Stories tagged with "Libya"

World Oil Exports [02] Libya

Posted by Luis de Sousa on September 18, 2008 - 10:10am in The Oil Drum: Europe
Topic: Supply/Production
Tags: colin campbell, exports, jean laherrère, libya, muammar al-gaddafi, oil exports, original, richard duncan, walter youngquist, woe, world oil exports [list all tags]



Where are Libya's oil exports headed?

Libya is a relatively new country, having declared independence in 1951. For the last 39 years, the country has been ruled by a single man, Colonel Muammar al-Gaddafi. Over the years, the identity of this leader and his exquisite sense of style have mingled with the identity of the country itself.

Libya joined OPEC right after its creation, and played a pivotal role in the 1973 oil crisis. For the next three decades, Libya endured tense (and sometimes belligerent) relations with western countries. In recent years, as international oil prices have been rising, Libya has been able to re-institute itself as a reliable partner to the West, taking full advantage of the wealth promised by its still considerable oil resources.

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The European Gas Market

Posted by Euan Mearns on August 1, 2008 - 9:50am in The Oil Drum: Europe
Topic: Supply/Production
Tags: algeria, baltic pipeline, egypt, energy security, europe, exports, gas, imports, libya, nigeria, norway, original, qatar, russia, the netherlands, united kingdom [list all tags]

[With Centrica and EDF announcing hefty retail gas price increases in the UK this week, I thought it was worth reposting this story that was first published in December 2007. The follow on story Daddy will the lights be on at Christmas?, is perhaps more pertinent this year than last.]

OECD European gas production looks set to peak in 2008. After that, falling production combined with rising demand will see OECD European gas imports wanting to rise from current 197 BCM per annum to 442 BCM per annum by 2020. Where will this gas come from and how will rising European imports affect N America and the rest of the world?


Figure 1 OECD Europe gas production and conceptual forecast. Click all charts to enlarge

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The European Gas Market

Posted by Euan Mearns on December 11, 2007 - 11:00am in The Oil Drum: Europe
Topic: Supply/Production
Tags: algeria, baltic pipeline, egypt, energy security, europe, exports, gas, imports, libya, nigeria, norway, qatar, russia, the netherlands, united kingdom [list all tags]

OECD European gas production looks set to peak in 2008. After that, falling production combined with rising demand will see OECD European gas imports wanting to rise from current 197 BCM per annum to 442 BCM per annum by 2020. Where will this gas come from and how will rising European imports affect N America and the rest of the world?


Figure 1 OECD Europe gas production and conceptual forecast. Click all charts to enlarge

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A Simple Oil Production Estimate for 2007

Posted by Prof. Goose on March 6, 2007 - 11:30am
Topic: Alternative energy
Tags: algeria, aspo-australia, chris skrebowski, eia, iea, libya, opec, qatar, united arab emirates [list all tags]

The following is a guest post by Phil Hart, a petroleum facilities engineer and member of ASPO-Australia. Phil worked for Shell in the UK for five years, before returning home to Melbourne in late 2006. Phil's blog can be found here.

Following a summary of EIA data for 2006, I thought I would make a more detailed country-by-country estimate of the potential for 2007.

Starting with the headline EIA figures for last year:

Crude Oil and Condensate: 73.5 Mb/d (down 0.2)
Natural Gas Liquids (NGLs): 7.9 Mb/d (up 0.14)
Other Liquids: 3.3 Mb/d (up 0.08)

Total Liquids: 84.6 Mb/d (up an insignificant 0.02)
Mb/d = million barrels per day
kb/d = thousand barrels per day

Numbers for November and December suggest real OPEC production cuts in Algeria, Libya, Qatar and UAE. The total cut could be 230kb/d which knocks around 50kb/d off annual average production. I did not expect to find evidence for cuts, but that's how the data looks to me - four small cuts made at the same time by countries that otherwise increased their production last year through announced projects. Thus, I believe those four OPEC members, but only those four, have the ability to restore that production. Without those cuts, crude and condensate production would still be clearly down, but total liquids would have shown a somewhat more significant increase.

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