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Country Analysis Brief: Kazakhstan

January 20, 2015 Comments off

Country Analysis Brief: Kazakhstan
Source: Energy Information Administration

Kazakhstan is a major oil producer. The country’s estimated total petroleum and other liquids production was 1.70 million barrels per day (bbl/d) in 2014. The key to its continued growth in liquids production from this level will be the development of its giant Tengiz, Karachaganak, and Kashagan fields. Development of additional export capacity will also be necessary for production growth.

Although Kazakhstan became an oil producer in 1911, its production did not increase to a meaningful level until the 1960s and 1970s, when production plateaued at nearly 500,000 bbl/d, a pre-Soviet independence record production level. Since the mid-1990s and with the help of major international oil companies, Kazakhstan’s production first exceeded 1 million bbl/d in 2003.

Country Analysis Brief: Oman

January 13, 2015 Comments off

Country Analysis Brief: Oman</strong>
Source: Energy Information Administration

Located on the Arabian Peninsula, Oman’s proximity to the Arabian Sea, Gulf of Oman, and Persian Gulf grants it access to some of the most important energy corridors in the world, enhancing Oman’s position in the global energy supply chain. Oman plans to capitalize on this strategic location by constructing a world-class oil refining and storage complex near Duqm, Oman, which lies outside the Strait of Hormuz (an important oil transit chokepoint).

Country Analysis Brief: Libya

January 8, 2015 Comments off

Country Analysis Brief: Libya
Source: Energy Information Administration

Libya joined the Organization of the Petroleum Exporting Countries (OPEC) in 1962, a year after Libya began exporting oil. Libya holds the largest amount of proved crude oil reserves in Africa, the fourth-largest amount of proved natural gas reserves on the continent, and it is an important contributor to the global supply of light, sweet (low sulfur) crude oil, which Libya mostly exports to European markets.

Country Analysis Brief: Brazil

January 6, 2015 Comments off

Country Analysis Brief: Brazil
Source: Energy Information Administration

The U.S. Energy Information Administration (EIA) estimates that in 2013, Brazil was the eighth-largest energy consumer in the world and the third-largest in the Americas (North America, Central America, the Caribbean, and South America), behind the United States and Canada. Total primary energy consumption in Brazil has increased by more than one-third in the past decade because of sustained economic growth. The largest share of Brazil’s total energy consumption is oil and other liquid fuels, followed by hydroelectricity and natural gas.

Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets

December 9, 2014 Comments off

Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets (PDF)
Source: Energy Information Administration

This report responds to a May 29, 2014 request from the U.S. Department of Energy’s Office of Fossil Energy (DOE/FE) for an update of the Energy Information Administration’s (EIA) January 2012 study of liquefied natural gas (LNG) export scenarios. This updated study, like the prior one, is intended to serve as an input to be considered in the evaluation of applications to export LNG from the United States under Section 3 of the Natural Gas Act, which requires DOE to grant a permit to export domestically produced natural gas unless it finds that such action is not consistent with the public interest. Appendix A provides a copy of the DOE/FE request letter.

U.S. Crude Oil and Natural Gas Proved Reserves (with data for 2013)

December 5, 2014 Comments off

U.S. Crude Oil and Natural Gas Proved Reserves
Source: Energy Information Administration

Highlights

  • U.S. proved reserves of crude oil and lease condensate increased for the fifth year in a row in 2013, and exceeded 36 billion barrels for the first time since 1975.
  • A sharp increase in proved natural gas reserves in 2013 more than offset the significant decline experienced in 2012, and set a new record2 (354 trillion cubic feet) for U.S. natural gas proved reserves.
  • An increase in natural gas prices used to characterize existing economic conditions contributed to the reported 2013 increase in proved natural gas reserves. For example, the 12-month, first-of-the-month average spot natural gas price at the Henry Hub increased from $2.75 per million Btu (MMbtu) in 2012 to $3.66 per MMBtu in 2013. Proved natural gas reserves had declined between 2011 and 2012 as the gas price declined (e.g., the 12-month, first-of-the-month average spot natural gas price at the Henry Hub decreased from $4.15 per MMBtu in 2011 to $2.75 per MMBtu in 2012).
  • North Dakota’s crude oil and lease condensate proved reserves surpassed those of the Federal Gulf of Mexico, ranking it second only to Texas among U.S. states.
  • The Bakken/Three Forks play (covering portions of North Dakota, Montana, and South Dakota) regained its position as the largest tight oil play in the United States.
  • Pennsylvania and West Virginia account for 70% of the increase in natural gas proved reserves.

Country Analysis Brief: Kuwait

November 20, 2014 Comments off

Country Analysis Brief: Kuwait
Source: Energy Information Administration

As a member of the Organization of the Petroleum Exporting Countries (OPEC), Kuwait was the world’s 10th largest petroleum and other liquids producer in 2013. Despite being the second smallest in land area among the OPEC member countries, Kuwait exports the fifth-largest volume of crude oil and condensates following Saudi Arabia, the United Arab Emirates, Iraq, and Nigeria.

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