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
The US super-indie is divesting its assets in the country
Midstream takeaway has returned to normal in Colombia, paving the way for production growth opportunities
Industry figures warn the quixotic British prime minister might choose Glasgow talks to make a grand gesture on the UKCS’ future
The country’s push to become an LNG importer is gathering pace, bolstered by the island nation’s location on major shipping lanes
The continent needs more regional cooperation to expand its gas sector, panellists told Petroleum Economist’s LNG to Power Forum
Strong market conditions are encouraging private producers in Texas and New Mexico to lift drilling activity
The NOC has added another sale to its long list of divestment targets
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
In the longer term, the two Gulf heavyweights may become gas exporters. But Egypt’s return to the table could be in doubt
The Chinese independent has secured more long-term LNG with a 13-year deal for 900,000t/yr
The German utility now owns the largest share of access to the Dutch terminal. But the deal offers little guarantee of supply security
China’s energy supply crunch is contributing to mounting losses at the state-controlled firm
Bidding round deemed a disappointment after most operators steer clear
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Government inaction and rapidly changing climate have combined to highlight the importance of diversifying the country’s energy mix
The South American country has all the potential to become a major crude producer, as showcased by recent offshore discoveries
The Malaysian NOC will continue with oil and gas exploration despite the energy transition, says CEO Tengku Muhammad Taufik
The Africa-focused independent is looking for additional projects, says CEO Andrew Knott
Exchange Ice reports a slew of new highs as traders try to navigate unprecedented TTF price levels
Near-term demand expected to reach pre-pandemic levels by summer 2022 as air travel rebounds
The energy transition is increasing the risk of huge discoveries becoming stranded indefinitely
The country is turning to gas to plug the gap in its energy supplies, but it will have to pay a hefty price
Pledge to divest half of the company’s refining capacity by year-end is starting to look doubtful
The cartel dashes expectations it might boost production ahead of schedule
The world’s largest LNG exporter has taken the first step in its vast fleet expansion
Nigerian independent ADM Energy is seeking more West African assets to further its recent growth
The firm has added environmental footprint into its criteria when assessing potential buys
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
Oil major and established independent step in as smaller new gas and power market entrants flounder
State-owned Qatar Petroleum has signed another long-term LNG supply deal, this time with Chinese NOC Cnooc
The enormous exploration success of recent years leaves the South American neighbours at a crossroads
The Canadian company is edging closer to startup on its long overdue pipeline project, but several potential hurdles still lie ahead
As a major LNG scheme continues to advance on the Mauritania-Senegal border, other Mauritanian upstream prospects may be left behind
The energy industry has lagged in adopting AI, but industrial AI could create value through predictive maintenance and optimisation
The UK-listed independent hails a “pretty good” M&A landscape
The Chalous deposit is both significant and conveniently located for potential export purposes. But production is likely a long way off
Following months of uncertainty about potential partner exits, Baghdad now has cause for optimism
The country continues to roll out a busy programme in the hope of reversing the recent decline in its upstream sector
The major has bucked the trend of Iraqi exits and reorganisations. Why is it going where others fear to tread?
Upstream operators increasingly value the transformational potential of AI solutions
Houston-based firm swoops in to take the European major’s entire Delaware footprint and bolster its position in the basin
The state-owned firm has just over three weeks left on an exclusivity agreement for a transaction key to unlocking Romania’s offshore potential
The Chinese government’s renewed focus on centralised control and economic pressure may undermine decarbonisation efforts
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
High prices are already having an impact on consumption in emerging markets and might soon affect demand from key importers
Dissenting voices demand gas supplies stay in-country amid falling stocks and energy security concerns
The UK’s vulnerability to high international prices may offer an opportunity to remake the argument for domestic production
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
The region has mostly avoided devastating violent storms over the past decade, but 2020 may have been a turning point
Fingers pointed at the Kremlin as the primary driver of spiking European gas prices
The supplier hails expanded Troll and Oseberg production permits. But the latter is already far exceeding its quota
China’s upcoming release of crude from its strategic petroleum reserve may signal more measured buying ahead for the world’s top importer
The region’s upstream is not just a space for NOCs
The country’s production has been freefalling for years, but expected startups will not be enough to avert further long-term losses
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
Kenya’s ambitions to become a crude exporter might be back on track, as Tullow and partners have revised their Turkana plans
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
The Gulf Coast LNG company is confident about global gas demand but first needs to source its Haynesville feedstock
Firm to invest in renewable fuels, hydrogen and CCUS to decarbonise its operations
The independent is looking to capitalise as more companies move to exit mature oil and gas assets, CEO Paul Blakeley tells Petroleum Economist
Quality oil assets can still attract funding and interest even amid the current ESG environment, says Advance CEO
Consumption will continue to rise over winter, but a stalling post-Covid recovery will put a brake on the market’s expansion
Domestic production has gradually crept up since the worst of the pandemic, but significant growth is unlikely to take place before 2023
Tug-of-war to steer Africa’s largest oil reserves risks stalling the country’s recent upstream progress
Latin America’s latest crude producer again proves its status as a world-class petroleum province
Bullish LNG export prospects on the Gulf Coast are driving M&A activity in the southern shale play
The UKCS in particular has a pipeline of assets for sale. But who will the purchasers be?
Shipyards are nearing their limits due to strong demand for carriers
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
The recently bankrupt gas producer has splashed the cash on a merger that will significantly boost its stake in the southern play
Trade association the ICS is trying to take the initiative and steer the industry’s decarbonisation on its own course
The Japanese shipping company is looking to acquire stakes in the FSUs serving Russia’s Arctic LNG 2 project
The major pronounces itself satisfied with the assets it holds in the UKCS frontier region
The KRG is seeking to increase gas flows and reduce flaring, but its strategy has raised a few eyebrows
Less supply hedged into next year should help drive company revenues if global gas demand stays strong
The development will support the country’s plans to capitalise on regional demand for refined products
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
The gas-focused operator is rapidly growing both its portfolio and production base in the Haynesville shale
Peak production on the Timi gas development is forecast at 50,000bl/d oe
Italian firm plans fast-track development of find in offshore Baleine prospect
The UK and Malaysia-focused producer is in the market for assets, but ideally those without a price tag
The operator is expanding its footprint in the country’s northeast and has drilling plans for the Middle East
The industry lobby group is concerned that a slowdown in UKCS spending does not translate into a stop
Power-from-shore for the GBA project could be significantly expanded
Heat pumps replacing gas for space heating will be offset by the need for the fuel to meet rising power demand
The company has plenty of onshore growth opportunities to match its midstream capacity and increase its stake in the country’s upstream
The Calgary-based operator has managed to sidestep midstream challenges, charting a course to significant production gains
Progress has been slow on both the liquefaction and regasification sides over the past 12 months, but numerous new developments are planned
Adoption of reactive, agile technologies is steadily growing in the oil and gas sector, but sourcing the personnel needed is still a challenge
The state-controlled Chinese firm is boosting import capacity as domestic demand continues to rise
The UK independent has a new name for its UKCS complex as it gears up for first gas in Q4
Political and financial motivations vary, but the region is noticeably lurching towards greater resource nationalism
Successful drilling should significantly extend the UKCS field’s life
Hopes that national crude production will eclipse pre-pandemic levels look distant after platform blaze in the Gulf of Mexico
Contract award for the construction of a transshipment terminal is a step forward for the project
Chinese state-controlled firm continues to bring new fields online to lift output
Business leaders are increasingly turning to technologies that drive down emissions and optimise energy efficiencies
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
The Latin America-focused producer aims to emulate the drilling
successes of neighbouring blocks to diversify its portfolio