Petroleum Economist
Western Australia to subsidise costly shale-gas development
Government halves royalties to 5%; unconventional gas resources greater than conventional
Pembina: tough, but fair regulations would drive oil-sands innovation
Producers must spend more on innovative R&D to solve the oil sands’ environmental problems – and preserve corporate reputations. But the incentive should come from government
UK CBM needs reduced costs, clear legislation
50% tax rate penalises small players; “Muddled” UK land-access laws
European shale gas needs huge services investment
Continent only has 20 rigs suitable for shale-gas drilling
Headwinds build against Nexen
Ratings slip on Long Lake troubles; Nexen pins hopes on debt reduction and BC shale gas
Alberta backs non-US oil and gas exports
Asia-Pacific offers long-term markets; Kitimat LNG, Northern Gateway under study
Sinopec’s LNG purchase boosts Australian CBM
Third CBM-to-LNG project to get green light; $18bn APLNG project now likely to go ahead
Oil-sands debate not derailing Canada/EU deal
Canada concerned by “discrimination” of oil sands; EU trade deal too important to fail
Injection wells and earthquakes
Fayetteville Shale areas hit by tremors; scientific studies as yet inconclusive
Dart targets Scottish unconventional play
Commercial gas production expected within a year
New Alberta regulation in two years
The province will need until 2013 to complete a four-year process
Quebec shale-gas drilling in March
Development will go ahead on release of regulatory framework later this month
Europe, India and China hold 280 trillion cf of unconventional gas
Unconventional could meet 20% of demand
Algeria touts massive unconventional gas resource
Energy minister cites “25,000 trillion cf” of reserves; new licensing regime needed to realise potential
We want your bitumen, Gulf refiners tell Alberta
Keystone XL in US “national interest” – TransCanada; US refiners would “embrace” bitumen – Valero
Alberta’s Duvernay enters the spotlight
Play could rival BC’s Horn River; Encana, Chevron among firms building a presence
‘Strong breeze’ whips up US shale-oil production
Shales delivering 25% of US oil output growth; new plays emerging every week
AOSC heralds new breed of oil-sands independents
PetroChina funding to underpin output growth; $1.8bn spending programme to reach 0.5m-0.8m b/d
Oil-sands water monitoring inadequate, says Alberta
Alberta needs a more “robust” regime, says environment minister Rob Renner
Chemicals sector wakes to benefits of shale gas
Low gas prices could stimulate US petchems industry
Quebec puts moratorium on fracing
Two-year ban on Utica shale drilling
Sasol/Talisman beef up shale/GTL deal
North American GTL plans receive a boost
More Asian shale-gas JVs to come, says Pioneer boss
Japanese and South Korean firms may be among new investors
Russia’s Lukoil targets US shale oil
Bazhenov formation, in western Siberia, also under consideration
BG/Tokyo Gas sign Japan’s first CBM-to-LNG supply deal
20-year deal will begin in 2015
Europe: as much unconventional gas as US – IHS Cera
Europe must adapt conventional exploration and production rules
Karak wins Jordan oil-shale deal
Production to begin in 2014
Meeting China's surging gas demand
China is now the world's largest consumer of energy and its rising demand represents the most formidable geopolitical challenge of the foreseeable future
Massive Japanese quake rocks LNG market
Four nuclear reactors shut; Japan could import 3 to 5 more LNG cargoes a month; spot prices could reach $11/m Btu
LNG tanker rates flat despite Japan quake
Spot rates stable as market assess demand; long-term charters expected to rise; shipping capacity still tight; SocGen ups Japan gas forecast
The US’ future is unconventional, says BP
Unconventional gas will account for 57% of US production by 2030; CBM and shale to account for almost half Chinese output growth
Gas gains on German vote
Anti-nuclear sentiment powers Greens to Baden-Wüttemberg win; UK plans carbon-price floor
Algeria LNG supply secure despite strike
Action at water plant shuts Skikda; Arzew ramps up to pick up slack
LNG holds steady as Japan stocks up
Japanese demand 'met til May'; Tepco weighs spot deal based on UK gas prices; Supply worries on Algeria and Yemen plant outages
Feeling the fall-out
To quench the its thirst for oil, drilling in US deep-water must resume, and soon
Demand destruction is on its way
Which ends first: the oil market's bull run, or the global economic recovery?
Nigeria: Decision-time for Shell asset bidders
SHELL's largest-yet sale of onshore Nigerian assets is moving towards decision-time, with preferred bidders for the upstream holdings soon to be selected – and asked to pay 10% of their bids into escrow accounts.
Water: hot commodity, hot issue
Water has become a significant source of friction between the energy industry and the public because of concerns about the impact of producers' water-management practices on health and the environment.
Greater Sunrise LNG project under threat
The stalemate between Woodside Petroleum and Timor Leste over the development of the Greater Sunrise LNG project to be "resolved in time", Australian resources minister Martin Ferguson said recently
Gazprom loosens its domestic grip
Russia's Rosneft has given a strong indication that it may be edging towards closer co-operation with the country's gas monopoly, Gazprom, for offtake of the oil producer's associated gas.
EU: Nuclear moratorium opens the door to renewables
Germany's decision to shut down some of its nuclear power stations following problems with Japanese plants after the recent earthquake could spur long-term growth in renewable energy.
Oil and gas licensing rounds (15/03/2011)
Map of oil and gas licensing rounds from 15/03/2011
Crude prices on the rise
Violence in North Africa, political risks in the Mideast Gulf and worries that a terrorist attack in Israel may trigger wider conflict across the region continue to buoy prices for Brent crude
Global oil production hits all-time high
Output averaged 86.6 million barrels a day for the month
Patrick Moore: The 'sensible environmentalist'
There is little love lost between Patrick Moore and Greenpeace
Time to drill: US relying on imports as drills lie idle
The US remains reliant on expensive oil imports from increasingly unstable regions, while drilling rigs lie idle in the Gulf of Mexico. The industry has had enough
Nuclear power's down but not out after Fukushima
Fission may suddenly be out of fashion. But the world cannot afford to scrap plans for advanced, new-generation reactors
What Japan's Fukushima crisis means for gas
Fukushima's setback for nuclear power creates new opportunities for natural gas – now and in the future
Poor feel the pain as food and oil prices surge
Rising food prices will push millions of poor people deeper into poverty. Soaring oil prices are partly to blame
A division of the spoils: Uncertainty for Libya's energy sector
As UN-backed military action targets Qadhafi's forces, Libya's oil and gas industry faces a difficult and uncertain future
Middle East unrest threatens global chaos
Faltering autocracies have failed to provide a coherent response to Middle East protests, risking wider destabilisation and endangering the global economy
Libya turmoil looms over Eni as shares slump
With 12% of the company's output coming from Libya, shares in Eni slumped. But the outlook for Italy's national champion is not as bad as it seems
Australia set to meet Asian LNG demand
The shutdown of Japanese nuclear capacity will only add to rising Asian LNG demand. Australia is ready to meet it
LNG tanker rates flat despite Japan earthquake
Spot rates stable as market assesses demand; shipping capacity tight; long-term charters expected to rise
Shell's bid to stave off Japan energy crisis after tsunami
With LNG capacity set to increase, Shell is guaranteeing supply to disaster-hit Japan
Russian LNG projects prepare to battle
Yamal LNG to challenge Gazprom's Shtokman plans; Total-Novatek deal follows Shell's Sakhalin-2 talks
China importers eye summer LNG feast
Hungry for energy to fuel its surging economy, China could start sucking up spot LNG cargoes from this summer and up to 2015
Brazil banks on pre-salt bonanza to increase production
Petrobras plans to double its oil production by 2020. Can it do it?
The North Sea shows its age as output declines
The four-country North Sea area is showing increasing signs of maturity, with oil output declining, discoveries becoming smaller – and, most worryingly, exploration activity falling
UK immigration reform a threat to North Sea operators
Targets to reduce net migration to the UK could hamper upstream development plans in the North Sea
US corporate transparency legislation: Lifting the veil
The oil industry is worried that new US corporate-transparency legislation will undermine the EITI and its strategy of good governance
Upfront science cuts upstream dry-well odds
Although advanced upstream technologies are expensive, early adopters significantly reduce the risk of drilling a dry hole
Microsoft wants to make information more manageable
Microsoft is teaming up with the oil industry and other IT suppliers to create common standards for upstream software
Pipeline impasse threatens Alberta's oil sands
The future of Alberta's oil sands hinges on two planned pipelines, but opposition is vocal and very influential
Controversial Redwater upgrader advances
Alberta needs the Redwater upgrader project to succeed to prove its case that CCS technology can clean up the oil-sands
Pembina: Tough but fair regulations would drive oil-sands innovation
Producers must spend more on R&D to solve the oil sands' environmental problems – and preserve corporate reputations. The incentive should come from government
Majors open their wallets for upstream spending
Upstream capital expenditure (capex) among big international oil companies (IOCs) is gathering momentum on the back of high oil prices and growing demand. The question is whether the attractive returns on offer will outweigh the increasingly high cost of uncovering fresh reserves
More to come from Shell, says Peter Voser
Shell has unveiled an output target of 3.5m barrels of oil equivalent a day (boe/d) for 2012, a 6% rise on last year
A win-win deep-water deal for India and BP
BP's industry-leading joint venture with Reliance Industries gives the supermajor access to some of India's most prospective deep-water acreage and a vital position in one of the world's fastest-growing energy markets