Impact of pandemic and disruptive new technology on economy

By Shoeb MohammadDoha, July 29, 2020Pandemic and disruptions are old. When the world grappled with Spanish flu in 1918 and impact of the World War-I, two new industries – oil and automobile – emerged. Within 10-20 years all the horse-drawn- carts and carriages disappeared from roads in New York and other big cities. This was a major disruption in the transportation. Horses used move carts … Continue reading Impact of pandemic and disruptive new technology on economy

Gas exporters forum launches analytics tool to forecast market trends

By Mohammad ShoebThe Peninsula, June 21, 2020The Gas Exporting Countries Forum (GECF) announced last Saturday it has developed a more powerful tool to analyse data and forecast gas market trends such as demand, supply and expected prices in regional markets.Using time-series data and other information, the advanced econometric-model provides member countries and customers with valuable insights to make informed decisions.The enhanced Global Gas Model will … Continue reading Gas exporters forum launches analytics tool to forecast market trends

US could look at natural gas sanctions as Iran oil exports dip

Brenda ShafferSenior Advisor for EnergyFoundation for Defense of DemocraciesWashington, May 11, 2020The Trump administration’s maximum pressure campaign is having a significant impact on Iran’s macroeconomic stability and draining the government’s export earnings and reserves. As Iranian oil exports plunge, Iran’s regional and non-oil trade remains an important sanctions target. Iran is the world’s third-largest producer of natural gas, and it holds the world’s second-largest gas … Continue reading US could look at natural gas sanctions as Iran oil exports dip

BP Oman’s Ghazeer projects hits home stage

Muscat, 7 February 2020 The second phase of BP Oman’s multibillion-dollar gas development in Block 61 in central Oman is in the “final stages”, according to a top official representing the energy supermajor in the Sultanate, reports Oman Daily Observer newspaper’s senior journalist Conrad Prabhu. BP Oman President Yousuf Al Ojaili said this in a Tweeter message welcoming on Tuesday Ministry of Oil & Gas … Continue reading BP Oman’s Ghazeer projects hits home stage

It’s too early to write obituaries of oil

India will drive energy demand and by 2040 its consumption will match that of US By Mohammad ShoebThe Peninsula, QatarAugust 27, 2017Reports after reports write off oil’s future. Will it happen soon? With the attention rapidly shifting to alternative sources of energy to sustain the environment as well as efficiency, obituaries for oil are rife.Obituary writers have convincing arguments. They base their opinions on variables … Continue reading It’s too early to write obituaries of oil