Petroleum Economist
Baker Hughes and C3.ai launch AI app to optimise production
BHC3 Production Optimization promises to visualise, analyse and optimise upstream oil and gas operations
Baker Hughes and C3.ai launch AI app to optimise production (1)
BHC3 Production Optimization promises to visualise, analyse and optimise upstream oil and gas operations
OFSE sector steps up to carbon challenge
Services firms have challenges but also opportunities in both reducing footprints and leading standardisation
OFSE sector steps up to carbon challenge (1)
Services firms have challenges but also opportunities in both reducing footprints and leading standardisation
The CO2 reduction perception challenge
The need to be seen as a proactive leader in carbon reduction is as important, if not more so, than achieving climate-change targets
The CO2 reduction perception challenge (1)
The need to be seen as a proactive leader in carbon reduction is as important, if not more so, than achieving climate-change targets
Baker Hughes doubles down on zero carbon pledge
CEO Lorenzo Simonelli sets out his low carbon vision based on artificial intelligence and other advanced technologies
Baker Hughes doubles down on zero carbon pledge (1)
CEO Lorenzo Simonelli sets out his low carbon vision based on artificial intelligence and other advanced technologies
Scotland sets out challenge of further decarbonisation
Gains from renewable power generation will difficult to repeat from domestic heating efficiency and transportation
Scotland sets out challenge of further decarbonisation (1)
Gains from renewable power generation will difficult to repeat from domestic heating efficiency and transportation
Permian output growth stutters
Sluggish production increases could trigger new wave of bankruptcies among operating minnows
Abu Dhabi oil boost gathers momentum
Projects aimed at delivering ambitious production growth are gathering pace
Power play in West Africa
The countries in the region would all receive an economic boost if a regional power market can be established
Shell: Customers will drive the energy transition
Technology can empower end-users to determine their carbon emissions and influence the pace of climate change, says major
Shell: Customers will drive the energy transition (1)
Technology can empower end-users to determine their carbon emissions and influence the pace of climate change, says major
Heavy hitter searches for global reach
Al Njoo, chairman of the heavy oil-focused Benchmark Group and its subsidiary Madagascar Oil, is seeking to put the Indian Ocean island on the global hydrocarbons map
Deepwater emerges from its slumber
The post-2014 investment decline can be fully arrested if processes are standardised and regulators become more responsive
Carbon audits to ease stranded asset fears.
The calculation of carbon intensity can be the starting point for making even seemingly uneconomic fields viable
Carbon audits to ease stranded asset fears
The calculation of carbon intensity can be the starting point for making even seemingly uneconomic fields viable
Kazakhstan to step up petchems effort
The Central Asian oil, gas and coal producer is attracted by demand projections for petrochemical products, while it ultimately aims to decarbonise domestic power generation
Kazakhstan to step up petchems effort (1)
The Central Asian oil, gas and coal producer is attracted by demand projections for petrochemical products, while it ultimately aims to decarbonise domestic power generation
Equinor sets out its renewables vision
The Norwegian oil and gas firm gives its New Energy Solutions division significant CMD airtime
Annova LNG grinds forward
A recent pipeline access agreement is a step forward for the Gulf Coast LNG export project, but an FID still faces obstacles
US DoE aims to double oil and gas production rates
Fossil energy secretary puts his faith in technological development to boost output and CCUS to ultimately reduce emissions
US DoE aims to double oil and gas production rates (1)
Fossil energy secretary puts his faith in technological development to boost output and CCUS to ultimately reduce emissions
Financial institutions go green
Lenders shift towards cleaner investments to align with Paris Agreement targets
Canada takes methane emissions reduction lead
The country’s oil and gas industry, often maligned for an overall high carbon footprint, is setting the pace on a GHG hot button issue
Baghdad targets greater gas security
As US-Iranian tensions threaten energy imports, Iraq is ramping-up domestic gas development
AI takes aim at shale margins improvement
Poor levels of profitability in shale are prompting a search to use artificial intelligence (AI) to improve the efficiency of production and improve the bottom line
Why major oil and gas projects go wrong
The underlying causes of disruptions and disputes could be moderated by improving contracts, audits and controls
Somalia ratifies petroleum law
Final stage in the legislative process paves the way for IOC investment
Saudi gas drive goes unconventional
Aramco’s gas development is stepping up a gear after several false starts
US heavyweights feel the squeeze
Financial results suffer as erratic global politics and abundant supply sends energy prices tumbling
Tanzania’s LNG hopes on a knife-edge
Delays to talks over Tanzania’s planned LNG export facility are putting the project’s future in jeopardy
Demystifying digitisation
Designing a digital transformation strategy can be easy, if firms choose the right partner and take a pragmatic approach
Spotlight on Guyana’s impending oil wealth
As ExxonMobil ramps up production from the Liza project, election buzz has caused murmurings that contracts should be renegotiated
Bahrain’s gas plans remain in flux
Completion of an import terminal has not ended the kingdom's gas dilemmas
Row engulfs Canadian oil sands project
Battle lines are drawn as the contentious Frontier project awaits ultimate verdict
Gas a bridge to nowhere
The fuel without a CCUS solution is reaching a “dead end” in the energy transition debate, warns the head of a bonds market non-profit
Total defies the odds
Succession of acquisitions and project ramp-ups help strengthen the company’s portfolio in a tough environment for the sector
Alberta suffers loss on crude-by-rail contracts
Canadian province reverses policy after financial burden begins to mount
Australian emission plans will fuel expansion of gas-to-power
New South Wales will rely on coal seam gas and/or imported LNG to form the core of its plan to reduce emissions and electricity prices
Uncertainty clouds Jebel Ali gas optimism
The discovery could have far-reaching ramifications for Emirati and regional gas markets, but there is a risk of jumping to premature conclusions
LNG delays push Pakistan towards coal
Pakistan’s hope that the growth of LNG imports would relieve energy-induced constraints on economic growth has been dashed by project delays. Instead, it has turned to the IMF for economic help and coal to relieve energy shortages
Suncor looks to rebound
Canadian producer aims for recovery after tough period of enforced production restrictions
Kuwait bows to local and global realities
Domestic politics and international demand fears dictate downward revision of production targets
PTTEP faces margin pressure on gas plan
As the Thai NOC embarks on its record five-year investment programme, analysts wonder how it will maintain profitability
Investors and NGOs take tougher line on climate change
Fossil fuel projects in Africa often need international support to proceed and multilateral agencies and asset managers are strengthening their climate-related investment criteria, potentially leaving valuable resources stuck in limbo
Defiant Shell remains bullish on LNG
Amid the gloom and doom of a supply glut and record low prices, the major, which controls more than one-fifth of the global LNG market, sees a bright future
Major trend emerges for net-zero targets
Several oil and gas companies including BP and Equinor have adopted long-term net-zero emissions targets and it seems inevitable that more will follow
Mexico discovery strengthens Eni portfolio
European firm returns oil from block acquired in landmark bidding round. But progress towards first production at Zama faces renewed uncertainty
Tullow hopeful of Kenya FID this year
The operator remains positive, but the future of Kenya’s first oil development remains very uncertain
BP marketing deal sets up Senegal-Mauritania LNG exports
Marketing agreement for phase one of Greater Tortue Ahmeyim will elevate the countries into the league of large-scale LNG exporters
Covid-19 to slash China’s 2020 gas demand
LNG will bear the brunt of the impact of the coronavirus outbreak on China’s demand for natural gas in 2020. But the effects are likely to be short-lived unless there is a major escalation of mainland infections
Energy demand: Three drivers
Energy use will be increasingly efficient and less carbon intensive than it is today
Energy demand: Three drivers (1)
Energy use will be increasingly efficient and less carbon intensive than it is today
Bright outlook for Middle East LNG bunkering
Oman and the UAE are leading the way as the region catches up to a shipping industry revolution spurred by low gas prices and tighter marine fuel regulations
Russia beating US in LNG price war
Aggressive pricing is giving Russia a strong position in Europe’s competitive LNG import market, according to Platts
Energy Institute tells majors to ‘own’ emissions
Net-zero target by 2050 is not ambitious enough, IP Week delegates told
Firms embracing digitalisation set to thrive
Climate change and regulatory intervention are combining to create unprecedented opportunities across the energy sector
Trading braces for digital transformation
The age of big data is transforming not just the upstream but energy’s spot markets
Teck gives up amid Canadian tensions
The miner abandons its oil sands plan as long-term fissures between opposing lobbies claim another investment casualty
Asia resists calls for net-zero emissions
Emissions targets have taken centre stage at oil and gas conferences. But Asia has different short-term priorities despite the potential damage climate change may cause in the developing world
Birol: CCUS a ‘huge opportunity’ for industry
International Energy Agency head calls on oil and gas companies to invest in non-core assets including CCUS and clean energy to maintain their social license
SE Asian NOCs find strength in numbers
A Petronas-Pertamina crude swap agreement was the latest instance of Southeast Asian NOCs teaming up to tackle shared energy security challenges
EU’s Green Deal threatens seismic shift
Proposals to achieve net zero promise to turn bloc’s economy upside down
Australia rejoins road to shale riches
Shale gas developers are beginning to ramp up their exploration efforts following the end of a freeze on fracking approvals in the Northern Territory