Sep 2019

The September 2019 issue of Petroleum Economist is out now!

A flurry of responses to a proposed change in pipeline capacity allocations has compelled the new authority straight into action

Former President Obama special assistant Jason Bordoff says that government and industry need to work together to tackle climate change

Staggered 25-year deal could mark seismic shift in the global hydrocarbons sector

Israel's clustering approach resulted in the majority of blocks being awarded but the neighbouring Lebanese auction faces tougher challenges

The UK-Dutch major stresses an ongoing commitment to its home waters, but with conditions attached

IOCs would benefit from taking a prominent role in the transition and face capital flight if they do not, says former UNFCC leader

The country leads the world in embracing electric vehicles, but this does not necessarily mean domestic demand for oil will decline anytime soon

Saudi oil giant's chairman exits as preparations for a partial sell-off limber up

Enquest pays off first loan issued in innovative North Sea financing deal

The frontier oil province is set for yet another significant investment opportunity. But political uncertainty is just one of the many myriad challenges the country faces before first oil

The Transfer of Rights Surplus Bidding Round promises to attract a bevy of international players and generate enormous rewards for the government

Report finds investments will not deliver adequate profits if carbon emissions are limited to a level that keeps global warming 'well below' two degrees

A new ministerial appointment may indicate growing Saudi impatience with its Opec+ allies

Global supply glut sees Dutch facility receive more cargoes than ever before

Industry warned it must begin developing technology now to comply with IMO 2050 zero carbon emissions target

The UK independent is in no mood for giving up on acquisitions after a major deal last year

Electrification and changes to the energy mix, if supported by governments, would mean climate goal is within reach—DNV GL

PE-backed Siccar Point sees recent ownership changes in West of Shetland assets as useful re-organisation

Election winner faces a surfeit of problems capitalising on Vaca Muerta potential

Russian pipeline imports are flexed lower in an effort to profit from LNG supply glut

The 2018-19 production surge fails to excite shipping

More vessels are under construction than the entire existing fleet as IMO 2020 looms

Following FID on Arctic LNG 2, the low-cost Russian producers sees itself well placed to benefit from the energy transition

The devastating attacks on Saudi Arabia's oil sector have left the kingdom and its allies dazed

Algeria's state-owned oil and gas firm looks to new developments for a potential boost to LNG exports while meeting demand at home

Texan LNG project developer sees advantages that give its Rio Grande LNG facility the edge

Producers will need to aggregate demand from around the world to get projects over the finishing line

Australian producer seeks to lock in volumes to underpin Pluto LNG expansion

India and Pakistan are both adjusting policy and regulation to stimulate gas demand

A search for scale and diversity is likely to motivate corporate moves

Up to $300bn is needed for associated gas evacuation to maintain shale production

Affordability and increasing flexibility could underpin double-digit growth, say bullish developers of supply

Major’s two new projects have characteristics to set them apart from the pack

Regime commits further capital to reverse waning crude production

Inaugural ExxonMobil Power Play Awards build on success of networking initiative

One of Egypt’s two liquefaction plants will back to full operation next month

Development of LNG trains central to bridging rapidly expanding import gap

Portfolio players and vertically integrated firms are transforming the way the industry operates

The German gas wholesaler has expanded its reach far beyond its traditional European pipeline market

The kingdom sees Iran's hand behind the recent attacks but is holding fire for now

An enhanced regulatory and fiscal framework appears to be attracting IOC and NOC exploration interest

A new biography of Calouste Gulbenkian portrays him as a formidable behind-the-scenes fixer, rather than a fuel fanatic

A post-2014 shake up has revitalised the basin, but challenges remain for private equity investors looking to exit, says RBC

The oil facility attacks highlight potentially fatal vulnerabilities in Saudi Arabia’s critical infrastructure

Europe’s congested gas market sees Norwegian sales drop to an almost three-year low

Vopak will continue with its oil business but it sees growth in LNG and chemicals

Timor-Leste is caught between the competing interests of two major Asia-Pacific powers

Private equity backing ensures CNS player has a war chest for future acquisitions

Russian leader challenges Gazprom reluctance to accept China’s preferred route for proposed new gas pipeline

Washington’s desire to limit Iranian influence in Iraq may leave its Volga Group sanctions looking hollow

The East African country exports its first consignment of oil while Tullow prepares for 2020 FID

Saudi Arabia faces a variety of challenges emanating from the attacks on its oil installations

Australian upstream projects to extend LNG plant lifespans will need to consider carbon emissions impacts

Kosmos and BP have found more gas in Senegal, but further LNG exports will have to wait

The major has embarked on a significant PR drive around its commitment to the energy transition

Further North Field expansion tenders are out, as Qatar sends strong signals to potential partners that it can go alone

The post-Tiananmen Square compact of rising living standards in return for political obedience may prioritise affordable residential energy over blue skies