Jul 2021

Transition Economist looks at the new renewables projects added to our database and the progress made on existing developments

Cornelius Matthes, chief executive of Dii Desert Energy, talks to Transition Economist about the organisation's vision for the future of renewables in the Mena region

Legislators have proposed measure that would boost domestic industry rather than Chinese imports

A likely, albeit not certain, revival of the JCPOA agreement could see a swift rebound in Iranian barrels, says veteran analyst

US firm expects Concho synergies in the Permian to dramatically lift revenues over the next decade

Upstream firms are opening their wallets again as offshore prospects look more lucrative

Energy efficiency improvements and use of sustainable aviation fuel seen as key to cutting emissions by 2050

The future of energy is about more than just the move from fossil fuels to renewable power. It involves the decarbonisation of all sectors of the economy

International interest in reducing Iraq’s dependence on Iranian gas imports is unlocking finance for renewables and flare-gas capture projects

Phase-outs began at subnational levels and have grown to reach national commitments in various regions

Oft-promised upgrades and greenfield facilities are again making putative progress

Near-term output is expected to wane despite political backing for the Willow project

Despite current unusually high prices, the agency is relatively relaxed that portfolio LNG can replace domestic swing without the need for radical change in European contracting

There are plenty of large sellers and smaller buyers, but there may be a medium-size missing piece

The country’s various refining projects appear to have stalled, with the exception of one South African-backed scheme

The Kingdom has a radically divergent perspective on both the short- and long-term oil market. And that could mean the cracks in the cartel only getting wider

The county’s crude demand may remain constrained this year, but the future is still bright

The Andean country’s recent troubles highlight the need to encourage exploration

Strict sustainability criteria will mean less supply than other scenarios foresee, thinktank says

Regional grids will struggle with twin challenges of decarbonisation and extreme weather events

Mexican authorities rule in favour of NOC Pemex, raising doubts about the speed to first oil

The Petroleum Industry Bill reached an important milestone at the start of July

The IMO’s ambitious emission goals are still reliant on as-yet unproven technology

Rebounding gasoline demand is outpacing that of the rest of the barrel—particularly jet—and causing headaches for refiners

Adoption of federal standard can spur robust economic recovery and create millions of jobs, companies say

Boost for Scottish Cluster as Grangemouth targets 1mn t/yr carbon capture by 2027

A new sustainable aviation proposal is set to supercharge so-far fledgling efforts

A new sustainable aviation proposal is set to supercharge so-far fledgling efforts

The short-term boost to government coffers from crude’s rally will likely postpone any significant changes

China’s gas market is poised for rapid expansion, but decarbonisation efforts may end the party sooner than previously expected

Regasification plans look to benefit from supply security concerns despite continuing anti-gas sentiment

Oil companies join Air Liquide, Borealis and Yara International in project to cut emissions in Normandy industrial basin

Baghdad needs to improve its relationship with international partners. But beware assuming there are easy answers

Political downstream agenda and company track record cause unease over Texas refinery purchase

Buyers are becoming less keen on being locked in for the long term amid a rapidly evolving market and rising demand

Marcellus gas producer has cleared much of its debt worries, painting an optimistic picture that investors are getting behind

Proposal follows successful deployment of a pilot project known as Quest CCS

The country is launching a series of initiatives aimed at codifying and accelerating its move to net-zero mobility

European Commission outlines a package of measures designed to reduce its greenhouse gas emissions by 55pc below 1990 levels by 2030

Most of the country’s ageing refinery capacity remains offline.

The French major continues to trim its portfolio

Extreme dry spell is highlighting the need to kickstart the country’s gas liberalisation efforts

Study will be carried out by Carbon Clean as part of preparation to start CCS operations by mid-decade

The Norwegian producer will launch a strategic review to include inorganic growth options

The company’s expansion will not end with its recent acquisition of Repsol assets in Southeast Asia, says managing director Kenneth Pereira

Preferred feedstocks are now subject to levies, as establishment refiners use political clout to bite back

Boost for Scottish CCS cluster as it lines up SEGAL and FUKA gas processing terminals as first CCS customers

Pressure growing to abate emissions through deployment of solar and CCUS as oil production capacity continues to rise

First in three-part Transition Economist series looks at the cost of the global energy transition and the magnitude of the work required

The first of the UK’s independent’s SNS projects has been pushed back into Q4

The Singapore-based firm is the latest independent to expand its upstream portfolio through the purchase of divested assets, this time in Malaysia

Organisation will help to grow and finance startups that have a focus on climate and climate data

The Middle Eastern state’s welcome of Chinese investment is understandable, but not unproblematic

While the focus is on domestic gas, the Qatari firm is hedging locally and internationally

Shortfalls in funding are particularly pronounced in emerging economies, where capital markets can be hard to access

The firm’s extensive portfolio of development opportunities is proceeding apace ahead of Norway’s end-2022 deadline for securing tax breaks

The debt-burdened firm’s fortunes appear to be turning

Storage will be a key part of enabling the grid to be supplied by 40-60pc renewables

Scotwind tender draws 74 bids amid strong competition for North Sea project rights

Utility will continue to develop 3GW/yr of renewable capacity after 2025

The key promoters of the Brent crude trading complex have accepted that the benchmark will not be switching to a delivered status any time soon

Reduced drilling activity over the past year is increasing the threat of premature write-downs in the basin

Extended shut-ins and reliability issues due to last summer’s Covid-related work postponements see NCS production slide

Global LNG demand might not reach previously forecast heights this decade as Tokyo mulls an increased role for renewables

Bullish gas projections are driving a strong resurgence in M&A activity

Second round of NDCs sees greater similarity in formats, with many adopting net-zero targets

A number of hurdles remain, including additionality and flexibility of emissions reductions

Developers will need to adapt strategies to location and policy environment

Developers will need to adapt strategies to location and policy environment

Bid round and first-ever private refinery shows the government is looking to external investment

Soaring government debt relative to GDP in wake of Covid-19 leaves economists divided over best approach to funding the transition

The independent is rapidly expanding its footprint in Brazil and may not have finished just yet

Norwegian firm trades offshore acreage for operating role in the field

The country started loading crude from its new Jask oil terminal last week as doubts grow about the prospects for a revived JCPOA

Jakarta has greenlit plans for a gas project in the Madura strait, off the coast of eastern Java

Gulf of Mexico-focused operator sees output soar as it lines up further exploration

Size of projects and new investment guidelines have deterred coal financing

Reliance continues to progress its KGD6 development, but the scheme has experienced some delays

Operator sees greater prospects in the Bakken as it shuffles its portfolio

Drilling campaign adds yet another major oil find in the prolific block

Integration of low-carbon hydrogen into existing value chains will need new regulatory frameworks in all jurisdictions

Integration of low-carbon hydrogen into existing value chains will need new regulatory frameworks in all jurisdictions

Policymakers must ensure key technology for reaching net-zero sustains momentum over the next decade

Policymakers must ensure key technology for reaching net-zero sustains momentum over the next decade

Displacing nuclear with offshore wind backed up by flexible thermal power plants and storage can cut capital costs

With a cost proposition around $20/kWh, the startup hopes to disrupt the more established lithium-ion industry

Gulf of Mexico FIDs may be waning, but latest approval shows they can still be viable

The major has been awarded another block by NOC Petronas, but government involvement remains vital

US-Sino tensions could hinder global co-operation on climate and divert government spending away from net-zero push

Better management of project risks needed to bring down cost of capital and speed up deployment of low-carbon technologies, panellists say

Green hydrogen and CCS can replicate progress of renewables but only with supportive government policy

Asian LNG importer continues to expand its import infrastructure for the fuel