Apr 2020

LNG is making a contribution to a cleaner energy future. Diverse workforces have their part to play as well.

LNG is making a contribution to a cleaner energy future. Diverse workforces have their part to play as well.

The economic viability of LNG projects was undermined by crashing global energy prices and the problems are being compound by IS-linked militia attacks

The major’s step away from a brownfield project should ring even louder alarm bells for greenfield sites

The April 2020 issue of Petroleum Economist is out now!

The demand impact from widespread lockdowns causes an immediate demand headache. But longer-term structural obstacles remain

Developers have begun delaying new gas projects in response to oil price pressures and further capex cuts may be necessary

Oil producers in the country have relatively low upstream costs and greenfield projects ready to roll

North America's storied oil history highlights lessons that need to be learned in the current economic crisis

The Denver-based shale company’s bankruptcy notice is likely to be the first of many among US producers

The market was already enduring a difficult 2020—and the Covid-19 outbreak will test it to its limits

With international oil prices at nearly two-decade lows, Asia’s oil and gas developers have begun to review their capex budgets as they strive to weather the downturn

The level of investment in the Net Zero Teesside project will be instructive as to how seriously BP and other majors are taking their recent emissions pledges

The level of investment in the Net Zero Teesside project will be instructive as to how seriously BP and other majors are taking their recent emissions pledges

Billions of people under quarantine and a global shutdown of business operations is devastating company finances

The removal of restrictions on onshore wind will reduce costs and emissions. It may even tempt the majors to diversify into the sector

The removal of restrictions on onshore wind will reduce costs and emissions. It may even tempt the majors to diversify into the sector

Africa will experience deep cuts and long delays to discretionary capex. But preparatory work continues for when the market recovers

Two of the three most anticipated project green lights are postponed and a third looks at risk

KRG producers face both global and local headwinds to their expansion plans. At least it’s not their first time round the block

LNG spot trading is setting new records and in its ‘true’ form has more than doubled since 2016, according to the latest data from GIIGNL

The devaluation of the rouble has been seen as insulating Russia during any sustained price war. But it may not be sitting as comfortably as thought

Russia and Saudi Arabia blame each for the initial Opec+ breakdown. Will necessity trump naked ill-will this week?

Brazilian company revises spending and downgrades production from high-cost assets to lessen financial burden

Players have moved more swiftly and in different ways to react to the current oil price slump compared to previous downturns, panellists tell PE Live

New Siemens oil and gas CEO Thorbjoern Fors says that every fuel source and technology should be in the energy mix as the world economy strives towards carbon neutrality

BP has declared force majeure for a FLNG vessel at Grand Tortue Ahmeyim and Woodside is reviewing cuts and delays to Sangomar

A promised rejuvenation of the hydrocarbons sector and state oil company has been stopped in its tracks

Partners in Mozambique project could seek further cost cuts as global revenue slump looks set to endure

The emerging economy’s surging demand proves it is not all doom-and-gloom for US exporters

Regional outlier initially baulked at Opec’s demand to scale back barrels, before bleeding oil revenues forced a rethink

Depressed prices and the availability of previously out-of-reach assets may encourage the largest firms to relax their cautious approach, say PE Live panellists.

The province is seeing a sharp rise in the number of inactive wells without operators, and the problem will be expensive to fix

Socar and Equinor’s 440mn bl discovery in the Caspian could mitigate declines at Azerbaijan’s major fields

Latin American nation becomes latest upstream hotspot on further exploration success

Implementing the energy transition is as much about constructing infrastructure as developing technology

Storage logistics have never been more challenging, playing to oil traders’ strengths. Pure producers’ structural lack of patience may only assists them

Gas is currently the main casualty of Abu Dhabi’s more cautious approach. But that may be only in the short-term

Chesapeake, Callon and Oasis Petroleum have all announced reverse stock splits, highlighting the parlous financial health of the sector

The increasing volume of intermittent renewable energy on the grid means that gas peaking plants will provide an answer

Major shows that distressed-seller opportunities are out there for buyers with more robust balance sheets

Only developments with both low breakeven costs and favourable locations are likely to proceed for the foreseeable future

The declaring party will need to demonstrate a causal link between the pandemic and the reason it is unable to fulfil its obligations

Record low oil prices are compelling the state to consider proration. But greater measures may be needed to stave off financial ruin

The kingdom may consider it has prevailed over Russia and US shale producers in the short-term, but its longer-term prospects are clouded in uncertainty

Yamalo-Nenets joint venture with Gazprom Neft falls victim to capex cuts

Co-owners Shell and PetroChina take FID, against the global trend, to cover looming Australian east coast supply shortfall and feed LNG exports

The oil’s industry path back to health should not focus on capex reduction

Progress continues to be made on driving down costs to help LNG meet the industry’s dual challenge

Progress continues to be made on driving down costs to help LNG meet the industry’s dual challenge

As the Covid-19 pandemic continues to disrupt our daily lives and the economic landscape changes, we must not lose focus on other important issues within our industry

As the Covid-19 pandemic continues to disrupt our daily lives and the economic landscape changes, we must not lose focus on other important issues within our industry

The global LNG business grew much larger and more flexible during 2019. But it must now confront unprecedented challenges

LNG accounted for more a quarter of Europe’s 2019 gas imports in 2019. But it cannot be complacent about the region’s demand

Several provinces around the Yangtze River Delta are developing importation and distribution facilities

By the time blue hydrogen projects can be completed, the cost of producing green hydrogen may have become lower

Total’s project is at the heart of the country’s Covid-19 outbreak, after an infected worker travelled from Maputo to remote Afungi facility

Diversified PTTGC is strong enough to wait for Chinese product demand but others may suffer

The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses

Companies need to obtain legitimacy, credibility and trust before embarking on a project that will impact the lives of many people

Financing the transition to a low carbon economy is being made even more difficult by the steep decline of low oil prices

The technical expertise of the offshore oil and gas industry makes it well-placed to diversify in the booming global market for wind generation in deep water

Oil and gas companies must rapidly adapt to declining long-term demand or they will face stark financial consequences, asset management giants warn

After April’s unprecedented negative futures contract pricing, there is every chance of more volatility to come