Aug 2019

Geopolitical problems and surging global LNG output mean that East Med gas reserves will struggle to reach markets outside the region

Project is the centrepiece of a strategy that promises to generate more than half of its electricity from renewables by 2030

The July/August 2019 issue of Petroleum Economist is out now!

The Gulf country’s first LNG import facility remains in commissioning

Tankers are crossing sea-lanes and hugging the coasts to avoid high-risk areas in the Strait of Hormuz

Parties less favourable to Canada's oil industry make gains

Prolonged evacuation bottleneck has delayed cross-border flows from the key US basin

Renewables and gas benefit from new rules at the expense of coal

Western military protection for its tankers is expanding, but unconventional tactics remain a threat

The French oil and gas major refuses to be eclipsed by shale

Brazilian company re-evaluates spending strategy while focusing on divestment

LNG exports pose attractive proposition for Israel, restricted by limited pipeline export outlets

Higher prices more than offset Western Canada restrictions on production

Coal pays for its greater carbon intensity in a rising European CO2 price environment

Exploration in the region may lead to the partial revival of the UK Continental Shelf

Individual GCC states have settled on convoluted ways of distributing natural gas due to a lack of cooperation

The private equity model targets the potential remaining in Norwegian waters

Sceptical agencies consider further cuts to their ratings of the company's debt

Success in the country's first major non-associated gas project, and continued pent-up demand, are propelling efforts to increase output

Potentially wavering support from a key ally and the need for Strait of Hormuz alternatives may force the Kingdom's hand

Major oil companies in the region identify key opportunities for retail growth

Major oil companies in the region identify key opportunities for retail growth

The Canadian province's new regime sees a way to pivot from a potentially costly repeal threat

The fate of the Eagle Spirit Energy Corridor will either be decided in the courts or by the October general election

The company boosts key investor metrics, suggesting it has renewed its appetite for an IPO

The French major has teamed up with local partners for an FSRU project, although history suggests challenges could remain

The national oil company has begun several large scale projects to return the Emirate to gas self-sufficiency

There are signs that European operators and refiners are getting comfortable with inventory levels ahead of the IMO 2020 switch

North American crude output is exceeding storage capacity and driving a storage construction boom

The island nation's government awards certificates to two more planned import facilities

The government has progressed on freeing Petrobras from its unwanted dominance of the domestic gas market

The Omani firm hopes to bring learnings from its Netherlands’ acquisition to bear on its entry into the UKCS

Extensive use of term contracts has protected utilities from the cost of extreme weather but looming nuclear shutdowns could leave them exposed

The US and Iran have thus far reacted to a string of provocative moves more in word than deed, but the potential for miscalculation is high

Two gassy Europeans, two shale-obsessed Americans and one in between is too simplistic a division

Xinjiang has potentially huge untapped reserves, but exploration in the desert province presents complex geological and political challenges

South America's most exciting new province has yet to call an election, despite first oil rapidly approaching

The Russian producer looks on track to achieve its production growth targets

Chinese exports from its refinery overcapacity to increase Asian market disruption

Two major new crude pipelines out of the Permian Basin entered service this month, but while this provides some relief to producers, it shifts the congestion to the Gulf Coast

Market backwardation and IMO 2020 adjustments balance storage trends

New import facilities progressing despite spare capacity in existing infrastructure

Prospects for a first licensing round in almost a decade will be buoyed by new finds

Venture Global takes the third Gulf Coast export FID of the year, even as questions over pricing grow

The money spent subsidising renewables would be better used funding research into carbon capture and storage

The creditworthiness of independents is falling. Barely-positive cash flow and weak enthusiasm for consolidation may not be enough to save them

President Emmanuel Macron of France has offered himself as a broker in the US-Iran Gulf standoff, but the chances of an agreement are small

The Qatari NOC is betting on the promise of Total’s Orange Basin play

The provincial government has made major changes to timeframes and volumes

Eni has said nothing, but early optimism about the extent of the Nour gas discovery has faded

Sub-$60/bl Brent, a rising budget deficit, soft foreign direct investment and subdued growth in the non-oil sector all drag on Vision 2030

Capital is being attracted to emerging market renewables and gas-fired power projects to profitably and effectively mitigate climate change