Jul 2015

Rainer Seele has plenty of work to do thanks to the oil price and legacies of the past

June was a busy month for governments and the energy industry the world over. The run-up has now started to the year-end climate-change conference in Paris

Lancashire County Council rejected both applications from Cuadrilla to produce gas from shale deposits deep underground in northwest England, despite receiving advice from its planning division to approve one of them

Despite the fall in global commodity prices, the US keeps producing. This is due to the ‘portfolio effect’ and better technology

The tolling model used by the US’ new LNG exporters means buyers must be careful with their due diligence

Drivers, builders and refiners are gorging on cheap oil and making the most of the market

An obsession with production growth has made way for cost cutting as the low oil price continues

Outdated rules stop US producers from exporting crude oil to most countries - exporters believe a change is overdue

The price plunge is testing the resilience of the world’s biggest oil producer

Cheaper energy prices will slow but not stop the American oil and gas revolution

Despite the fall in global commodity prices, the US keeps producing. This is due to the ‘portfolio effect’ and better technology, show Philippe A. Charlez of Total and Pierre Delfiner of PetroDecisions

Iran’s bureaucracy has been nervously watching the unfolding negotiations with the P5+1 group of global powers

The state oil company faces a difficult future and has been forced to rein in its ambitions, shelving field plans and cutting output forecasts

The companies met in July to discuss collaborating on the Nord Stream pipeline

The company will no longer lay the first line of subsea pipeline South Stream

Shale-gas drillers are struggling to cope with the cheap prices brought by their onslaught of supply

Cost cutting, not production growth, is now the sector’s obsession

The price plunge is testing the resilience of the world’s biggest oil producer

The clinching of the Iran nuclear deal in Vienna paves the way for the Islamic Republic’s re-emergence into the global oil market – if it gets past its opponents

The government has cut production to curb damage to the region's buildings

Service companies are especially vulnerable when oil prices fall, as orders dry up and they have little to hedge with in the short term

The Dutch government has further cut production from the giant Groningen gas field in order to limit damage to the buildings in the region

EIA has released figures showing a major victory for natural gas producers

Oil services company hopes for improvement next year after bad Q2 results

Supply is up and prices are low - the end of 2015 will not bring a revival of crude markets

Ukraine's biggest crude and second biggest gas producer is in popular demand from the government and financial company Privat Group

The UK explorer is challenging the council's decision to refuse permission to explore gas in two sites in the county

Goodrich Petroleum sold 13,000 acres in a bid to pay down debt and battle low oil prices

With the startup of the Perla gasfield, Venezuela has halted gas imports from Colombia and plans to reverse the flow of gas through the Antonio-Ricaurte pipeline

In its first licensing round since 2011, the nation is calling for bids on 10 blocks by 18 September

BP has closed the darkest chapter in its corporate history with an $18.7bn settlement deal over the 2010 Macondo disaster

A UK utility has committed to spend the money on upstream gas assets

US shale producer Goodrich Petroleum sold off a chunk of its Eagle Ford acreage in an $118m deal in late July as the cash-squeezed producer looks to pay down debt and fortify itself for a period of low oil prices

Up by 21 from last week, the US rig count shows shale executives are eyeing a return to growth

Saudi Arabia is pumping oil at record highs, Iranian supplies are about to hit the market, Iraq’s exports from the south are beating expectations and, across the Atlantic, North American oil production continues to rise