Articles
20 January 2025
Why we should watch Kazakhstan in 2025
The country’s oil and gas giant, KazMunayGas, is pushing ahead with a series of significant international partnerships
17 January 2025
OPEC and IEA divergence highlights assumption blackspots
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
17 January 2025
Europe faces test of gas resolve
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
17 January 2025
Qatari warning on EU legislation resonates across industry
The CEO of QatarEnergy has highlighted the potential impact a new EU directive could have on energy exports to the continent
16 January 2025
Mexico’s energy ambitions weigh heavily on Pemex
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift
16 January 2025
Syria’s energy sector sees glimmers of hope
Oil industry has potential for revitalisation despite political uncertainty and damage to infrastructure
16 January 2025
Outlook 2025: The importance of ensuring a just transition for developing nations
While the global energy transition is essential for reaching net zero, it is equally important that less-developed countries are allowed to realise the benefits of their hydrocarbon resources
16 January 2025
Outlook 2025: Europe must take new approach to transition
The EU should turn the page on its prescriptive approach and encourage innovation and competition, with biofuels and biogas being an essential part of the conversation
15 January 2025
Letter from the US: Trump and $1 gasoline
The oil and gas industry will replace its capital discipline with Trump compliance and consumers will benefit from lower gasoline prices
15 January 2025
India overhauls E&P regulations in a bid to raise domestic hydrocarbon production
How legislative reforms and ambitious exploration plans are transforming India into a global energy investment hotspot—and why international investors are taking notice
13 January 2025
Letter from London: Deepwater brimming with confidence for 2025
With Namibia, Guyana and Brazil playing starring roles and important innovations being developed, business as usual has never looked so good
13 January 2025
Outlook 2025: Geopolitics and gas
Regional cooperation over the development of gas resources has the potential to bring peace and prosperity to the East Mediterranean
13 January 2025
Outlook 2025: LNG in 2025 and beyond
Significant expansions are underway in both liquefaction and regasification capacity as LNG firms up its position as a long-term solution for the world’s energy needs
10 January 2025
OPEC output down in December as UAE, Iraq slash supply
New Petroleum Economist OPEC+ oil survey sees group improve compliance to ensure oil market stability going into 2025
10 January 2025
Outlook 2025: Asia continues to dominate hydrocarbon processing investment
The region accounts for the biggest share in terms of capital investment in the $2t market
10 January 2025
Outlook 2025: UK offers upstream opportunity as transition and policy evolve
The importance of the oil and gas sector to the UK and the value of its assets mean 2025 could offer new opportunities and a recovery in activity
9 January 2025
Outlook 2025: Timing is everything for LNG
The disconnect between export terminals coming online and vessels being available to transport cargoes means shipping rates are not looking so good, at least in the short term
9 January 2025
Outlook 2025: The LNG market – stuck in the middle
With substantial volumes of liquefaction capacity on the horizon and buyers holding more of the cards, the LNG market is evolving in unpredictable ways
9 January 2025
Outlook 2025: Using gas and LNG to speed up the transition
The role of gas is changing from being a provider of a large volume of energy to peaking supply backing up expanding renewables
8 January 2025
Outlook 2025: Energy access, military considerations and regional security
The traditional concept of the energy trilemma is insufficient to understand how energy and politics really work
8 January 2025
Outlook 2025: Datacentres, AI and the increasing need for power
With electricity consumption continuing to grow and set to surge further with the rise of digital technologies, natural gas remains critical to meeting demand
7 January 2025
Outlook 2025: Crude oil and changing global energy demand
Oil demand growth may be slowing, but the needs of rising populations and developing economies mean the outlook is still evolving
6 January 2025
Commercial decisions, not Trump, will determine US oil production
Capacity additions during the Biden administration were the highest for a single-term president
3 January 2025
Outlook 2025: Let us not waste time dwelling on diverging gas views
Supporters of the LNG industry need to concentrate on the areas with the most potential before the sector runs out of time to make its mark
2 January 2025
Five trends that will shape oil, gas and energy in 2025
A renewed push for oil and gas production in the US combined with a continued focus on decarbonisation are just two of the trends to look out for in the coming year
2 January 2025
Outlook 2025: Bridging climate action and sustainable development with natural gas
Global population growth is leading to ever-rising demand for reliable and affordable energy, a need gas is perfectly placed to meet
2 January 2025
Outlook 2025: Why oil and gas must play a central role in the lower-carbon transition
The climate narrative has centred on phasing out fossil fuels in favour of renewables and novel solutions, but increasingly, policymakers are realising the importance of hydrocarbons as an enabler of the transition
31 December 2024
Outlook 2025: IOC investment myths need debunking
With a raft of scare stories around peak demand and climate change, 2025 should be the year smart investors leave the Big Oil bogeyman to the stuff of child’s play
31 December 2024
Outlook 2025: Oil is vital to our global energy futures
The world needs to reduce emissions but must do so while providing affordable and reliable energy to meet rising global demand
31 December 2024
Outlook 2025: How all energies must work together to meet increasing global demand
Whether it is hydrogen, LNG, carbon capture or water treatment, collaboration is key to meeting the world’s growing energy demand while meeting decarbonisation goals
30 December 2024
Outlook 2025: US oil production continues slow, steady growth
After hitting a high in 2019, output dropped during the Covid-19 pandemic, only to resume growth in 2021 and reach new highs. The US government expects 2.4% growth in 2025
19 December 2024
Shell’s Sacha Luces joins MCEDD advisory board
Deepwater Development Conference welcomes Shell’s deepwater development manager to advisory board for March 2025 event
19 December 2024
Outlook 2025: A new era – how the UK offshore sector can lead in a competitive market
The government must take the opportunity to harness the sector’s immense potential to support the long-term development of the UK’s low-carbon sector
18 December 2024
Outlook 2025: Gas cannot secure our future without sufficient investment
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
18 December 2024
December 2024/January 2025
The December/January issue of Petroleum Economist is out now!
17 December 2024
Outlook 2025: China faces up to slowing clean product demand
Structurally lower GDP growth and the need for a different economic model will contribute to a significant slowdown
17 December 2024
Outlook 2025: Navigating the windfall tax and the future of UK energy
Policymakers and stakeholders must work together to develop a stable and predictable fiscal regime that prioritises the country’s energy security and economy
17 December 2024
Outlook 2025: Trump to unleash new wave of US LNG projects
The incoming administration is expected to quickly change-up the LNG approvals process and boost several major projects to FID. But market fundamentals still matter
16 December 2024
India’s Russian crude buying has reached its limit
Middle East grades remain a diminished but important part of the South Asian country’s diet, especially as new refining capacity comes online
16 December 2024
Australia faces up to Victoria’s gas folly
As gas supplies dwindle, LNG becomes the only viable solution in a state that has focused on transition
16 December 2024
Outlook 2025: Crude markets look forward to brighter 2025
China drove the market for crude into the doldrums in 2024 with a big drop in demand, but a turnaround looks likely next year
16 December 2024
Chinese teapots bag cheap crude
Canadian and Iranian barrels being snapped up by China’s smaller refineries amid weaker domestic demand
13 December 2024
Mazarine looks ahead following management buyout
The independent is now seeking to expand its operations
13 December 2024
Letter from Japan: Power market risks highlight LNG rework
Flexibility and sharing of risk in gas buying and selling is becoming more essential
13 December 2024
M&A activity likely to slow in Canada
After a recent surge led to 2024 consolidation matching that of previous years, there is less optimism the feat will be repeated in 2025
12 December 2024
Letter from London: Beware false prophets
The oil and gas sector’s renewed upstream activity stands in marked contrast to just a few years ago, highlighting that the market does indeed cycle
11 December 2024
BP’s revised ‘energy addition’ strategy
London-listed IOC is pivoting back towards oil and gas and refocusing its clean energy business, with its Indonesia investment a perfect example of this new way forward
11 December 2024
Trump tariffs could upend oil flows
Potential tariff hikes against Canada and Mexico may hurt US refiners and change supply dynamics in global oil trade reshuffle
10 December 2024
The changing face of Argentina’s upstream
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
10 December 2024
Assad’s downfall is bad news for Iran
The collapse of the Syrian dictator’s regime will weaken Tehran in profound ways both economically and geopolitically
9 December 2024
Petroleum Economist’s Paul Hickin named among 50 top voices in commodities
Editor-in-chief recognised by Cititec as among the 50 voices in commodities worth following
6 December 2024
Letter from the US: Trump’s protectionism threatens oil and gas industry
A trade war may damage US economic growth, with commodity producers the ultimate losers if history is a guide
6 December 2024
Aramco and ADNOC diverge on big petchems bet
The NOCs are both looking to take advantage of the petrochemicals boom, with the Saudi firm snapping up stakes in Asian JVs tied to offtake agreements and its Emirati counterpart striking big M&A deals
5 December 2024
US goes after Russian gas money, part 2
While Donald Trump’s future sanctions policy is anything but certain, he may use a ‘carrot and stick’ approach to pursue an end to the war in Ukraine, although any changes will not happen overnight
5 December 2024
US goes after Russian gas money, part 1
The latest sanctions on Gazprombank and other Russian banks may cause disruption, but willing buyers of Russian energy will find ways to continue payments
5 December 2024
Outlook 2025
The new edition of Outlook, our annual publication about the year ahead for energy, produced in association with White & Case, is available now
4 December 2024
US gas surge coming from oil patch
Associated gas from legacy oil basins could offer a new lease of life to wobbling shale gas production and cement US powerhouse status
3 December 2024
Papua LNG set for FID next year
Papua New Guinea’s LNG sector appears to be back on track, with other projects in the pipeline
2 December 2024
China looks to become LNG trading hub
Crucial role of gas means country is laying the foundations to control physical and trading supply chains
30 November 2024
Turning potential into reality in Iraq
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
Regional visions in Iraq
Although Iraq remains a major crude exporter, it is still some way from becoming a regional energy supply hub. Ambitious new cross-border schemes aim to rectify that situation
29 November 2024
Enticing new partners to invest in Iraqi energy security
There are opportunities for attractive returns and greater project success amid a real push by the Iraqi government for reform, as long as there is a shared understanding between the needs of investors and the host government
29 November 2024
Raising the stakes in Iraq
The country's fifth and sixth oil and gas bid rounds have attracted a range of new players with gas as well as oil ambitions—and there’s a seismic shift in the contracting process
28 November 2024
Enabling Iraq’s energy independence
Transforming Iraq’s natural gas sector is the key to the country’s energy self-sufficiency, allowing it to chart a course towards becoming a supply hub for the wider region
28 November 2024
Powering Iraq’s future
Iraq is charting a new path for its indigenous resources and its youth, hoping to electrify the future with a mix of reforms and modernisation to fuel growth
28 November 2024
Oil India eyes IOC partnerships
Chairman talks up IOC and NOC tie-ups to help substantially boost oil and gas production over the next two years
27 November 2024
Letter on Europe: More gas winters of discontent?
Warnings in 2022 of a potential three-winter European gas price crisis remain pertinent amid push-pull from the US and Russia
27 November 2024
Letter from Azerbaijan: COP half-full, or COP half-empty?
The agreement by the parties to raise at least $300b/yr for developing countries by 2035 was derided as a betrayal by the Global South, but the UN urged pragmatism
26 November 2024
Gas has ‘unique’ dual role to play in world energy, says GECF
Secretary General Hamel warns on gas underinvestment, and highlights the energy source as playing a transitional role in the West and being a destination fuel in the Global South
25 November 2024
Untangling Dangote’s supply
The Nigerian mega-refinery has yet to reach its full product-producing potential
22 November 2024
Saudi Arabia's path to transition, part 3: Closing the gap
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
Energean finds its sweet spot
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Saudi Arabia's path to transition, part 2: Energy addition
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
Saudi Arabia's path to transition, part 1: Energy diversification
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
19 November 2024
Uganda must solve three-piece oil puzzle in 2025
Energy minister says country is delaying first oil production until pipeline and refinery are ready
18 November 2024
Petronet LNG making progress on India’s gas ambitions
The company is on track to boost import terminal capacity by 40% in three years, CEO Akshay Kumar Singh tells Petroleum Economist
15 November 2024
Uruguay’s offshore continues to make waves
With Chevron and AIM-listed Challenger Energy having completed their Uruguayan farm-out deal, Challenger CEO Eytan Uliel updates Petroleum Economist on the firm's progress in the frontier basin
14 November 2024
India ramps up refinery expansions
The country is seeking to secure its position as a major global refiner and meet rising domestic requirements
13 November 2024
Mopane offers Namibia learning curve
IOCs are focused on the next wave of exploration activity in Namibia and are keen to learn from one another’s results
12 November 2024
November 2024
The November issue of Petroleum Economist is out now!
12 November 2024
Letter from London: OPEC+ is from Mars, markets are from Venus
The move by OPEC+’s inner circle to extend voluntary production cuts once again demonstrates that the oil market continually misunderstands the group
11 November 2024
Nigeria’s first FLNG project faces supply problem
The lack of a gas supply contract means the development is likely to face further delays
8 November 2024
Letter from Abu Dhabi: AI and the new energy guzzlers
The energy sector will need all viable technologies to meet surging demand as AI and datacentres drain power grids
8 November 2024
US oil industry welcomes Trump win
The former president’s victory likely heralds the return of a more market-oriented energy policy
7 November 2024
China steps back from fresh LNG contracts
The move could have major ramifications for the LNG sector
6 November 2024
Japan LNG to gain traction from political inertia
The crumbling of the country’s postwar political consensus may bolster the country’s LNG demand outlook by stymieing planned nuclear restarts
5 November 2024
Central Asian refining suffers under competing powers
Mongolia hopes to launch its first refinery within two years as it seeks to free itself from Russian dependence, while a similar plant in Tajikistan remains inactive six years after its completion
4 November 2024
Suriname’s upstream enters new era
The country’s offshore basin remains highly competitive and attractive to IOCs, despite the presence of some geological challenges
1 November 2024
Turkmenistan sets out its gas goals
Ashgabat’s ambitions appear to mesh well with China’s growing appetite for gas
31 October 2024
Malaysia looks to deepwater to sustain output
The country is nearing a tipping point as its domestic needs continue to grow
30 October 2024
New regulations pose risks for Thai refiners
Attempts to control domestic fuel prices could threaten supply
29 October 2024
African divestment deals are back in the frame
After some delay, the much-heralded sale of oil and gas companies’ mature upstream assets in sub-Saharan Africa has gained fresh momentum, with a clutch of deals reaching completion
27 October 2024
Latin America feels the heat
Extreme weather conditions are compounding upstream challenges and pressuring governments across the region
25 October 2024
Gunvor on the hunt for opportunities
Trader sees potential for M&A as oil prices come down, says chairman Torbjorn Tornqvist
24 October 2024
Gulf of Mexico’s deepwater expansion, part 2: Existing assets
Producers in the region see significant gains to be made by boosting output using the infrastructure already in place
23 October 2024
Oil cannot escape Mideast conflict forever
Markets have seen no material disruption from the war so far, but as the fighting goes on it is a matter of when, not if
23 October 2024
Gulf of Mexico’s deepwater expansion, part 1: High pressure, high rewards
Majors in the region are pushing boundaries and could see significant upside, but longer-term risks remain
22 October 2024
Sonangol must escape former regime’s shadow to achieve IPO
Angola is unlikely to meet the official timeline for an IPO of state-owned oil giant Sonangol in 2026
21 October 2024
IOCs undeterred by Middle East conflict
Companies operating offshore assets in the region are unlikely to halt development plans for now, even as hostilities intensify
21 October 2024
Freight rates chart their own course amid turmoil
For the tanker market, recent escalation in the Mideast conflict has largely been offset by soft fundamentals
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