Oilmageddon
Prices down or up – it doesn’t matter. The world’s oil sector is in the endgame
In my book, The Winning of the Carbon War, I argue that 2013 to 2015 were turn-around years that will lead to decarbonisation of the global economy. The course of 2016, I suggest, has been consistent with a global transition from fossil-fuel dominance to the zero-carbon economy. If this analysis is correct, the oil and gas industry is heading for a future very different to its past - 2017 will simply confirm the trend. Three fundamental megatrends are at work. First, society is awakening in critical mass to the twin threats of climate change and air pollution - and responding. Second, an energy insurgency is disrupting established energy markets, fast. Third, the energy incumbency is facing
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23 April 2026
The addition of an oil pipeline to the Power of Siberia 2 gas project could ensure deliveries of Russian oil to China, materially shorten logistics lines between West Siberia and final customers, and—amid disruption in the Strait of Hormuz—offer a land-based export route that reduces exposure to maritime chokepoints
23 April 2026
There is a clear push to bolster exports to Asia amid uncertainty around its North American neighbour, but there are limits to the benefits from the energy crisis
23 April 2026
Shell made the play-opening discovery in Namibia’s Orange basin back in 2022, but its next well could decide whether the project can actually be commercialised
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya
