After a volatile 12 months for LNG freight rates, James Henderson, Director of the OIES Gas Programme, and Howard Rogers, the Programmes Chairman, discuss Howard’s recent paper ‘The LNG Shipping Forecast’. Their conversation ranges from a review of the recent trends in LNG shipping rates to a debate about Howard’s new model for shipping costs […]
India’s government is attempting to revive investments in its upstream sector, following several years of decline. These efforts are focused on achieving a policy objective of reducing energy imports by 10 per cent over current levels by 2022. Following an auction of marginal fields held by its National Oil Companies (NOCs) in 2016, an open […]
The final decision in the commercial arbitration between Gazprom and Naftogaz Ukrainy, on multiple disputes over their gas supply and transit contracts for 2009-19, was issued late last month. The total claims in the case, which started in 2014 at the Arbitration Institute of the Stockholm Chamber of Commerce, were reported to be higher than […]
This article, published in Gazprom Export Blue Fuel Magazine, examines the consequences of record Russian exports into the EU. If Gazprom’s market share is too high in the future, could this allow the EU to push its new policy agenda?
In this Oxford Energy Podcast David Ledesma interviews Anouk Honore, Senior Research Fellow at the OIES, about the current challenges taking place in gas supply from the Dutch Groningen gas field. The interview discusses the recent earthquakes in the Groningen area of the Netherlands and their impact on the gas production caps on Dutch gas […]
Norwegian net gas production reached a record high of 122 bcm in 2017, confounding many industry observers who had in 2016 and 2017 been sceptical of the ability of the Norwegian Continental Shelf (NCS) to maintain production at 110-115 bcm. In January 2018, the Norwegian Petroleum Directorate (NPD) made significant upward revisions to its gas […]
Gazprom has confounded many expectations by enjoying two record years of gas sales in Europe in 2016 and 2017. External factors have certainly played a role in its success, with overall European demand rebounding, indigenous production continuing to fall and alternative sources of imports failing to deliver at the expected levels (especially LNG). In addition, […]
In this presentation, given at IP Week, Bassam Fattouh discusses the heightened geopolitical risks in the Middle East and North Africa (MENA) and the potential impacts, both short-and long-term, on oil and gas markets. He argues that the nature of geopolitical risks in the region has changed dramatically and that despite the defeat of the […]
The Japanese oil industry and oil policy are undergoing a major transformation due to decreased oil demand and industry rationalization. As recently, as 1997 oil imports in Japan exceeded 5.7 Mb/d making the country the second largest oil consumer in the world. The oil industry itself was highly fragmented and comprised for former national oil […]
The cost of shipping LNG has always been an important element to include in the assessment of new LNG project breakeven economics, or in selecting the optimum destination for a spot cargo of LNG. This Energy Insight was prompted a perception that convenient rules of thumb for LNG transport costs were becoming outdated. Until recently, […]
2018 started on a positive note for oil markets with Brent prices breaking through $70 a barrel for a few days and all the key international crude oil benchmarks flipping into backwardation. Yet, there is still a wide uncertainty engulfing the oil market, with very divergent views among market observers about how the oil price […]
While the market has been focused on short-term issues such as OPEC’s success in rebalancing the market in 2018; its exit strategy after the expiry of the deal; and the risk that the market over-tightens, OPEC and its dominant player Saudi Arabia have been keen to shift the market focus towards the longer term. The […]
In April 2018 we will be holding our annual 'Middle East' Day.
The meeting will bring together a select group of key senior figures from governments, energy companies, the financial industry, research institutes, and think tanks.
The meeting will focus on six key themes:
1. Global Overview of the Renewables Market
2. Power Sector Reforms & Relevance of the Market Model
3. Renewable Deployment and Electricity market Design
4. The Role of Competitive Auctions as a Policy Tool for Renewable Development
5. Financing Renewable Energy Projects
6. The Current Status of Renewables Policy in the GCC
In November 2018 we will be holding the 13th Annual Gas Day.
The event, held at St Anne’s College, Oxford, will bring together sponsors of the OIES Natural Gas Research Programme along with invited guests from the academic, media, and corporate sectors.
The event is a forum for debate on natural gas issues of international significance, as well as regional and national issues, for example; gas and LNG in: Europe, Asia, CIS countries, the Middle East and North Africa; Atlantic Basin LNG, gas pricing (in different parts of the world), market reform and regulatory issues.
At the end of May 2018 we will be holding the annual OIES Brainstorming.
The Institute has been holding an annual Brainstorming meeting since 1990.
The meeting is one full day and one half day of brainstorming discussion amongst participants.
We bring together around thirty participants from energy companies, financial institutions, governments and international organisations for a wide-ranging discussion on topical energy issues.
Oxford Energy Podcast https://t.co/HwSJR8vDpR
OIES paper presents policy options on India's upstream reforms, arguing that the setting of appropriate bidder qual… https://t.co/zUNTi22HOP
OIES's @thierry_bros quoted in French @LesEchos on US becoming a net gas exporter in 2017 - https://t.co/kDQPkmhdWA