Articles
30 June 2022
Letter from Beijing: Refiners hoping for summer rebound
Easing of Covid restrictions looks set to lead to surge in domestic travel
30 June 2022
South Africa and Mozambique pre-empt pipeline stake sale
The African neighbours plan greater gas supply cooperation
30 June 2022
Germany acquires three LNG carriers
The government has assumed control of at least three LNG vessels that were chartered to a Gazprom subsidiary
30 June 2022
Kwarteng considers accelerating UK gas quality relaxation
Minister may override for now a consultation process being run by the country’s health and safety authorities
30 June 2022
Iran casts shadow over Kurdish gas aspirations
The Kurdistan region is facing political and military challenges as efforts to appoint a government in Baghdad descend further into chaos
29 June 2022
Japan faces energy supply crisis
The import-dependent nation is increasingly reliant on expensive spot LNG cargoes
29 June 2022
Ottawa’s East Coast LNG export support comes with strings
The federal government looks likely to put stringent conditions on projects aiming to alleviate Europe’s gas crunch
28 June 2022
President poised to drill in Paraguay
The independent is set to sink its first exploration well at the Pirity concession this year
28 June 2022
Petrobras puts three refineries back on sale
The RNEST, Repar and Refap facilities are open for offers again, but the divestment programme’s future is in doubt
28 June 2022
Algeria targets 10mn m³/d gas boost before year-end
A new Sonatrach discovery could be in initial production from November
28 June 2022
Iran unlikely to prove a gas saviour
Any hopes that the Mideast Gulf state could increase production and exports to help ease the global shortfall are misplaced
27 June 2022
Uruguay aims to benefit from frontier fever
South American nation emerges as potentially promising new upstream province
27 June 2022
Southeast Asian NOCs plot divergent transition strategies
The three most prominent NOCs in Southeast Asia will play to their individual strengths as they seek to decarbonise, with each company looking to capitalise on opportunities in their local markets
27 June 2022
Goldboro LNG gets back on track
Renewed appetite for quick solutions to get gas to Europe has combined with a more scalable solution to revitalise liquefaction ambitions
24 June 2022
Ineos aims to close US-Europe energy costs gap
The chemicals heavyweight is trying to bring to LNG the model it has already rolled out in petchems feedstocks
23 June 2022
Nigerian partner sees Aje field progress
ADM Energy expects a significant boost to output once Petronor finalises its stake purchase
23 June 2022
EnBW and Ineos deals see Europe close its LNG term contract gap with Asia
The continent’s post-Ukraine agreements are still less than Asian buyers and portfolio players
22 June 2022
South Africa’s Gazania development advances
Independent able to progress South African plans in contrast to Shell’s legal setbacks last year
22 June 2022
More IOCs jump on board Qatar’s new LNG trains
QatarEnergy has doled out another 12.5pc of NFE equity
21 June 2022
Jadestone pivots towards gas
The Singapore-based independent sees ample opportunities in Southeast Asia, especially for gas projects
21 June 2022
Africa's upstream to feel transition squeeze
The continent’s oil production will decline in the 2020s while gas production will increase before starting to slip, according to the IEA
21 June 2022
Indigenous-led Cedar LNG puts emphasis on shared values
The west coast liquefaction plant aims to set a standard for responsible resource development
21 June 2022
Gas may be safe in Algeria-Spain spat
The North African nation is unlikely to suspend exports in diplomatic dispute
21 June 2022
IOG aims for Southwark gas in Q4
The UKCS independent is making progress at the third of its Saturn Banks phase-one fields
20 June 2022
Shell and Equinor back Tanzania’s LNG ambitions
Pre-agreement signals hope for the country’s stalled liquefaction plans
20 June 2022
No end in sight to Libyan stasis
Questions over the oil minister's competence are another new low for the crisis-racked North African producer
20 June 2022
Canada’s LNG export rebirth
Europe’s ambitions for a Russian import freeze are a boon to a previously stalled sector
16 June 2022
Longboat eyes hot NCS assets market
The Norway-focused explorer may look at swaps or sales for its discoveries
16 June 2022
Australia’s gas industry under fire
The energy crisis on the country’s east coast is fuelling calls for resource nationalism
16 June 2022
Perenco buys out Glencore in Chad
Anglo-French independent has bought all of the trading house’s assets in the central African country
16 June 2022
Supply blows rock European gas market
Russian reductions compound US LNG outage as continent seeks relief in the short and longer term
15 June 2022
TotalEnergies first off the NFE blocks
French firm’s Qatari LNG expansion stake is set to be the first in a queue
14 June 2022
Withdrawn blocks overshadow Norwegian licensing round launch
Oil and gas lobby group expresses regret over omitted Barents Sea acreage
14 June 2022
Wentworth expands Tanzania asset base
AIM-listed independent continues to target country’s domestic gas market
14 June 2022
More to Denmark than meets the eye
The country’s approach to its oil and gas sector differs from the perception of outside observers, suggests producer Noreco
13 June 2022
Perenco joins Cameroon’s Etinde gas project
The JV is attempting to get back on track following previous delays
13 June 2022
Apache ups Suriname spending
The US independent will be more active in the frontier province for the rest of the year
10 June 2022
UKCS firms look at investment allowance options
Producers eye spending to offset windfall tax hit
10 June 2022
New finds boost Adnoc’s output push
The Emirati firm continues to reap the benefits of recent licensing rounds, adding reserves as it works to increase production capacity
9 June 2022
Russia-linked tankers ‘going dark’
Shipping analysts Windward see a rise in suspicious activity by Russia-affiliated vessels since start of Ukraine war
9 June 2022
Woodside plans post-BHP expansion
The Australian firm is now one of the world’s largest independent oil and gas players
8 June 2022
Banks retain oil and gas lending caution
The Ukraine crisis has not yet seen Europe’s financial institutions shift gears on lending to producers of domestic oil and gas
8 June 2022
Hess set for more Guyana benefits
The Stabroek block’s impact on the US independent’s business is only set to grow
7 June 2022
Ballymore FID no herald of GoM renaissance
Forecasts are for moderate growth rather than a development bonanza fuelled by high oil prices
7 June 2022
Viaro seeks range of growth options
The relatively new entrant to the UKCS is keeping all avenues open to hit ambitious output target
7 June 2022
Letter from London: A tale of two sectors
Africa’s upstream is heavily populated by companies headquartered in London, where an increasingly positive environment for independents contrasts with the public pressure on the majors
7 June 2022
High profits double-edged sword for oil sands producers
Overflowing coffers are likely to impress shareholders but not politicians being asked for decarbonisation subsidies
7 June 2022
Licensing round June update
The industry's most comprehensive list of current and recent rounds for onshore and offshore licences
6 June 2022
Letter from China: Beijing backs Moscow
China’s energy imports have offered Russia a lifeline as Western sanctions bite
6 June 2022
New UKCS entrant takes stock of windfall impact
Viaro Energy has significant growth ambitions it must re-evaluate in the wake of the UK government’s announcement
6 June 2022
Can the UKCS adapt again?
The windfall tax is a blow. But the basin has rebounded from being written off before
5 June 2022
Crude stocks rise despite perception of tightness
Analysts warn of economic headwinds for the crude and product markets
31 May 2022
Brazilian M&A activity heats up
As Petrobras starts to wind down its portfolio divestment, Brazil is entering a new era of upstream consolidation
31 May 2022
Afentra enters Angolan upstream
The UK independent has acquired stakes in two blocks from Sonangol
31 May 2022
Letter from Canada: Alberta looks beyond Kenney
The province’s governing party is struggling to come to terms with the oil and gas industry’s new focus on the energy transition
31 May 2022
Can sub-Saharan Africa help fill the EU’s gas gap?
Africa has potential to expand LNG exports, but its additional contribution is likely to remain limited
31 May 2022
US-Europe LNG flows hit infrastructure ceiling
Export and import constraints ensure Europe remains vulnerable
31 May 2022
Southeast Asia counting on carbon capture
The region’s shift from coal- to gas-fired generation will require additional strategies to meet ambitious carbon targets
31 May 2022
LNG tug-of-war squeezes South Asia
Countries in the region are particularly sensitive to high LNG prices, but term contracts and a degree of inelastic power-sector demand may support flows
30 May 2022
Baghdad risks wasting its moment
Political paralysis is preventing Iraq from capitalising on renewed international enthusiasm for upstream investment
27 May 2022
Letter from Australia: Labor victory positive for CCS
Australia’s upstream industry could be poised to benefit from the election of a Labor government for the first time in almost a decade
27 May 2022
Concerns grow for UKCS investment
Commentators are unconvinced that tax relief on spending will offset the impact of windfall levy uncertainty
27 May 2022
UK hits producers with windfall tax
The Johnson government U-turns again, while still calling for more investment
26 May 2022
Chinese policies hint at future gas plans
The 14th Five-Year Plan is underway, and the specific roadmap for gas is due later this year
26 May 2022
Russian crude displacement impacts Mideast producers
Flows of Urals crude to Asian importers—in particular India—have spiked since Russia’s invasion of Ukraine, according to price reporting agency GX
26 May 2022
Reabold aims for project conveyor belt
The firm hopes to take advantage of a shift in UKCS M&A dynamics
25 May 2022
Invictus sees gas opportunities in Zimbabwe
Managing director Scott MacMillan tells Petroleum Economist about how the once-pariah African state is changing for the better
25 May 2022
ESG and risk pose Apac LNG-to-power funding challenges
Lenders and insurance brokers see huge regional variation across the Asia-Pacific region in terms of funding for LNG-to-power projects, panellists said at Petroleum Economist’s LNG to Power Forum Apac
24 May 2022
Asia continues long-term LNG supply quest
South Korean utility is the latest to sign up for contractual volumes as the continent’s purchasers appear to put a greater premium on supply security than Europeans
24 May 2022
Asian LNG demand sees ‘retracement’ not ‘destruction’
The impact of high prices should be only a temporary phenomenon
24 May 2022
UK onshore shows further signs of life
Producers continue to be upbeat on a previously neglected sector, despite unconsummated M&A
23 May 2022
African institutions plan energy project bank
Continent’s leaders attempt to insulate oil and gas projects from changing investment landscape
23 May 2022
Baltic states step up LNG import push
Finnish and Latvian projects progress as the region aims to accelerate move away from Russian gas
23 May 2022
Indonesia struggles to reverse upstream fortunes
Slow progress at flagship LNG projects and a lack of foreign interest in oil prospects are hampering the country’s production goals
23 May 2022
Wintershall sheds oil in NCS divestment
Deal with Norwegian independent focuses on putting appropriate assets in appropriate hands
19 May 2022
High prices not halting Apac LNG import projects
Market challenges are temporary, panellists said at Petroleum Economist’s LNG to Power Forum Apac
19 May 2022
LNG to help solve global energy supply crunch
Russia’s isolation following its invasion of Ukraine could lead to LNG trade growing faster than previously expected—but only if new supply and infrastructure can be realised in time to avert demand destruction, says Giignl’s Vincent Demoury
19 May 2022
Sunak demands North Sea cash bonanza reinvestment
UK MPs vote against a windfall tax on producers, but finance minister wants spending in return for no raid on coffers
18 May 2022
Snam selects vessel for Sardinian FSRU
The company has picked an opportunistic time to upgrade the island’s gas infrastructure
17 May 2022
Japex plans US shale investments
Japanese explorer sees opportunities to expand its footprint
17 May 2022
US shale producer reabsorbs pipeline subsidiary
Diamondback’s reversal of its midstream spin-off may reflect expectations of no new US oil boom
17 May 2022
Aramco hits fresh financial highs
The Saudi oil behemoth is funnelling record earnings into domestic upstream
17 May 2022
Sierra Leone launches new offshore initiative
The West African nation taps two-year-old UK firm in an attempt to spur interest in its undeveloped upstream
16 May 2022
Three key hurdles for Vietnam’s LNG-to-power sector
Tariffs, location and bureaucracy are obstacles to be overcome to drive greater use of gas in Vietnam’s power sector
16 May 2022
Poland signs up for US LNG supply to new floating terminal
State-controlled Pgnig inks HOA with US firm Sempra
16 May 2022
Valeura pivots to SE Asia
The independent has bought assets in Thailand and is looking at acquisitions elsewhere in the region
16 May 2022
Mauritanian LNG project has wind in its sails
Greater Tortue Ahmeyim development could be shipping cargoes before the end of next year
12 May 2022
Australia’s Dorado oilfield set for 2026 startup
The field is one of more than 100 potential prospects in the Bedout basin, says Carnarvon CEO Adrian Cook
12 May 2022
Letter from Mexico: Amlo’s vanity project gets ever more expensive
Costs continue to spiral at a downstream development the utility of which was always questionable
11 May 2022
Adnoc maps out chemicals future
The Emirati oil heavyweight’s downstream strategy takes firmer shape
11 May 2022
Indian gas use poised for growth
Gas will be essential to balance the grid as India looks to expand its renewable power capacity and meet its climate goals, says GE Gas Power South Asia CEO Deepesh Nanda
10 May 2022
Letter from South Africa: Optimism reigns but challenges lurk
Large discoveries alone are not enough to guarantee Namibia makes a success of Africa’s most promising frontier
10 May 2022
Eavor aims at geothermal revolution
Canadian oil and gas drillers plan to use their skillsets to disrupt an entire clean energy sector
10 May 2022
President seeks to capitalise on price rises
The AIM-listed producer is looking to progress an exploration project and secure a farm-out
10 May 2022
Pharos benefits from Egypt’s flexibility
The firm’s onshore Western Desert asset allows for rapid optimisation based on the macroeconomic environment
9 May 2022
Ups and downs in Alaska
Project-specific squabble and the Biden administration’s chillier attitude to oil and gas collide with high prices and oil supply security concerns
9 May 2022
Championing the oil sands
Canadian Natural’s chief is comfortable with his firm’s bet on the controversial resource
6 May 2022
Germany commits to four FSRUs
The government of the Russian import-dependent nation has involved itself in underwriting regasification vessel tendering
6 May 2022
LNG short-term liquidity goes into reverse
Spot and short-term LNG trading have fallen sharply as concerns over price volatility and supply security make term contracts more attractive, says importers’ group Giignl
5 May 2022
JOG mulls myriad GBA options
The firm is working with potential partners on a range of outcomes for its UKCS redevelopment project
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