Articles
8 May 2021
Iraq renews gas drive
Baghdad turns again to China to develop its second largest gasfield
7 May 2021
European power trading innovation: Old dogs learn new tricks
The founders of Energy Quantified by Montel have built analysis models before. But this time they have torn up the rulebook
7 May 2021
Restrained US shale set for cashflow pay-off
Rebounding oil prices have boosted company balance sheets, but debt remains the priority over growth
7 May 2021
Malaysia sweetens upstream deals
The country is taking measures to encourage IOC interest in its latest licensing round
6 May 2021
Murban’s long journey only beginning
There will be no immediate promotion into the super league of global crude benchmarks for the Middle East’s latest challenger
6 May 2021
US large caps turn corner
The financial strain is starting to ease as the shale patch sees the effects of rising oil prices
5 May 2021
Letter from Australia: ‘Gas-led recovery’ under the microscope
The government has made remarkably little progress on its plans since unveiling the agenda in September 2020
5 May 2021
European power trading innovation: The rise of PPAs
The end of guaranteed prices for renewables generation is sparking a revolution in risk management
4 May 2021
European power trading innovation: Retaining the special sauce
Complex intra-day power markets increasingly require AI support. But it is important market actors have their own proprietary solutions
4 May 2021
Oil recovery buys Algiers only limited time
New hydrocarbons law may represent a last-chance saloon for the North African producer
30 April 2021
Arctic LNG 2 inks long-term contracts
Russia's Artic LNG 2 project continues to advance, with the signing of long-term sales and purchase agreements (SPAs) for the entirety of LNG production
30 April 2021
Leaders emerge in US race to FID
Projects face tough global competition for funding, but some lead the pack
30 April 2021
Heavy oil joins the UKCS M&A party
Even carbon-intensive production is being swept up in the rush of North Sea deals
30 April 2021
Iran deal faces many hurdles
A purported leak is just the latest potential obstacle to Washington-Tehran rapprochement
29 April 2021
Clock ticks on Algeria
Time to ponder the value of its hydrocarbons is a luxury the North African state may no longer have
29 April 2021
Mexico compromises energy reforms
Investor uncertainty mounts as approved legislation threatens to return energy sector to state control
29 April 2021
European power trading innovation: The rush to intra-day
The profits to be made from optimising a portfolio on a close-to-real-time basis have driven a significant shift in the market
28 April 2021
US oil sector champions methane controls
Biden administration hopes to fast-track emission restrictions, a popular measure among many large-cap operators
28 April 2021
Letter from China: Coal phase-out raises energy security risk
Coal’s long goodbye means Beijing will need to brace for reduced energy security
27 April 2021
European power trading innovation: Taking the short term to the long
The rise of renewables has revolutionised short-term trading. But that will have a feedback loop to the longer-term market
27 April 2021
Double trouble for West African upstream
Corporate carbon goals and local regulatory regimes will determine whether the region’s deepwater sector can attract renewed interest from investors
27 April 2021
BP and Shell prepare for the worst
The UK-headquartered majors are pursuing strategies that assume the future plays out least favourably for hydrocarbons
27 April 2021
Letter from Amsterdam: Europe’s IOCs first out of the blocks
As investor sentiment shifts, companies that align with the transition have a significant competitive edge
26 April 2021
European power trading innovation: The imperfection of data
While transparency and data provision have made huge strides, there are still information gaps and quality problems, warns the founder of UK power analysis firm Catalyst Commodities
26 April 2021
China’s carbon trading offers little gas-to-power help
Generation from the cleanest fossil fuel looks set to struggle to expand in China despite the start of carbon trading
26 April 2021
Ofse results emphasise US shale recovery
North American quarterly performance reflects returning production and gives reason for optimism
26 April 2021
Jordan back on the blocks
Amman rolls out some old favourites as it hopes to finally gain upstream traction
22 April 2021
Papua New Guinea risks LNG ambitions
The county’s negotiating tactics are damaging its reputation among developers
22 April 2021
US Department of the Interior language bodes ill for lease sales
Any hope the Biden administration might seek a compromise on federal land drilling ban looks increasingly forlorn
22 April 2021
Protests compound Argentina’s gas woes
Efforts to raise Vaca Muerta production face financial and strike action hurdles
22 April 2021
Australian gas market poised for ‘transformation’
Timely delivery of new projects will be vital to avoid shortfalls, AEMO says
20 April 2021
Sonangol exits Trafigura’s Puma
The NOC will sell its stake in Puma Energy in return for the firm’s Angolan assets
20 April 2021
European power trading innovation: Data begets more data
Historic and real-time fundamentals are not the only information show in town, says software provider Kyos
20 April 2021
Gabon’s E&P sector stays active
The west African nation continues to attract upstream investment despite the global contraction in activity
20 April 2021
York completes sub-terminal switch
The North Sea field extends its lifespan through a flip to alternative processing facilities believed to be a UK industry first
20 April 2021
Latin America pivots to digital
The pandemic has showcased the importance of reaching digital maturity, and state oil companies are taking notice
20 April 2021
Generating value through digital transformation
Oil and gas firms must consider several factors when addressing digital maturity
19 April 2021
Gulf of Mexico set to gather momentum
Buoyed by stronger oil prices and demand recovery, the region has plenty of projects on the roster
19 April 2021
Namibia's upstream defies downturn
Large-scale, deepwater prospects continue to draw deep-pocketed investors
19 April 2021
Iraq’s upstream shows signs of life
Baghdad is once again looking towards much higher long-term capacity goals
19 April 2021
Further delays likely for Mozambique LNG
A fresh assault on Palma will at the very least slow planned liquefaction developments
15 April 2021
Serica remains circumspect on UKCS M&A
The North Sea independent is still determined not to overpay for assets
15 April 2021
Offloading assets drives US deal-making
An accelerating vaccine rollout and robust oil prices encourage consolidation across marginal plays
15 April 2021
Carnarvon gears up for Buffalo drilling
Firm will drill first well offshore Timor-Leste in the second half of this year
15 April 2021
Ecuador’s oil sector buoyed by new president
Former businessman has ambitious plans for domestic crude production but faces significant financial, political and ESG constraints
13 April 2021
Lake Albert oil project and pipeline get go-ahead
The development will see Ugandan crude exported from the Tanzanian port of Tanga
13 April 2021
Russian reforms drive refining change
Tax changes to incentivise refinery upgraders are bearing fruit
13 April 2021
Kuwait aims for investment reset
NOC reflates its spending and projects grind forward. But no-one should expect miracles
13 April 2021
Petrobras refinery sale in limbo
Downstream divestment programme at risk as federal office scrutinises auction
12 April 2021
Timor-Leste looks to LNG imports
The Southeast Asian nation plans to convert three power plants to run on gas
11 April 2021
Egypt LNG restart optimism no substitute for gas strategy
The high-profile restart of the Damietta facility has ramped up rhetoric and expectations. But it may not be as simple as that
10 April 2021
Ithaca sanctions Captain EOR 2 development
The UK independent presses go on its largest portfolio project after issuing M&A price warning
9 April 2021
Poland pivots towards more non-Russian crude
As in gas, the former Communist country is wary of dependence on its heavyweight eastern neighbour
8 April 2021
Winter LNG transit highlights Arctic’s growing role
Russia is leading the charge to normalise Arctic shipping as the region warms
8 April 2021
Ancala sees Northern North Sea positives
The private equity-backed midstream specialist is bullish about the prospects in its Sage pipeline system catchment area
8 April 2021
New LNG markets prove tough nuts to crack
Floating storage and regasification has reduced entry barriers for aspiring LNG importers. But opening up a new market remains a tricky business
6 April 2021
Letter from the US: offshore gets that sinking feeling
Low-carbon ambitions could jeopardise national energy security if drilling moratorium proves permanent
3 April 2021
Suez crisis highlights bottlenecks
The blockage of the Suez Canal by a single vessel highlights how important navigational chokepoints are for the shipping sector and commodities markets
3 April 2021
LNG steps out of Qatar’s shadows
Investment in LNG liquefaction capacity got off to a flying start in 2021 with the North Field East expansion project. How much more can we expect?
1 April 2021
Opec+ confounds market with three-month cuts easing
The group had been widely anticipated to keep the prior agreement in place, but a rapidly agreed deal will see cuts relaxed through the summer
1 April 2021
Harbour Energy looks further afield
The Chrysaor-Premier combination starts trading in London. But it is keen to expand its horizons
31 March 2021
Etinde hinges on government talks
The future of the Cameroonian gas project depends on the outcome of commercial and contractual negotiations
31 March 2021
Decarbonising LNG: the heat is on
When the largest buyer in the largest consuming country commits to net-zero emissions by 2050, suppliers must start to respond. And they are
31 March 2021
LNG trade trends defy assumed truths
The inexorable rise of spot trading may be losing momentum as the market finds new ways to balance
30 March 2021
Friendship deal buoys fresh Caspian hopes
Having settled a 30-year field demarcation dispute with Turkmenistan, Azerbaijan is cheerleading for a second phase of the Southern Gas Corridor
30 March 2021
Basrah Medium gets off to a promising start
Iraq’s new crude grade has had a relatively successful first few months. But Basrah Light issuers remain unresolved
30 March 2021
Shipping faces tough decarbonisation choices
Supply chains will be critical as the maritime sector looks for alternative fuels
30 March 2021
Letter from the Middle East: UAE unveils Murban benchmark
Pivot towards Asia paves the way for a new crude futures contract, offering an attractive alternative to long-established grades
29 March 2021
LNG’s buoyant brave new world
The industry’s big players remain optimistic despite the headwinds of the last two years
29 March 2021
Australia aims to slash decommissioning bill
A government-funded company has launched an initiative intended to save more than $14bn in decommissioning costs over the next few decades
28 March 2021
Letter from China: Five-Year Plan puts energy over decarbonisation
China’s reluctance to ease back on fossil fuels highlights the contrasting narratives of energy security and decarbonisation
27 March 2021
Deals still to be done in US shale patch
Operators including majors have snapped up nearby acreage to leverage synergies at lower cost. But with oil prices higher and discounts potentially fading, will prolific spending slacken?
25 March 2021
Nigeria promises state-owned refinery progress
The country has set out an ambitious timeline to refurbish its long-neglected Port Harcourt refineries
25 March 2021
IEA cries wolf again
The agency may be overestimating demand and lowballing Opec supply to foresee a tighter market than will materialise
25 March 2021
Cnooc looks to South China Sea
The NOC’s delisting from the NYSE may only serve to embolden its South China Sea drilling despite lingering controversy surrounding projects in the region
24 March 2021
UKCS licensing set to continue
The country’s North Sea Transition Deal will apply new conditions to future drilling permits but allow oil and gas activity to proceed
23 March 2021
UK GBA ticks Lundin boxes
The Swedish-headquartered producer says it is comfortable sticking with Norway. But could JOG’s farm-out process attract it over the median line?
23 March 2021
Philippine LNG sector picks up speed
As much as 10.5mn t/yr of regasification capacity could be coming online in 2022
23 March 2021
Aramco rolls with the Covid punches
The Saudi heavyweight posts an eye-watering drop in profits but pays its dividends and remains in the black
23 March 2021
Permian leads the shale charge
Output is creeping up in the US but still faces a tough task in rebounding to pre-Covid levels
22 March 2021
Opportunity knocks for collaboration increase
Oil and gas can improve its economics and decarbonise its value chain—and achieve those wins quickly—through changing its working practices
22 March 2021
China’s NOCs look to the future
The three state-controlled heavyweights are gearing up to announce 2020 earnings, with attention focused on addressing near-term challenges and opportunities
22 March 2021
IPO highlights investors’ US shale hesitancy
Vine Energy’s financing efforts reveal lingering public market doubts despite healthy prospects for gas
22 March 2021
India’s import opportunity trumps its upstream
International firms still see targeting India’s downstream demand as significantly more attractive than investing in its production, despite recent government reforms and efforts at promotion.
18 March 2021
Mol’s upstream positions for the long term
The oil and gas division wants a role beyond just providing cash for the group to pivot to lower-carbon alternatives
18 March 2021
Tullow back to square one in Suriname
Latin American exploration campaign stutters as producer continues search for major offshore oil find
18 March 2021
Delek boosts Israeli gas exports
Leviathan startup, combined with flows to Egypt and Jordan, shows a material bottom-line impact
18 March 2021
Australia extends Beetaloo exploration grant period
The government will provide the cash to explorers for a further six months
16 March 2021
Lula return casts a cloud for Petrobras
Court case vindication could open the door to next year’s election, with implications for the NOC and wider energy reforms
16 March 2021
Pakistan energy demand attracts suitors
Significant forecast growth in energy requirements means international firms are interested in the country’s downstream sector, but its upstream is struggling
16 March 2021
Chevron puts Permian at heart of its net-zero strategy
Robust FCF and driving down emissions in the shale patch are central planks in the US major’s journey towards low-carbon energy
15 March 2021
Pandemic casts shadow on US midstream
Lack of demand and permitting uncertainty paints gloomy picture for pipeline firms
15 March 2021
Japanese firms back carbon-neutral LNG
The buyers' group will promote use of the fuel to meet Japan’s decarbonisation goals
15 March 2021
Europe’s refiners set for more pain
While the end of lockdowns may offer some respite, further consolidation looks inevitable
12 March 2021
Canadian oil sands in shackles
Producers tighten their belts even as financial conditions rally and midstream expansion looms
11 March 2021
Neptune targets four projects under Norway’s enhanced tax regime
The London-headquartered producer hopes to fast-track FIDs to hit the 2022 deadline for relief
11 March 2021
Troubled Tullow mulls Kenya options
The future of the Anglo-Irish independent’s Kenyan assets hangs in the balance as it puts its money on Ghana
11 March 2021
Pemex treading a tightrope
Mexican producer must weigh ambitious upstream strategy with rapidly rising debt
10 March 2021
Ghana prepares for LNG imports
Robert Besseling, CEO of specialist intelligence company Pangea-Risk, explains why Ghana is about to start importing LNG despite having oil and gas reserves of its own
9 March 2021
Dated Brent goes Cif —ten key questions
Petroleum Economist asks Adi Imsirovic, former head of crude trading at Gazprom Marketing & Trading, about the major issues thrown up by Platts’ proposed change
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