Oil and Gas Devel...
Follow
Find
2.7K views | +0 today
Oil and Gas Development in Lebanon and East Mediterranean
Energy developments with an insight on global, regional and local legislation, politics, policy-making, security, infrastructure, finance and economics.


This blog is curated by the Oil and Gas Working Group at MEPF. Content, comments and insights on this blog do not reflect or represent the official position of MEPF and should not be considered under any circumstances as political and policy advice. All publication and idea rights belong to their respective owners. Republish, comment and distribute at your own discretion.
Your new post is loading...
Your new post is loading...
Scooped by Middle East Prospects Forum
Scoop.it!

Lebanon Seeks to Make The Most of Hydrocarbons

Lebanon Seeks to Make The Most of Hydrocarbons | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
Lebanon seeks to avoid a false euphoria and make the most of a potential oil and gas windfall.
Middle East Prospects Forum's insight:

Hadi Fathallah on Lebanon's Oil and Gas prospects

more...
No comment yet.
Scooped by Middle East Prospects Forum
Scoop.it!

Oil-Price Poker: Why the Saudis Won’t Fold ‘Em

Oil-Price Poker: Why the Saudis Won’t Fold ‘Em | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
Where oil goes from here doesn’t just depend on energy economics. Middle East politics also has to figure in the price calculus.
more...
No comment yet.
Scooped by Middle East Prospects Forum
Scoop.it!

Shell Wins Investor Approval to Buy BG, Sealing Biggest Deal

Shell Wins Investor Approval to Buy BG, Sealing Biggest Deal | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
Royal Dutch Shell Plc won shareholder approval to buy BG Group Plc, sealing its biggest acquisition amid the worst oil-industry slump since the global financial crisis.
more...
No comment yet.
Scooped by Middle East Prospects Forum
Scoop.it!

Egypt Skips Gas Bill, Loses LNG Shipment

Egypt Skips Gas Bill, Loses LNG Shipment | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
BP's diversion of a tanker of liquefied natural gas (LNG) away from Egypt due to payment issues is the first sign that the country's currency crisis
more...
No comment yet.
Scooped by Middle East Prospects Forum
Scoop.it!

Crude Falls Below $30 a Barrel for the First Time in 12 Years

Crude Falls Below $30 a Barrel for the First Time in 12 Years | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
Oil dropped below $30 a barrel in New York for the first time in 12 years on concern that turmoil in China’s markets will curb fuel demand.
Middle East Prospects Forum's insight:

The new Normal

more...
No comment yet.
Scooped by Middle East Prospects Forum
Scoop.it!

Saudi Arabia is considering an IPO of Aramco, probably the world’s most valuable company

Saudi Arabia is considering an IPO of Aramco, probably the world’s most valuable company | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
The biggest oil of all
Middle East Prospects Forum's insight:

Some oil people will not like this, at all

more...
No comment yet.
Scooped by Middle East Prospects Forum
Scoop.it!

Oil’s prologue likely to be a harbinger of worse things to come

Oil’s prologue likely to be a harbinger of worse things to come | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it

In any assessment of the oil price crash, it is worth remembering Shakespeare’s aphorism: “What’s past is prologue”. In 2015, it appeared that the salient features of the US oil industry were: falling costs and rising productivity, which meant total

more...
No comment yet.
Scooped by Middle East Prospects Forum
Scoop.it!

East Med Gas: Hype, Hope and Politics

East Med Gas: Hype, Hope and Politics | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
The big hype surrounding gas in the Eastern Mediterranean, recalls Sohbet Karbuz, Director of Hydrocarbons, Mediterranean Observatory for En
more...
No comment yet.
Scooped by Middle East Prospects Forum
Scoop.it!

What Just Happened in Solar Is a Bigger Deal Than Oil Exports

What Just Happened in Solar Is a Bigger Deal Than Oil Exports | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
The impact: $73 billion in new investment in the U.S.
more...
No comment yet.
Scooped by Middle East Prospects Forum
Scoop.it!

Crude Falls Below $35 per Barrel in New York for First Time Since 2009

Crude Falls Below $35 per Barrel in New York for First Time Since 2009 | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
more...
No comment yet.
Scooped by Middle East Prospects Forum
Scoop.it!

Obama to Request $10-Per-Barrel Oil Tax for Transportation Needs

Obama to Request $10-Per-Barrel Oil Tax for Transportation Needs | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
President Barack Obama will propose a $10 per barrel tax on oil in his fiscal 2017 budget to finance self-driving cars, public transit, railroads and other transportation improvements, the White House said.
more...
No comment yet.
Scooped by Middle East Prospects Forum
Scoop.it!

BP Profit Tumbles 91% Amid Oil Slump, Falling Short of Estimates

BP Profit Tumbles 91% Amid Oil Slump, Falling Short of Estimates | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
BP Plc reported a 91 percent decline in fourth-quarter earnings after average crude oil prices dropped to the lowest in more than a decade. Its shares fell the most since 2010.
more...
No comment yet.
Scooped by Middle East Prospects Forum
Scoop.it!

UAE to cut remaining energy subsidies, minister says

UAE to cut remaining energy subsidies, minister says | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
'We saw the opportunity to do the right thing and to get people to pay the right price for energy,' says Suhail Al Mazrouei, the UAE’s Energy Minister.
more...
No comment yet.
Scooped by Middle East Prospects Forum
Scoop.it!

Oil market shaken by Iran's plan to boost output

Oil market shaken by Iran's plan to boost output | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
With sanctions lifted, country eyes additional 500,000 barrels of oil per day, pushing crude price down to 13-year low.
more...
No comment yet.
Scooped by Middle East Prospects Forum
Scoop.it!

Gundlach Paints Bearish Outlook for 2016 Investing, Economy

Gundlach Paints Bearish Outlook for 2016 Investing, Economy | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
One of the market’s biggest bears says there’s more bad news ahead.
more...
No comment yet.
Scooped by Middle East Prospects Forum
Scoop.it!

A New Saudi Arabia Is in a Hurry in Era of Cheap Oil

A New Saudi Arabia Is in a Hurry in Era of Cheap Oil | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
Saudi Arabia, one of the most tradition-bound societies on the planet, where family structure and tribal patriarchy differ little from a century ago, is suddenly in a hurry. It has done more in the past week than in most years.
more...
No comment yet.
Scooped by Middle East Prospects Forum
Scoop.it!

Extreme Oil Bears Bet on $25, $20 and Even $15 a Barrel in 2016

Extreme Oil Bears Bet on $25, $20 and Even $15 a Barrel in 2016 | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
Oil speculators are buying options contracts that will only pay out if crude drops to as low as $15 a barrel next year, the latest sign some investors expect an even deeper slump in energy prices.
more...
No comment yet.
Scooped by Middle East Prospects Forum
Scoop.it!

Saudi to stick with oil output despite low prices

Saudi to stick with oil output despite low prices | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
Oil minister says world's largest exporter will continue with its production policy as prices hover at record lows.
more...
No comment yet.
Scooped by Middle East Prospects Forum
Scoop.it!

Saudi Arabia hikes petrol prices by 40% at the pump

Saudi Arabia hikes petrol prices by 40% at the pump | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
After $98bn budget deficit announcement, world's leading oil producer to privatise state corps and slash subsidies.
more...
No comment yet.
Scooped by Middle East Prospects Forum
Scoop.it!

The Battle for Libya’s Only Resource

The Battle for Libya’s Only Resource | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
The Battle for Libya’s Only Resource « | Foreign Policy | the Global Magazine of News and Ideas
Middle East Prospects Forum's insight:

Ultimately, neither the U.N., nor Tobruk, nor Tripoli will determine Libya’s political and economic fate: the militias and tribes will. “If you want to do anything in Libya, you have to involve the local tribes, the local community,” the former AGOCO employee said.

“The politicians — they don’t really matter.”

more...
No comment yet.