Petroleum Economist
Western Australia tightens regulations
The Western Australian government has introduced new environmental regulations that force operators to inform the public of the nature of chemicals used to drill unconventional wells in the state
Australia unconventional energy under threat unless balance found
Governments need to strike the right balance between community expectations and the development of unconventional resources in Australia to avoid losing billions of dollars of investment, says the Committee for Economic Development of Australia (Ceda)
Argentina’s hydrocarbon commission to take on Gas Plus
The Argentine government has launched its powerful new hydrocarbons commission, which will be tasked with regulating investment and setting prices in the energy sector
Australia and EU link carbon markets with trading scheme
Australia has signed up to join the EU’s carbon emission trading scheme in what both hope is the first step towards a global carbon market, but is Europe's troubled market the best model?
Shell moves ahead with Canadian CCS project (1)
Shell has made a long-awaited decision to proceed with Canada’s first large-scale carbon capture and sequestration (CCS) project
Australia on verge of shale revolution
The rush to develop a shale-gas industry in Australia is gaining pace
Czech Republic nears fracking moratorium
The Czech Republic appears to be moving towards a moratorium on shale-gas exploration as ministers plan to meet in October to discuss a proposed two-year ban on hydraulic fracturing (fracking) while the country seeks to tighten environmental regulations on the controversial drilling practice
Shell moves ahead with Canadian CCS project
Shell has made a long-awaited decision to proceed with Canada’s first large-scale carbon capture and sequestration (CCS) project
KPC eyes Athabasca tie-up
State-run Kuwait Petroleum Corporation (KPC) is poised to take a stake in Canada’s oil sands. The details of the agreement, with Athabasca Oil Corporation, have yet to be disclosed, vbut Athabasca's shares have risen in anticipation of a deal
Enbridge plans Utica gas pipeline
Pipeline operator Enbridge has proposed a new natural gas pipeline to link the fast-growing Utica shale with markets in Canada and the US midwest
Henan CBM seeking foreign shale partners
Chinese unconventional gas developer Henan CBM is set to split its Xiushan shale-gas block into four separate prospects that it plans to offer for joint exploration with foreign companies
Protesters halt Dart CBM drilling
An Australian court has told Dart Energy it cannot start drilling at its Fullerton Cove coal-bed methane (CBM) project in New South Wales (NSW) until a full legal challenge from a group protesting its plans is heard
China opens second shale-gas round
China has launched its long-awaited second shale-gas licensing round, putting 20 blocks on the table
New pricing bodes well for China CBM
The prospect of gas pricing reforms could help bolster production from China’s coal-bed methane (CBM) sector if Beijing makes good on its promises, say analysts
Oil prices are too high for global economy
Neither a stock release nor the promise of Saudi oil is likely to break the market’s fever
Canada's Encana clears itself of collusion charges
Canada’s largest natural gas producer Encana has cleared itself in an internal investigation over allegations that it colluded with Chesapeake Energy in US land purchases, but still faces a potentially costly federal anti-trust investigation over the matter
BP nears Macondo fund total with $5.5bn Plains deal
BP edges closer to divestment target with the sale of Plains Exploration for $5.5bn
Shale no cure for Europe's gas habit
Shale gas could bolster Europe’s energy security and lower prices, but it would do little to reduce the continent’s import dependency even under the most optimistic development scenario, the European Commission has said in a new report
Encana clears itself of collusion charges
Canada’s largest natural gas producer Encana has cleared itself in an internal investigation over allegations that it colluded with Chesapeake Energy in US land purchases, but still faces a potentially costly federal anti-trust investigation over the matter
Sea ice halts Shell's Chukchi Sea plans
The company has halted operations temporarily, as it waits for the ice to shift
Russia turns to shale oil
Bazhenov's potential under the spotlight as Putin backs unconventionals hunt
South Africa lifts shale gas ban
South Africa has lifted its 18-month moratorium on shale-gas exploration, opening the door for Shell and others to start early-stage exploration work in the Karoo basin, but warned that the country’s regulations need to be bolstered before full exploration – including hydraulic fracturing (fracking) – is allowed to go ahead
Merger mania goes midstream in oil and gas sector
After a flurry of major M&A deals in the upstream segment last year, cash-rich companies are making moves a little further up the value chain
CEO John Manzoni's move makes Talisman sale unlikely
The chief executive's resignation makes the sale less likely for Talisman
$6.9bn sale pushes Chesapeake closer to cash goal
Cash-strapped Chesapeake Energy is moving closer towards plugging a $13 billion hole in its balance sheet following the $6.9 billion sale of a package of production and pipeline assets in the US
Subsidy burden may push fuel market reform
With oil prices expected to remain above $100 per barrel into 2013, the fuel subsidy burdens shouldered by many Asian governments will speed up the pace of market deregulation and could cut oil demand growth, consultancy Wood Mackenzie believes
New study gets measure of Australian shale
Investors are primed to get a better understanding of Australia’s shale-gas potential as early as next year once results from Geoscience Australia’s new onshore study becomes available
BG puts QCLNG sale on hold
UK gas group BG is struggling to sell a stake in its Queensland Curtis coal-bed methane (CBM) to liquefied natural gas (LNG) export plant in Australia
Bakken output tops 600,000 b/d
North Dakota’s liquids production, primarily from the Bakken, is nearing 675,000 barrels per day (b/d) for the first time
New South Wales lifts CBM ban
The Australian state of New South Wales (NSW) has opened its doors to coal-bed methane (CBM) exploration after overturning a moratorium on hydraulic fracture stimulation and a freeze on licensing
Mena governments must loosen grip on energy sector
Governments across Mena should loosen control of their energy sectors, allow private firms a greater share of the upstream and push development of vast natural gas deposits in a bid to diversify their economies and remain competitive, said one of the region’s rising energy stars
BG joins Canada LNG race with pipeline plans
BG Group and Spectra Energy Corporation are poised to build and operate an 850 km pipeline
US delays decision on LNG exports
A decision to withhold approvals for US liquefied natural gas (LNG) exports will leave domestic producers cooling their heels until after presidential elections
Brazil considers unconventional future
Brazil holds potentially vast unconventional gas resources in basins across the country, but exploration remains at the very early stages and the country’s regulatory framework must be improved before progress can be made, a top official at the ANP, Brazil’s upstream regulator, has said
BG joins Canada LNG race
UK-based BG Group and Houston-based Spectra Energy Corporation are poised to build and operate an 850 km pipeline which will carry feedstock to a liquefied natural gas plant on the British Columbia (BC) coast
Doing the sums
The economic-fiscal framework for unconventional resources is rapidly evolving, write Pedro van Meurs, Barry Rodgers and Jerry Kepes
Rousseff gives nod for new Brazilian bid rounds
Amid increasing pressure from the industry, Brazil’s president Dilma Rousseff has given the go-ahead for the country’s first licensing round since 2008
The light dims for US and Iranian relations, says book
A new book documenting US-Iran relations since 1979 will leave its readers very glum about the prospects for peace
Outages send global production lower
Weather and protests have contributed to low global production in August
Oil prices rally on US Federal Reserve's QE3 programme
The bond-buying programme is a bid to jump start US economic growth
CNOOC seeks fortune in the west with Nexen takeover
China’s bid to buy Canadian producer Nexen has met with a cautious reponse
Producers need to play the long game for the LNG race
There are plenty of new developments on the table, but producers need to play a long game, says IEA senior gas analyst Anne-Sophie Corbeau
Russia pays high price for LNG export prize
How will the world’s largest gas exporter diversify away from pipeline supplies? Tatiana Mitrova, of the Skolkovo Business School’s Energy Centre, considers the options
Fragile politics remain a threat to Iraq and its energy sector
Rising production and a deal between Baghdad and the KRG are positive. But fragile politics remain a threat to Iraq
Saudi Arabia's quantitative oil easing
The kingdom doesn't play the spot market, so its pledge to keep pumping can only do so much
China’s slowing economy hangs over oil market
Stimulus measures may yet help the country meet its high growth targets. In the meantime, the data remain distinctly bearish
Activity builds in the UK’s west of Shetland exploration
New west-of-Shetland infrastructure should give momentum to exploration and production work in the UK’s last frontier-province
Peru’s balancing act between industry and domestic demands
The country’s resources sector has seen growth surge over the past decade, making it one of Latin America’s most attractive destinations for foreign investment. But that success has also sparked a backlash. Justin Jacobs looks at how Peru is reconciling the needs of industry with a growing chorus of domestic demands
A question of balance: US energy independence or security
Mitt Romney’s energy strategy promises to reach for the stars. Barack Obama’s may be more realistic. Shaun Polczer reports on the US election
It’s time for Big Oil to make up its mind on financial transparency
The SEC has adopted wide-ranging transparency regulations in a bid to end corruption. The EU is taking steps to adopt similar rules. It is now time for energy sector leaders to fully embrace financial transparency, not hold it up
EIA estimates Alaska oil production could cease by 2026
Alaska’s once-vaunted oil production could fall to nil as early as 2026, according to new estimates by the US Energy Information Administration (EIA)
Dart eyes international spin-off again
Australian coal-bed methane (CBM) player Dart Energy is again attempting to spin off its international assets to raise fresh funds after binning a proposed floatation in Singapore earlier this year
Santos warns of looming supply crunch
Santos has warned that it is too late to avoid gas shortages and higher prices in New South Wales (NSW) following a near two-year delay in coal-bed methane (CBM) exploration in the Australian state
ExxonMobil doubles down on Bakken
After nearly three years of sitting on the sidelines, ExxonMobil has re-entered the US acquisition market with a $1.6-billion purchase of Bakken assets
Mexico looks for closer gas ties with US
Despite reluctance to open its oil sector to foreign investors, Mexico is seeking to expand unconventional natural gas cooperation with the US, including investment in exploration, production and pipelines
Aramco ramps up hunt for Saudi unconventionals
Saudi Aramco is looking to delineate unconventional tight-oil and shale-gas resources using expertise gleaned from the US
Reliance eyes Orinoco belt in deal with PdV
India’s Reliance Industries and Venezuela’s PdV have signed energy cooperation agreements including a preliminary deal that could see Reliance spend billions of dollars in Venezuela’s Orinoco heavy-oil belt
Shale unlikely to bring cheap gas to UK
Shale-gas production in the UK will be slow to come and is unlikely to deliver the kind of cheap natural gas prices buyers enjoy in the US