Saudi Arabia has pressured smaller nations to accept production quota reductions
E&P investment becoming mission impossible
Oil price volatility and the high cost of hedging mean putting money into exploration and production is unaffordable for all but the largest players
The Opec+ members and central bankers from the EU, the US and the UK all announced key decisions in June 2023. Their actions vividly demonstrated why investors across the world will put money into building plants to produce everything from computer chips to batteries but will not back proposals to drill for oil. The central bankers, as usual, telegraphed their actions in advance in a concerted effort to warn investors and/or confirm market expectations. The policies adopted since the appointment of Prince Abdulaziz bin Salman as oil minister have made it more challenging for most companies to invest safely in oil exploration. These policies clearly result from Crown Prince Mohammed bin Salma
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With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
