Lawyers In Energy Network’s Post

ICYMI: The fall of Bashar al-Assad's regime in Syria marks a regional political shift, but its impact on the #oil market remains minimal due to the country’s drastically reduced #production and exports since 2011. L’article Fall of the Assad Regime: Limited Impacts on the Global Oil Market est apparu en premier sur energynews.

ICYMI: South Sudan plans to revive its #oil production, critical for its economy, despite challenges related to damaged infrastructure and ongoing tensions with Sudan. L’article The South Sudan Oil Revival: Balancing Economic Hopes and Logistical Challenges est apparu en premier sur energynews.

South Sudan Could Soon Resume Exporting Crude Oil via Sudan

Houthis could cripple Saudi Arabia’s oil exports. Attack on Houthis threatens oil market, and Trump won’t get low oil prices without threatening U.S. shale producers, says McNally. New tensions in the Middle East threaten to curtail oil supplies from the region, according to Rapidan Energy Group President Bob McNally. Israel’s recent actions against the Houthis in Yemen could trigger increased tensions between Yemen and Saudi Arabia, McNally told Bloomberg. “Phase one after October 7 was Gaza, phase two was Hezbollah, and neither of them threatened oil. Now we’re moving on to the Houthis, who have threatened Saudi Arabia,” he said, noting that the evolving situation puts crude supplies at greater risk. Traders are also looking ahead to Donald Trump’s inauguration in January to see how the new administration might impact oil supply and demand. McNally said his firm believes the president-elect’s cabinet will be more effective than the current one at managing U.S. energy security through an aggressive foreign policy stance, which could include a renewed maximum pressure campaign against Iran. However, Trump’s ability to deliver on other energy-related campaign promises, such as cheap gasoline, remains in question, McNally said. To cut gasoline prices in half, his administration would either have to “throw the economy into a catastrophic recession” or convince Saudi Arabia to open its spigots. Both would crush the U.S. shale sector, he said. “At $1.50 a gallon, U.S. energy dominance is over,” McNally said. Content Author: https://lnkd.in/egV-Q8BH Source: https://lnkd.in/etbUc4ps   #butov #oilgasmarket #oilgasworld #innovation #management #humanresources #technology #digitalmarketing #entrepreneurship #careers #socialmedia #socialnetworking #futurism #startups #branding #advertisingandmarketing #creativity #marketing #sales #motivation #energy #money #sustainability #productivity #gettingthingsdone #leadership #education #strategy #business #europe #mindfulness #inspiration #engineering #africa #india #europeanunion #china #smallbusiness #success #production #oilandgas #collaboration #contentmarketing #research #globaltrade #onlineadvertising #dubai #kenya #abudhabi #socialmediamarketing #manufacturing #climatechange #oilandgas #work #oilgas #science #logistics #hydrocarbons #shipping #growth #uae #marketresearch #oil #oilindustry #oilandgasindustry #agriculture #designer #oilfield #oilindustry #petroleum #trading #gas #chemistry #chemical #petrochemical #agro #refinery #import #export #industrial #agribusiness #quality 

Seems Like #South #Sudan #Dar/ #Nile #Blends are not gone reach the #International #Markets with #full #swing in the present Quarter with a Capacity of 0.1 MB/day due to the Civil wars in the Sudan Region result in halting the some of Production in the South Sudan as there is less possible way to Export in large scale ( as many blockers to the Great Nile Pipeline from South Sudan to Sudan (0.25 million bbl/day capacity) due to attacks from civil war) Seems like no progress in Lamu Port-South Sudan (LAPSSET) in Kenya which can review the South Sudan Crude Export. if these barrels reach international market they is chance of having the present Crude oil Price spike a little Bit. https://lnkd.in/geeqCYPX #DarBlend #SouthSudan #CrudeExports #PetrodarPipeline #KhartoumRefinery #NileBlend #OilSales #SudansCivilWar

https://lnkd.in/dgpMmAvz Sudan RSF- Rapid Support Forces control Khartoum while SAF- Sudan Armed Forces control Port Sudan on Red Sea.Civil war cut 65% of S.Sudan oil exports from Unity State Oil Fields via Greater Nile Pipeline since February 2024 leaving over reliance on 35% via Upper Nile Petrodar Pipeline; dramatically causing a fiscal crisis to finance budget as S.Sudan tax non oil tax revenues ( Income tax PAYE & CIT; VAT; Excise tax and Customs Duties) are very low.Hyper inflation; USD SSP depreciation with widening official vs parallel rates; monetized overdrafts ; Oil OUs deals; dissarays in Nairobi peace initiative; postponing 2024 Dec elections and implementation of Revitalized Peace Agreement including integration of rebel forces into joint army; reduced humanitarian aid; rising humanitarian crisis from Sudan refugees are other challenges.Upsides- bilateral & multilateral bailouts; peace negotiations; Troika ( Norway; UK; US) support; UNMISS; strong diaspora remittance inflows; diversifying economy beyond oil via agriculture and maybe a South Sudan Private Sector Development Marshall Plan to build an economy that is more inclusive ; sustainable ; broad based and diversified. Alternative Medium to Long Term Oil Pipeline Solutions - South Sudan Addis Ababa ( Ethiopia) -Djibouti oil pipeline on Red Sea or Lapsset via Lamu ( Kenya) on Indian Ocean

The South Sudanese government, in collaboration with key oil companies, jointly announced the resumption of oil production and export in the Upper Nile State. The initial output target of 90,000 barrels of crude oil per day demonstrates a concerted effort towards economic recovery. The resumption of oil production follows the Sudanese government lifting a nearly year-long force majeure, a legal clause that allows a party to suspend or terminate its obligations due to unforeseen circumstances, on the transport of crude oil from its neighbor South Sudan to a port on the Red Sea because of the ongoing conflict in Sudan. When South Sudan became independent from Sudan, it took over about three-quarters of the oil reserves, while Khartoum retained control of all pipeline and export facilities. ©️DW Africa

South Sudan plans to revive its #oil production, critical for its economy, despite challenges related to damaged infrastructure and ongoing tensions with Sudan. L’article The South Sudan Oil Revival: Balancing Economic Hopes and Logistical Challenges est apparu en premier sur energynews.

Libya Resumes Oil Production and Exports Amid Political Maneuvering Insights: 1. Resumption of Oil Production: • Libya’s eastern government, led by the Haftar clan, has lifted the force majeure on oil output and exports, allowing the country to restart its oil production just hours after a political agreement was reached regarding leadership at the Central Bank of Libya (CBL). 2. Political Context: • The lifting of the force majeure follows the appointment of two compromise candidates to lead the CBL, which is crucial for controlling the country’s oil revenues. However, the effectiveness of these candidates remains uncertain due to the pervasive corruption and power struggles between Libya’s eastern and western factions. 3. Ongoing Power Struggles: • Both the Haftar and Dbeibah clans have historically benefited from the political stalemate, which provided a false sense of stability. The current situation reflects a fragile balance where both sides are eager to maintain control over oil revenues while preparing for potential future conflicts over power and resources. 4. Historical Production Levels: • Before the recent blockade, Libya was producing approximately 1.2 million barrels per day (bpd). The resumption of oil production is expected to continue until the next dispute arises over revenue-sharing or leadership control within the CBL. 5. Implications for Stability: • While the resumption of oil exports may provide a temporary boost to Libya’s economy, the underlying political tensions suggest that this stability could be short-lived. The ongoing rivalry for control over oil revenues poses a significant risk for future production disruptions. 6. Turkish Petroleum Discovery: • In a related development, Turkish Petroleum (TPAO) announced the discovery of one billion barrels of oil in Turkey’s Sirnak province, marking the largest onshore oil find in the country. This discovery, located near Cizre, is currently producing 10,000 bpd, indicating potential for increased domestic oil production in Turkey. 7. Broader Regional Implications: • The developments in Libya and Turkey highlight the complex interplay of geopolitics and energy resources in the region. Libya’s ability to stabilize its oil production could impact global oil markets, while Turkey’s new discovery may shift its energy dynamics. 8. Future Outlook: • The situation in Libya remains precarious, with the potential for renewed conflict over oil revenues and political control. Stakeholders will be closely monitoring developments as the country navigates its internal divisions while attempting to capitalize on its oil resources.

Libya's Oil Export Halt: A Growing Security Concern for the Region 🚨 Libya’s ongoing oil export halt, driven by deep political divisions, is creating serious challenges for both regional stability and global energy markets. Oil accounts for 98% of Libya’s revenue, and since the force majeure was declared, the country’s production has plummeted to just 590,000 barrels per day, down from an average of 1.18 million bpd earlier this year. This significant reduction has contributed to price fluctuations across global markets, with oil prices spiking by as much as 3-5% due to the disruption. Security experts are raising alarms about the potential for renewed conflict, with the Wagner Group’s involvement and the power struggle between rival factions threatening to escalate into armed clashes. The European Union has also called for an immediate end to oil field closures, stressing that the continued disruptions are crippling Libya’s economy and jeopardizing global energy. With 78% of European oil imports coming from outside the bloc, Libya’s reduced output is also affecting Europe’s energy supply chains, which could worsen if the crisis continues. In a world increasingly focused on energy security, Libya’s political unrest serves as a stark reminder of how geopolitics can directly impact global markets and regional stability. #SecurityTrends #Libya #OilCrisis #Geopolitics #EUResponse #EnergyMarkets #IndustryInsights