A new day for you, a new day for us
Dear Reader, The last thing you need right now is another dreary recitation of industry statistics that show how hard hit the global oil and gas industry has been in the past eighteen months. The fact is that amazing new technologies over the past two decades have produced a glut of both oil and natural gas. Shale technology, offshore developments in 3,000 metres of water, and new technologies applied to conventional reservoirs have created supply of more oil and gas today than the world consumes. The industry has endured massive dislocation recently, with lay-offs, a scaling back of capital investment that is unprecedented in percentage terms, and an existential scramble to lower costs. But
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4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
