Oct 2015

China has not lost confidence in the oil producer despite price slump and falling crude output

Award winning author of The Prize, Daniel Yergin, says Kazakhstan needs to change what they're offering to secure investments

After a disappointing first auction, Mexico’s historic oil opening regained momentum with a successful second bid round on 30 September

The well-head gas price has dropped to $3.82/m British thermal units (Btu) which could discourage investment in the fields

Gazprom CEO Alexei Miller has signed long-term agreements with Russian equipment and pipeline manufacturers

Energy minister's aim is to increase the share of renewable energy to 30% and to reduce that of natural gas to 70%

The market for upstream acquisitions is good with low asset values but chief executive Rex Tillerson said the company's criteria was unchanged

Iran will add at least 500,000 barrels/day to production “within a few months” of sanctions being lifted

The Trans-Pacific Partnership (TPP) free trade deal was signed on 5 October, making it easier for US LNG to expand to new markets

Brazilian oil industry suffered the worst result in a decade, with only 37 of 266 blocks awarded

Hamburg-based DEA, said on 14 October it will pay $1.6bn to German utility E.ON for its Norwegian upstream business

The Spanish company plans to sell off assets by 2020 and cut capital expenditure by 40% in order to reduce debt

Asia’s burgeoning green growth not yet enough to topple king coal

The timing of renegotiation of fiscal terms for offshore production-sharing contracts (PSCs) signed two decades ago is questionable for state-owned NNPC

The price rise followed the maiden shipment of LNG from its $18.5bn Gladstone LNG export project

Takeover opportunities abound for ExxonMobil if it chooses to pull the trigger

The majors have seen their refinery fortunes rebound this year. But the super-refineries in the Middle East and Asia and rising ethane output in the US continue to put pressure on refiners to change their ways

Kuwait announces plans to raise oil production capacity from around 2.9m barrels/day to 4m b/d by 2020

David Carroll, president of the International Gas Union, talks about the benefits of gas as the IGU readies for COP21

David Carroll, president of the International Gas Union, talks about the benefits of gas as the IGU readies for COP21

One of the world's biggest exporters of LNG is looking to buy 5-10m mt/year of the super-cooled fuel by 2020 to help meet surging demand at home

The approaching COP 21 talks in Paris have focused the minds of Europe’s energy producers and consumers on future regulations and their own competitiveness

Injections into Ukraine’s underground storage were exceeding 80m m³/d as PE went to press – good news for its western counterparts who depend on the reliable transit of Russian gas through Ukraine

The UK’s National Grid is having to enlist the support of standby generators and big consumers for the second year running

Following several rounds of negotiations, Venezuela and Trinidad will trade gas

The country has come a long way, materially, since the Soviet days, thanks to its long-established president. But like many other oil-dependent states, its immediate future is looking less certain

Work on the 26.6bn cm/yr Polarled line is now done. It is the first pipeline on the Norwegian continental shelf to cross the Arctic Circle

Justin Trudeau led his Liberal Party to a surprisingly strong victory in Canada’s national election on 19 October, ending the Conservative Party’s decade in power

Oil major Shell hasn’t been won over by Mexico’s oil reforms yet, with much public sector work to be done

Australia’s Santos has rebuffed a A$7.14bn ($5.15bn) takeover bid from Middle Eastern private equity group Scepter

The UK has admitted China into its power-generation market, allowing it to take a stake in the Hinkley Point nuclear plant

The Hungarian MOL Group is spreading its upstream risk more evenly, balancing growth in the relatively stable North Sea

State firm NOC says it can recover output quickly and add to capacity, but some believe the country’s political disintegration makes this unlikely

Some aspects of European energy markets continue to surprise, even after a decade or so of intended competition across the continent

Buyers moved in as the price fell, but the IEA is forecasting the length to continue for at least another year

The company will divest almost 50% of its gas distribution network as part of the portfolio shake up

Yantai Xinchao is to buy oilfields in Texas’s Permian basin from producers Tall City Exploration and Plymouth Petroleum for around $1.3bn

Charif Souki, the chief executive of Cheniere Energy, said LNG prices need to rise another 20-25% to sanction new projects

Governments should not count on oil prices remaining low when deciding their energy policies the head of the International Energy Agency (IEA) has warned

A budget deal struck by US House Republicans and the White House would see millions of barrels of crude from the Strategic Petroleum Reserve (SPR) sold

The company said the increase is a result of Ghana's operated Tweneboa Enyenra Ntomme (TEN) development

Gabon officially launched a 2016 offshore bid round, offering five deep fields targeting a reversal on production slowdown, the country’s petroleum and hydrocarbons minister said

Shell has reported a third quarter loss of $6.1bn - net of $8.2bn of upstream writedowns and charges linked to its unsuccessful Arctic drilling