Major events in Caspian countries' oil and gas industry

KazMunaiGas and Schlumberger agree to cooperate READ MORE

Arctic Norwegian town looks north to Barents Sea oil and gas


As both Norway and Russia race to extract potentially vast amounts of energy from the Barents Sea, a small Norwegian town in the high Arctic could become the hub for a new era of oil and gas exploration. READ MORE

North Africa Instability Affects European Energy Security

By Ioannis Michaletos

The North African region has played a decisive role over the past few years in shaping global political agendas. It is the birthplace of the Arab Spring (Tunisia) and the region often most affected by Islamist terrorist groups in the wider MENA area. Terrorism impacts the energy security of the European Union, and has the potential to become a source of significant instability in the near future. READ MORE

Major events in Caspian countries' oil and gas industry for week

Azerbaijani State Oil Fund budget approved for 2013 READ MORE

IEA Pegs U.S. as Top Oil Producer by 2020


By Benoît Faucon And Sarah Kent

A shale-oil boom will thrust the U.S. ahead of Saudi Arabia as the world's largest oil producer by 2020, a radical shift that could profoundly transform not just the world's energy supplies but also its geopolitics, the International Energy Agency said. READ MORE

Oil and Gas Factor in Karabakh Conflict: New Trends

By Sergey Minasyan

It’s not a secret that today the main financial-economic and partially geographic resource of Azerbaijan within its policy in Karabakh conflict – are particularly significant incomes from Caspian energy sources production (oil and gas). They give hope to military-political leaders of Azerbaijan to achieve cardinal advantage in military-technical sphere and activation of armament race, to finance big regional projects around Armenia, to invest or even open corruption financial aid in third countries, and undertake other steps with the target to achieve favorable change of processes within Karabakh conflict, to force Armenia to make one-side concessions. Simultaneously oil factor also increases geopolitical significance of Azerbaijan per estimations of regional and even world actors. READ MORE

Why Doesn't the United States Export More Oil?


By Christopher Swann

America’s energy boom is spurring a clash between the realms of politics and economics. Meaningful exports of oil have been banned for almost a century. But with output surging and crude fetching a 20 percent discount at home, producers want to ship it overseas. BP, Royal Dutch Shell and four others have applied for limited licenses to do just that. Unblocking trade could benefit everyone. READ MORE

Common Ground in Energy Policy

By John P. Banks

A divisive energy policy debate is playing an increasingly prominent role in the presidential election campaign, reflecting long-simmering themes that emerged in the 1970s. READ MORE

Probable reserves of oil in Kazakhstan exceed 17 billion tons

Probable reserves of "black gold" in the Kazakh sector of the Caspian Sea exceed 17 billion tons (124.3 billion barrels), the head of Kazakhstan's national oil and gas company "KazMunaiGas" Lazzat Kiinov. READ MORE