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world and the biggest potential for capacity expansion of anywhere else, Iraq may be destined to dominate the world oil … political stability. Despite its long history as a producer, Iraq is largely untapped. Of more than eighty oilfields discovered … realistic to assume that Iraq has far larger oil reserves than documented so far, probably about 200 billion barrels (bb) more …
Persistent link: https://www.econbiz.de/10014150410
With the global economy heading towards a severe oil crunch probably by 2015 or thereabouts, an analysis of Saudi oil fundamentals is causing the world disquiet and worry bordering on panic. Oil-importing nations have long treated Saudi Arabia as an infinitely deep well of crude oil supplies....
Persistent link: https://www.econbiz.de/10013123903
behind Saudi Arabia, Venezuela, Iran, Iraq, Kuwait and United Arab Emirates. Others claim that Brazil could emerge as a major …
Persistent link: https://www.econbiz.de/10013103698
We analyze the rate of return (ROR) and risk factors faced by Shell Exploration, an international oil company (IOC), in its Soroosh and Nowrooz buy-back service contract in Iran. In particular, based on our models of cash flow, we analyze the buy-back contract specific risk factors that can...
Persistent link: https://www.econbiz.de/10013086868
Low oil prices have led to CAPEX cuts across the world and especially in the US. We have examined a sample of US sub-investment grade oil and gas producers to assess the risk to production levels of a prolonged period of low oil prices. We assessed their hedging books, production levels and...
Persistent link: https://www.econbiz.de/10013000107
Although global oil demand growth was exceptional during 2015 at 1.7mn b/d, it began to weaken during the last quarter of the year across all markets with the exception of India and the Middle East. We believe demand will grow by 1.1mn b/d in 2016. Non-OPEC supply grew by 1mn b/d in 2015 thanks...
Persistent link: https://www.econbiz.de/10013000109
at the expense of its rivals such as Russia, Iran and Iraq and also slowing down if not killing US shale oil production …
Persistent link: https://www.econbiz.de/10013000860
The recent dramatic fall in oil prices has led to extensive capital rationing in international oil companies, and subsequent fierce competition between resource extraction countries to attract scarce investment. This situation is not adequately addressed by the large literature on international...
Persistent link: https://www.econbiz.de/10012961541
Iran holds the largest combined oil and natural gas reserves in the world. Proximity and access to major energy demand centers make Iran a major player in global energy supply. However, the country's isolation and the absence of investments by international companies in its oil and gas industry...
Persistent link: https://www.econbiz.de/10012909222
Asset Retirement Obligation (ARO) is becoming the focus of many oil and gas companies around the world. It is a critical aspect of the Exploration and Production business which has suffered professional neglect for too long. As a subject matter, the principles of ARO owe credence to both...
Persistent link: https://www.econbiz.de/10012824650