Petroleum Economist
The global quest for light tight oil as US production rises
Forecasts for growth in US oil production and reserves have risen dramatically, thanks to light tight oil. Operators, investors, regulators and politicians are pondering light tight oil's potential and the likely implications for global oil supply and demand
Majors lead global shale rush as producers learn from US
As commitment to shale begins to ramp up across the world, producers need to learn from the US
European unconventionals sector must forge its own path
Shale gas holds enormous promise for Europe but producers must adequately address social and environmental concerns
The challenge of new and old technology for explorers
The hunt for hydrocarbons has driven technological innovation in the energy sector. Now, as explorers are forced to go deeper, and into hostile environments, the role of technology has never been more important
Asia makes a splash with deep-water exploration potential
While deep-water plays off Brazil, West Africa and the Gulf of Mexico have traditionally been at the top of explorers' wish lists, Asia is proving itself to have real potential
Subsea technology takes centre stage in Brazil
State-owned Petrobras has long committed to research and development, a strategy that will harvest benefits from subsea development
North American offshore to comeback from Macondo disaster
Following a difficult time since the Macondo disaster in 2010, US offshore drilling is set for a comeback
Equatorial Guinea discoveries advance LNG expansion
Not long ago Equatorial Guinea’s authorities had plans to import gas to feed the country’s envisaged second LNG train – but this summer’s drilling off Bioko has proved-up substantial new reserves in territorial waters
Statoil takes the upstream plunge in Norway
Norway has a rich history of technological innovation, especially in the upstream sector. And now the country’s flagship producer Statoil is leading the offshore industry’s shift to the sea floor
Challenges for Total E&P UK on the North Atlantic frontier
Energy companies are now tackling the UK's last known North Sea oil and gas province, to the west of the Shetland Islands. Jeremy Cutler of Total E&P UK explains how his company and its partners are meeting the challenges
Floating LNG market rises as technology develops
As technology develops, floating liquefaction and regasification spending is set soar, say Steve Robertson and Lucy Miller of Douglas-Westwood
Better data, better value operations, says GE Oil & Gas
Monitoring and diagnostics is a fast-evolving part of the oil and gas industry, and one which is becoming crucial for asset optimisation, writes Hasan Dandashly from GE Oil & Gas
Breathing new life into Total's ABK mature field
As Abu Al Bukhoosh (ABK), one of Abu Dhabi’s producing fields, moves into its mature phase, selecting the right technology and employing the right people locally is proving key to its success, says Amer Al Shaikh Ali, general manager of Total Abu Al Bukhoosh
Tankers in deep water as hire rates stay low
Hire-rates for large tankers have been desperately low for four years and in the past two have barely covered direct operating costs
Oil industry watches as Venezuelan drama unfolds
President Hugo Chávez's health crisis is providing uncertainty for Venezuela
Chevron and Apache team up at Kitimat LNG project
Chevron has shaken up the race to export liquefied natural gas (LNG) from Canada’s west coast by teaming up with Apache to develop the Kitimat LNG project
Norway's Statoil development to launch new gas province
Statoil has applied for a development in its Aasta Hansteen field
ExxonMobil gets to work on Hibernia development
US supermajor ExxonMobil is poised to go ahead with the $14 billion Hebron oilfield development, offshore Newfoundland
Tight oil's rise reshapes Yergin's world view
The rise of North American tight oil is providing Daniel Yergin with plenty of material for the next chapter in his long-running narrative of the global oil industry
UK's low-carbon policies are blocking investment
The UK's lack of a clear strategy for developing low-carbon energy is deterring investment in the sector and threatens to derail its carbon emissions reduction policy
Statoil to become an operator on the US Marcellus shale
The Norwegian producer has made an acquisition of 70,000 acres in southeastern Ohio and West Virginia
Economic downturn derailing the fight against climate change
WEF has warned that climate change is placing increasing amounts of stress on global economies
Noble makes a splash with major production goals
The US independent has set itself major production goals – and has piqued investors’ interest.
The film Promised Land fails to deliver
Matt Damon attempts to take on the controversies surrounding hydraulic fracturing and the US’s booming gas industry – but his latest film misses its target
Doha deal paves the way for higher emissions costs
The latest round of climate change talks did not result in a binding global climate agreement, but it has paved the way for higher emissions costs
Clock ticking on China-Russia gas supply deal talks
Russia still hopes to strike a gas supply deal with China – vital if the country’s strategic shift from Europe to Asia is to succeed. But, as Justin Jacobs argues, Russia needs to act quickly or miss out on the opportunity
Lithuanian LNG terminal to be developed, but problems persist
The developers of a planned liquefied natural gas (LNG) terminal in Lithuania have won over an sceptical new government, but the problems of this project - designed to reduce the Baltic states' reliance on Russian gas - are far from over
Energy price volatility is the new normal for market
As water shortages, greater competition for resources and climate change tighten commodity markets, the old pricing certainties no longer apply
Mena on the frontline of energy sector cyber war
The Middle East and North Africa has become a battlefield in an increasingly hostile cyber-war. And the region’s vital energy sector is the frontline, says Justin Dargin
UK Energy sector confident as 2012 ends on a high
UK energy sector confidence is on the rise as increase in both drilling and deal-making bodes well for the new year
Shale forces rethink in Trinidad and Tobago gas market
The Caribbean producer could have suffered more than most with the rise of US shale output. While it has adapted in the short term, to secure its place in the new-look global gas market, Trinidad and Tobago must develop a new, long-term strategy
Chevron eyes Lithuania shale entry in Silute-Taurage field
Chevron is hoping to enter Lithuania's unconventionals sector, submitting a bid for a shale-gas exploration and extraction rights at the Silute-Taurage field, in the west of the country
Brazil's shale-gas development amid threats of energy shortages
The country's first shale-gas licensing round will happen later this year
Terror attack casts long shadow over Algeria’s troubled upstream
BP fears the worst as the outcomes of the terror attack on Tigantourine wet-gas complex remain unknown
The Tigantourine crisis is over, but new ones await Algeria
The murder of oil workers in Algeria was a shocking, barbarous act. The dead men at the Tigantourine wet-gas complex, near In Amenas, were not politicians or soldiers. They were innocent oilmen doing their job. That they are now targets of terrorists in the Sahel opens a disturbing new chapter for the oil industry in the Middle East and North Africa (Mena), with serious ramifications for the region's governments and investors alike.
Global output falls as Opec volumes stall
Global oil production fell to 91.2 million barrels a day (b/d) in December, a drop of 170,000 b/d, as output from Opec declined
In Amenas attack and economic data boost crude prices
Geopolitical concerns and seasonal demand bolstered crude oil prices in January
Obama sets ambitious energy agenda for his second term
The US president used his inaugural address to reaffirm his commitment to tackling climate change
Plunge in NGLs prices add to US gas producers' woes
North American producers have, since the collapse in Henry Hub prices, relied on higher-value liquids to offset low natural gas prices, but the hedge is ending
China's ambitions waver after shale round disappoints
China is far from realising its ambitious shale-gas production targets following a lacklustre licensing round
Japan in market for US shale-gas LNG
Japan is hoping to meet its energy demand – and cut its growing import bills – by sourcing liquefied natural gas (LNG) from US shale-gas developments and possibly increasing its domestic nuclear power-generation capacity
Iraq's fractious politics weigh on oil sector
Fears that country is teetering on the brink of civil war and the increasingly poisonous relations between Baghdad and Erbil may stymie Iraq's ambitions to boost crude production
UK's vast shale gas stash could slash Europe gas prices
The UK has vast shale-gas reserves that could cause domestic and European natural gas prices to tumble, according to a new report, due for release in the next few months