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AssessmentsSep 9, 2020 | 10:00 GMT
A Greek vessel patrols the waters surrounding the tiny island of Kastellorizo, which is situated just two kilometers off the south coast of Turkey, on Aug. 28, 2020.
What's Driving Turkish Aggression in the Mediterranean Sea
Turkey is putting its 50-year view on maritime rights into practice through its Blue Homeland Doctrine, growing its naval and commercial presence in Mediterranean waters that it claims are part of its exclusive economic zones (EEZs). Oil and gas exploration is becoming a crucial tool in implementing this strategy. But Ankara's attempts to claim extensive maritime resource rights risk broadening to a wider conflict with Greece and other NATO allies that would bring foreign energy projects, and potentially the United States, into the fray.
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SITUATION REPORTAug 20, 2020 | 21:26 GMT
U.S., Iraq: Al-Kadhimi Visits White House in Second Round of Strategic Dialogue 
Iraqi Prime Minister Mustafa al-Kadhimi met with U.S. President Donald Trump at the White House after five U.S. companies (Chevron, Honeywell, Baker Hughes, General Electric and Stellar Energy) signed agreements with Iraq’s ministries of oil and electricity, Reuters reported Aug. 20. 
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AssessmentsJul 20, 2020 | 10:00 GMT
Mexican President Andres Manuel Lopez Obrador speaks during a press conference in Mexico City, Mexico, after announcing his plan to "rescue" Mexican oil company Petroleos Mexicanos (Pemex) on Feb. 8, 2019.
Lopez Obrador's Policy Shifts Will Have a Mixed Impact on Mexico’s Energy Projects
Mexican President Andres Manuel Lopez Obrador's reversal of certain energy policies will likely continue to have a modest impact on foreign investment and competition in Mexico's oil and gas sector. While intended to make Mexico's overall energy industry more self-reliant and state-centric, Lopez Obrador's policy shifts ultimately risk further crippling the country's state-owned oil firm Petroleos Mexicanos (Pemex), while delaying its electricity sector's shift to renewable energy sources. 
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SnapshotsMar 20, 2020 | 21:01 GMT
Despite Falling Oil Prices, U.S. Production Cuts Remain Unlikely
In response to collapsing global oil prices, there are signs that U.S. President Donald Trump -- and now, the agency overseeing Texas' massive energy industry -- is mulling a potential production cut deal with Russia and Saudi Arabia. But doing so would mean overcoming political hurdles in the United States, divisions over proposed production cuts in the U.S. oil industry, and the challenges associated with negotiating an agreement between the world’s largest oil producers. 
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AssessmentsNov 18, 2019 | 10:00 GMT
Color satellite image of the Niger Delta region in Nigeria. The city of Lagos, the second-most populous city in Africa, can be seen west of the river on the Atlantic coast.
Nigeria's Risky New Oil Revenue Plan
Life just got harder for major oil companies operating off the coast of Nigeria. On Nov. 4, Nigerian President Muhammadu Buhari signed a law updating the terms of the country’s production-sharing contracts that, among other changes, increase royalties on international oil firms. As Africa's top crude producer, Nigeria is almost entirely financially dependent on its petroleum operations, which account for 90 percent of government revenue. The current oil glut has thus hurt Nigeria's pocketbooks particularly hard, forcing it to consider drastic measures to squeeze out more money from its growing offshore operations. But by placing international companies in its crosshairs, Nigeria instead risks driving away the crucial deep-water investments in needs to keep its lights on.
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SnapshotsAug 6, 2019 | 20:30 GMT
Venezuela: The White House Broadens the Target Set for Sanctions
The United States, with national security adviser John Bolton, the principal architect of the White House’s strategy to force the Venezuelan president to step down, leading the charge, is doubling down on an economic coercion campaign with the intent of either compelling Nicolas Maduro to accept an exit deal to pave the way for an election or improve the conditions for a coup. The biggest question moving forward is how far the U.S. Treasury Department can and will go in enforcing a more expansive sanctions strategy against Venezuela. The countries foremost on the U.S. radar for their economic involvement with Venezuela include Russia, China, Cuba, Iran, Turkey and India.
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AssessmentsNov 20, 2018 | 09:00 GMT
A Colombian rescue crew evacuates a "victim" in a Brazilian air force helicopter during an earthquake simulation exercise conducted by air force members at the Palenquero base in Puerto Salgar, Colombia, on Sept. 6, 2018.
Caracas' Push for Illegal Mining Is Creating Problems for Its Neighbors
Venezuela's desperate attempts to offset the loss of revenue from its collapsing oil sector are creating headaches for its neighbors. During the past two years, the government has put in motion a survival strategy to replace its declining hydrocarbon income with proceeds from mining exports, often from illegal excavations operated by criminal and militant groups. But these illicit operations are spreading over the poorly patrolled borders into western Guyana and potentially into northern Brazil, meaning Caracas' game plan could soon come into direct conflict with the interests of those two countries.
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AssessmentsFeb 16, 2018 | 09:00 GMT
Wind turbines spin alongside the Drax power station, the biggest coal-fired plant in Europe.
In the Energy Sector, a New Kind of Hybrid Emerges
The global transition away from fossil fuels and toward more sustainable energy sources is well underway. Though the rise of green technologies such as solar panels or electric vehicles may seem to bode ill for the international oil industry, many oil companies are trying to change with the times. Royal Dutch/Shell, for example, spent $217 million in January to buy a 43.8 percent stake in Silicon Ranch, a U.S.-based solar developer. Rather than competing against low-carbon technologies, fossil fuel companies are increasingly working to incorporate them, setting the stage for a new class of hybrid firms to emerge in the global energy industry.
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