Sep 2022

The favourite to be the country’s next leader backs domestic supply solutions

The September 2022 issue of Petroleum Economist is out now!

The country’s pipeline owners are poised to capitalise as North American LNG export projects proliferate

The ‘world-class’ field could get a green light next year, following repeated delays and a resolved operatorship dispute

Track record for operating and failed CCS projects indicates perverse incentives to continue or increase emissions, according to Ieefa report

Renewable generators still drawn to price certainty despite lure of soaring spot markets and PPAs

Berlin continues to use the private sector in its efforts to reduce its dependence on Russian pipeline gas

But cost and commercialisation timeframes may prove a barrier to adoption

But cost and commercialisation timeframes may prove a barrier to adoption

The Australian firm is extending its role as a portfolio player

The proposal to combine with Tullow would create a large independent with an Africa-focused portfolio

State government approves doubling of Mount Pleasant mine as it refuses moratorium on new fossil fuel production

North America, including Mexico, can make a substantial contribution to global supply

Oil minister pushes back against criticism of his country’s approach to Russia

Leadership campaign and recent appointment of a climate-change sceptic to lead on energy brief indicate a potential deceleration of the energy transition

Prices are expected to fall back as more production comes online in the middle of the decade, says Fitch Solutions

The Norwegian producer stresses that imposing a maximum price will not solve underlying issues

Qatar and Bahrain are joining their neighbours in the development of low-carbon projects

Rival turbine manufacturer Siemens Gamesa wins injunction based on patent infringement, with exceptions for projects already underway

Funding boost for Bureau of Ocean Energy Management aimed at speeding up leasing and permitting of proposed projects

The new administration’s lifting of a fracking moratorium is cause for renewed optimism

Largest group in European Parliament has suggested sale of allowances across one year to finance investments in energy projects

The disused Maghreb-Europe pipeline means the infrastructure is in place, but the production capacity is not

Surging profits and easy access to export markets are accelerating M&A activity, despite growing inflationary pressure

New prime minister Liz Truss proposes CfDs for existing renewables and nuclear as part of package to tackle energy affordability crisis and provide long-term security of supply

The upcoming election pits the right-wing incumbent against a left-wing former president

The firms will explore technical and commercial feasibility of CCS projects in Asia-Pacific, as well as options for shipping CO₂

Emergency measures aim to lower power prices by reducing demand at peak times

Surging demand, declining domestic output, high prices and a weakening rupee are all pushing up the country’s import bills

The sanctioned countries are competing in a limited illicit market

Proposals also include a temporary revenue cap on operators of renewable, nuclear and lignite power generation

Executive body puts forward a range of measures but backs away from a gas price cap for now

Plans for route linking to an export point in Tanzania continue to advance

Doha’s gas is ready to go downstream again

Sufficient term-contract volumes and soft demand are insulating the country from the expensive spot LNG market

The major’s involvement is a win for New Delhi as it seeks to promote offshore exploration

Lack of clarity is affecting demand for new tankers, but LNG vessel orders are booming

Transitioning to low-carbon is complicated but represents huge opportunities for the sector, says new report

Resources firm will spend $6.2bn on developing technologies to help eliminate the use of coal, diesel and natural gas from its supply chain by 2030

Coordinated action urgently needed on deployment of clean technologies to avoid decades-long delay in reaching net zero, agency warns

Even potential government stimulus measures might not be enough to bolster demand

Controversial payments have turned high oil prices into a curse

State-owned QatarEnergy and technology company GE to develop roadmap for deployment of CCS, hydrogen and ammonia to cut scope one emissions

The Spanish firm has form for leading where other firms swiftly follow

Government includes projects spanning hydrogen, offshore wind, CCS and nuclear on list of priority infrastructure to be delivered as quickly as possible

Tellurian chief warns that not all recent SPAs may be fulfilled due to challenges in getting projects financed

The Clean Energy Marine Hubs Initiative aims to link up decarbonisation efforts between ports, shipping and energy

Ambitious plans for a cross-border network of oil and gas pipelines in central Africa have some significant backers but will likely struggle to secure funds from traditional sources

The proposed mechanism may cause Russia some pain, but its impact is likely overstated

Inflation Reduction Act and other government initiatives seen as catalysts for carbon-capture expansion across multiple industrial sectors, according to speakers at Transition Economist roundtable

Greater enthusiasm is emerging not just for activity but also for projects promising near-term spend

Country’s largest energy and industrial companies take the lead in early development ahead of wider deployment of technology

Appetite to replace Russian energy imports is providing a major fillip to the Emirati firm’s upstream development plans

Former energy minister to lead review into net-zero strategy, with a focus on energy security and economic growth

The oil major’s charging subsidiary will support Hertz’s growing EV fleet

Nuclear availability and the extent of low temperatures will decide how much LNG they will need for the months ahead

US seller sees Asian buyers changing approach but inertia in Europe

There may be little spare capacity in the region

Policies would include creation of state-backed national energy champion to drive delivery of 100pc renewables by 2030

Concerns about pace of expansion as average wait time for renewable power projects seeking grid connections reaches almost four years

US developer aims to beat any Gulf Coast labour crunch through offshoring

Houston-based independent plans to start oil production in the country in 2026

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

But difficulty accessing resources, particularly on federal land, is compounding the usual problems with operating in such a remote and unforgiving environment

Gentari sets out strategy for aggressive buildout of renewables and hydrogen capacity

The company expects more US gas producers to target international markets as it signs a deal with Devon Energy and nears FID on its FLNG project

The deal between the two independents leaves London-listed Tullow Oil without a dance partner

Chemicals company Ineos to ship CO₂ from Belgium to Danish storage site in first North Sea trials after governments give green light