Articles
17 May 2024
The latest drought crisis is passing, but longer-term solutions are in motion, explains Panama Canal Authority Administrator Ricaurte Vasquez Morales
16 May 2024
Flat oil growth in 2024 highlights mounting industry problems
15 May 2024
Five years ago, Uzbekistan turned to a private company called Saneg to reverse the fortunes of its oil industry. Results so far are encouraging, and according to CEO Tulkin Yusupov, further progress is on the way
13 May 2024
But optimism about island nation checked by competition around African upstream investment and history of false dawns
9 May 2024
Pipeline boosts Canada’s oil industry by widening its export options, making it less reliant on US market and bringing Asia into the mix
1 May 2024
Energean CEO Mathios Rigas looks to results of critical Anchois appraisal well
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis
10 April 2024
Fears that left-leaning President Petro’s government would signal the end for Colombia’s oil industry appear unfounded
8 April 2024
Even diesel cracks may be poised to narrow, although other factors—such as attacks on shipping in the Red Sea—could buck the structural trends
3 April 2024
Exploration is providing mixed fortunes for IOCs amid higher costs, prompting firms to look towards M&A and safer plays
2 April 2024
Report by Canada Energy Regulator outlines three different scenarios, with the global push for decarbonisation the key to future production levels
28 March 2024
The country’s largest gas field is a bright spot for the North Sea, boasting cleaner operations amid a changing mood in Europe over hydrocarbons
25 March 2024
Low carbon intensity and sizeable projects such as Johan Castberg coming onstream in late 2024 suggest a robust outlook at least until 2030
22 March 2024
And the outlook for the country’s upstream appears to have improved following legal setbacks in 2023
20 March 2024
Taxation strategies in UK and Norway to continue to play important role for a region in which significant volumes of medium sour have offset the loss of similar quality Russian barrels and balanced the influx of US light sweet grades
18 March 2024
Smaller projects provide opportunities, but basin maturity and policy shifts amid political uncertainty signal a significant decline by the end of the decade
13 March 2024
China’s state-controlled offshore specialist is looking to bump up output again this year is it turns its attention to more-difficult assets
11 March 2024
Oil sands set to provide growth over next few years, but infrastructure and policy hurdles could stifle momentum further out
4 March 2024
Leaner North American midstream behemoth looks to strategic success with renewed gas focus
23 February 2024
The once-pariah nation could become a regional exporter in energy-starved southern Africa, according to MD Scott Macmillan
21 February 2024
The industry is calling for the return to market-led price-setting on the east coast
16 February 2024
The world’s third-largest importer of crude shows no sign of easing up on downstream momentum in recent years
12 February 2024
Krishna-Godavari Basin success underscores importance of drive towards energy independence amid an ‘all-hands’ approach
12 February 2024
TotalEnergies explains it is seeking the ‘sweet spots’ to develop fields with unevenly distributed resources
8 February 2024
Saudi Arabia’s decision not to expand capacity target seen as bolstering UAE’s position within OPEC+
7 February 2024
The AIM-listed firm sees its gas plans as meshing with UK energy transition goals
31 January 2024
Political decision-making casts doubt on the Latin American country’s ability to sustain energy self-sufficiency in the long term
31 January 2024
Gulf of Mexico moves suggest cautious optimism in region’s deep waters, with a shift to work smarter and balance risks
30 January 2024
The country is trying to reduce dependence on Russian barrels amid a narrowing of the gap between them and Middle Eastern grades
23 January 2024
Official support for small refineries may improve security and help the country meet both its OPEC crude production quotas and domestic product requirements
22 January 2024
Luanda’s decision to leave the influential group surprised many observers but may have been coming for some time
18 January 2024
Mega-refinery set to transform Nigeria but questions remain over feedstock that may limit key gasoline production, at least for now
15 January 2024
Despite the delays and the cost overruns, KG-DWN-98/2 could be pivotal in turning around India’s declining oil production
15 January 2024
The AKK project promises to increase gas utilisation and reduce energy poverty
11 January 2024
CEO sees gas as growth area for the North Sea if governments embrace energy security
8 January 2024
Exploration director says firm is looking at under-explored basins to maximise hunt for oil amid maturing fields, volatile prices and climate pressures
8 December 2023
The US oil major is leveraging its skillset to develop a low-carbon portfolio spanning CCS and blue hydrogen to lithium for EV batteries
28 November 2023
Countries such as Pakistan will require fossil fuels for a long time to come, requiring a reframing of the narrative around the energy transition
27 November 2023
Fresh opposition from the US looks likely to be the final nail in the coffin for the long-delayed Iran-Pakistan connection
23 November 2023
The state-owned firm will drill 60 wells in the current financial year as India strives to reduce its import dependence
16 November 2023
The disciplined spending trend seen in 2023 is likely to continue into 2024
6 November 2023
The withdrawal of discounts has already severely impacted domestic product demand and bolstered long-stalled refinery refurbishment projects
2 November 2023
But the troubled north African nation is not short of international investment interest
31 October 2023
The war in Ukraine has given new impetus to oil and gas projects in the US’ most northerly state, but two proposed LNG projects may still struggle to reach FID
16 October 2023
A recent decision by Canada’s energy regulator will see the pipeline’s expansion project avoid yet more additional costs, but it remains blighted by poor economics
13 October 2023
The major’s $60bn Pioneer purchase signals long-term view of oil demand and a mature consolidated shale industry
12 October 2023
Efforts by independents and NOC PTTEP will help boost production this year, but the sector is increasingly mature
5 October 2023
CEO Helge Hammer speaks to Petroleum Economist about the company’s recent activities and its expansion plans
28 September 2023
Oil minister Oun sends out cautiously optimistic message on oil and gas outlook and says pilot project ready to unlock huge shale reserves key to further growth
26 September 2023
Bottlenecks continue to constrain gas-rich Appalachia, and relief may not be in the pipeline
21 September 2023
Nigeria’s downstream status quo changed forever with the end of fuel subsidies, but the flagship Dangote refinery has still yet to start operations
18 September 2023
Behind the rig count data lie differences between public and private operators, acreage questions, the lure of returns and unwavering capital discipline
14 September 2023
AIM-listed Challenger is seeking partners to help develop its licences off the coast of Uruguay
11 September 2023
Coups and geopolitical rivalries complicate energy projects in the expansive region
1 September 2023
Soaring pre-salt production sees Latin America’s largest country pull away from the local competition
21 August 2023
Efforts by African institutions and others to push development in the continent appear to be gaining momentum
18 August 2023
Canadian regulator the CER’s Global Net-Zero scenario paints a gloomy picture for the oil sands, but the analysis may be fundamentally flawed
15 August 2023
Peace means progress for Libya’s upstream, but disruption is never far away
4 August 2023
The UK independent sees Block 3/05 as key to its growth ambitions in Angola’s maturing upstream
24 July 2023
New wells at the Jubilee field will lift output in 2023, while the Pecan field offers longer-term prospects if development can be progressed
17 July 2023
Things are looking up for exploration and production in Mexico, with new finds and developments set to boost output in coming years
14 July 2023
Growing global thirst for light sweet crude contrasts with potential refining decline and risks of inland infrastructure bottlenecks at home
11 July 2023
For those demonising oil and gas, there is a plot twist: the real bogeymen are coal and the world’s voracious appetite for energy
7 July 2023
The island nation’s energy minister delivers a bullish outlook on oil and gas both home and abroad
28 June 2023
New management looks to focus on oil sands firm’s core upstream and downstream business
14 June 2023
Dakar is keen to meet its own energy needs, even as major export projects near start up
12 June 2023
The southern African country’s plans include NOC portfolio diversification and boosting domestic gas consumption
8 June 2023
Regional mega-project could help overcome infrastructure barrier to Congo development, but hurdles remain
5 June 2023
The proposed mega-projects linking Nigeria to the Mediterranean and beyond face significant hurdles, but there are strategies that could help them advance
5 June 2023
But none of the companies are poised to abandon oil and gas anytime soon
2 June 2023
Exploration has rebounded since the pandemic while also becoming more focused. Petroleum Economist looks at the basins likely to see the most upstream activity over the coming years and at developers’ investment criteria
31 May 2023
The long-term prospects for the sector may depend on the rate of decline in global oil consumption
26 May 2023
The potential of a play-opening discovery is shackled by lack of investor appetite
25 May 2023
‘Mature’ US shale industry, stranded asset risks and clean tech challenges mean sufficient energy supply could be in doubt beyond this investment cycle
25 May 2023
First-quarter shale results show ongoing restraint amid signs of cost deflation
19 May 2023
Grim outlook for refining margins as high interest rates blunt gasoline consumption
15 May 2023
The Emirati giant is keen to reinforce its status as a net gas exporter while remaining cost-conscious even as it splashes its oil windfall
12 May 2023
Regional energy body pushes for new strategies to develop the continent’s resources
5 May 2023
The independent sees a long-term future for German oil production, despite the country’s influential green lobby
4 May 2023
Recent announcements demonstrate sustained interest in the mature region, especially among independents
25 April 2023
Producers are not necessarily using their cash on oil sands output
20 April 2023
Covid-19 and the war in Ukraine have brought the importance of energy security sharply back into focus
20 April 2023
Rules mandating EV sales will transform the US automotive industry, but there are significant practical and judicial challenges
18 April 2023
The country is on track to more than quintuple its oil production and enter the global export market later this year
12 April 2023
Director general of Fipi oil and gas industry body optimistic on E&P success and foresees a doubling of refining capacity over next ten years
22 March 2023
Although spending will decelerate in North America, the 2023 forecast for an 18pc increase follows a near-record 44pc in 2022. US drilling will increase by 8.2pc, with total footage forecast to climb 8.7pc, to 290mn ft³ of hole
17 March 2023
Saudi NOC has a clear strategy on energy security and the transition, providing a lesson to the often confused West
14 March 2023
Coming off a strong rebound year, the Canadian oil patch is on an upward trend, with strong prices and increased spending, but political uncertainty continues to cast a pall long term
13 March 2023
The independent tells Petroleum Economist it sees further opportunities in Guyana, South Africa and Namibia
13 March 2023
Surging crude prices prompted increased drilling activity last year, but debt and financing issues constrained growth
13 March 2023
The southern African nation continues to deliver exploration success
10 March 2023
Capacity additions set to take advantage of disruption to Russian diesel
2 March 2023
Oil is still a serious business in the Bakken shale, but when it comes to midstream, the money is on gas
27 February 2023
Potential bonanza for Heritage Fund is not without caveats
20 February 2023
The province on Canada’s eastern coast is attempting to breathe new life into its moribund offshore oil and gas industry
17 February 2023
Maurel & Prom is building support for its acquisition of Wentworth, but at least some shareholders are opposed
15 February 2023
Even a completed environmental assessment might not guarantee progress
