Insider Secrets

Insider Secrets

Learn how the PROs are making money from the oil and energy market.

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Geopolitics

  • U.S. Sinks Nails in Iranian Economic Coffin

    Oil priced at around $100 per barrel means Iran for May was out around $300 million in oil revenue because of Western economic sanctions. A U.S. Treasury Department official said sanctions are taking a slice out of oil revenue for the Islamic republic after years of pressure and May exports of oil from Iran may be at record lows. Sanctions are meant to starve Iran of the finances it needs to support its nuclear research. Following a damning report from the IAEA, the country may find itself with its back against the wall unless it changes course and fast. Crude oil…

  • Thailand’s Energy Shortages Raise Political Temperature

    Thailand has not had an easy time over the past several years. The government was reshuffled in 2011, the country was hit with massive flooding in October of the same year, and since January 2004 the central government has been battling Muslim separatists after violence erupted in the country’s southern Muslim majority provinces of Narathiwat, Pattani and Yala.Now, electricity shortages are adding to Bangkok’s problems.The U.S. government’s Energy Information Agency notes, “Thailand's rapidly expanding economy over the past two decades has spurred the need for building more generation capacity to keep pace with higher electricity demand. So far, Thailand's installed…

  • Oil More Likely to Divide Lebanon than Unite it

    Lebanon has long been a country divided by its politics and its religion and now it might be further divided by its oil.Many Lebanese are elated by the discovery of large reserves of oil and natural gas just off its coast, lying beneath the waters of the Mediterranean in an area between the Lebanese coast and the shores of Cyprus and Israel.Yet this gift that comes as a gesture from the gods, which if properly administered could resolve much of this little county’s large financial burdens, and would place Lebanon almost on a par with some of the oil-rich sheikdoms…

  • Wake-Up Call for Turkey’s AKP

    Five days of protests in Turkey highlight the government’s horrific crisis mismanagement and serves as a wake-up call for the ruling party that was caught off guard, basking in its solidification of power and its progress towards becoming a major energy hub. The mass protests, which have now been joined by the 240,000-strong trade unions, were unexpected—largely because they weren’t planned in the first place.What started with a group of concerned citizens on Friday took issue with plans to raze the Gezi Park—the last patch of green in Istanbul—to make way for an Ottoman-style military barracks and a shopping mall,…

  • Myanmar Attracting Major Energy Investors

    China's national oil company said it's finished building six new oil storage tanks on a tiny island off the coast of Myanmar. More work is planned there in terms of pipeline infrastructure as China tries to get around busy shipping lanes. Investments in Myanmar have increased in response to a series of democratic reforms that began with general elections in 2010. Human rights groups worry the international community is doling out the rewards too soon. Myanmar President Thein Sein scrapped a controversial dam in 2010 and the government has since backed transparency initiatives, however. Though religious violence has continued in…

  • Moscow Eager to Retain Azeri Oil Transit

    One of the world’s most important energy developments of the past two decades since the collapse of the Soviet Union in 1991 has been the development of the Caspian’s energy potential, which has attracted worldwide investor attention.On 23 June 1998, at a “Collateral Damage Conference” hosted by the Cato Institute in Washington DC, Halliburton CEO and later U.S. Vice President Dick Cheney observed, “I can't think of a time when we've had a region emerge as suddenly to become as strategically significant as the Caspian. It’s almost as if the opportunities have arisen overnight.”The “opportunities” introduced a geostrategic struggle between…

  • Turkey: Game-Changing Oil & Gas Legislation Afoot

    We’ve noted recently that Turkey is a hot venue for both the majors and the juniors, but that there still hasn’t been that one big find to put the country on the fossil fuels map in terms of exploration and production. For now it’s all about exploration potential, analog geology, good governance and plenty of infrastructure to get product to market. But now there’s another potential game-changer that could make this venue even more attractive for E&P companies … and the mainstream media hasn’t picked up on it, so here’s your chance. The significance of this should not be underestimated.…

  • KURDISTAN: Genel Announces Another Find

    Bottom Line: Anglo-Turkish Genel Energy—the biggest license holder in Iraqi Kurdistan—has announced another discovery, boosting the company’s already significant resources in Kurdistan. Analysis: Genel Energy (LON:GENL) and partner Gulf Keystone (LON:GKP) have confirmed another commercial oil discovery in the Ber Bahr exploration well after drilling to a depth of 3,933 meters encountered good oil shows over a 300-meter interval. The well is operated by Genel. This was the sidetrack test (initial testing failed) and this time around we’re talking about flow rates of about 2,100 barrels of oil per day. Development of the field will begin in the second half…

  • POLAND: Shale Tax Policy Delay, Little Appeasement for Investors

    Bottom Line: Shale gas explorers in Poland get a bit of a boost (but not enough) as the government prepares to postpone shale gas production tax collection for five years after it comes into force. Analysis: Poland’s new law on hydrocarbon taxes comes into force in 2015, but the government - very wary of more explorers abandoning its prospects—is planning to postpone this for five years, meaning that taxes would not be collected until 2020. Not too long ago, Poland was heralded as Europe’s best shale gas prospect, but drilling has been slow and somewhat disappointing so far. Over 100…

  • COLOMBIA: Oil Pipelines Remain Constant Rebel Target

    Bottom Line: Despite news of significant progress in peace talks between the government of Colombia and the rebel group FARC, guerrillas in the north and south of Colombia remain active. In the past two weeks, at least 18 members of the Colombian military were killed in conflicts with the FARC or ELN, belying the success of the peace negotiations. During the same period, numerous FARC attacks on oil pipelines caused major disruptions for Petronorte and Ecopetrol. Analysis: Eight sequential blasts tore apart a pipeline belonging to Petronorte in the department of Norte de Santander on 20 May. The explosions were…

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