Petroleum Economist
Japan trades on new LNG role fuelled by stronger yen
Japanese trading houses are reinventing their role in the gas game fuelled by a stronger yen, healthy balance sheets and a new political vigor
Pioneer’s collapse hits Canada’s CCS hopes (1)
Canada’s hopes for large-scale carbon capture and sequestration (CCS) are in tatters following the collapse of a taxpayer-backed multi-billion dollar project
Shell considering UK shale potential
Large shale gas finds in the UK have caught Shell’s attention, but the company remains downbeat on Europe’s unconventional gas prospects
Independents stay the course after YPF nationalisation
Independents operating in Argentina have adopted the mantra “keep calm and carry on” in the wake of the government’s nationalisation of Repsol’s stake in YPF last month
AtlasInvest in second European refinery acquisition
Along with Vitol, AtlasInvest will buy and re-start the Cressier refinery in Switzerland
The oil-fired but gas-focused major oil companies
High oil prices are driving the major oil companies’ profits – but gas is what they are excited about
TransCanada brings XL back to life despite speed bumps
Despite what its chief executive described as “speed bumps”, the Keystone oil-sands pipeline to Texas is already an important part of TransCanada’s plans to ship 40% of Canada’s exports to the US
TransCanada brings XL back to life
Despite what its chief executive described as “speed bumps”, the Keystone oil-sands pipeline to Texas is already an important part of TransCanada’s plans to ship 40% of Canada’s exports to the US
Pioneer’s collapse hits Canada’s CCS hopes
Canada’s hopes for large-scale carbon capture and sequestration (CCS) are in tatters following the collapse of a taxpayer-backed multi-billion dollar project
Shale fuelling a looming energy credit crunch
The financial woes of the US’ largest unconventional gas players could not only destabilise the energy sector, they pose a threat to the wider economy, argues Dr Ruud Weijermars*
Woodside Petroleum has a renewed drive to succeed
The Australian firm has a new chief executive and, it seems, a renewed drive to succeed
More setbacks for European shale
Shale-gas exploration is facing further setbacks across Europe after governments in the Czech Republic and Romania moved to ban hydraulic fracturing (fracking) and reports emerged of opposition to the technique mounting within the German government
US backlash against LNG exports despite increased production
Despite increased shale-gas production and slumping prices, the business and environmental opposition against liquefaction plants grows stronger and loude
Airline Delta to buy US Trainer refinery in Pennsylvania
The airline plans to restart the shut down plant in early September
New world-class gas find for Anadarko in Mozambique
The discovery will increase the reserves in the block by 66%
Industry ire over BLM fracking move
The US government says its decision to introduce federal regulation of hydraulic fracturing (fracking) on public land is a much-needed modernisation of an out-of date framework
US fights cyber-attacks on gas pipelines
The organisations managing US gas pipelines are now on a state of high alert following news that the network’s computerised control systems have been targeted by cyber-attacks over recent months
Two North American LNG terminals power ahead
Shell plans Canada export projects while Excelerate ponders first US floating liquefaction terminal
ConocoPhillips to withdraw from Nigeria to help profits
The upstream company has sold assets to increase profitability
Norway’s Johan Sverdrup targeted for 2018 start-up
The major players in the oil discovery have agreed a development timetable to get oil flowing in 2018
Sierra Leone discovery firms up new oil province
The third well in the emerging Sierra Leone-Liberia basin has produced a third discovery for Anadarko
Iranian deal on the cards, but not yet
Growing signs of that a deal with Iran over its nuclear programme is within reach could bring welcome relief to fragile economies battling with the effects of an inflated oil market. But the deal is far from done and the timing remains unclear
BHP shifts to liquids to bolster flagging US shale income
Faced with uncertain income from its newly acquired US shale gas assets, due to low gas prices, BHP Billiton is hurriedly refocusing efforts on shale liquids plays, which it hopes will prove more profitable
A two-track energy business
There’s a growing divide between big firms and smaller players in the oil and gas sector, and nowhere is that gap more evident than in access to finance
Ecuador’s oil industry struggling to find its way
Resource nationalism has returned to the fore in Latin America following the government takeover of YPF in Argentina
UK government plans a patent box regime
UK government plans for a ‘patent box’ regime has a number of distinct tax advantages for energy sector firms
New book by Steve Coll looks inside ExxonMobil’s Empire
Pulitzer Prize-winner Steve Coll’s corporate biography is a meticulously researched and incisive analysis tracing the shifting fortunes of the US’ biggest and most powerful oil company
Creating competitive fiscal terms for oil and gas projects
The structure of fiscal terms has a significant impact on the investor favourability of hydrocarbons projects
Shale fuelling a looming energy credit crunch (1)
The financial woes of the US’ largest unconventional gas players could not only destabilise the energy sector, they pose a threat to the wider economy, argues Dr Ruud Weijermars*
San Leon adds to Polish shale portfolio
San Leon Energy, the second-largest licence holder in Poland behind state-run PGNiG, has added another block to its unconventional gas portfolio
Majors weigh up Australia’s shale potential
Major international producers are starting to size up early-stage Australian shale-gas opportunities in an effort to bag acreage before assets become too pricey
Industry and NSW in gas stand-off
Gas producers and industrial manufacturers are set for a bitter face-off in the Australian state of New South Wales (NSW) after the state government mooted the possibility of a gas reservation policy in light of a looming supply crunch
Servicing the oil boom as exploration and production surges
Services companies are looking ahead to a bumper year, as exploration and production in the oil sector surges and the slump in North America’s gas industry opens up a wealth of opportunity
India has potential to be a major gas importer
With brand new liquefied natural gas infrastructure and new pipelines opening, India has the potential to be a major gas importer. But the government faces a dilemma which may scupper its gas ambitions. Does it deliver much-needed market reform or does it protect millions of citizens living below the poverty line?
Why resource nationalism makes sense for Kirchner and YPF
Though there are mixed opinions on the nationalisation, there is some sense in the decision
Singapore's new LNG hub poised to shake trading dynamics
Singapore’s new LNG hub will offer the energy-hungry region greater volumes, at a cheaper price- and will make the city state a key player in the global market
Opec supply lifts global oil output
Global supply rose to 91million barrels a day in April
Upstream will be key to Repsol's plot for post-YPF future
Risks lie ahead for Repsol's post-YPF future, but it is set to emerge strong
Gloomy economic outlook weighs on oil
Global crude prices fell in May due to gloomy outlooks for European and Chinese economies and signs that Iran may allow nuclear inspectors into the country, lifting concern of Middle East conflict disrupting supply
Keep the global supplies flowing, says minister
As Opec delegates prepare to meet in Vienna, they would be wise to listen to Ali Naimi. Keeping supplies flowing is not just in the cartel's best interests, it is the best course of action for the global economy
In Siberia, a firm finds gas flares can be good business
Burning off associated gas is a big problem for Russia. Sibur is building a business model around solving it
Oil market is ripe for correction as supplies rise and demand falls
Supplies are rising, demand is stuttering, the Iran issue is fading, and the global economic outlook is darkening. It leaves the oil market ripe for another correction
Total and Wintershall commit to Argentine shale
In an early sign that industry interest in Argentina’s shale deposits has not been dimmed by the nationalisation of YPF, Germany’s Wintershall and French major Total announced this week that they had secured a new exploration licence in the country
What next for McClendon?
It’s becoming increasingly difficult to separate the misfortunes of Chesapeake Energy from those of its chief executive, Aubrey McClendon
Make or break for US renewables, says report
The clean energy sector has been a rare bright spot for the ailing US economy since the financial crisis took hold
ConocoPhillips splits and the experiment begins
The demerger of the upstream and downstream businesses of ConocoPhillips is intended to be a win-win situation for both sides, but will it really all work out for the best?
North American players cast eyes over the Niobrara
Colorado is emerging as the next front line in the shale revolution as producers look beyond increasingly crowded plays like the Bakken and the Eagle Ford
Origin Energy APLNG secures $8.5bn in debt financing
The Australia Pacific Liquefied Natural Gas venture has gained debt financing from export credit agencies and commercial banks
Blue stakes claim in Australian shale rush
Blue Energy is primed to take advantage of the rising interest in Australia’s unconventional play after bagging four large blocks prospective for shale-gas and oil shale
Malaysia plots Rapid rivalry with Singapore
Malaysia is pitting itself against economic rival Singapore as it strives to develop a major $20 billion world-scale refinery and petrochemicals hub
Utah readies for oil-sands push
The first oil-sands mine in the US will start production in 2013 after the project’s operator received financing for an initial 2,000 barrels a day (b/d) project in Utah
Ichan adds to pressure on Chesapeake board
Chesapeake Energy has come under even more pressure after its newest shareholder – activist Carl Ichan – spoke out about “breakdowns” in the company’s corporate governance and vowed to force changes at the struggling natural gas producer
FLNG option on table for Nexus Crux gasfield
Nexus Energy and Shell have mooted the possibility of an FLNG project off Western Australia
European shale struggles to escape US shadow
Shale gas holds enormous promise for Europe but the industry must go above and beyond to address social and environmental concerns, argue Michael Holgate and Jay Wagner from Plexus Energy.