Petroleum Economist
Looking for the next big deal
Apache Corporation’s policy of growth through acquisition and drilling has proved successful – it is one of the world’s largest independent exploration and development companies, with operations around the globe. Anne Feltus talks to G Steven Farris, Apache’s president, chief executive officer and chief operating officer
The trillions keep coming
Egypt has recently reorganised its energy sector with the main focus on natural gas. As part of plans to become a major gas exporter, it is looking for fresh foreign investment. David Townsend reports on restructuring and recent exploration successes in the country
The front line
The commissioning, in the middle of this year, of a new gas export pipeline from Egypt to Jordan will mark the former’s entry into the energy world as a major gas exporter. David Townsend analyses the importance of the link, its implications for Egypt and the region as a whole
LNG: more train, more gain
With continued investment in exploration and production increasing Egypt’s reserves base, LNG exports will form the main part of the government’s bid to monetise its existing and future natural gas reserves. David Townsend looks at the status of the two leading projects
Nuclear dilemma
Despite being one of the world’s largest industrial economies, Germany has one of the lowest per capita carbon dioxide emission rates in the EU. However, the controversial move to scrap nuclear power by 2020 has raised concerns about how easy it will be to replace – concerns that a new government report seeks to address, writes David Townsend
Disaster spurs investment
European governments launched an assault on the tanker industry when the Prestige sank at the end of 2002, spilling oil along the Spanish and French coasts. But the haste to remove single-hull vessels from service could have a major effect on the industry, writes Sidney Holloway
CNG’s competitive advantage
An estimated 110bn cm of gas is flared every year, pumping around 200m t/y of carbon dioxide and 1.5m t/y of methane into the atmosphere. As pressure builds to halt the pollution and waste, the Monetising Stranded Gas Reserves Conference discussed practical and profitable alternatives. Victoria Thomas reports
Becoming model citizens
Western energy companies face public scrutiny and a falling share price if they choose to operate in frontier states. But big oil is seeking a new approach, writes James Gavin
Profits bounce back in Q4
With oil prices strengthening through most of the fourth quarter of last year, most oil companies were able to book substantially better upstream profits than achieved in the earlier part of the year. But that throws more pressure back onto the already suffering refining and marketing sector, reports Derek Bamber
More regulation
The European Commission has presented a proposal for a new directive on investment services and regulated markets, which now includes commodity markets. Liz Bossley investigates whether the directive will lay a heavier hand on energy markets than the UK’s Energy Market Participants Regime