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Showing 2042 results for Oil and Gas Development Co sorted by

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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AssessmentsAug 25, 2020 | 18:58 GMT
Army vehicles patrol the roads on the outskirts of a village in northern Mozambique on May 26, 2016.
To Protect Its Energy Projects, Total Joins Mozambique's Counterterrorism Fight
Total's decision to support Mozambique's fight against insurgents may help protect its energy facilities from direct attacks, even as it risks the French oil major's reputation while doing little to reduce escalating militant activity in the country's north. On Aug. 24, Toal signed a security agreement with the Mozambican government to protect the $20 billion liquified natural gas (LNG) project it's developing in the country's northernmost province of Cabo Delgado. Under its new pact, Total has agreed to provide logistical support to a newly established joint task force focused guaranteeing the protection of the company’s planned onshore LNG facility, which is located in the Afungi Peninsula near the northern town of Palma. 
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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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On GeopoliticsJul 17, 2020 | 09:30 GMT
Mischief Reef in the disputed Spratly Islands on April 21, 2017.
In the South China Sea, Washington Tries to Balance Support and Entanglement
In the recently released U.S. Position on Maritime Claims in the South China Sea, Washington continues to walk a delicate balance between supporting its allies and partners in the region and avoiding entanglement in regional territorial conflicts. The test will come when the United States is called to act upon its more clearly articulated position on Chinese expansionist behavior.
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Quarterly ForecastsJun 29, 2020 | 00:02 GMT
2020 Third-Quarter Forecast
While many of the trends identified in our annual forecast remain slowed down by COVID-19, their pace is picking up as countries carefully emerge from lockdown.
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AssessmentsMay 15, 2020 | 10:00 GMT
Iraqi Prime Minister Mustafa al-Kadhimi makes a speech in Baghdad on May 6, 2020. The following day, Iraq's parliament granted a vote of confidence to al-Kadhimi’s new government and swore in a majority of his 22 ministers.
A Monumental Task Awaits Iraq’s New Government
On May 7, Iraq swore in its first legitimate government since violent protests led to the collapse of its last government in December. After months of political turmoil, the formation of the new government, led by former intelligence chief Mustafa al-Kadhimi as prime minister, is in itself an achievement. But no matter how coherent al-Kadhimi’s administration proves to be, Iraq’s increasingly dire economic situation -- made worse by the COVID-19 crisis and subsequent oil market shocks -- will make it difficult to maintain social and political stability, as well as manage domestic and external security. 
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AssessmentsMay 12, 2020 | 10:00 GMT
An image of a gas flare at the Mozyr Oil Refinery in Belarus on Jan. 4, 2020. Russia recently resumed its oil deliveries to Belarus after a pricing dispute prompted Moscow to halt its supplies at the beginning of the year.
By Diversifying Its Oil Imports, Belarus Limits Russia’s Leverage
In recent months, Russia has weaponized its discounted oil deliveries to coerce Belarus into accepting a level of economic and political integration that would essentially guarantee its loyalty. This strategy, however, has only emboldened Minsk’s push to diversify its oil imports. But Belarus’ continued dependence on Russia’s close trade ties and natural gas exports will still leave Moscow armed with other sources of leverage to wield over its smaller neighbor in future negotiations.
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AssessmentsApr 17, 2020 | 10:00 GMT
An image of the Algerian flag. Plummeting oil demand and prices due to the COVID-19 crisis have sapped the Algerian government of its primary revenue source.
COVID-19 Reveals the Depth of Algeria’s Economic Woes
Algeria has relied on oil and gas revenue to fund its myriad of extensive but expensive social spending programs for decades. But the government’s primary development tool now risks collapsing under the weight of plummeting oil prices and demand due to the COVID-19 pandemic. Since the previous oil and gas price slump in 2014, when export revenues were halved, Algeria’s foreign exchange reserves have dropped from $194 billion to just $62 billion in February of this year. The reserves are likely to continue draining fast as the pandemic continues to rattle global markets and suppress global demand for oil and gas.  Despite being one of the wealthiest countries in the Middle East and North Africa, Algeria’s wealth heavily depends on oil and gas revenue, which accounts for 60 percent of its state budget and nearly all (94 percent) of the country’s export revenue. By highlighting its severe vulnerability to global market
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AssessmentsApr 16, 2020 | 10:00 GMT
A pumpjack outside the Russian city of Surgut.
The Golden Age of Russian Oil Nears an End
Russia's easily accessible oil reserves have long been the cornerstone of its economy. But these conventional fields are depleting, leading to the need to invest and expand into more untapped sources. This transformation will not be easy or cheap, as various factors have led to a poorly optimized oil sector that's ill-equipped to soften the blow of rising costs. The key to maintaining a strong energy market, and securing the capital needed to develop new and expensive fields, will instead rest on whether Moscow can secure its foothold in China's increasingly oil-hungry market. In any case, Russia may have little choice but to accept that its glory days of oil dominance and high profit margins are nearing an end. 
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On SecurityApr 14, 2020 | 11:00 GMT
When an Economic Crisis Collides With an Unprecedented Espionage Threat
I've seen a number of news reports discussing how the lockdowns and travel bans resulting from COVID-19 are hindering the ability of intelligence officers to do their jobs by preventing them from being able to conduct in-person source meets. The inability to conduct face-to-face source meets, and to make personal contact with recruitment targets to develop relationships with them, is a valid concern. I would like to suggest, however, that the economic crisis resulting from COVID-19 will also provide intelligence officers a golden opportunity to spot and recruit new agents.
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AssessmentsApr 9, 2020 | 10:00 GMT
The walls surrounding the Kremlin are reflected on a plaque at the entrance of the oil company Rosneft's headquarters in Moscow. 
Russia Loosens the Reins on Rosneft
The Russian government no longer has a majority stake in Rosneft for the first time in the energy giant’s 27-year history. On March 28, Rosneft announced that it had sold all of its assets in Venezuela as part of a deal with the wholly government-owned company, Rosneftegaz. The sale is designed to shield the company’s Venezuelan operations from further U.S. sanctions, while still allowing Moscow to continue its support of the disputed rule of President Nicolas Maduro. But by continuing Rosneft's slow and steady shift toward privatization, the passing of this threshold could also open the company up to a more market-driven and prosperous future. 
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AssessmentsMar 16, 2020 | 13:46 GMT
A photo of a security official administers hand sanitizer in Lagos, Nigeria, on Feb. 28, 2020. The city's 20 million residents scrambled for hygiene products following the announcement of the first confirmed coronavirus case in sub-Saharan Africa.
Coronavirus Is Coming for Nigeria -- and Its Economy
As the coronavirus pandemic seeps into more corners of the world, sub-Saharan Africa has so far come out relatively unscathed. But there are signs the virus is now starting to make its way across the vast region -- and as it does, Africa's most populous country and largest economy, Nigeria, could face some of the sharpest losses. Like most of its African peers, Nigeria has an extremely vulnerable and overtaxed health care system that could buckle under the weight of an outbreak. But even if Nigeria somehow evades a wider contagion, the growing number of coronavirus cases elsewhere in the world will still risk tipping the country into crisis by slashing demand for its vital oil exports.
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AssessmentsFeb 28, 2020 | 10:00 GMT
This photo shows the Guyanese flag.
The High Stakes of Guyana's Elections
Rarely do a country's elections matter as much for its future political balance of power as the March 2 ballot will for Guyana. The national balloting comes just 11 days after Guyana exported its first cargo of oil abroad, marking the beginning of a significant economic windfall to come as the country becomes the world's latest to join the oil production club. In the coming years, an oil boom will make Guyana one of the wealthiest countries in South America. The winner of the national elections will then have the chance to cement its political legacy through the kinds of economic patronage that come with increased wealth for the government.
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