Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Asia’s potential upstream powerhouse
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio
Hydrocarbon Processing Refining Databook 2025: Asia-Pacific
A burgeoning middle class is boosting demand for refining capacity in Asia, with China leading the way and India also with many projects underway
Indonesia seeks to revitalise 1m b/d oil production dream
Policy initiatives will take time to reverse declining output, and restoring investor confidence is far from certain
Indonesia prioritises domestic needs over LNG exports
The country’s hunger for energy will continue to compete with its LNG exports, even as more gas projects progress and new liquefaction capacity comes online
Jadestone sees opportunities in Southeast Asia
The AIM-listed independent is pushing ahead with developments in Indonesia, Malaysia and Vietnam, CEO Paul Blakeley tells Petroleum Economist
Indonesia looks to gas to cover growing energy needs
Recent elections and on-going LNG developments highlight the importance of domestic gas demand in the sprawling island nation
Power pricing threatens Vietnam’s gas plans
The country’s drive to adopt LNG and gas could be imperilled as the state electricity company haemorrhages money
Delta sees LNG-to-power back on track in Vietnam
The company remains bullish despite last year’s LNG sector upheaval
Indonesia considers LNG export restrictions
Rising domestic demand and the pressures of net zero are prompting the Southeast Asian country to look at limiting outflows of gas
Asia’s NOCs chart paths to decarbonisation
But none of the companies are poised to abandon oil and gas anytime soon
Scotland Indonesia Vietnam
Craig Guthrie
8 April 2019
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Treasures in the basement?

Untested geological formations known as ‘fractured basements’ could be hiding a vast store of hydrocarbons, but explorers need to overcome logistical challenges and industry scepticism

A West of Shetlands play being pursued by Hurricane Energy is entering a production phase that could prove crucial not just for the UK-based hydrocarbons firm, and the Scottish region, but also for industry perceptions of a reservoir type that was for decades derided as unfeasible. First oil from the fractured basement in Hurricane's Lancaster field, located along the prominent Rona Ridge basement that is home to most of its portfolio, can now proceed this year after the Aoka Mizu floating, production, storage and offloading vessel successfully connected to the early production system on 19 March. If successful, output is expected to reach around 17,000bl/d once the initial start-up phase ha

Also in this section
A new energy order in the UAE and Saudi Arabia
Opinion
19 May 2025
The two Gulf states are combining fossil fuel production with ambitions to become leaders in low-carbon energy
Andean upstream feels the heat
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
Fifty years of oil trading
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
OPEC+ keeps more barrels off market in April
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market

Share PDF with colleagues

Rich Text Editor, message-text
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Rich Text Editor, txt-link-message
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search

  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search