Press Esc to close



For full content view: Log in Now!

  • Oil and Gas in the Capitals

    Øystein Noreng, Contributing Editor, North Sea

    The outlook for the European gas market is changing quickly. The conventional demand outlook was that, because of diminishing domestic output and rising consumption, Europe would be forced to increase imports and consequently lose leverage with a limited number of suppliers, with an upside price risk. With more emphasis on energy conservation, renewable energy and eventually nuclear power, Europe’s gas import needs might be much more moderate than, until recently, anticipated. As for supplies, worries about scarcity dissipate as the availability of seaborne supplies is realized, and especially as the potential for shale gas dawns. Moreover, new pipeline supplies seem to be available from the Caspian region and even Central Asia. The diversification enhances supply security and strengthens the buyers’ bargaining position, leading to a downside price risk for producers.

This area of the site is restricted. In order to gain access, please either Log In, or subscribe to World Oil.

Two options are available to you for creating an account.

1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.

Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.

Free Trial

2. Purchase a subscription to World Oil magazine and gain immediate and complete access to World Oil Online. As a Total Access subscriber you will have access to all areas of the site available to registered users and free subscribers as well as having access to such premium content areas as:

  • The Archives section containing over ten years of complete magazine archives,
  • The WO DataHub's engineering tables and directories,
  • The World Oil annual forecasts, including past predictions,
  • Select World Oil technical handbooks,
  • And much, much more!


Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.

If you are already a paid subscriber and do not have access, please email



Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.


2013 Fracturing Technology

2013 Fracturing Technology