Articles
15 October 2021
Beijing strives to balance security and decarbonisation
The ongoing global energy crunch underlines the difficult task facing China’s leaders in balancing energy supply security while reaching net zero in the next 40 years
15 October 2021
Occidental exits Ghana
The US super-indie is divesting its assets in the country
14 October 2021
Gran Tierra cranks up the gears
Midstream takeaway has returned to normal in Colombia, paving the way for production growth opportunities
14 October 2021
Could Boris Johnson drop a Cop bombshell on UK oil and gas?
Industry figures warn the quixotic British prime minister might choose Glasgow talks to make a grand gesture on the UKCS’ future
14 October 2021
Sri Lanka poised to join LNG market
The country’s push to become an LNG importer is gathering pace, bolstered by the island nation’s location on major shipping lanes
13 October 2021
Collaboration is key for African gas-to-power
The continent needs more regional cooperation to expand its gas sector, panellists told Petroleum Economist’s LNG to Power Forum
12 October 2021
Private operators drive Permian recovery
Strong market conditions are encouraging private producers in Texas and New Mexico to lift drilling activity
12 October 2021
Petrobras eyes Gulf of Mexico exit
The NOC has added another sale to its long list of divestment targets
12 October 2021
Greenpeace makes further UK anti-oil protest after court defeat
The beleaguered E&P sector can breathe easier after legal ruling against the environmental NGO. But it has taken its message directly to the heart of the political establishment
12 October 2021
Saudi Arabia and Iraq could join the LNG export party
In the longer term, the two Gulf heavyweights may become gas exporters. But Egypt’s return to the table could be in doubt
11 October 2021
Cheniere and China’s ENN sign LNG deal
The Chinese independent has secured more long-term LNG with a 13-year deal for 900,000t/yr
11 October 2021
Uniper ups capacity in Gate LNG terminal
The German utility now owns the largest share of access to the Dutch terminal. But the deal offers little guarantee of supply security
11 October 2021
Petrochina squeezed between markets and regulated prices
China’s energy supply crunch is contributing to mounting losses at the state-controlled firm
11 October 2021
Brazil suffers acreage sale setback
Bidding round deemed a disappointment after most operators steer clear
8 October 2021
Petroleum Economist 2022 Media Guide
Petroleum Economist's latest media guide is now available for download
7 October 2021
Brazil fails to prevent energy crisis
Government inaction and rapidly changing climate have combined to highlight the importance of diversifying the country’s energy mix
7 October 2021
Suriname poised to join upstream elite
The South American country has all the potential to become a major crude producer, as showcased by recent offshore discoveries
6 October 2021
Petronas backs faster exploration
The Malaysian NOC will continue with oil and gas exploration despite the energy transition, says CEO Tengku Muhammad Taufik
6 October 2021
Savannah Energy eyes expansion
The Africa-focused independent is looking for additional projects, says CEO Andrew Knott
5 October 2021
Gas price spike delivers trading volume record
Exchange Ice reports a slew of new highs as traders try to navigate unprecedented TTF price levels
5 October 2021
Oil demand may not peak until 2040s – Vitol
Near-term demand expected to reach pre-pandemic levels by summer 2022 as air travel rebounds
5 October 2021
Giant oil and gas discoveries may prove irrelevant
The energy transition is increasing the risk of huge discoveries becoming stranded indefinitely
5 October 2021
China scrambles to meet energy demand
The country is turning to gas to plug the gap in its energy supplies, but it will have to pay a hefty price
4 October 2021
Petrobras refinery sales stutter
Pledge to divest half of the company’s refining capacity by year-end is starting to look doubtful
4 October 2021
Brent heads for $82/bl as Opec+ holds steady
The cartel dashes expectations it might boost production ahead of schedule
4 October 2021
Qatar orders first quarter of Chinese LNG tankers
The world’s largest LNG exporter has taken the first step in its vast fleet expansion
1 October 2021
Nigeria’s ADM eyes further upstream acquisitions
Nigerian independent ADM Energy is seeking more West African assets to further its recent growth
30 September 2021
Serica factors ESG into North Sea M&A ambitions
The firm has added environmental footprint into its criteria when assessing potential buys
30 September 2021
Papuan tactics continue to threaten foreign investment
Singapore-based Twinza Oil’s Papua New Guinea plans remain under threat as seeming favouritism towards state-owned Kumul Petroleum presents another blow to Pasca A ambitions
30 September 2021
Shell and Octopus join ‘Big Six’ in backstopping UK supplier collapses
Oil major and established independent step in as smaller new gas and power market entrants flounder
29 September 2021
Qatar and China ink another LNG supply deal
State-owned Qatar Petroleum has signed another long-term LNG supply deal, this time with Chinese NOC Cnooc
28 September 2021
Letter from South America: Guyana and Suriname poised for change
The enormous exploration success of recent years leaves the South American neighbours at a crossroads
28 September 2021
Enbridge’s Line 3 replacement enters final stretch
The Canadian company is edging closer to startup on its long overdue pipeline project, but several potential hurdles still lie ahead
28 September 2021
Mixed outlook for Mauritania’s upstream
As a major LNG scheme continues to advance on the Mauritania-Senegal border, other Mauritanian upstream prospects may be left behind
28 September 2021
Industrial AI and our energy future
The energy industry has lagged in adopting AI, but industrial AI could create value through predictive maintenance and optimisation
28 September 2021
Harbour talks up acquisition options
The UK-listed independent hails a “pretty good” M&A landscape
27 September 2021
Iran talks the talk on Caspian gas
The Chalous deposit is both significant and conveniently located for potential export purposes. But production is likely a long way off
27 September 2021
Iraq turns an IOC corner
Following months of uncertainty about potential partner exits, Baghdad now has cause for optimism
27 September 2021
Angola promotes E&P prospects
The country continues to roll out a busy programme in the hope of reversing the recent decline in its upstream sector
26 September 2021
What does TotalEnergies see in Iraq?
The major has bucked the trend of Iraqi exits and reorganisations. Why is it going where others fear to tread?
24 September 2021
More thinking, less clicking: AI improves geoscientist efficiency
Upstream operators increasingly value the transformational potential of AI solutions
23 September 2021
ConocoPhillips captures Shell’s Permian portfolio
Houston-based firm swoops in to take the European major’s entire Delaware footprint and bolster its position in the basin
23 September 2021
Clock ticks on Romgaz Black Sea deal
The state-owned firm has just over three weeks left on an exclusivity agreement for a transaction key to unlocking Romania’s offshore potential
22 September 2021
Letter from China: Beijing’s stability focus threatens climate goals
The Chinese government’s renewed focus on centralised control and economic pressure may undermine decarbonisation efforts
22 September 2021
PDO outlines stiff 2030 emissions targets
Beyond a flashy pledge of long-term carbon-neutrality lie some meaningful medium-term goals that could substantially speed up Muscat’s lagging decarbonisation efforts
22 September 2021
Rallying LNG prices put pressure on buyers
High prices are already having an impact on consumption in emerging markets and might soon affect demand from key importers
21 September 2021
US industry calls for immediate LNG export limits
Dissenting voices demand gas supplies stay in-country amid falling stocks and energy security concerns
21 September 2021
‘Gas crisis’ brings UKCS supply into focus
The UK’s vulnerability to high international prices may offer an opportunity to remake the argument for domestic production
21 September 2021
Letter from Canada: Kenney gives Alberta a clean energy image problem
The home of Canada’s oil and gas sector is seeking to reposition itself but is being hamstrung by the record of its provincial government
21 September 2021
Hurricane season tests Gulf of Mexico
The region has mostly avoided devastating violent storms over the past decade, but 2020 may have been a turning point
21 September 2021
UK parliamentarians take aim at Russian gas politics
Fingers pointed at the Kremlin as the primary driver of spiking European gas prices
20 September 2021
Equinor promises more Norwegian gas
The supplier hails expanded Troll and Oseberg production permits. But the latter is already far exceeding its quota
20 September 2021
China flexes SPR in oil market show of force
China’s upcoming release of crude from its strategic petroleum reserve may signal more measured buying ahead for the world’s top importer
20 September 2021
Letter from Singapore: Exploring Southeast Asia’s upstream mix
The region’s upstream is not just a space for NOCs
17 September 2021
Trinidad scrambles to prevent gas nosedive
The country’s production has been freefalling for years, but expected startups will not be enough to avert further long-term losses
16 September 2021
Nigerian reforms leave lingering doubts
Questions remain over some specifics of the recently passed Petroleum Industry Bill and whether the reforms will be enough to jumpstart the country’s stalled upstream
16 September 2021
Tullow-led joint venture reveals revised Kenya plans
Kenya’s ambitions to become a crude exporter might be back on track, as Tullow and partners have revised their Turkana plans
16 September 2021
Ukraine trumpets carbonates potential
State-owned oil firm heralds success in the Dnieper-Donetsk basin. But there could be even greater deeper potential for those with risk appetite and deep pockets
16 September 2021
Tellurian inches towards FID
The Gulf Coast LNG company is confident about global gas demand but first needs to source its Haynesville feedstock
15 September 2021
Chevron outlines new climate strategy
Firm to invest in renewable fuels, hydrogen and CCUS to decarbonise its operations
14 September 2021
Jadestone’s expansion plans mature
The independent is looking to capitalise as more companies move to exit mature oil and gas assets, CEO Paul Blakeley tells Petroleum Economist
14 September 2021
Advance Energy eyes expansion opportunities
Quality oil assets can still attract funding and interest even amid the current ESG environment, says Advance CEO
14 September 2021
Chinese gas demand growth to slow
Consumption will continue to rise over winter, but a stalling post-Covid recovery will put a brake on the market’s expansion
14 September 2021
US shale upsurge put on hold
Domestic production has gradually crept up since the worst of the pandemic, but significant growth is unlikely to take place before 2023
13 September 2021
Political row threatens Libya’s oil recovery
Tug-of-war to steer Africa’s largest oil reserves risks stalling the country’s recent upstream progress
13 September 2021
Guyana keeps the oil finds flowing
Latin America’s latest crude producer again proves its status as a world-class petroleum province
13 September 2021
Haynesville tempts gas operators
Bullish LNG export prospects on the Gulf Coast are driving M&A activity in the southern shale play
10 September 2021
North Sea buyers wanted
The UKCS in particular has a pipeline of assets for sale. But who will the purchasers be?
9 September 2021
LNG shipbuilding capacity to tighten
Shipyards are nearing their limits due to strong demand for carriers
9 September 2021
Why the SNP is wrong about Cambo
Scotland’s largest party stands accused of failing to see the big picture on the UK oil and gas industry’s contribution to the energy transition
9 September 2021
Chesapeake Energy pounces on Haynesville
The recently bankrupt gas producer has splashed the cash on a merger that will significantly boost its stake in the southern play
8 September 2021
Letter from London: Shipowners propose carbon levy
Trade association the ICS is trying to take the initiative and steer the industry’s decarbonisation on its own course
7 September 2021
MOL mulls LNG transshipment stakes
The Japanese shipping company is looking to acquire stakes in the FSUs serving Russia’s Arctic LNG 2 project
7 September 2021
BP content with West of Shetland portfolio
The major pronounces itself satisfied with the assets it holds in the UKCS frontier region
7 September 2021
The curious case of Kurdish gas
The KRG is seeking to increase gas flows and reduce flaring, but its strategy has raised a few eyebrows
7 September 2021
Comstock Resources looks to offset hedging losses
Less supply hedged into next year should help drive company revenues if global gas demand stays strong
6 September 2021
Angola to build new oil and gas port
The development will support the country’s plans to capitalise on regional demand for refined products
6 September 2021
Book review: A brave new energy world ahead, but few answers
Daniel Yergin’s new book offers a short but insightful history of key developments in the world of energy, but is less illuminating on the sector’s future prospects
6 September 2021
Goodrich Petroleum snaps up more acreage
The gas-focused operator is rapidly growing both its portfolio and production base in the Haynesville shale
3 September 2021
Shell makes Malaysian FID
Peak production on the Timi gas development is forecast at 50,000bl/d oe
2 September 2021
Eni makes 'major' Cote d’Ivoire discovery
Italian firm plans fast-track development of find in offshore Baleine prospect
2 September 2021
Enquest seeks more low-cost deals
The UK and Malaysia-focused producer is in the market for assets, but ideally those without a price tag
2 September 2021
Maha Energy targets onshore Brazilian ramp-up
The operator is expanding its footprint in the country’s northeast and has drilling plans for the Middle East
2 September 2021
OGUK issues North Sea investment warning
The industry lobby group is concerned that a slowdown in UKCS spending does not translate into a stop
31 August 2021
JOG looks towards UKCS regional electrification
Power-from-shore for the GBA project could be significantly expanded
31 August 2021
Electrifying Europe’s heat will not halt gas demand growth – TSE
Heat pumps replacing gas for space heating will be offset by the need for the fuel to meet rising power demand
31 August 2021
Alvopetro eyes expanding Brazilian gas market
The company has plenty of onshore growth opportunities to match its midstream capacity and increase its stake in the country’s upstream
31 August 2021
Petrotal exceeds expectations in Peru
The Calgary-based operator has managed to sidestep midstream challenges, charting a course to significant production gains
31 August 2021
LNG projects aim to shrug off challenging year
Progress has been slow on both the liquefaction and regasification sides over the past 12 months, but numerous new developments are planned
31 August 2021
Tackling the AI skills gap
Adoption of reactive, agile technologies is steadily growing in the oil and gas sector, but sourcing the personnel needed is still a challenge
27 August 2021
Petrochina targets two LNG terminal startups in H2
The state-controlled Chinese firm is boosting import capacity as domestic demand continues to rise
26 August 2021
IOG rebrands project Saturn Banks
The UK independent has a new name for its UKCS complex as it gears up for first gas in Q4
26 August 2021
Private sector takes a beating in Latin America
Political and financial motivations vary, but the region is noticeably lurching towards greater resource nationalism
26 August 2021
Spirit boosts Grove reserves
Successful drilling should significantly extend the UKCS field’s life
25 August 2021
Pemex fire scorches upstream ambitions
Hopes that national crude production will eclipse pre-pandemic levels look distant after platform blaze in the Gulf of Mexico
24 August 2021
Russia’s Arctic LNG 2 advances
Contract award for the construction of a transshipment terminal is a step forward for the project
24 August 2021
Cnooc expands production
Chinese state-controlled firm continues to bring new fields online to lift output
24 August 2021
Cultural shift heralds bright AI future
Business leaders are increasingly turning to technologies that drive down emissions and optimise energy efficiencies
24 August 2021
LNG prices may be set for strong Q4
Supply- and demand-side factors pushed contracts to multi-year highs in recent months and may continue to lend support going into the fourth quarter
23 August 2021
Frontera anticipates Guyana jackpot
The Latin America-focused producer aims to emulate the drilling successes of neighbouring blocks to diversify its portfolio
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