ENERPO JOURNAL

European University at St. Petersburg

Category: Weekly Top 10 Newsletter

  • Week in Review October 3 – 9

    Week in Review October 3 – 9

    by Alexander Geysman, Irina Mironova, Sophie Nguebana, Glenda Pavon, Alberto Perego, Bogdan Polishchuk, Daniel Tsvetanov Secret Reserves? China increases strategic reserve during price glut Geospatial analytics startup company Orbital Insight Inc. based in Palo Alto, California, announced that China may have more oil reserves than it has declared. Information is based on satellite images of…

  • Iran and its new Petroleum Contract (IPC): a New Paper Drill

    Iran and its new Petroleum Contract (IPC): a New Paper Drill

    By Alberto Perego Iran has the largest gas reserves in the world, and the 4th largest oil reserves. Its current oil production capacity is around 3.6 million barrels a day, and it is no secret that, with the sanctions lifted, Iran plans to increase production up to 5 million barrels a day. This is not…

  • Week in Review Sept 26 – October 2

    Week in Review Sept 26 – October 2

    by Alexander Geysman, Irina Mironova, Sophie Nguebana, Patrick Osborne, Glenda Pavon, Alberto Perego, Bogdan Polishchuk, Daniel Tsvetanov, Kelsey Zimmerman OPEC Deal: Riyadh and Tehran Reached a Pact on Reducing Crude Oil Production As producing countries gathered in Algiers for talks on September 28, Riyadh and Tehran reached a pact on reducing crude oil production. The exact…

  • Seminar Report – Norway and Russia: the Polar Connection
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    Seminar Report – Norway and Russia: the Polar Connection

    by Patrick Osborne The seminar, “Russia and Norway: the Polar Connection” took place on September 14, 2016 at the Russian National Geographic Society in Saint Petersburg. ENERPO students and professors were able to take part in the Polar exhibition and seminar commemorating the 20th anniversary of the Arctic Council. Professor Nikita Lomagin, Academic Director of…

  • Shell Begins Production in Ultra-Deepwater Gulf of Mexico
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    Shell Begins Production in Ultra-Deepwater Gulf of Mexico

    By Glenda Pavon Royal Dutch Shell recently began production at the Stones offshore field in the Gulf of Mexico. Shell formally announced the beginning of production on Tuesday, the 13th of September through a press announcement on the company’s website. The Stones, located in the Walker basin, is located 322km off the coast of New Orleans.…

  • Week in Review September 19-25
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    Week in Review September 19-25

    by Timoty Abraham, Alexander Geysman, Irina Mironova, Elisabeth Nguebana, Patrick Osborne, Glenda Pavon-Suriel, Alberto Perego China Wants its Nuclear Industry to Grow Dauntingly Fast Chinese city of Lianyungang saw people protesting last month against the nuclear power plant, already built in the area. China has started its nuclear adventure only in 1994 and since then…

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    Russia and Saudi Arabia Stabilizing the Oil Market: A Prisoner’s Dilemma?

    by Daniel Tsvetanov During the G20 summit in Hangzhou, China, the Russian Energy Minister Alexander Novak and the Saudi Arabia Minister of Energy, Industry and Natural Resources Khalid bin Abdulaziz Al Falih signed a joint declaration for the stabilization of the oil market. Novak and Al Falih agreed on joint measures and steps, recognizing the…

  • Week in Review September 12 – 18
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    Week in Review September 12 – 18

    Photo by Jerry Mathes III Patrick Osborne, Daniel Tsvetanov, Bogdan Polishchuk, Alexander Geysman, Timothy Abraham, Glenda Pavon Suriel ExxonMobil: Asset Valuation Reporting Standards In the oil and gas industry, many companies have gone through reductions in assets values over the past two years; this normally was accompanied by non-cash charges (expenses that reduce earnings but…

  • The Week in Review September 5 – 12
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    The Week in Review September 5 – 12

    by Sophie Nguebana, Daniel Tsvetanov, Patrick Osborne, Alberto Perego, Alexander Geysman, Timothy Abraham – Featured photo by Jerry Mathes III Egypt to Use Gas from Cyprus In the end of August, Cyprus and Egypt signed an agreement, under which natural gas from offshore fields located in Cyprus will be supplied to Egypt. The agreement (which…

  • Israel: How Nuclear Energy Can Affect National Security
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    Israel: How Nuclear Energy Can Affect National Security

    By Henrik Vorloeper There are 1537 reasons why Israel could finally admit the possession of nuclear weapons and put an end to the allegory of the “world’s worst kept secret.” 1537 is the number of flaws that has been found in Israel’s nuclear reactor in Dimona, which is a nuclear research centre and reprocessing plant…

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