Policy and Politicshttp://www.petroleum-economist.com/RSS.aspx?FeedID=2157©2015 Petroleum Economist60Policy and PoliticsWill the oil price recover in 2016?In the first in a series of webcasts, Petroleum Economist discusses the state of oil markets in 2016http://www.petroleum-economist.com/Article/3509623/Will-the-oil-price-recover-in-2016.htmlThu, 26 Nov 2015 00:00:00 GMT12 predictions for 2016 from the brightest minds in energyEnergy leaders set tone for 2016 in industry-defining publicationhttp://www.petroleum-economist.com/Article/3508536/12-predictions-for-2016-from-the-brightest-minds-in-energy.htmlTue, 24 Nov 2015 00:00:00 GMTIran prepares for its grand re-openingIran is to present what it hopes is a more investor-friendly contractual regime, but international oil companies are still wary of close engagement with the countryhttp://www.petroleum-economist.com/Article/3508373/Iran-prepares-for-its-grand-re-opening.htmlMon, 23 Nov 2015 00:00:00 GMTIraq’s Ali al-Saady announces flaring rule postponementIraq’s economic recovery has been predicated in part on the growth of gas-fired power generation, but the lack of infrastructure means flaring is inevitablehttp://www.petroleum-economist.com/Article/3507401/Iraqs-Ali-al-Saady-announces-flaring-rule-postponement.htmlWed, 18 Nov 2015 00:00:00 GMTLibya’s unity at risk as east aims to capture oil exportsLibya’s Zueitina terminal has been shut again amid an effort by the east to wrest control of the country’s crude-export revenuehttp://www.petroleum-economist.com/Article/3507442/Libyas-unity-at-risk-as-east-aims-to-capture-oil-exports.htmlWed, 18 Nov 2015 00:00:00 GMTAnti-austerity protests hit PetrobrasBrazil's oil sector is in the grip of the worst strike in decades, threatening plans to reform the sector and ease the dreaded local content law - as well as hitting outputhttp://www.petroleum-economist.com/Article/3507307/Anti-austerity-protests-hit-Petrobras.htmlWed, 18 Nov 2015 00:00:00 GMTPdV aims to ramp up light oil importsVenezuela's PdV is ramping up imports of light oil to use as diluent at its Orinoco projectshttp://www.petroleum-economist.com/Article/3506875/PdV-aims-to-ramp-up-light-oil-imports.htmlTue, 17 Nov 2015 00:00:00 GMTOphir signs Equatorial Guinea LNG heads of agreementOphir hopes to decide on floating LNG plant offshore Equatorial Guinea halfway through 2016http://www.petroleum-economist.com/Article/3505953/Ophir-signs-Equatorial-Guinea-LNG-heads-of-agreement.htmlThu, 12 Nov 2015 00:00:00 GMTMOL extends Balkan retail arm following positive Q3MOL reports third-quarter clean, current cost of supplies profit before tax, interest, depreciation and amortisation of forints 198.7bnhttp://www.petroleum-economist.com/Article/3505555/MOL-extends-Balkan-retail-arm-following-positive-Q3.htmlWed, 11 Nov 2015 00:00:00 GMTShell launches Canadian Quest carbon capture plantShell has officially launched its Quest CCS project in Alberta, designed to store more than 1mn mt of carbon dioxide annuallyhttp://www.petroleum-economist.com/Article/3505227/Shell-launches-Canadian-Quest-carbon-capture-plant.htmlTue, 10 Nov 2015 00:00:00 GMTObama nixes Keystone XLAfter seven years, the Keystone XL project has been called off by President Obama, surprising fewhttp://www.petroleum-economist.com/Article/3505076/Obama-nixes-Keystone-XL.htmlTue, 10 Nov 2015 00:00:00 GMTChess, poker or roulette?Vladimir Putin has certainly rattled western politicians with his actions over the last 15 years and kept his popularity at home high in the processhttp://www.petroleum-economist.com/Article/3504037/Chess-poker-or-roulette.htmlThu, 05 Nov 2015 00:00:00 GMTAustria's OMV makes €1bn writedown on low oil pricesAustria's OMV announced €1.031bn ($1.1bn) of upstream impairment charges in its third quarter resultshttp://www.petroleum-economist.com/Article/3503993/Austrias-OMV-makes-1bn-writedown-on-low-oil-prices.htmlThu, 05 Nov 2015 00:00:00 GMTSmog shrouds southeast Asian energy outlookAs leaders gathered for Singapore International Energy Week (SIEW) the city-state was covered in thick smokehttp://www.petroleum-economist.com/Article/3503427/Smog-shrouds-southeast-Asian-energy-outlook.htmlWed, 04 Nov 2015 00:00:00 GMTUS supermajors to face up to 'grim reality'ExxonMobil and Chevron both saw a sharp fall in profits in the third quarter, but they are charting markedly different courseshttp://www.petroleum-economist.com/Article/3503167/US-supermajors-to-face-up-to-grim-reality.htmlTue, 03 Nov 2015 00:00:00 GMTRussia could offer China better gas pricingRussia is well positioned to supply more pipeline gas to China as a weaker currency makes pricing more competitivehttp://www.petroleum-economist.com/Article/3502657/Russia-could-offer-China-better-gas-pricing.htmlMon, 02 Nov 2015 00:00:00 GMTRosneft, ExxonMobil team up in MozambiqueRussian and US majors win rights to explore in three blocks, in Mozambique licensing roundhttp://www.petroleum-economist.com/Article/3502656/Rosneft-ExxonMobil-team-up-in-Mozambique.htmlMon, 02 Nov 2015 00:00:00 GMTSingapore sees LNG price indices expandingSingapore is pushing the development of regional Asian LNG trade by encouraging local price discoveryhttp://www.petroleum-economist.com/Article/3501663/Singapore-sees-LNG-price-indices-expanding.htmlThu, 29 Oct 2015 00:00:00 GMTShell loses $6bn on Q3 writedownsShell has reported a third quarter loss of $6.1bn - net of $8.2bn of upstream writedowns and charges linked to its unsuccessful Arctic drillinghttp://www.petroleum-economist.com/Article/3501957/Shell-loses-6bn-on-Q3-writedowns.htmlThu, 29 Oct 2015 00:00:00 GMTUS budget deal taps into SPR fundsA budget deal struck by US House Republicans and the White House would see millions of barrels of crude from the Strategic Petroleum Reserve (SPR) sold http://www.petroleum-economist.com/Article/3501260/US-budget-deal-taps-into-SPR-funds.htmlWed, 28 Oct 2015 00:00:00 GMTAustria's OMV embarks on restructuringhttp://www.petroleum-economist.com/Article/3500851/Austrias-OMV-embarks-on-restructuring.htmlTue, 27 Oct 2015 00:00:00 GMTLibya gropes towards recoveryState firm NOC says it can recover output quickly and add to capacity. The country’s political disintegration makes this unlikely.http://www.petroleum-economist.com/Article/3500040/Libya-gropes-towards-recovery.htmlFri, 23 Oct 2015 00:00:00 GMTChina parks its tanks on the UK lawnSome aspects of European energy markets continue to surprise, even after a decade or so of intended competition across the continent http://www.petroleum-economist.com/Article/3500042/China-parks-its-tanks-on-the-UK-lawn.htmlFri, 23 Oct 2015 00:00:00 GMTPrices do their jobOil markets remain in equilibrium as buyers move in when the price falls, but the IEA is forecasting the length to continue for at least another yearhttp://www.petroleum-economist.com/Article/3500043/Prices-do-their-job.htmlFri, 23 Oct 2015 00:00:00 GMTMOL spreads E&P riskMOL Group is spreading its upstream risk more evenly, balancing growth in the relatively stable North Seahttp://www.petroleum-economist.com/Article/3500039/MOL-spreads-E-P-risk.htmlFri, 23 Oct 2015 00:00:00 GMTChina joins EDF in UK nuclear dealThe UK has admitted China into its power-generation market, allowing it to take a stake in the Hinkley Point nuclear planthttp://www.petroleum-economist.com/Article/3500038/China-joins-EDF-in-UK-nuclear-deal.htmlFri, 23 Oct 2015 00:00:00 GMTScepter makes $5bn swoop on SantosAustralia’s Santos has rebuffed a A$7.14bn ($5.15bn) takeover bid from Middle Eastern private equity group Scepterhttp://www.petroleum-economist.com/Article/3500036/Scepter-makes-5bn-swoop-on-Santos.htmlFri, 23 Oct 2015 00:00:00 GMTLiberals end Harper’s decadeJustin Trudeau led his Liberal Party to a surprisingly strong victory in Canada’s national election on October 19, ending the Conservative Party’s decade in powerhttp://www.petroleum-economist.com/Article/3499265/Liberals-end-Harpers-decade.htmlWed, 21 Oct 2015 00:00:00 GMTEurope faces a lower-carbon futureThe approaching COP 21 talks in Paris have focused the minds of Europe’s energy producers and consumers on future regulations and their own competitiveness http://www.petroleum-economist.com/Article/3498868/Europe-faces-a-lower-carbon-future.htmlTue, 20 Oct 2015 00:00:00 GMTLow oil prices ruin Kazakhstan’s oil hopesThe country has come a long way, materially, since the Soviet days, thanks to its long-established president. But like many other oil-dependent states, its immediate future is looking less certainhttp://www.petroleum-economist.com/Article/3498981/Low-oil-prices-ruin-Kazakhstans-oil-hopes.htmlTue, 20 Oct 2015 00:00:00 GMT