Summary: after years of decline, the production of oil and gas in Algeria could be given a strong boost by the decision of the Algerian authorities to allow the exploration of the country’s shale resources.
Summary: the war-induced scramble for hydrocarbons and calls from the majors for more investment in oil and gas output should not distract from an ongoing seismic shift to renewables which may advance ‘peak oil’ to as early as 2025, a scenario that will give pause for thought and serious consideration in Gulf energy states.
Summary: the fighting in Libya may have all but ended in 2022 but that may be the calm before a coming storm as contestation grows over gas rights in the eastern Mediterranean.
Summary: the fighting may have all but ended in 2022 but that may be the calm before a coming storm as Washington prepares to challenge the Wagner group in Africa and contestation grows over gas rights in the eastern Mediterranean.
Summary: despite the recent uptick in equity markets, global economic prospects look gloomy enough to justify agreement on a further cut in output when OPEC+ meets on 4 December.
Summary: Qatar is forging ahead with an ambitious programme to dramatically expand gas output in its vast offshore North Field; the Saudis are using the PIF to fund a breakaway golf league.
Summary: opportunity beckons for Algeria as Europe struggles to meet its urgent need for reliable gas supplies but much needs to change in the energy, financial and industry sectors for the country to realise its full potential as a major European gas supplier.
Summary: the IMF has made a new loan to Egypt contingent upon fiscal and structural reforms. The problem is those reforms are likely to serve only to drive more and more Egyptians into absolute poverty while further enriching the military elite.
Summary: Emmanuel Macron carried off a charm offensive with Algeria’s President Tebboune securing a rapprochement that promises much but provides little in the way of concrete details.
Summary: Egypt is preparing to host COP27 at Sharm el Sheikh this November where it is expected to make the case for reparations for the Global South, despite its own poor environmental record.