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Outlook 2023: Asia-Pacific faces distinct trilemma challenges
Countries in the region must cooperate to balance security, sustainability and affordability
Outlook 2023: Energy crisis puts political commitments to the test
Governments around the world must decide how to approach the energy trilemma amid ongoing volatility
Letter from South Africa: States and industry eye opportunities
Governments and private firms came together at Africa Oil Week to discuss how to ensure the continent’s hydrocarbons resources do not stay in the ground
Cheniere surprised by lack of European LNG contracting
US seller sees Asian buyers changing approach but inertia in Europe
Letter from London: Leadership lacking as energy crisis looms
The UK is facing a winter of energy price discontent, but the governing Conservative party is focused on its own internal struggle
Power demand threat to Europe’s winter gas security
Greater-than-expected requirements to burn the fuel to keep the lights on could harm supply conservation efforts
Australia mulls LNG export controls
The recent energy supply crisis has resulted in a political backlash against the nation’s gas exporters
Japan and South Korea promise little immediate LNG market relief
East Asia’s power sector use may be poised to shrink from 2023, but demand for the fuel is expected to remain strong this year
China’s energy demand faces headwinds
Economic difficulties mean the outlook for H2 remains highly uncertain despite planned stimulus measures
Norway does its gas best as Germany prepares for gas worst
One of the EU’s key suppliers is doing all it can to maximise deliveries. Its largest demand centre still expects the situation to deteriorate
Energy security
James Gavin
10 May 2017
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Nurturing the green shoots of upstream growth

A combination of cuts to upstream capital spending and steepening well decline rates will threaten global supply security, industry leaders warn

As companies doubled down on cutting costs over the past two years, a leaner and more efficient upstream industry has started to emerge. That was one of the key messages from the Upstream session at AOGC 2017 on 8 May, which saw leading industry figures chart new routes for upstream success in a panel appropriately entitled the Green Sheets of Growth. Shaikh Nawaf al-Sabah, chief executive of Kuwait Foreign Petroleum Expansion Company, kicked off proceedings by underscoring the sheer scale of the disinvestment seen under the low-price climate. "About $1 trillion has been removed as capex from companies' development plans," he said, noting this has had an inevitable impact on exploration succ

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