Dec 2017

Cuts extended to end-2018, but with a built-in escape hatch—and an implicit threat to other producers

Regulators have won high praise from the industry for progress to date, but the oil opening is still in its early days and fresh obstacles lie ahead

Harald Welzer's predictions in his book Climate Wars may be intellectually sound, but we hope he's wrong

ExxonMobil bet big in the Campos Basin, but foreign interest was tepid and just 13% of blocks drew winning bids

The December 2017/January 2018 issue of Petroleum Economist is out now!

Greece's drive to attract investment to the hydrocarbons sector is gathering momentum

Elections next year in Venezuela, Mexico and Brazil have pivoted politics to the region’s fore again. Can it break the self-destructive resource-nationalist cycle?

The region has seen a decade of surging crude consumption come to a crashing halt. Refining woes mean imports are still on the rise

The country's latest licensing round failed to lure IOCs to its upstream

The country's energy sector faces yet more paralysis as its crisis deepens

The country’s energy sector faces yet more paralysis as its crisis deepens

Will blockchain overcome the hurdles in its way to transform the industry?

Oleg Budargin, Vice Chairman of the World Energy Council and former CEO of Rosseti, the biggest energy networks operator in Russia, tells World Energy Focus why it is important for countries to work together in the field of energy integration

Eager to emulate its neighbours' success, the country is striving to reinvigorate interest in its deepwater potential

The crisis is hurting the GCC as a whole, economically and politically, while the targeted country is hanging on

A few years ago, gas exporters thought the Southern Cone would become a huge new market. Not likely

A second facility will start supplying the fuel to international markets as American liquefied gas shipments gather pace

Long a renewables powerhouse thanks to its vast hydropower plants, Latin America is making a big push into wind and solar

The country’s main gas-producing field is to get a costly makeover, extending the life of North Sea developments

Despite, or perhaps because of, the economic blockade, Qatar plans to expand LNG production by 30%

Qatar's oil strategy is to stem further production declines, as it tightens its economic belt and keeps the investment focus on natural gas

Genuine gains have been made, but the industry will need further technological breakthroughs to overcome the geology

It's hard to see how the Opec-non-Opec agreement would survive a steep decline in Venezuelan oil output in 2018

Outlook 2018 is out now!

The sovereign-wealth fund is a good idea—now it just needs some wealth to manage. The FMP’s executive coordinator spoke to Petroleum Economist

While Egypt's gas output is set to soar, Cypriot and Israeli exports are being curtailed by regional politics and low prices. It's a mixed outlook for East Mediterranean gas

The country’s political parties are vying to see what aspects of their various energy policies they can squeeze into a coalition package

The country has committed itself to reducing the volume of associated gas that’s flared at oilfields

The cuts were extended—but with a built-in escape hatch and implicit threat to other producers

The company's bottom line suffered when crude prices crashed in mid-2014, but a landmark maritime boundary resolution should lead to a welcome boost for company revenues

Europe may be pushing to diversify gas imports, but two surprise supply shocks have put the sector on edge

The latest forecasts from the IEA and Opec offer very different pictures of the oil market next year

The crown prince’s domestic and regional policies are taking the kingdom along several new and uncharted paths

A shale sector that emphasised returns over production growth would be a win from both shareholders and oil markets

A proposed grid resiliency rule would subsidise coal plants, at the cost of gas and renewables

The UK's oil and gas sector has been the focus of some sizeable asset acquisitions recently, but uncertainty over the terms of the country's withdrawal from the EU is confusing the outlook

In the absence of the US, developing countries stepped forward at COP23, as progress on the “Paris rulebook” inched ahead

Russia's largest privately-owned oil producer hopes its new long-term strategy will help maintain its status as a market favourite

The pipeline maker is seeking to capitalise on a profit recovery in its North American operations, driven by the upturn in the shale sector