Oil and Gas Development in Lebanon and East Mediterranean
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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.
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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.
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Hadi Fathallah on Lebanon's Oil and Gas prospects

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Welcome to the new oil order 

Welcome to the new oil order  | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
The airwaves and Twitter are full of commentary about how Saudi Arabia, the rest of Opec and Russia can balance the market by cutting production and raising prices. The idea that these traditional producers can impact the markets on their own is
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Exxon Mobil Loses Top Credit Rating It Held Since Depression

Exxon Mobil Loses Top Credit Rating It Held Since Depression | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
The worst oil crash in a generation has cost Exxon Mobil Corp. the gold-plated credit rating it had held since the Great Depression.
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Saudi Prince Says He Could Add a Million Barrels Immediately

Saudi Prince Says He Could Add a Million Barrels Immediately | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
Saudi Arabia could raise crude output by more than a million barrels a day immediately if there was demand for it, said the kingdom’s Deputy Crown Prince, as he reiterated the nation would only agree to freeze production if all major producers including Iran do the same.
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Saudi Arabia turns oil weapon on Iran: Kemp

Saudi Arabia turns oil weapon on Iran: Kemp | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
Saudi Arabia's decision to scupper negotiations on a coordinated oil output freeze in Doha on Sunday seems to confirm a significant shift in the kingdom's oil policy.
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Saudi Arabia to U.S. Oilmen: Cut Costs or Exit the Business

Saudi Arabia to U.S. Oilmen: Cut Costs or Exit the Business | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
The world’s most powerful oilman brought a harsh message to Houston for executives hoping for a rescue from low prices: high-cost producers -- many of them sitting in the room -- need to either “lower costs, borrow cash or liquidate."
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The Oil Industry Got Together and Agreed Things May Never Get Better

The Oil Industry Got Together and Agreed Things May Never Get Better | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
Thousands of industry participants gathered in London for their annual get-together, only to find a world awash in crude and hardly a life jacket in sight.
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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.
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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.
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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.
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Who’s afraid of cheap oil?

Who’s afraid of cheap oil? | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
Low energy prices ought to be a shot in the arm for the economy. Think again
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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.
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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.
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Saudi Arabia sacks oil minister in government shake-up

Saudi Arabia sacks oil minister in government shake-up | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
Long-serving minister Ali al-Naimi replaced by Khaled al-Faleh in reshuffle announced by state media.
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Saudi Arabia to pump more oil to meet domestic demand

Saudi Arabia to pump more oil to meet domestic demand | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
Output may rise to about 10.5 million barrels per day from average 10.15 but sources say Kingdom will not flood market.
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The Key Countries in the Current and Future Energy Landscape

Three hundred years ago, people used wood as their main energy source before moving on to coal, oil, natural gas, nuclear and, now, renewable energies. Energy is fundamental to human life, and its
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 Oil Policy and Politics

 Oil Policy and Politics | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
After taking over defense and economic planning, Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman has now stamped his authority over oil policy.
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Crude Mystery: Where Did 800,000 Barrels of Oil Go?

Crude Mystery: Where Did 800,000 Barrels of Oil Go? | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
There is mystery at the heart of the oversupplied global oil market: missing barrels of crude. Where these barrels ended up, or if they even existed, is key to an oil market that remains under pressure from the glut in crude.
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Masdar's zero-carbon dream could become world’s first green ghost town

Masdar's zero-carbon dream could become world’s first green ghost town | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
Developers have abandoned their original goal of building the world’s first zero-carbon city in the UAE desert. With completion originally scheduled for this year, just how much of the once-revolutionary vision has actually been realised?
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Iran set to negotiate on oil market with Saudi Arabia

Iran set to negotiate on oil market with Saudi Arabia | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
With sanctions lifted, Tehran is entering an already-glutted market as it plans to produce 500,000 barrels a day.
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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.
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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.
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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
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The Woman Shaping Iran’s Oil Future

The Woman Shaping Iran’s Oil Future | Oil and Gas Development in Lebanon and East Mediterranean | Scoop.it
Can Elham Hassanzadeh get Iran’s oil flowing again?
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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.
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The new Normal

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