Petroleum Economist
Aubrey McClendon quits Chesapeake Energy
The chief executive will leave Chesapeake Energy, the company which he founded
Petrobras fuel price increase doesn’t go far enough
The state owned company announced an increase in fuel prices, however analysts say it isn't enough
GE steps up oil and gas game with services provisions
As oil and gas companies have stepped up their spending on major oil and gas projects in recent years, GE, one of the world's largest conglomerates, has carved out an increasingly prominent role providing the equipment and services for some of the industry's most ambitious ventures
Canada's Kearl costs jump 63% over budget
The newly-commissioned Kearl mine is the latest jewel in Canada’s oil-sands crown, but it is also the costliest
Angola to open the onshore pre-salt blocks
The frontier exploration focus could move back onshore, if the government's hopes are fulfilled
Deep-water discoveries in Angolan offshore total 101
Angola’s deep-water areas have yielded 101 substantial oil discoveries, of which 35 have been brought into production through 13 development complexes
Suncor rethinks strategy as unconventionals' rise changes supply mix
North America's changing supply mix is prompting Canadian oil-sands producer Suncor Energy to rethink its strategy
Energy companies keen to access Myanmar's reserves
Only two years ago Myanmar (Burma) was considered a pariah nation, on a par with North Korea. But since international sanctions were lifted following a series of democratic reforms, energy companies are now eager to tap the country's reserves
Myanmar still has far to go on road to democracy
Despite recent reforms, human rights and transparency issues pose real challenges for Myanmar
Final decisions to be made for Shah Deniz expansion
The partners in the Shah Deniz field must make two important decisions: a final investment decision for the Caspian gasfield's second-phase development and a pipeline to carry production to Europe
BG eyes production ramp-ups as profits slump
The UK company's operating profit was down 12% year-on-year in the fourth quarter of 2012
Reserves update under wraps for Johan Sverdrup
An update on the field's reserves will have to wait, but hopes remain high
The road to efficiency for global transportation
Changes are afoot in global transportation that will profoundly affect the oil sector
Car numbers will soar as vehicles become more efficient
The number of cars will soar in the coming decades. But they will do much more for much less fuel
Obama vows clean energy shift for US in State of the Union
If there were any doubts about US president Barack Obama’s determination to tackle climate change, it was put to rest in his State of the Union speech on 13 February
Deep-water spending set to double by 2017
Spending on deep-water oil and gas projects will more than double in the next five years as drilling and field development activity offshore Brazil and Africa ramps up, a new report claims
E&Y sees busy year for global oil and gas M&A
The consultancy carried out a study which suggests 37% of companies are planning M&A activity
Expansion of Brazil's ports key to oil industry growth
At the mouth of Rio de Janeiro's iconic Guanabara Bay, a queue of ships waiting to berth at the city's main port shows the strain rapid economic growth in recent years has putting on Brazil's infrastructure
Shale-oil output to hit 14 million b/d by 2035
Global shale-oil output will see a steep rise over the next 20 years, according to a new report, writes Helen Robertson
Dips in output and prices dent majors’ results
Improved refining margins prove a silver lining as big players unveil disappointing full-year figures
Asian advance challenges IOCs in the Gulf
Concession renewals in Abu Dhabi will test corporate appetites, as Middle Eastern governments hold out for more from their foreign partners
New book reveals how China’s superbank takes on the world
China Development Bank has emerged as one of the most important financial institutions in the world, bankrolling the country’s rise at home and abroad, but little is known about its operations. Justin Jacobs reviews a new book which helps shine a light on the secretive bank
Downturn in US fuel consumption under way
A secular downturn in US fuel consumption is under way as Americans fall out of love with their cars
New fuel economy standards bringing changes to US
New standards in the US will bring big changes to the country’s vehicle fleet
Greening China’s pumps as cars expected to double in number
Can efficient vehicles and a push for alternative fuels take the edge off the country’s thirst for oil?
Fuelling Asia’s drivers as car ownership soars
Subsidies and weak policy mean Asia’s rising economies will dominate demand growth for transport fuels
China’s economic data supports crude prices
Crude oil prices hit nine-month highs in early February as stronger economic data from China and seasonally cold weather boosted prices
Opec production hits 12-month lows
Global oil production fell to 90.8 million barrels a day
Europe drives away from oil as vehicle sales slump
Tight mileage standards, a saturated car market and good public transportation mean the continent's fuel needs will grow slowly, if at all
Middle East wedded to the wheel
Cars still rule the Middle East’s roads. But change can – and must – come
Subsidies encouraging fossil-fuel consumption
Getting rid of subsidies is tricky due to unrest and political concerns
The niche for natural gas vehicles is growing
High crude-oil prices and environmental concerns are behind the rise of liquefied natural gas (LNG) and compressed natural gas (CNG) as fuels for both road vehicles and ships. The trend is likely to continue
Gas To Liquid technology pushes at the margins
Turning natural gas into diesel has many advantages, especially in the US
LNG now a viable alternative to fuel ships
As a transport fuel for shipping, liquefied natural gas (LNG) is still in its infancy. But stricter environmental regulations and rising bunker fuel costs are prompting operators to weigh up the benefits of using natural gas instead of oil products
Environmental changes bring upheavals for refiners
Environmentally driven changes to shipping fuels will bring change for the world’s refiners
Latin American car ownership rising steadily
Subsidies and economic growth mean fuel consumption and car ownership will rise steadily
Evergreener lands: tough Nordic emissions reductions
The Nordic countries are trying to eke out more fuel efficiencies, but it won’t be easy
Africa stays in the slow lane with transport infrastructure
As the world’s poorest continent with the least developed transport infrastructure, it is no surprise that Africa trails the rest of the world in terms of fuel use
World refining system needs extensive reconstruction
The world refining system will need reconstruction to meet likely changes in transport fuels demand
PetroChina backs Australian LNG in deals with ConocoPhillips
The deal will see PetroChina take a 20% stake in the Poseidon gas discovery off Australia
Americas Petrogas find extends Vaca Muerta potential
Argentine focused explorer has discovered a light find at the Totoral Block
Chevron adds weight to Australian shale with Cooper deal
The company sealed a deal potentially worth $349 million to study the potential of Beach Energy's Cooper basin acreage
LNG sale brightens Repsol outlook and boosts Shell
Repsol has agreed to sell LNG assets in Latin America to Shell
Shell takes pause from returning to Alaskan drilling
Regulatory authorities and Shell are investigating the problems that hit the 2012 drilling programme
Sinopec deal boosts Mississippi Lime shale play
The Chinese state-run company makes a $1.02 billion deal with Chesapeake Energy in the southern US
Timor-Leste facing problems with spending
Timor-Leste (East Timor) was once seen as the poster child for developing nations. It had natural resources, a comprehensive legal framework covering their extraction and an oil fund. Now, almost 11 years after attaining independence, the country better resembles a problem child