Petroleum Economist
Momentum builds for end to US oil export ban
A deal that would lift export restrictions is possible later this year as debate over crude export restrictions heats up
China hopes to stimulate demand by cutting gas prices
The country will cut regulated gas prices in order to encourage demand
Obama’s aims to reduce greenhouse gas emissions by 32%
As part of the Clean Power Plan, Obama aims to reduce the gas emissions by 2030
BP invests $1bn in UK North Sea project
The investment will bring new life to the Eastern Trough Area Project in the central North Sea
Hope remains for the UK North Sea prospects
The UK Continental Shelf still has its attractions for the producer, sky-high costs notwithstanding. This year might even see a year-on-year rise in output, with regulatory enhancments still to come
Oil & Gas Authority sets out its aims
The newly-created Oil & Gas Authority will oversee the operations of UK North Sea producers as the province moves into a period of deeper decline. Petroleum Economist asks how it will achieve this
Russia saw a surge of low-price exports this summer
Gazprom's sales dipped in the first quarter of this year, but was followed by a surge of lower-priced exports
Ukraine tenders for summer gas
The country is tendering for supplies worth up to $300m for delivery this summer
Shale producers optimistic as oil production falls
Across the US' largest plays, shale output is set to fall for the sixth month in a row in September
Majors show early interest in Mozambique’s 5th round
ExxonMobil, Total, and Statoil are among the companies that submitted bids to explore for new exploration blocks in Mozambique
Oil and gas investors need to weigh investment options
Producers and investors could be sitting on billions of dollars of unspent funding because of the current industry downturn
InfraStrata at next stage of Irish gas storage project
Exploration company InfraStrata will turn the Islandmagee salt deposit into a gas storage plant after securing funding from the EC
Dog days of summer for US shale producers
Listening to some of the US shale industry's top executives during the second quarter results season, one might think that shale output was surging ahead as strong as ever
First nuclear plant to reopen in Japan after Fukushima
Japan has brought back the first of its nuclear plants which were closed in the wake of the Fukushima disaster. However, analysts doubt if this will affect LNG imports
UK enforces faster shale applications
Planning applications for shale gas will be fast-tracked due to new measures announced on 13 August
Nigeria appoints new head of NNPC to crack down on corruption
Nigeria’s president has made good on his promise to reform the energy sector with key appointments already announced, but the legislative workload ahead is daunting
Demand spurt as oil prices tumble 25%
Crude prices fell in July and August, but forecasts show demand will be stronger than anticipated
World oil supply falls by nearly 600,000 barrels a day
The dip was mainly from non-Opec production, and in July it had fallen to 96.6m b/d
UK enforces faster shale applications (1)
Shale gas planning applications will be fast-tracked through a new, dedicated planning process, under UK government measures announced 13 August
ConocoPhillips puts Indonesian assets up for sale
Only months after promising to increase investment in the country, ConocoPhillips is seeking a buyer for its assets
Guyana oil find raises big hopes
Guyana wasn't expected to be the next country to find oil, with high hopes resting on Suriname
How to tackle corruption risk in M&A transactions
Energy companies often conduct business in emerging markets, some of which may have a historically poor record of dealing with corruption. In this article, law firm Norton Rose Fulbright considers the risks of entering such markets; and how companies can protect the value of the deal
Q2 results lead companies to focus on efficiencies
After poor second quarter results, companies are now focused on cutting costs and improving efficiency
Russian oil hit by sanctions and low prices
Oil in Russia is being squeezed at both ends
New risks squeeze Alberta’s oil sands
Canada's oil sands face collapsing oil prices, limited export routes and higher taxes
Mexico oil auctions stumble out of the block
Mexico’s oil reformers were poised in July to celebrate a successful outcome. But the first licensing round open to foreign investors since the 1930s drew a virtual blank
Cheniere Train 5 contracted to Total and Centrica
Train 5’s capacity of 3.75m t/y has been contracted on a long-term FOB basis under sale and purchase agreements with the French major Total and Centrica
Litgas and Statoil offer vessel bunkering services
Teaming up with Statoil, Litgas is trying to get more usage out of its under-used floating LNG regasification terminal
InterOil and Total agree LNG site
The partners in the LNG project in Papua New Guinea have agreed the location for developing the Elk-Antelope gas field
Iran's nuclear agreement could boost oil market
Tehran’s mid-July nuclear agreement provides space for its re-entry into the global oil market, and for international oil companies to plant their flags back in the Islamic Republic
Shell sells 30% stake in Showa Shell Sekiyu
The move is part of a strategy to concentrate Shell's downstream activity to a smaller number of assets
New law hands Pertamina power as Indonesia dodge energy crisis
Indonesia needs investors to avert an energy crisis. But a proposed law, widely hoped to improve the fiscal and regulatory environment, appears disappointing
UK to offer 27 onshore blocks in 2015
The country will start onshore shale oil and gas exploration as they plan to award 27 blocks from the 14th Onshore Oil and Gas Licensing Round this year
Rosneft buys assets of oilfield services company Trican
The company is buying the Russian assets of Trican in order to boost itself ahead of harsher western sanctions
Demand is rising fast, but prices won’t follow just yet
The International Energy Agency’s (IEA) latest oil-market report suggests the fundamentals are turning, led by demand
US shale drillers feel the financial crunch
The financial pain from lower oil prices is taking its toll on shale producers
The market is good for merging but activity is quiet
As Brent hits a six-year low, assets should be correspondingly attractive. However, apart from defensive mergers and portfolio rationalisations, M&A activity is quiet
Ghana is attempting to stabilise economy amid low oil prices
Ghana is seeking to boost investment in its oil and gas industry, as misjudged government spending, infrastructure delays and low prices dull the optimistic mood
Browse floating LNG gains traction
Woodside is increasingly confident on a Browse floating LNG (FLNG) final investment decision in late 2016
Chief Executive of Santos steps down after falling profits
The Australian company is facing increasing debt and a takeover is on the cards
Schlumberger pays $14.8bn for Cameron
The oilfield service companies will merge as the transaction is completed in the first quarter of 2016
Total sells UK midstream assets
After the sudden drop in oil prices last year, Total is cutting costs to raise funds
KRG promises September payments to IOCs
The Kurdistan Regional Council for Oil & Gas Affairs expects the first tranche of regular payments to be made available to IOCs in the first half of September 2015