Major reforms are under way at the Abu Dhabi National Oil Company (ADNOC), as the state-owned oil firm moves to strengthen performance and profitability and create greater efficiencies, against a backdrop of low oil prices.
Energy
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The year 2015 was a challenging one for Qatar’s oil and gas industry. The state saw its hydrocarbons revenues, which account for a significant portion of its income, significantly impacted as an ongoing global oil price plummet accelerated, with crude oil losing over two-thirds of its value between June 2014 and January 2016. The price slump extended into 2016, driven by soaring global...
Articles & Analysis | Trinidad and Tobago rolls out new strategic plan to focus on long-term energy sector goals from The Report: Trinidad & Tobago 2016
Various factors influence the upstream natural gas investment cycle. One of the most important of these factors is that once an investment project is given a green light it can take anywhere from between three and five years for gas production to begin. Therefore, companies need to calculate the future commercial viability of a project on the...
Interviews & Viewpoints | Norman Christie, Regional President, BP Trinidad and Tobago: Interview from The Report: Trinidad & Tobago 2016
Articles & Analysis | International oil and gas companies continue to develop major projects in Trinidad and Tobago from The Report: Trinidad & Tobago 2016
The financial squeeze that has been caused by lower oil and gas prices, together with doubts over the commercial viability of some new projects, has led to pressure on overall levels of exploration activity in Trinidad and Tobago. However, there has not been as sharp a reduction as was experienced during the global financial crisis of 2008....
Articles & Analysis | Major downstream operators look to expand energy projects in Trinidad and Tobago from The Report: Trinidad & Tobago 2016
Trinidad and Tobago’s energy industry stretches across a range of upstream, midstream and downstream activities, including on- and offshore oil and gas exploration and production; oil and gas processing and refining, which produces petrol and other fuels; liquefied natural gas (LNG) production and export; pipeline operation and distribution;...