May 2015

The long-drawn out corruption scandal at Petrobras has cost it and Brazil dearly

Companies are holding off until prices recover to $65 per barrel

Traders believe the market may balance by the end of 2016, but until then the future is uncertain

As oil prices have recovered in recent weeks, oil market watchers have been trying to work out when US shale producers might start turning on the taps again

The country's new president promises reform in oil policy and a war against the corrupt practises in the African nation

The 2014 figures were spurred on by the ruble, but the problems continue

The stunning victory for the NDP in the Canadian province's election will probably be less significant for the oil patch than many in the industry fear

Though the country has suffered from the downturn they will not agree to change their policy

The large find is in Mauritania and is part of the Greater Tortue complex

The stunning victory for the NDP in the province's election will probably be less significant for the oil patch than many in the industry fear

The deal for a second gas pipeline supply could have consequences for the Asian LNG sector

Ali Naimi’s oil ministry will no longer be the driver of the kingdoms’ energy strategy, which will reflect broader geopolitical goals. Even the policy of maintaining spare capacity may be up for grabs

Delegates at the Asia Oil and Gas Conference heard that optimism is high for the region’s future

Petroleum Economist talks to Dr Fereidun Fesharaki, chairman of consultancy Facts Global Energy, about the future of the energy industry

James McCallum, chief executive at energy services company LR Senergy, a part of Lloyd’s Register Group, believes this is a defining moment for the energy industry. He tells Petroleum Economist why

Optimistic views were heard at the conference amid uncertain times

Malaysian Prime Minister urges AOGC delegates to innovate and reform to spark more growth

A panel of analysts discussed the issue at the AOGC’s Energy Hotspot session on Monday

Industry experts have told the Asia Oil and Gas Conference that companies need to get used to lower oil prices

The companies have started drilling at their joint pilot project in the Vaca Muerta shale

Chairman of the Facts Global Energy consultancy revealed the figures to delegates at AOGC 2015

The monarch has moved quickly with senior appointments designed to see off threats - at home and abroad - to the Kingdom’s stability

The narrow range has been in play since April while contradictory views have been pulling and pushing at prices

Data from the International Energy Agency has showed growth in global oil supply

Pessimism over the oil price reigned at this year’s Asia Oil and Gas conference, in the Malaysian capital Kuala Lumpur, but some argued that the downturn could yield benefits for the industry

The news comes as part of a study by DuPont as countries begin to switch to sulphur-free gasoline

The Middle East and North Africa is a gas-rich region, yet many countries there are becoming increasingly reliant on gas imports from elsewhere in the world. Robin Mills explains how this state of affairs has arisen and looks at what needs to be done, if the trend is to be reversed

The oil-export deal between the Kurds and the rest of Iraq is working, in part, but complexities and differences still bedevil it

Prices need to fall again if the group's strategy to regain market share is to work

Australia's coalbed methane-to-liquefied natural gas (CBM-to-LNG) projects have generally drawn a bad rap from the wider industry. But they are proving more successful than the nation’s conventional LNG schemes, energy research consultancy Wood Mackenzie said

The sector has yet to fully find its feet following the collapse of oil’s latest bull run.

Venezuela’s economy is cratering but the state firm has a new development strategy for its heavy oil play

After a decade of rampant growth, the Chinese economy is cooling. The way the country uses energy is changing too

Shifts in China’s economy mean the days of fast-paced consumption growth are nearing an end

The country is poised to be a pivotal player in global gas markets as demand surges

The country’s oil giants aren’t in the rosiest financial health, but remain ready to scoop up assets elsewhere

The country’s huge reserves are not living up to their promise

ExxonMobil’s discovery offshore Guyana has renewed hopes that a stretch of waters off Guyana, Suriname and French Guiana will emerge

Talks have been held as Beijing faces increasing pressure to change the industry

The country has a long way to go to reach its 2020 Strategic Petroleum Reserve target