Petroleum Economist
The future-fuels puzzle
No-one knows what the future of transportation will look like, but Shell's Jack Jacometti believes GTL fuel will form a big part of the puzzle. Interview by Tom Nicholls
The price is right
The credit crisis presents cash-rich companies with a buying opportunity, writes Tom Nicholls
Confusion reigns over energy policy
October's federal election barely changed the balance of power, but the Conservative party's energy plans face growing opposition, writes WJ Simpson
Gazprom: the mighty is falling
With its share price in free fall, how will Gazprom's plan for world domination be affected? Derek Brower reports
Sellers' market here to stay
An LNG supply crunch looks inevitable around 2011/13, but what about the years beyond, asks Alex Forbes?
Plenty more from Africa
Africa's LNG export capacity – already more than a quarter of the world total – could double over the coming five years, with more to come after that if plans under discussion firm up. The main brakes on development are rising construction costs and, in Nigeria, security concerns, Martin Quinlan writes
Australia's grand plans
There are plans for up to 68m t/y of new export capacity in Australia. If all these projects come to fruition, they would help to relieve an increasingly tight supply situation, writes Ian Lewis
CSG 4 LNG: a fine romance?
The majors are fighting over coal-seam gas, conventional natural gas' ugly sister. But how long will the infatuation last? Ian Lewis writes
Nord Stream inches closer
Gazprom's plan to supply Europe with two new pipelines has received an unlikely boost from the EU. But opposition is still strong, writes Derek Brower
Testing times for Alberta's oil sands
With project costs rising and credit hard to secure, forecasts for oil-sands production are being scaled back, writes WJ Simpson
A new source of comfort
The oil price is still above $60/b. But not by much. And, with the global economy still in turmoil, the chances of further losses seem greater than the prospect of a sustained rally, say analysts.
Confusion reigns over energy policy DUPLICATE 2745799
October's federal election barely changed the balance of power, but the Conservative party's energy plans face growing opposition, writes WJ Simpson
Testing times for Alberta's oil sands DUPLICATE 2745800
With project costs rising and credit hard to secure, forecasts for oil-sands production are being scaled back, writes WJ Simpson
Nothing can stop the bears
OIL PRICES slumped by over 5% on Tuesday, as concerns about the severity of global recession intensified. With the world's main stock indices falling steeply, Brent futures for December delivery were $3.01 a barrel lower at $56.07/b. WTI futures for December delivery were down by $2.25/b at $60.16/b – having earlier briefly moved below $60/b.
Recruitment: Plugging the capability gap
OIL COMPANIES must make technology and technical competence core parts of their business, avoiding "the mistakes of 20 years ago" when the trend was to outsource these areas to contractors, says Andy Inglis, BP's head of exploration and production.
Engineering a world of difference
The region's oil- and gas-based economies require highly skilled, highly educated engineers. But a lack of sufficient local engineering programmes means the required engineers are trained elsewhere. Texas A&M University at Qatar seeks to change that. By Mark Weichold, dean and chief executive, Texas A&M University at Qatar
Oil-price fall continues. How low can it go?
Crude oil prices are close to $50 a barrel and there seems to be little preventing them from falling below that level. On the contrary, the market is stuck in a seemingly relentless cycle of downgrades to GDP and oil-demand forecasts.
Testing times for Alberta's oil sands (1)
With project costs rising and credit hard to secure, forecasts for oil-sands production are being scaled back, writes WJ Simpson
Confusion reigns over energy policy (1)
October's federal election barely changed the balance of power, but the Conservative party's energy plans face growing opposition, writes WJ Simpson
Saudi Arabia rethinks expansion plans (1)
Regional producers, most notably Saudi Arabia, may delay large oil and gas developments as commodity prices fall, reports James Gavin
A stitch in time ...
There's a new peak-oil organisation on the block. Is it saying anything new? Does it matter? Tom Nicholls writes
Ghana: big-time oil in two years
Oil is due to start flowing from the potentially billion-barrel Jubilee field in October 2010, with the prospect of more to come from structures nearby. Cracking the area's deep-water geology has led to forecasts that Ghana will become Africa's next oil-boom state, Martin Quinlan writes
Producers struggle through downturn
Making biofuels is no longer the attractive proposition its was when oil was trading at over $100/b, but demand driven by transport-fuels quotas should see the industry through the economic slump, writes Ian Lewis
Oil market gaze turns to China (1)
Rising oil demand from China was one force behind the bull-run in energy markets of the last few years. Can the market rely on the country's economy to rescue prices? Derek Brower reports
Obama set to reinvigorate climate-change talks
Under Barack Obama, the US will introduce its own cap-and-trade greenhouse-gas emissions scheme and take centre stage in international climate talks, writes Tom Nicholls
Cash the new king of the oil sector
High commodity prices put resource-rich countries in command and left IOCs scrambling for a strategy. How will falling oil prices and tighter credit affect them and their rivals? Derek Brower reports
Tide could be turning for troubled US ethanol industry
Volatile corn and ethanol prices have hit industry profits, but the election of Barack Obama could bring a reversal of fortunes, writes Anne Feltus
Petrobras' pre-salt plans under threat
The financial crisis is threatening Petrobras' plans to fast-track pre-salt reserves development, offering opportunities for foreign firms. China's CNOOC is among the interested investors, writes Robert Cauclanis
Mol's downstream delivers
An increased stake in Ina provides upstream potential, but it is Mol's refineries that are delivering profits, writes NJ Watson
Minnows braced for M&A wave
The oilfield services sector is being hit harder than most by the collapse of the oil price and financial markets, leaving smaller companies vulnerable to take-overs, writes Ian Lewis
New entrants in the Middle East
With upstream activity booming, investment in regional services companies is on the rise, writes James Gavin
Crude fails to consolidate gains
Oil prices got off to a strong start this week, rising by $5 a barrel on Monday to comfortably over $50/b. Traders attributed the rally to firmer equities, following the Citigroup bail-out, a weaker US dollar – boosting the appeal of commodities as a currency hedge – and cold weather. The growing prospect of another cut in Opec production at its 29 November meeting in Cairo was also seen as supportive.
Saudi Arabia rethinks expansion plans
Regional producers, most notably Saudi Arabia, may delay large oil and gas developments as commodity prices fall, reports James Gavin
Petrobras' pre-salt plans under threat (1)
The financial crisis is threatening Petrobras' plans to fast-track pre-salt reserves development, offering opportunities for foreign firms. China's CNOOC is among the interested investors, writes Robert Cauclanis