Petroleum Economist
UK needs a rational debate about shale-gas development
The UK is coming round the idea of shale-gas development. But what we need now is for the media to steer a calm, rational debate about the fuel's benefits and drawbacks
Reports suggest sanctions on Iran aren't working
Two assessments of the West's strategy to stop Tehran's nuclear programme suggest the outlook is grim
Denmark oil hopes lifted by Wintershall discovery
Wintershall said in late-March that a well and two sidetracks at its Hibonite structure pointed to it holding about 100 million barrels of oil-in-place
Oil industry tests Venezuela as election kicks off
After more than a year of nearly non-stop campaigning, Venezuelans could be forgiven for suffering from election fatigue
Tanker owners fight back on low charter rates
Tanker owners have launched an initiative to improve charter rates, which they say have fallen to levels which are consistently below basic operating costs
PetroChina posts sharp fall in financial results
Hit by rising import costs and increased government pricing control, Petrochina has posted a sharp fall in results
The Iron Lady and the UK coal sector
The Thatcher government’s confrontation with the UK's coal miners was the most bitter industrial dispute the country had ever seen. It changed the UK’s industrial landscape irrevocably, and its effects are still being felt today. But not, perhaps, in a way you would expect
Margaret Thatcher’s influential energy legacy
Margaret Thatcher, UK prime minister from 1979-90, who died in on 8 April, brought profound changes to the country’s business life and particularly to the energy sector
Ultra-deep makes a splash with new discovery
As exploration ramps up in the Gulf of Mexico, the Lower Tertiary and Paleogene plays have become hot prospects
Tanzania on the road to LNG exports with BG and Statoil
The companies are to cooperate with an LNG export complex
Fracking poses little earthquake risk, study finds
Hydraulic fracturing (fracking), the drilling technique widely used in shale oil and gas development, does not pose a significant risk of causing earthquakes large enough to be felt on the surface, according to a new study by the University of Durham
Oil buoyant thanks to supply risks, says IEA
Prices have fallen, demand growth is sluggish and supply has rebounded in some key producing countries, but it may be too soon to declare a bear market
Still hope for Indonesia's upstream, but incentives needed
Just under half of Indonesia's potential resources have not yet been produced
Stormy waters ahead for Brazil's OGX amid low production
Disappointing production levels have cut the company's credit grade, leaving questions about the company's future
Turning point for Australian LNG as costs stop development
The LNG project at James Price Point will not go ahead, marking a turning point for Australian LNG
Politics of the Iran-Pakistan gas pipeline
The formal launch of the Iran-Pakistan (IP) gas pipeline project has been billed as part of the solution to Pakistan’s deepening energy crisis. Its success, however, is not just a question of diplomacy
Centrica and QPI buy Suncor gas assets for C$1 billion
The Canadian company is to concentrate on its other profitable assets
Insurers warn of rising supply chain risks
Under intense pressure to keep a lid on costs while taking on ever larger and more challenging projects, oil and gas companies have outsourced an increasing amount of their critical engineering, procurement and construction activities
French Guiana disappointment for Tullow Oil
Tullow Oil’s shares fell sharply this week after another disappointing well result in the company’s French Guiana exploration campaign
Israel grants US Genie exploration rights in Golan Heights
The award raised little protest in Syria, which is enmeshed in a bitter and protracted civil war. But, as Conal Urquhart discovers, Tel Aviv's decision may have far-reaching consequences
Asian buyers push for LNG trading hubs to curb import prices
Asian buyers of liquefied natural gas (LNG) are calling for the creation of trading hubs in the region to lower their growing import bills
Russia won't develop shale gas for a decade
Conventional gas is much cheaper to produce, meaning the country will not explore its unconventional reserves for some time
Tight oil fuels North American rail resurgence
The train network is rapidly becoming integral to energy transport in the US, a role that could aid the rise of unconventionals
Self insurance in the spotlight for oil and gas companies
Oil and gas companies are responding to rising premiums by setting up in-house insurance operations, but the strategy carries risks, writes Stephen Breen from Rein4ce
Crude tumbles to nine-month lows on economic weakness
Lower oil demand and seasonal maintenance at refineries has put pressure on the oil price
Opec leads global oil production lower
Troubles in Nigeria, Libya and Iraq contributed to the supply decline
World’s biggest LNG conference bounces back
Rising costs, Asia’s burgeoning demand and the prospects for US exports dominated the LNG17 conference in Houston. And there wasn’t a volcanic ash cloud in sight
Argentina pays price for asset grab nationalisation
The past 12 months show that nationalisation of YPF has been disastrous for both the company and the country
Maduro's presidency leaves little hope for oil companies
When a stagnant economy and a moribund energy sector, Venezuela needs pragmatism rather than politics. But Maduro's elevation to the presidency leaves little room for hope
Ivory Coast oil rush heating up as Total makes discovery
The French major is the latest company to make a discovery in the Ivory Coast
Analysts turn bearish on oil prices amid sluggish economy
Analysts are lowering their oil price forecasts for this year on expectations of ample supply, weak demand and a sluggish global economy
Petrobras' production showing signs of a turnaround
The company's production has been on a steady decline, but that is likely to change in the next year, says head of upstream
Venezuela cuts US fuel imports as the Amuay refinery re-started
Last August, 39 people were killed and the refinery was badly damaged after an explosion, forcing the plant to close
Henry Hub natural gas price shifts to global benchmark
US gas players face crossroads as North American natural gas is moving away from being a regional price point to become a global benchmark