Articles
24 May 2022
Asia continues long-term LNG supply quest
South Korean utility is the latest to sign up for contractual volumes as the continent’s purchasers appear to put a greater premium on supply security than Europeans
24 May 2022
Asian LNG demand sees ‘retracement’ not ‘destruction’
The impact of high prices should be only a temporary phenomenon
24 May 2022
UK onshore shows further signs of life
Producers continue to be upbeat on a previously neglected sector, despite unconsummated M&A
23 May 2022
African institutions plan energy project bank
Continent’s leaders attempt to insulate oil and gas projects from changing investment landscape
23 May 2022
Baltic states step up LNG import push
Finnish and Latvian projects progress as the region aims to accelerate move away from Russian gas
23 May 2022
Indonesia struggles to reverse upstream fortunes
Slow progress at flagship LNG projects and a lack of foreign interest in oil prospects are hampering the country’s production goals
23 May 2022
Wintershall sheds oil in NCS divestment
Deal with Norwegian independent focuses on putting appropriate assets in appropriate hands
19 May 2022
High prices not halting Apac LNG import projects
Market challenges are temporary, panellists said at Petroleum Economist’s LNG to Power Forum Apac
19 May 2022
LNG to help solve global energy supply crunch
Russia’s isolation following its invasion of Ukraine could lead to LNG trade growing faster than previously expected—but only if new supply and infrastructure can be realised in time to avert demand destruction, says Giignl’s Vincent Demoury
19 May 2022
Sunak demands North Sea cash bonanza reinvestment
UK MPs vote against a windfall tax on producers, but finance minister wants spending in return for no raid on coffers
18 May 2022
Snam selects vessel for Sardinian FSRU
The company has picked an opportunistic time to upgrade the island’s gas infrastructure
17 May 2022
Japex plans US shale investments
Japanese explorer sees opportunities to expand its footprint
17 May 2022
US shale producer reabsorbs pipeline subsidiary
Diamondback’s reversal of its midstream spin-off may reflect expectations of no new US oil boom
17 May 2022
Aramco hits fresh financial highs
The Saudi oil behemoth is funnelling record earnings into domestic upstream
17 May 2022
Sierra Leone launches new offshore initiative
The West African nation taps two-year-old UK firm in an attempt to spur interest in its undeveloped upstream
16 May 2022
Three key hurdles for Vietnam’s LNG-to-power sector
Tariffs, location and bureaucracy are obstacles to be overcome to drive greater use of gas in Vietnam’s power sector
16 May 2022
Poland signs up for US LNG supply to new floating terminal
State-controlled Pgnig inks HOA with US firm Sempra
16 May 2022
Valeura pivots to SE Asia
The independent has bought assets in Thailand and is looking at acquisitions elsewhere in the region
16 May 2022
Mauritanian LNG project has wind in its sails
Greater Tortue Ahmeyim development could be shipping cargoes before the end of next year
12 May 2022
Australia’s Dorado oilfield set for 2026 startup
The field is one of more than 100 potential prospects in the Bedout basin, says Carnarvon CEO Adrian Cook
12 May 2022
Letter from Mexico: Amlo’s vanity project gets ever more expensive
Costs continue to spiral at a downstream development the utility of which was always questionable
11 May 2022
Adnoc maps out chemicals future
The Emirati oil heavyweight’s downstream strategy takes firmer shape
11 May 2022
Indian gas use poised for growth
Gas will be essential to balance the grid as India looks to expand its renewable power capacity and meet its climate goals, says GE Gas Power South Asia CEO Deepesh Nanda
10 May 2022
Letter from South Africa: Optimism reigns but challenges lurk
Large discoveries alone are not enough to guarantee Namibia makes a success of Africa’s most promising frontier
10 May 2022
Eavor aims at geothermal revolution
Canadian oil and gas drillers plan to use their skillsets to disrupt an entire clean energy sector
10 May 2022
President seeks to capitalise on price rises
The AIM-listed producer is looking to progress an exploration project and secure a farm-out
10 May 2022
Pharos benefits from Egypt’s flexibility
The firm’s onshore Western Desert asset allows for rapid optimisation based on the macroeconomic environment
9 May 2022
Ups and downs in Alaska
Project-specific squabble and the Biden administration’s chillier attitude to oil and gas collide with high prices and oil supply security concerns
9 May 2022
Championing the oil sands
Canadian Natural’s chief is comfortable with his firm’s bet on the controversial resource
6 May 2022
Germany commits to four FSRUs
The government of the Russian import-dependent nation has involved itself in underwriting regasification vessel tendering
6 May 2022
LNG short-term liquidity goes into reverse
Spot and short-term LNG trading have fallen sharply as concerns over price volatility and supply security make term contracts more attractive, says importers’ group Giignl
5 May 2022
JOG mulls myriad GBA options
The firm is working with potential partners on a range of outcomes for its UKCS redevelopment project
5 May 2022
Chinese refiners face carbon trading risk
Beijing’s net-zero commitment means the refining and petrochemicals sector is likely to be included in the country’s ETS scheme sooner rather than later
5 May 2022
Canada wrestles with a produce more/emit less paradox
The requirement to cut the upstream industry’s carbon footprint places a chokehold on growth ambitions
4 May 2022
Oil sees muted spike on EU import ban
The immediate impact of an official EU embargo on Russian crude and products may be outweighed by a longer-term reaction
3 May 2022
US struggles with global energy security champion role
The country faces a very particular version of the ‘energy trilemma’
3 May 2022
Egypt’s gas enthusiasm fires Energean
The North African country’s appetite for molecules bodes well for future attractiveness
3 May 2022
PNZ gas project sparks Tehran’s ire
Kuwait and Saudi Arabia’s domestic scarcity has driven the formal revival of longstanding plans to tap the shared Dorra field
3 May 2022
Licensing round May update
The industry's most comprehensive list of current and recent rounds for onshore and offshore licences
3 May 2022
Letter from London: Italian dealmaking contrasts with passive UK
Italy and the UK are taking different approaches to energy security following the invasion of Ukraine
29 April 2022
East Med aims to reap renewed gas appetite dividend
Europe’s new urgency to diversify from Russian supply should offer opportunities, according to regional producer Energean
29 April 2022
Asian LNG buyers may have upper hand over Europe
Europe’s accelerating effort to wean itself off Russian pipeline gas has pitted it against energy-hungry Asian buyers in the global LNG market
28 April 2022
Europe yet to give up Russian diesel
The continent is loath to tackle its dependence upon imports of Russian refined products
28 April 2022
US tries to ease Libyan tension
The Biden regime is back in the global policeman role as it tries to keep oil flows up
27 April 2022
Madagascar Oil seeks expansion partners
Madagascar’s only producing oil company has sizeable ambitions for the frontier province
27 April 2022
Shell Canada makes its licence-to-operate case
The subsidiary is in lockstep with its parent in the IOC-to-IEC pivot
26 April 2022
Midstream bottlenecks threaten Argentinian growth
Domestic gas in the Vaca Muerta is poised for growth, but much depends on scaling the country’s midstream
26 April 2022
Market vagaries may still buffet merging tanker heavyweights
Frontline-Euronav deal will create one of the world’s largest tanker fleets, but price-setting power may remain outside the combination’s reach
26 April 2022
Capricorn builds an Egyptian platform for growth
The Edinburgh-headquartered producer sees its basin-entry acquisition as just the start of a journey that could even take it beyond oil and gas
26 April 2022
Russia mulls producer support
The Kremlin may change rules to soften the blow of any drop in production
25 April 2022
Advantage secures heavyweight CCS backing
New partnership for Canadian producer’s carbon-capture JV aims to drive further expansion
25 April 2022
Russian crude exports see partial rebound
Volumes have risen in recent weeks amid an uptick in flows to East Asia, says analytics firm Vortexa, while even in Europe the picture is mixed
25 April 2022
SDX getting things done in Egypt
The AIM-listed producer sees advantages in the Egyptian oil and gas ecosystem’s ability to get on with the job
22 April 2022
Dangote on track for Q4 commissioning
Previous updates on Africa’s largest refinery had been no more specific than sometime in 2022
21 April 2022
Russia hopes China can fill IOC gap
Moscow is attempting to deepen its close cooperation with Asian countries—in particular China—to minimise the impact of sanctions on its oil and gas sector
21 April 2022
Pharos plays the Vietnam long game
The UK-headquartered company aims to benefit from its established position in the Southeast Asian nation
21 April 2022
Serica builds its war chest
The UK producer is benefitting from high prices and all the revenues from its BKR asset. But it continues to preach M&A caution
20 April 2022
Baghdad and Erbil face off
Representatives from the federal and Kurdistan authorities have held in-person talks as they look to resolve a decade-old dispute over oil
19 April 2022
Letter from Latin America: Region tilts to the left
Brazil and Colombia may be about to follow the pattern of their neighbours in taking a political left turn
19 April 2022
Gulf oil producers dust off costlier projects
The market upswing is driving investment in untapped reserves and field redevelopments previously considered commercially unviable
14 April 2022
Eni’s North African gas agreements difficult to quantify
The Italian IOC heralds more supply from Algeria and Egypt. But exactly how much remains open to question
14 April 2022
Abu Dhabi’s gas strategy hits its stride
Rising oil and gas prices and Europe’s pivot away from Russian imports add impetus to state-owned Adnoc’s gas development drive
12 April 2022
Sonangol selects bidders for divestments
Angolan NOC selects preferred bidders—with exclusive acquisition rights—to buy partial stakes in six blocks, four of which are already in production
12 April 2022
Niger sets out upstream ambitions
The country expects to ramp up crude production and exports next year with the completion of its export pipeline via Benin
12 April 2022
Do we need to repeal Dodd-Frank to save the commodity markets?
A return of banks to commodity markets could ease the current crisis
12 April 2022
Lower Saxony targets floating LNG this year and next
The northwest German state’s environment and energy minister foresees an import terminal ready this winter and another next year
11 April 2022
Angolan refining poised for expansion
Work is set to begin on a new greenfield refinery in the north of the country, with other developments also seeing progress
11 April 2022
Letter from Canada: Alberta makes energy promises it cannot keep
Production capacity and infrastructure do not match province’s rhetoric
8 April 2022
UK plans autumn licensing round
The country also aims to speed project development as it outlines new energy security strategy
8 April 2022
Trade sale exit for Siccar Point private equity backers
Israeli-owned UK independent Ithaca swoops for UKCS peer
7 April 2022
Shell’s refining margins jump above $10/bl
The major’s downstream economics are almost 300pc improved year-on-year
7 April 2022
Somalia seeks to kickstart oil and gas
The country might seem like an unlikely destination for oil and gas investors, but the recent award of seven offshore blocks to US independent Coastline Exploration demonstrates how it is working to revive its upstream sector
7 April 2022
ExxonMobil maintains breakneck Stabroek pace
The major will proceed with Yellowtail, its largest Guyanese project to date
6 April 2022
Santos makes Australasia progress
New discovery bolsters frontier WA basin’s prospects, while a PNG project also inches forward
5 April 2022
Letter from Eastern Europe: Bulgaria attempts Russian pivot
On the front line of potential weaponisation of Russian energy, the poorest and arguably most corrupt EU member state is heavily dependent but not without diversification options
5 April 2022
Germany's Gazprom move offers only temporary respite
Berlin acts to prevent Gazprom Germania ownership from transferring to shadowy Russian firms
5 April 2022
US action on European LNG speaks louder than words
Washington’s promises may have underwhelmed. But project developers are demonstrating greater ambition
5 April 2022
Carbon-neutral LNG poised for revival
The drop in shipments is likely to be temporary
4 April 2022
German LNG projects secure capacity commitments
Two of the country’s proposed import terminals ink MoUs with anchor clients
4 April 2022
Licensing round April update
The industry's most comprehensive list of current and recent rounds for onshore and offshore licences
1 April 2022
Venezuela’s crude capacity in question
Speculation over potential sanctions deal sparks debate on country’s capacity to raise output
1 April 2022
Letter from Western Europe: Europe’s balancing act
As tragedy continues to unfold in Ukraine, European leaders hasten to balance security, affordability and sustainability in the energy sector
1 April 2022
Biden announces oil reserve release
Washington will take 1mn bl/d from SPR for the next six months
31 March 2022
Tanker market feels impact of Ukraine crisis
The tanker freight market is having to deal with sanctions, uncertainties and shifting trade flows in the aftermath of Russia’s invasion
31 March 2022
The oil market’s three key questions
The extent of lost Russian supply, what can step in and what happens to demand
31 March 2022
Letter from Beijing: Covid relapse threatens demand
China’s rebounding appetite for energy is being undermined by fresh lockdowns and quarantine measures
30 March 2022
Russia’s spot sales problem
Trading houses confirm they are not buying outside of term contracts, leaving the question of who will lift Russian barrels
29 March 2022
What China and India did next
The appetite of the two East of Suez economies for Russian oil may prove crucial
29 March 2022
Russia and China in it for the long term
The relationship is likely to weather any temporary turbulence, even as it becomes ever more structurally unbalanced
29 March 2022
Crude: The $225/bl bull’s view
Doug King of fund manager and commodity trader RCMA sees far greater upside than down in the oil market
29 March 2022
Letter from the Middle East: Buyers call for more
Western countries want Mideast Gulf producers to boost output, but the options are limited
28 March 2022
Canada commits to additional 200,000bl/d of crude
The country will pipe more oil, as well as more gas, to its southern neighbour by year-end
28 March 2022
Europe’s Russian gas reduction ambitions pose market threat
The desire to stop the flow of gas sales revenue to the murderous Putin regime is laudable. But it is not without significant challenges or risks
28 March 2022
Letter from South America: Ukraine crisis brings opportunities and costs
While the region’s crude producers stand to benefit from high prices, LNG importers will feel the pressure
25 March 2022
EU and US agree on LNG supply cooperation
The transatlantic partners pledge cooperation on supply, long-term contracts and infrastructure
25 March 2022
Underinvestment hampers Trinidad’s LNG push
The country’s efforts to reverse declining gas production are starting to bear fruit, but will not be enough to alleviate the tight LNG market this year
25 March 2022
SNP rows back on North Sea drilling opposition
Scotland’s largest political party recognises that the Ukraine crisis has changed the game
25 March 2022
Aramco ready to splash cash upstream
Soaring annual profits to be channelled into unapologetic expansion of output capacity
24 March 2022
BP and Eni extend standalone JV model to Angola
Joint company will improve efficiency and result in cost savings, the firms say
24 March 2022
Frontera aims to rebuild production
The Colombia-focused operator forecasts a partial rebound in production this year and is hopeful about exploration offshore Guyana
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