Volume 2, Issue 18 - September 25, 2017

Volume 2, Issue 18 - September 25, 2017

Natural Gas World

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In this Issue:

Total Spells Bonanza for Iranian Businesss
Iran’s foreign content rules spell good news for its engineering sector, with Total’s plans for South Pars phase 11 entailing billions of dollars to be spent on local materials and expertise.
Energy Waste Bedevils Iran
For all its vast energy reserves, poor husbandry means that more goes to waste than the country can afford to lose and even a modest investment would yield a big pay-back.
Baku Doubles ACG Life
Baku has asserted itself in the Caspian, coming across as less the passive investor in the ACG field. But BP says that taken in the round, the new structure is good for all the parties and the new deal unblocks funding decisions.
Early Signing Oils the Machinery
UK major BP sees the premature termination of the production-sharing agreement for Azeri-Chirag-Gunashli fields and its replacement with a new deal as enabling future work to unlock more oil, the company told NGW.
EU Needs Azeri Gas
Allegations that Baku has engaged in dodgy practices to secure support for its major infrastructure projects have been upstaged by the extension of the ‘deal of the last century’ but will nevertheless face official scrutiny.
Scenarios and Outlooks for Energy
The non-energy company DNV GL has thrown its hat into the ring with a forecast of energy supply and demand during the transition to a lower carbon global economy. NGW looks at how it compares with other companies’ and agencies’ outlooks for energy.
LNG Market to Stay Oversupplied Until 2023-24: Cedigaz
Paris-based research institute Cedigaz expects the global supply glut to continue until 2023 or 2024.
New Ideas for the Old UKCS
Maximising the economic recovery of the UK Continental Shelf is a policy that could ultimately become a job for government; but for now the focus is on making things – access to data, technology and the fiscal regime – as enticingly simple and attractive as possible.
Southern Africa Needs Gas-Fired Power
Only 1.5% of southern Africa’s power generation capacity in 2016 was natural gas-fueled, according to the Southern African Power Pool (SAPP), a regional electricity trading union.
Investors Accept Argentine Risks
Investors are still coming to Argentina, even from countries with reputations for ethical behaviour to defend. But a co-ordinated campaign from the capital could shine an unwelcome spotlight on their upstream activities to make a political point.

 

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