Mar 2022

The firms’ Russian exits will make remaining in the country difficult to justify for other IOCs

The major has failed to go as far as European IOC peers

Russia’s invasion of Ukraine has underscored the urgency for the Netherlands, and Europe more widely, to exploit its domestic gas resources, Nogepa chief tells Petroleum Economist

The independent oil and gas firms active in the country’s promising offshore are looking to farm out their assets as they seek to pursue further exploratory and drilling work

The country has been working to attract renewed upstream foreign investment since quitting Opec

The March 2022 issue of Petroleum Economist is out now!

The Netherlands wants to be the cleanest place in the world to produce offshore gas and to play its part in the energy transition by leading CCS and hydrogen projects, says chairman of Dutch oil and gas lobby group

The Saudi titan’s renewed plans to lock in demand through downstream developments coincide with consumers seeking to guarantee supply

US oil and gas company says deal will speed progress towards 2030 renewable fuel production target

Following a successful bid in a New York auction, the major has bought bidding partner EnBW’s North American portfolio

The US major is withdrawing from Sakhalin 1 while OMV is dropping a proposed Gazprom deal

UK-based independent oil and gas producer says CCS capacity can exceed scope one and three emissions by end of decade

The intergovernmental body is trying to cool the crude market

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

The US president may opt to do a JCPOA deal as a lesser evil than expensive gasoline

The fallout from Myanmar’s coup may not be enough to discourage the Thai state-owned firm

Company closely monitoring rising costs of wind turbines and batteries, CEO Ben van Beurden says

Outgoing president reverses anti-nuclear stance amid supply concerns following invasion of Ukraine

Expectations for robust demand growth and constrained supply mean LNG buyers and policymakers will increasingly need to mitigate wild price swings

Agency also urges action to switch to non-Russian gas as security of supply tops policy agenda

European utilities are divesting from some Russian interests, but decisions on gas supply will require new sanctions

Canadian indie has plans to quickly increase its production in the Latin American country, says CEO Marshall Abbott

Producer set to bring on new UKCS volumes amid yet another record-breaking price spike

Underinvestment and lengthening lead times for mining projects are hampering supply growth needed to meet demand, Wood Mackenzie says

Recent attack on Coastal Gaslink demonstrates the hostile environment for such projects

Combination of factors has led to EU allowances losing a third of their value, but bullish factors remain on the horizon

Discovery in the Orange basin confirms Namibia’s hydrocarbon potential, says the country’s NOC

Environmental approval marks significant progress for import scheme

German utility writes off Nord Stream 2 investment but cites supply security for maintaining contractual supply

The state-owned firm is doing most of the running, but IOCs are also active as the country seeks to sustain both production and LNG exports in particular

The allies call a halt to deliveries, but Biden seems accepting that more exposed European countries will not follow suit

Consultancy warns volumes that will go unrenewed this year are greater than Ten Point Plan assumes

Switch to renewables and hydrogen aims to displace demand for Russian gas well before 2030

Analysts see potential for $200/bl+ if it becomes ever more difficult in practice for Western nations to buy crude from Russia

More use of coal-fired power is likely in the short term, while new North Sea projects are not the answer, ETC chair Adair Turner tells Transition Economist

Burning of coal to fuel economic recovery led to 6pc increase in emissions from 2020

The Anglo-Irish independent is looking for more buy-in to progress its Lokichar/Turkana development

With the Putin administration hard-pressed by Western sanctions, Beijing may look to take advantage

LNG alone will not be enough to guarantee Europe’s energy security, and the continent may face demand destruction, analysts agree

Municipalities are resorting to direct procurement as the government fails to narrow the generation gap

Combination of nature-based solutions and engineered technologies needed alongside decarbonisation to meet global climate goals, thinktank says in report

The growing prominence of LNG makes it vital to maximise production and energy efficiency at liquefaction facilities

Even amid climbing oil prices and strong market backwardation, most US shale independents show little scope or intent to raise output in the short term

Oil and gas companies are not short of options in terms of reaching net zero, but their portfolio decisions will determine the success of their transitions

Sanctions could stymie the development of supply underpinning the country’s new Chinese commitment

The issue took centre stage at the Communist Party’s annual ‘two sessions’ meetings on economic policy for the year ahead

UK independent flows SNS molecules to Bacton

Soaring oil prices are spurring renewed IOC investment but exposing infrastructure gaps

China’s demand is set to increase again this year, but at a slower pace after hitting yet another record high in 2021

The independent is doubling down on its investment in Guyana with the acquisition of JHI Associates

Consultancy Kpler suggests a slowdown in Russian flows might be about to show up in the data and is not priced in

Prime minister sees a role for the basin in greater UK energy independence, as lobby group puts its head above the parapet on windfall tax calls

One hundred more firms have signed a pledge to reach net-zero emissions by 2040, but more are needed, says former UN climate chief

German utility is reviewing its fuel options for new generation capacity as the Ukraine war hits energy markets with full force, CEO Markus Krebber says

Independents see ongoing opportunities for expansion in the West African nation

Technology can allow vehicles to charge overnight when rates and load are low, then provide electricity back to the grid during peak hours as well as during blackouts

The French firm’s decision not to follow its peers’ lead on Russia is back in the spotlight

The gap left by TotalEnergies’ withdrawal from the Yadana gas project is being filled by its former partners

Orphan wells are growing in number, but high oil prices may present a good opportunity to tackle the problem

Government and industry agree to target 18GW of operating capacity by 2035 as new Mediterranean floating project tender goes live

European Parliament members say inclusion of gas in green finance taxonomy undermines response to invasion of Ukraine

The firm will add a fifth rig as it seeks to extend reserve life in the basin

Acquisition of US major’s assets still on track, says Nigerian independent

Saudi group to start construction next year on Teesside plant to produce sustainable aviation fuel from household and commercial waste

The move away from fossil fuels will cap refinery capacity expansion in Asia-Pacific, but petrochemical demand gives the sector options

The industry is reviewing the near-term risk of switching to new fuels as LNG prices surge amid Russia’s war in Ukraine, conference speakers warn

The UK treasury-owned bank must balance investments between energy security and long-term decarbonisation, says finance minister

Oil major files applications for projects in six states with potential to triple size of portfolio

An increasingly import-dependent Netherlands is mulling fresh incentives for offshore gas exploration as the industry prepares to make energy transition pledges

The fallout from Russia’s invasion of Ukraine is likely to spur closer energy cooperation between Moscow and Beijing, although significant hurdles remain

Australia’s Far is withdrawing from the joint venture

The Swiss trader is relatively sanguine on Europe replacing Russian crude, but the products puzzle is more challenging

The European TTF benchmark is creaking under the strain of exceptional circumstances

The impact on Africa and Latin America of spiralling energy prices should not be ignored

Ad hoc interventions by governments would create regulatory uncertainty and deter investors, say energy firms

Chinese refiners are yet to buy more Russian crude, while other nations in Asia may help fill Europe’s shortfall in diesel supply, according to energy intelligence firm Vortexa

Government names developments qualifying for evaluation for connection to East Coast, Hynet and reserve Scottish clusters

Ripple effect from Russia’s war in Ukraine may result in significant supply disruption

The major will establish a local offshore wind development team in Tokyo

Green Party MEP had accused the firm of complicity in war crimes due to its stance on Russia’s invasion

Carbon border adjustments could encourage scheme’s influence in other regions, according to panel

Beijing is not just a key customer for Moscow’s energy in an unwelcoming world. It can bring other necessities to the table, but at a price

Ministers from 31 member countries give body new guiding principle of supporting decarbonisation efforts

The Colombia-focused operator forecasts a partial rebound in production this year and is hopeful about exploration offshore Guyana

Joint company will improve efficiency and result in cost savings, the firms say

Scotland’s largest political party recognises that the Ukraine crisis has changed the game

Soaring annual profits to be channelled into unapologetic expansion of output capacity

Oil major’s announcement coincides with UK government pledge to support tenfold increase in number of charging points by 2030

The country’s efforts to reverse declining gas production are starting to bear fruit, but will not be enough to alleviate the tight LNG market this year

The transatlantic partners pledge cooperation on supply, long-term contracts and infrastructure

While the region’s crude producers stand to benefit from high prices, LNG importers will feel the pressure

The desire to stop the flow of gas sales revenue to the murderous Putin regime is laudable. But it is not without significant challenges or risks

The country will pipe more oil, as well as more gas, to its southern neighbour by year-end

Pipeline of projects has potential to exceed government’s 2035 target, but greater clarity on policy needed to unlock investment, says Carbon Capture and Storage Association

Firm will lay out more details about strategy in coming months as it looks to deploy recent profits to aid the transition

Data quality and integrity must improve if world’s largest emissions trading system is to be effective in helping China achieve carbon targets, speakers tell event in Shanghai

Western countries want Mideast Gulf producers to boost output, but the options are limited

Doug King of fund manager and commodity trader RCMA sees far greater upside than down in the oil market

The relationship is likely to weather any temporary turbulence, even as it becomes ever more structurally unbalanced

The appetite of the two East of Suez economies for Russian oil may prove crucial

UK energy company will retain unabated gas-fired power plants to support security of supply as it expands renewable portfolio, according to new net-zero transition strategy

Government enforcement actions and civil suits alleging greenwashing are increasing through a myriad of different laws, including securities regulations and consumer protection legislation

Government enforcement actions and civil suits alleging greenwashing are increasing through a myriad of different laws, including securities regulations and consumer protection legislation

UK will rigorously contest EU’s claim that scheme’s local content criteria are discriminatory

Infrastructure constraints likely to restrict the country from substantially raising output to replace lost Russian barrels

Trading houses confirm they are not buying outside of term contracts, leaving the question of who will lift Russian barrels

Tokenisation can play a key role in the growth of blockchain applications in the energy transition by enabling the recording and representation of assets such as carbon and renewable power certificates

Tokenisation can play a key role in the growth of blockchain applications in the energy transition by enabling the recording and representation of assets such as carbon and renewable power certificates

Progress on capacity auctions and carbon-free megaprojects signals fresh momentum in Kingdom’s clean power sector

China’s rebounding appetite for energy is being undermined by fresh lockdowns and quarantine measures

Short-term increases in fossil fuel use will give way to an accelerated deployment of renewables

The extent of lost Russian supply, what can step in and what happens to demand

The tanker freight market is having to deal with sanctions, uncertainties and shifting trade flows in the aftermath of Russia’s invasion