Articles
4 August 2021
Bangladesh hails Henry Hub linkage in US LNG deal
South Asian importer hopes for price advantage compared with Brent
3 August 2021
BP’s Angolan JV could provide future template
The major’s pooling of non-core resources with Italy’s Eni may be a model moving forward
3 August 2021
Book review: Leftist history of the UK oil industry offers wider appeal
It is easy to identify the sympathies of the authors. But that does not diminish the vivacity of the tale they have to tell
3 August 2021
Letter from China: Covid resurgence compounds economic concerns
China’s economy faces headwinds that go beyond than the arrival of the Delta variant
3 August 2021
UAE and Saudi Arabia to put differences behind them
An understanding that the Opec partners are better working together appears likely to keep the peace
2 August 2021
ExxonMobil and Chevron enjoy revenue boom
Quarterly results showcase upwards trajectory for oil producers despite the focus on capital discipline
2 August 2021
ExxonMobil confirms Mozambique LNG halt
Oil major confirms another Mozambican LNG project is on hold for security reasons
2 August 2021
China’s NOCs take varying decarbonisation routes
The three biggest state-controlled firms are pursuing divergent strategies towards a lower carbon future
2 August 2021
Opec faces longer-term challenges
The organisation may have smoothed over the cracks this time. But the UAE’s very public dissent may be just the first sign of things to come
30 July 2021
China starts Huizhou LNG terminal construction
Asian LNG importer continues to expand its import infrastructure for the fuel
29 July 2021
Malaysia awards another offshore block to Shell
The major has been awarded another block by NOC Petronas, but government involvement remains vital
29 July 2021
Shell greenlights Whale venture
Gulf of Mexico FIDs may be waning, but latest approval shows they can still be viable
28 July 2021
Stabroek partners strike oil in Guyana
Drilling campaign adds yet another major oil find in the prolific block
28 July 2021
Whiting Petroleum exits the Rockies
Operator sees greater prospects in the Bakken as it shuffles its portfolio
27 July 2021
Bay of Bengal gas project advances
Reliance continues to progress its KGD6 development, but the scheme has experienced some delays
27 July 2021
Talos exceeds production plans
Gulf of Mexico-focused operator sees output soar as it lines up further exploration
27 July 2021
Indonesia OKs Madura strait gas project
Jakarta has greenlit plans for a gas project in the Madura strait, off the coast of eastern Java
27 July 2021
Iran launches new port amid challenges to nuclear deal
The country started loading crude from its new Jask oil terminal last week as doubts grow about the prospects for a revived JCPOA
26 July 2021
Equinor pounces on Grosbeak discovery
Norwegian firm trades offshore acreage for operating role in the field
26 July 2021
3R Petroleum targets Petrobras’ portfolio
The independent is rapidly expanding its footprint in Brazil and may not have finished just yet
26 July 2021
Muscat outsources oil sector expansion
Bid round and first-ever private refinery shows the government is looking to external investment
23 July 2021
Public E&Ps splash cash in US shale patch
Bullish gas projections are driving a strong resurgence in M&A activity
22 July 2021
Japan considers scaling back LNG use
Global LNG demand might not reach previously forecast heights this decade as Tokyo mulls an increased role for renewables
22 July 2021
Q2 maintenance saps Norway’s output
Extended shut-ins and reliability issues due to last summer’s Covid-related work postponements see NCS production slide
22 July 2021
Clock ticking on Permian stranded assets
Reduced drilling activity over the past year is increasing the threat of premature write-downs in the basin
22 July 2021
Future Brent options cement Fob status
The key promoters of the Brent crude trading complex have accepted that the benchmark will not be switching to a delivered status any time soon
20 July 2021
Tullow to resume Gabon expansion
The debt-burdened firm’s fortunes appear to be turning
20 July 2021
Full steam ahead on Aker BP’s project pipeline
The firm’s extensive portfolio of development opportunities is proceeding apace ahead of Norway’s end-2022 deadline for securing tax breaks
20 July 2021
Qatar Petroleum plays the field
While the focus is on domestic gas, the Qatari firm is hedging locally and internationally
20 July 2021
Iraq’s China embrace not without risks
The Middle Eastern state’s welcome of Chinese investment is understandable, but not unproblematic
19 July 2021
Jadestone advances Malaysian acquisitions
The Singapore-based firm is the latest independent to expand its upstream portfolio through the purchase of divested assets, this time in Malaysia
19 July 2021
IOG’s Blythe startup slips
The first of the UK’s independent’s SNS projects has been pushed back into Q4
16 July 2021
China’s independent refiners reel from tax blow
Preferred feedstocks are now subject to levies, as establishment refiners use political clout to bite back
16 July 2021
Malaysian indie Hibiscus eyes regional growth
The company’s expansion will not end with its recent acquisition of Repsol assets in Southeast Asia, says managing director Kenneth Pereira
15 July 2021
Okea to look at M&A options
The Norwegian producer will launch a strategic review to include inorganic growth options
15 July 2021
Turning up the heat on Brazil’s gas reforms
Extreme dry spell is highlighting the need to kickstart the country’s gas liberalisation efforts
14 July 2021
TotalEnergies sells Gladstone LNG facilities
The French major continues to trim its portfolio
14 July 2021
South African refiners struggle to compete
Most of the country’s ageing refinery capacity remains offline.
13 July 2021
Antero Resources rides wave
Marcellus gas producer has cleared much of its debt worries, painting an optimistic picture that investors are getting behind
13 July 2021
Asian LNG market embraces short-term contracts
Buyers are becoming less keen on being locked in for the long term amid a rapidly evolving market and rising demand
13 July 2021
Warning signs for Pemex refinery deal
Political downstream agenda and company track record cause unease over Texas refinery purchase
13 July 2021
Iraq and IOCs: A complex web
Baghdad needs to improve its relationship with international partners. But beware assuming there are easy answers
12 July 2021
Irish LNG import projects hope to defy political chill
Regasification plans look to benefit from supply security concerns despite continuing anti-gas sentiment
12 July 2021
Letter from China: Gas boom comes with an expiry date
China’s gas market is poised for rapid expansion, but decarbonisation efforts may end the party sooner than previously expected
12 July 2021
Oil price recovery stymies Iraq's reform hopes
The short-term boost to government coffers from crude’s rally will likely postpone any significant changes
12 July 2021
EU to give biojet industry new thrust
A new sustainable aviation proposal is set to supercharge so-far fledgling efforts
8 July 2021
Refiners squeezed between gasoline and jet
Rebounding gasoline demand is outpacing that of the rest of the barrel—particularly jet—and causing headaches for refiners
8 July 2021
Letter from London: Shipping GHG targets not all plain sailing
The IMO’s ambitious emission goals are still reliant on as-yet unproven technology
8 July 2021
Nigeria’s PIB inches towards law
The Petroleum Industry Bill reached an important milestone at the start of July
8 July 2021
Talos loses out on Zama operatorship
Mexican authorities rule in favour of NOC Pemex, raising doubts about the speed to first oil
6 July 2021
Letter from South America: Colombia needs to act on declining output
The Andean country’s recent troubles highlight the need to encourage exploration
6 July 2021
Outlook positive for India despite Covid woes
The county’s crude demand may remain constrained this year, but the future is still bright
6 July 2021
Saudi Arabia’s different drivers bode ill for Opec+ unity
The Kingdom has a radically divergent perspective on both the short- and long-term oil market. And that could mean the cracks in the cartel only getting wider
6 July 2021
South Sudan struggles with refinery ambitions
The country’s various refining projects appear to have stalled, with the exception of one South African-backed scheme
5 July 2021
Letter from Africa: Upstream opportunities abound as majors step back
There are plenty of large sellers and smaller buyers, but there may be a medium-size missing piece
5 July 2021
Europe’s gas market to rely on imported flexibility – IEA
Despite current unusually high prices, the agency is relatively relaxed that portfolio LNG can replace domestic swing without the need for radical change in European contracting
5 July 2021
Alaska labours to change direction
Near-term output is expected to wane despite political backing for the Willow project
5 July 2021
Iraq tries again in the downstream
Oft-promised upgrades and greenfield facilities are again making putative progress
1 July 2021
Brazil’s big spenders
Upstream firms are opening their wallets again as offshore prospects look more lucrative
1 July 2021
ConocoPhillips targets cash cow
US firm expects Concho synergies in the Permian to dramatically lift revenues over the next decade
1 July 2021
Iran production could return ‘within two months’
A likely, albeit not certain, revival of the JCPOA agreement could see a swift rebound in Iranian barrels, says veteran analyst
30 June 2021
South Africa's gas-fired plans suffer blow
Different segments of the South African state are in dispute over plans to employ more gas-fired generation capacity, in the form of powerships
29 June 2021
Unlocking southern Iraq’s oil
Baghdad’s revisiting on contractual terms may need to be radical to stop IOC flight and offer alternatives to China
29 June 2021
Iranian storage poses shipping headache
Iran may face crude transportation bottlenecks if and when sanctions are lifted
29 June 2021
Opec can have cake and eat it—Morgan Stanley
No longer having to choose between price and market share means the cartel does not need to rush to ease cuts, says analyst
29 June 2021
How energy traders can benefit from Europe’s emerging hydrogen market
Development of liquid markets will require sufficient marketable hydrogen volumes as well as free access to pipelines, terminals and storages
29 June 2021
Permian on the rebound
Extreme market volatility is subsiding, tempting operators to acquire promising assets and lift production
28 June 2021
Africa bucks global refining trend
Despite oil companies the world over mothballing old refineries and putting new projects on hold, there has been a recent bustle of activity in sub-Saharan Africa
28 June 2021
Gulf of Mexico production packs a punch
New projects are steadily making progress, but there is still the long-term uncertainty of a permanent federal lease ban
28 June 2021
Take two for Brazilian bidding round
The auctioning process for the Transfer of Rights fields has been streamlined, and hopes are high for a better showing at the end of the year
25 June 2021
Schlumberger pivots portfolio towards net zero
Firm sets aggressive new 2050 decarbonisation promise with rare scope three emissions detail
25 June 2021
US oil and gas sector weighs transition options
Carbon capture and hydrogen high on agenda, but good returns from hydrocarbons still a priority
24 June 2021
Australia to subsidise remaining refineries
Concerned about supply security, Australia plans to fund its last two refineries standing for at least the next six years.
24 June 2021
Letter from Australia: Upstream industry commits to net zero
Climate and carbon dominated the recent Appea conference
24 June 2021
Woodside commits to Pluto LNG carbon reduction
The Australian firm plans to achieve net-zero emissions from its Pluto LNG project in Western Australia by 2050
24 June 2021
Karoon makes a splash
The previously exploration-focused firm has expanded its footprint offshore Brazil and is now eyeing further production opportunities
24 June 2021
Liquids give Qatar LNG negative breakeven – Rystad
Existing Ras Laffan trains could cover costs even if LNG prices went to zero
24 June 2021
Asian LNG price premium under pressure again
As European gas prices rise, the region’s discount to Asia-Pacific is decreasing
23 June 2021
Qatar trumpets significant LNG offtake interest
QP CEO says offers to buy top 60mn t/yr, but an increase in spot market volumes should still not be ruled out
22 June 2021
Kuwait takes next step in Gulf refining expansion
Middle Eastern NOCs have turned to the downstream to take greater control over the global supply chain
22 June 2021
Letter from Canada: The oil sands revolution has begun
Oil Sands Pathway offers sector renewed long-term hope
22 June 2021
Nigeria LNG Train 7 advances
The expansion to Nigeria’s liquefaction capacity will face growing global competition
22 June 2021
Trafigura sees demand recovery driving oil rally
The trader raises the possibility of $100/bl crude next year
22 June 2021
Methane emissions face digital disruption
A range of available tools and scalable technologies is helping drive the hydrocarbons industry towards a low methane future
22 June 2021
Repsol develops digital brain
The IOC is moving towards Industry 4.0 by building its own AI-based analytics platform
21 June 2021
Tullow sees progress in Kenya
The company might not have given up on its Kenyan ambitions
21 June 2021
Adnoc presses the upstream accelerator
Abu Dhabi has resumed the chase towards long-term capacity targets
21 June 2021
Var hits oil in Balder Area probe
The firm’s NCS near-field exploration strategy pays off again
18 June 2021
Offshore exploration heats up in Guyana
Production from the Liza project is ramping up, but operators still have plenty of exploration options ahead
17 June 2021
Indonesia’s upstream shifts as IOCs exit
State-owned Pertamina may see further expansion of its role if more international firms exit without finding alternative buyers
17 June 2021
Election setback for Mexican president
Efforts to can Mexico’s historic energy reforms face further hurdles after government fails to sweep Congressional mid-terms
17 June 2021
CCI aims to profit from gas and power experience
The commodity trader believes its reduced focus on liquids trading compared with its peers could offer it an advantage in the energy transition
16 June 2021
Pureplay producer makes case for scope three absolution
NCS operator Lundin is touting its ‘green’ Johan Sverdrup barrels. Its CEO argues that represents it doing its bit
15 June 2021
Muscat faces up to oil twilight
The Omani government’s focus is reluctantly shifting to managing output decline
15 June 2021
Indebted KrisEnergy set for liquidation
Disappointing Cambodian exploration results seal Singaporean independent’s fate
15 June 2021
India needs tax and regulatory consistency – Cairn
Rules for new prospects should be extended to mature fields, according to the domestic producer
15 June 2021
Book review: Untangling the knotty history of oil’s trading evolution
A former trader proves an illuminating guide to the messy and ad hoc way that multi-billion dollar crude markets have been born and developed
14 June 2021
Norway to continue surveying unopened areas
Far from looking towards the sunset of oil and gas production, the Scandinavian nation is keen to build up a better picture of reserves even where E&P is not yet allowed
14 June 2021
Total targets 2025 for first Uganda oil
The French major plans to produce 190,000bl/d from six fields at the Tilenga development
14 June 2021
Libya boosts output target
Relative stability is bolstering the North African nation’s rehabilitation programme, although significant investment challenges remain
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video