Canberra’s flagship post-Covid energy policy faces headwinds from a looming supply shortfall
Varo sees the potential for a desire to holiday but a reluctance to fly recreating the US phenomenon on the other side of the Atlantic
Major consuming countries’ net-zero emissions targets will drive rather than hinder growth, with trade set to double by 2040
The LNG sector remains very bullish about the prospects for Asian demand in the 2020s
What is ExxonMobil doing to prepare for a lower-carbon future while meeting energy needs of a growing population?
Nigerian authorities want IOCs to develop new projects in the country, but uncertainty over the Petroleum Industry Bill continues to deter investment
International collaboration will be crucial to achieving the Democrat government’s bold climate agenda
The sector may still be in its infancy, but the industry’s prospects have improved rapidly over the last six months
The sheer scale of financial infrastructure around the crude market’s most important global benchmark means the wider trading market will largely shrug off any physical implications from a Fob-to-Cif switch
Glacial temperatures in southern states showcase lack of provision against extreme weather
Oil and gas developers in the semi-autonomous region are looking forward to a year of rebound
Competition for a shrinking pool of capital may put the country’s older offshore oil and gas fields on the back foot in the coming years
This year will be critical to whether Mozambique can achieve its ambition of becoming a major LNG exporter by the middle of this decade
Australia’s energy security takes another hit with ExxonMobil opting to shutter its Victoria refinery
The US government has reiterated its commitment to defeating so-called Islamic State in Syria and says it is merely protecting the country’s oil from falling into the ‘wrong’ hands
Shortening shipping times could deliver substantial gains to exporters, but they would still need to navigate the country’s complex regulation process
The producer’s CEO tells Petroleum Economist about its recent acquisitions and the prospects for maturing oil and gas assets in Africa
Much of what the three European majors plan to do is remarkably similar. But Total’s dialogue is subtly different
Recent M&A deals and recovering oil prices showcase the potential for further activity in 2021
Blizzards in Texas have dramatically halted downstream activities, leaving opportunities for facilities still running
Firms are at a strategic crossroads over whether to focus solely on hydrocarbons or pivot towards low-carbon energy sources, according to PwC
Global energy demand will recover as the pandemic recedes, but production in the Lower 48 may already have reached its apogee
Even the turbulence of 2020 has failed to cool the enthusiasm of Thailand’s NOC for further expansion
Certain themes dominate across the range of the major’s view of potential futures
Investors pulling out would create a space for Beijing to fill
New Delhi has revived plans for a gas pipeline to Jammu and Kashmir as it seeks to expand the country’s gas network
The East African country has struggled to make progress on proposed liquefaction developments and the window of opportunity may have already closed
Beijing has made big promises on emissions, but China’s NOCs are still going for gas
Financially beleaguered producer reaches debt compromise, allowing it to focus efforts on boosting Vaca Muerta supply
Divestments have struggled to get going amid tough economic conditions, but could the first refinery sale prise open the door?
Exchange to launch new tools for LNG shippers to manage risk
City gas firms will be benefit from policy support and a recovery in construction
The country’s NOC is fast-tracking development of Sakarya, but any need to bring in partners could complicate progress
Total's liquefaction project remains on schedule to come onstream in 2024 despite the country’s deteriorating security situation
Nosediving revenues are forcing companies to shift capital to international assets
Economic growth will boost the country’s requirements to ship in fossil fuels
Asia’s biggest gas market has a way to go to meet its storage capacity targets
The Gulf state takes FID on four more trains but is already looking at going beyond its 126mn t/yr goal
The Emirati heavyweight is doubling down on capacity expansion
Recovering oil prices will not be enough to convince producers to stump up additional cash, but investors may still benefit from a substantial dividend pay-out
US diplomatic goals, if achieved, will impact the Iranian, Saudi and Yemeni energy sectors
The province has potential, but it needs big finds and it needs them fast
Senegal’s flagship developments are beginning to shrug off Covid-19 impacts
A long-term federal waters embargo would trigger severe production losses in the region, forcing firms to withdraw capital
The North Sea producer is increasing, but reorganising, its debt to fund acquisition
Defining its role in the energy transition is not the only tricky road the LNG industry must travel. Unlocking its full potential through promoting a diverse and inclusive future is another
Coal-to-gas switching could be undermined by proposed regulation excluding gas infrastructure from energy priority scheme
Saudi Arabia’s production restraint may boost prices in the short term, but it may also assure the Kingdom greater market control in the longer term
Widespread energy and electricity shortages over the past two months amid exceptionally cold weather serve as a bruising reality check
Second major discovery improves prospects for bringing gas to market but is no panacea
Developing carbon capture and storage will be essential to the oil and gas industry remaining relevant
The energy secretary nominee’s rhetoric is thus far placatory. But her record suggests the oil and gas industry should buckle up
Australian fund manager makes a premium bid based on the firm’s move away from gas, LNG and international expansion
Support from strategic partners Russia and China has helped the Latin American regime endure punishing economic sanctions. But over time their approaches have begun to deviate significantly
The Anglo-Irish producer is narrowing its scope for another transitional year
Greater GCC harmony might offer an opportunity to untangle some of the Middle East’s notoriously illogical gas dynamics, but LNG looks more promising than pipelines
A push for more domestic production to buttress supply security and Beijing’s ambitious drive to decarbonise its economy will both supercharge the sector
The company reports a remarkable shift in its oil/gas mix in the North Dakota shale play
Strategic M&A deals are always fraught with risk, and there will be too many oil and gas companies chasing too few transition-focused targets
Fossil fuels will play a major part in global energy supplies for decades to come, meaning the industry and policymakers must focus on how to encourage the lowest-carbon intensive sources
New US Gulf Coast gas contract highlights the sector’s changing buyer-seller dynamic and increasing demand for pricing flexibility
More cordial Saudi-Qatar relations raise hopes for economic and energy investment progress in other GCC allies. But serious challenges remain
The Singaporean firm is laying the foundations for when carbon-neutral LNG will be a requirement
Venezuelan government makes moves to liberalise oil sector as economic sanctions push production to 50-year low
The Canadian oilsands industry should now be clear where it stands and plan accordingly
Saudi sacrifice shows greater appetite for compromise in a price environment that is not win-win for the two Opec+ heavyweights
The sultanate’s long-term oil ambitions are modest, but the urgent appetite for fresh gas supply remains
After years of drilling letdowns, the small Latin American nation is finally starting to prove its offshore potential
The Australian producer has upped its stake in the Senegal oil development in two deals, but plans to shed some of that equity this year
Unilateral production cuts and reconciliation with Qatar may look like a full retreat from longstanding policy positions. But they may yet prove smart tactical moves
At a time when many IOCs are shunning large-scale investments in oil extraction, Russia’s biggest oil producer is pressing ahead with perhaps its largest ever undertaking
The government may have been forced to scale back its upstream ambitions. But even the revised targets might be too much, too soon
Previous anxieties over lack of infrastructure have been replaced with fears of looming overcapacity
Surging Covid cases are not the only challenges facing Kazakhstan’s largest oil and gas developments
The incoming US government faces a multitude of foreign policy challenges, but will its arrival also mark reconciliation with Latin America’s largest petrostate?
An exit from the midstream gives the PetroChina subsidiary a war chest and proves the logic of the country’s gas market rationalisation
Canadian midstream firm rails against federal executive order calling for Line 5 pipeline closure
Renewed political upheaval augurs ill for oil sector development plans
If Russia can marshal allies to seize control of the producers’ group, it might respond to structural demand concerns with a volume-over-value strategy
Significant regional changes hurried along by the pandemic will permanently alter global dynamics
A Q4 M&A upswing proved there are still consolidation opportunities and the Texas/New Mexico basin will remain the hotspot
No future rounds to award new E&P licences will take place. Given recent exploration activity, it is unlikely anyone will care
Further production cuts led by Saudi Arabia could signal the start of a US oil sector recovery, but potential headwinds remain
Chinese companies have strengthened their already healthy position in the Iraqi oil and gas sector as other IOCs back off
The past offers painful warnings against the temptations that 2021 may bring
Norway-focused producer’s traditional/lower-carbon balancing act fails to set it apart from its peers
The Democrat victories in Georgia dramatically change the political picture but do not pose an existential threat to the shale patch
Flows out of the Gulf Coast—and their influence on global pricing—are set to rebound further in 2021
The Asian heavyweight looks poised to knock the US off its perch
An unwinding of some Covid-related effects might challenge VLSFO’s initial IMO 2020 win
The business models of refining incumbents face disruption from integrated new entrants
The Brazilian producer revises down its 2021 crude production forecast but still has ambitious long-term pre-salt growth plan
The company is looking to establish a newco on the LSE, while also divesting its Tamar stake
Canberra is providing exploration grants for Northern Territory shale play with the potential to rival the US Marcellus
Next year will not see a return to business-as-usual. Companies should not deny the new paradigm, but embrace it
The trend for the region’s operators to play a bigger role looks set to continue
The global oil market watches with interest on whether a US return to the JCPOA agreement will unleash a wave of Iranian barrels
The basin may never recapture its glory days, but 2021 should still see players extracting significant value
Flashpoints projected as Biden administration takes a tougher foreign policy stance on Russia
Political stability and multilateral collaboration are essential to fulfilling the region’s economic potential