigations are underway on several fronts.

    Sevan Marine’s rig deals with Petrobras are not the only business transactions with the corruption-embroiled Brazilian company that are sounding alarms. Several other Norwegian companies are also having to investigate their own transactions because of suspected bribery.

    Sevan Marine’s rig deals with Petrobras are not the only business transactions with the corruption-embroiled Brazilian company that are sounding alarms. Several other Norwegian companies are also having to investigate their own transactions because of suspected bribery. PHOTO: Sevan Marine

    Newspaper Dagens Næringsliv (DN) reported on Monday that the latest company feeling a need to probe suspected or unwitting involvement in the Petrobras scandal is Akastor, which was spun off from the large Norwegian oil supply company Aker Solutions in 2014. It’s now run by Kristian Monsen Røkke, son of the wealthy self-made Norwegian industrialist controlling Aker Solutions, Kjell Inge Røkke.

    #norvège #brésil #énergie #pétrole #petrobas #scandale #sevan (Eydehavn)

  • Game Change : U.S. Oil Revolution Has Torn Up the Rule Book | Foreign Policy
    http://foreignpolicy.com/2015/02/10/game-change-u-s-oil-revolution-has-torn-up-the-rule-book-iea-shale-op

    This, the International Energy Agency said Tuesday, is most definitely not your father’s oil market.

    In its annual five-year oil market outlook, the IEA, which is the energy agency of the Organization for Economic Cooperation and Development (OECD), said that the rise of the United States as a heavyweight crude producer, OPEC’s abdication of its historical role as the arbiter of world oil supply, and sluggish oil demand growth worldwide will have big implications for oil producing and consuming countries alike.

    The upshot: generally smooth sailing for the United States, a few years of discomfort for cash-rich oil giants in the Persian Gulf, and years of turmoil, crippled finances, and political instability in petrostates like Venezuela. Russia will be hit hardest, the IEA said.

    On rappellera juste que l’AIE, historiquement Agence Anti-OPEP, a pour règle fondamentale de

    ne pas irriter les Américains.

    (cité par WP : http://fr.wikipedia.org/wiki/Agence_internationale_de_l'énergie )

  • INFOGRAPHIC: The ten biggest oil and gas companies | MINING.com
    http://www.mining.com/infographic-the-ten-biggest-oil-and-gas-companies-85341

    Did you know that TOP 10 oil and gas companies produce over 56.6 million barrels per day, that global oil reserves stand at 1.38 trillion barrels and are expected to last another 46.2 years. This infographic also shows the list of TOP 5 countries with the highest oil reserves along with their oil supply and the years of remaining reserves.

    #sables_bitumineux #pétrole

  • What Happens To Clean Technology Innovation If Oil Prices Drop? | Co.Exist
    http://www.fastcoexist.com/1680107/what-happens-to-clean-technology-innovation-if-oil-prices-drop

    a new report (PDF) from Leonard Maugeri, a former oil executive and current fellow at Harvard’s Belfer Center for Science and International Affairs, warns: “oil supply capacity is growing worldwide at such an unprecedented level that it might outpace consumption. This could lead to a glut of overproduction and a steep dip in oil prices.” That dip in oil prices would mean cheaper gas, certainly, but it could put a serious damper on how far we’ve come in the search for non-fossil-fuel-based energy solutions.

    #green_tech #environnement #pétrole

  • Pétrole : finalement, une production en croissance ?
    Oil : The Next Revolution
    – Harvard - Belfer Center for Science and International Affairs
    http://belfercenter.ksg.harvard.edu/publication/22144/oil.html

    Contrary to what most people believe, oil supply capacity is growing worldwide at such an unprecedented level that it might outpace consumption. This could lead to a glut of overproduction and a steep dip in oil prices.

    Based on original, bottom-up, field-by-field analysis of most oil exploration and development projects in the world, this paper suggests that an unrestricted, additional production (the level of production targeted by each single project, according to its schedule, unadjusted for risk) of more than 49 million barrels per day of oil (crude oil and natural gas liquids, or NGLs) is targeted for 2020, the equivalent of more than half the current world production capacity of 93 mbd.