Petroleum Economist
April 2019
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Gulf states' cooperation quest falters
The GCC will struggle in 2019 to resolve the many issues that divide it and threaten its survival
China urges LNG industry to deepen collaboration
Chinese industry players say LNG will continue to face competition from other fossil fuels and renewables if the industry cannot work together on commercial challenges
Qatar hands McDermott role in LNG expansion
Qatar Petroleum's new mega-trains project is gaining momentum
Saudi exit strategy
The Kingdom faces a tough task to extricate itself from the ongoing war in Yemen
Libya's oil fields fall into Haftar's hands
The latest military moves leave the government in Tripoli increasingly under siege
Petrobras breathes easy
Brazilian company posts best financial results since bribery scandal
BP's Dudley warns on LNG trade war vulnerability
Insecurity in global trade flows could have a particularly damaging impact on confidence in LNG as an energy source
LNG projects face new financing and pricing risks
Changes in LNG pricing structures and contract length could shift some risk from buyers to sellers
Mozambique attack highlights LNG project dangers
Violence raises question marks over safety at planned Anadarko and ExxonMobil facilities
Treasures in the basement?
Untested geological formations known as ‘fractured basements’ could be hiding a vast store of hydrocarbons, but explorers need to overcome logistical challenges and industry scepticism
Rattray could hold the last great North Sea oil reserves
Vulcanism was supposed to have scuppered the oil potential of a large area of the central North Sea, but academics say it may be worth another look
ExxonMobil's Midas touch
Guyana’s exploration success shows no sign of slowing. But the promise of oil revenues is also driving political division
Petrobras breathes easy (1)
Brazilian company posts best financial results since bribery scandal
Pakistan's energy headache shows no sign of lifting
Gulf and Chinese cash will not solve Pakistan's oil and gas crisis as domestic demand continues to rise
Majors and US independents leave southeast Asian gap
A rush to US shale has left opportunities for others in areas left behind
Dated Brent gets another makeover
The world’s most important Fob oil benchmark will get a new Cif element from October
JKM comes of age
Exchange traded contracts settling against the Platts’ Asian LNG marker are on the rise
Equatorial Guinea throws down the gauntlet
The west African state’s hopes of restoring oil output rest on the reception given to its 2019 licensing round
Energy transition fears drive short-term focus
The world will still need oil and gas for the foreseeable future. But concerns over how much and for how long are stifling investment
Wrong way on Wall Street
Lack of access to capital markets could have consequences for US oil production
IMO 2020 effect disrupts fuel oil contract renewals
A traded market trying to price in uncertain IMO 2020 implications is wreaking havoc with term contract negotiations
Cheap gas stalls EU's carbon price revival
A slump in gas prices has contributed to the denting of the previous rally in carbon prices
Tap on track
The Caspian gas pipeline to feed into Europe has secured its project financing
Wintershall-Dea no guide to future IPO performance
Post-merger momentum contrasts with wider industry cynicism over energy IPOs
Anadarko battle heats up
Occidental’s hostile counter-bid throws a potential spanner in Chevron’s big Permian bet
Canada at a crossroads
Regional election in the country’s largest oil producing province will have lingering impacts on national energy policy for years to come
Petronas on an upward trajectory
The company is balancing its upstream ambitions with government debt obligations, while finalising a key domestic downstream project
Qatar carries on regardless
Nearly two years after Saudi Arabia and the UAE imposed an economic and political boycott on Qatar, the Gulf state is pressing on with LNG expansion plans
Cyprus ponders gas monetisation options
New natural gas discoveries offshore Cyprus have revived the possibility of the island hosting an LNG plant
Egypt looks to LNG quick fix
Off-take agreements complicate Egyptian option
Chinese shale struggles to get moving
The Asian giant is having difficulties emulating the US shale gas revolution, but is determined to keep developing its own resources