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Libyan energy ambitions will likely fall short

Location:

LIBYA

Earlier, on January 7, NOC was forced to declare force majeure at Sharara oil field, the country’s largest, after protests shut it down. Oil and gas usually account for more than…

US oil and gas revival will reach new records in 2024

Location:

UNITED STATES

Unlike earlier booms based on exploiting new fields, US producers are raising production by adopting new technologies, process efficiencies, economies of scale and financial…

Mexico expropriation risk may rise as AMLO term ends

Location:

MEXICO

The move was not altogether unexpected, with the energy ministry having previously hinted it was possible. It nevertheless feeds concerns that the outgoing administration of…

Trade will tighten Gulf-South Korea relations

Location:

GULF STATES/SOUTH KOREA

Previously, in December 2023, South Korea signed a landmark free trade agreement (FTA) with the six-nation Gulf Cooperation Council (GCC), only the bloc’s second with a major…

Brunei will step up efforts to diversify economy

Location:

BRUNEI

The IMF recently recommended structural reforms to bolster the economy, which has struggled to recover from the impact of the COVID-19 pandemic. Brunei has long been reliant on…

Brazil renewables will gain priority amid challenges

Location:

BRAZIL

Brazil has one of the cleanest energy matrixes in the world by international standards. However, the production of oil and oil derivatives continues to grow, and the country is…

Afghanistan’s economic outlook is bleak

Location:

AFGHANISTAN

Afghanistan’s ruling Taliban want production to expand to 19,000 b/d shortly. They are counting on the extractives sector to help boost revenue and shore up the flailing economy.

Iraq's oil output will grow despite challenges

Location:

IRAQ

The government sought to capitalise on political stability and high oil prices to attract international oil companies (OICs) to invest in new prospects on improved terms…