Nov 2021

Chemicals represent both an economic and environmental boon in the energy transition, according to Saudi Arabia’s Sabic and PIF

Climbing commodity prices and rampant drilling activity are lifting shale production guidance

The Paris-based intergovernmental organisation has its eyes firmly on a net-zero future. Opec not so much

The November 2021 issue of Petroleum Economist is out now!

Questions are being asked about the continent’s gas suppliers in the wake of a price crunch. But the trend is less engagement with the global LNG market, not more

Low installation costs and generous feed-in tariffs help make Australia a world leader in rooftop solar panels

Decision may prove critical to the viability of the next tranche of regional projects

Rising demand and a legacy of coal-fired developments could hinder the energy transition in the region

Keeping 1.5°C pathway within reach and mobilising more finance are vital, according to Cop president Alok Sharma

Injection into depleted gas fields expected to start in 2024 as project qualifies for Australian carbon credits

An international partnership will support the country’s decarbonisation plans, world leaders announced at the Cop26 conference on Tuesday

Riyadh insists carbon neutrality is compatible with plans to raise oil and gas production

Emissions reductions targets should not be proxy for underinvestment in hydrocarbons, CEO tells analysts

Focus on speeding up commercialisation of direct air capture, clean hydrogen, sustainable aviation fuel and long-range storage

Proposal forms part of US commitment under global pledge to cut methane emissions by 30pc by 2030

Transition finance has hit levels needed to deliver net zero in 2050, Glasgow Financial Alliance for Net Zero tells Cop26

State-sponsored oil companies will either sink or swim as the energy transition gathers pace

Historians believe humans have used some sort of money for buying and selling for more than 30,000 years and, over those 30 millennia, our methods of establishing value for these transactions have evolved. In the digital age, commodity prices should be no different

Below-normal speeds slashed wind power generation in Europe in Q3, highlighting the risks faced by operators in the region

The cartel opts not to spring any surprise by swifter loosening of the supply shackles

Lower 48 production in the Texas and New Mexico shale play is poised to generate a mountain of cash over the next half-decade

The big oil and gas companies are faced with the prospect of losing a large part of their market as the world transitions away from fossil fuels. Can they carve out a positive role for themselves?

The big oil and gas companies are faced with the prospect of losing a large part of their market as the world transitions away from fossil fuels. Can they carve out a positive role for themselves?

Agency updates mid-October analysis to reflect slew of new pledges

Biofuel and energy efficiency measures have reduced a single route’s emissions by 1.4t CO₂

Project sees growing domestic role for Mozambican gas

Scottish cluster was not awarded track-one status under UK government’s CCS scheme

KPC chief claims remediation is just around the corner, but his assessment appears improbably upbeat

Indonesian NOC on track to complete Balikpapan expansion on schedule

Large-cap companies may be keen to decarbonise their portfolios, but shedding non-core assets presents a golden opportunity for smaller upstream E&Ps

Africa’s unique energy access challenges mean LNG will be an essential bridging fuel for the transition

Modular reactors to be available to UK grid by early 2030s as government and equity investors bet on potential of low-carbon power source

Increased fiscal pressures and net-zero carbon pledges should pave the way to permanently phase out subsidies

Aker BP gives up on Arctic exploration, but Lundin expands its presence

Cop26 talks fail to gain enough momentum on strengthening inadequate 2030 targets, says climate analysis consortium

The sector must curb emissions, not merely rely on offsets

Technology can cut emissions and raise energy efficiency at hundreds of US compressor stations

The region’s foremost operators are frontrunners in the global shift to lower-carbon energy

Joint declaration to tackle CO₂ and methane emissions, with China pledging to reduce coal consumption

The outlook for renewable energy has never been brighter. So why are so few manufacturers profiting from booming demand for wind turbines?

Papuan court approval sees the deal pass another milestone

Shale producers are cautiously eyeing Opec+ before lifting capex while substantially trimming hedging

Legislation provides finance for charging stations and transmission lines

The Anglo-Irish independent will pre-empt former partner's divestment

The Asian giant may need to increase coal supply to outlast the winter, but it is clearly greening its long-term energy policy

Japanese joint venture to buy share in the project’s operating company

Countries agree to phase down coal power and adopt global rules for carbon trade

Utility still sees at least a short-term need for gas even as Vopak steps back from proposed import terminal

The shipping industry is charting its own course to decarbonisation

Expiry of gas supply contract validates a recent uplift in renewables targets

The Asian country is looking for foreign investors to build a second regasification terminal

Project would use Freeport-owned sequestration site less than half a mile from point of capture and could start up by late 2024

Too much gas could accelerate decommissioning of key remaining asset

In the wake of positive financials, the Argentinian operator is lifting capex spend and is bullish on barrels

Improvement rate must double for net zero to be feasible, agency says

The two companies join several developers exploring floating offshore wind development

New industry framework promotes best practice for emissions accounting and use of offsets as trade in green LNG cargoes grows

Industry must accelerate development of green and blue production routes as transport sector demand rises, conference speakers say

The Anglo-Irish independent continues to refocus on key assets

Russia and Norway take divergent views on how to tackle current price volatility

Change can bring volatility. And there is significant change ahead

High prices bolster Australian upstream developments

At least one, and potentially two, regasification terminals are due to come online next year

IMO developing well-to-wake methodology amid calls for robust assessment of clean fuels’ green credentials, conference speakers say

Glasgow saw just another Cop where some progress was made, but not enough if Paris Agreement targets are to be met

Legacy oil and gas fields can be repurposed to power offshore oil and gas operations, say academics and specialists

The North American powerhouse will need to develop several energy transitions to green its economy, but has taken important baby steps

Greater digital maturity will be an important factor in the race to cut emissions and shift to lower-carbon energy

Government policies and unpredictable weather patterns mean supply and demand will be on a knife edge

Global decarbonisation pressures notwithstanding, the Emirati giant is determined to extract maximum residual value from its crude oil endowment

Sources of capital for supply to meet future oil and gas demand are evolving

The state-controlled heavyweight may miss its 2021 upstream target despite downgrading original guidance

The country’s refining capacity will peak below a government-set cap

No extravagant spending is planned ahead of a capital-intensive push towards a lower carbon footprint

US, Spain and Germany lead deployment of long-duration energy storage amid growing need for flexibility and dispatchable renewable power

The pace of digital adoption is only going to accelerate in the oil and gas sector, but much more needs to be done to entice talent

How the cartel reacts to record release of barrels is the key variable for oil markets

Group accelerates investment in renewables capacity and networks as it looks to electrify new sectors

Decision limits rights under the Energy Charter Treaty and other investment agreements

Decision limits rights under the Energy Charter Treaty and other investment agreements

The fuel is too strategically important for China to give it up entirely

Majority of firms’ emissions reduction plans are insufficient to keep warming below 1.5°C

For over 200 hundred years, the world has relied on fossil fuels for affordable, reliable energy. How does it get to an economy based on greener energy without triggering an adverse reaction?

The plans aim to accelerate decarbonisation in a number of different areas with a mix of investment and policy

The plans aim to accelerate decarbonisation in a number of different areas with a mix of investment and policy

The firm’s LNG-to-power development will be the first in Vietnam to be fully privately owned

As wind and solar power capacity have ramped up impressively, the government is mulling ways to maximise its returns

UK government ringfences £20mn/yr for tidal in upcoming renewable energy tender

Nearly 30 years since the original agreement, Iraq’s route to the Red Sea may be in sight

The Japanese LNG buyer is looking to avoid a repeat of last year’s supply crunch

Adoption of proactive technologies will be crucial for the oil and gas sector to meet its decarbonisation goals while staying financially competitive

Greening strategies in the east are creating strong prospects for states to increase gas exports

The company’s upstream digital strategy is increasingly turning to machine-learning and AI capabilities

Digital transformation will enable a greener shade of grey hydrogen from oil and gas facilities

Digital transformation will enable a greener shade of grey hydrogen from oil and gas facilities

Extreme price volatility as electricity systems adapt to greater intermittent renewable penetration serves as a reminder of the role legacy assets still have to play

Strong global gas prospects and high-quality inventory are driving a big swing in M&A activity in the basin

Foreign companies are enthusiastic about Vietnam’s LNG prospects, but risks persist

German company agrees with Ulsan Metropolitan City to cooperate on development of floating project with a capacity of up to 1.5GW

The Eurasian giant has announced an aggressive decarbonisation plan while striving to relieve Europe’s power crunch

Government faces key decisions next year on modernisation of nuclear fleet and raising clean energy ambitions to align with EU goals, agency says

No mention of the potential UKCS development in Scottish leader’s address to her party

The offshore region is poised to significantly ramp up production as more midstream gas infrastructure reaches startup and divestments keep coming

The US president talks the talk on urgent decarbonisation, but cannot ignore bilateral midstream dispute between Michigan and Canada

Existing offshore pipelines could be suited to transporting liquid CO₂, gas producer says