Feb 2023

Studies underpinning recent reports are flawed, according to technical review published by Verra

The North Dakota shale basin nears a looming acreage problem

Canada at one stage looked set to be a major LNG exporter, but all except four liquefaction projects have fallen by the wayside

UN-convened alliance of financial institutions demands focus on carbon mitigation rather than removal

Centrica joint venture outlines plan to convert two Irish Sea gas fields into storage hub with potential to develop blue hydrogen cluster

The region’s producers have their own specific goals and face drastically different challenges

Hampered by sanctions and ill will, Russian majors are departing Europe, but refiners’ focus was already moving east

The signs point towards a comeback in 2023, but uncertainty around Covid remains a factor

Kevin O’Reilly, with 27 years commodity trading experience, dives into one of the most compelling tales of how not to hedge your risks in the first of a three-part series

Chemicals company contracts Norway’s Aker Carbon Capture for feasibility study of project to deploy two capture facilities

Norwegian state-owned company walks away from ammonia and associated CCS projects after cooperation agreement expires

Kevin O’Reilly continues his three-part account of the hobbling of a German industrial giant with the arrival of the story’s central figure

Surplus offsets in voluntary carbon market could depress prices to 2050 and deter investment in more expensive removal methods, says BloombergNEF

The Asian giant’s LNG imports slumped last year but look likely to recover in 2023

Expansion prospects for the dominant oil shale basin remain in 2023

The independent is developing fields off the coasts of Israel and Egypt

A flurry of successful commissioning will see deliveries into fast-tracked infrastructure make a mark

Kevin O’Reilly concludes the cautionary tale of the German conglomerate’s overreach with what went very, very wrong

But Beijing remains somewhat cautious in an attempt to avoid alienating the West

TotalEnergies, Wintershall Dea and Ineos secure first exclusive licences to explore potential offshore storage sites

From E&P to refining, the state-owned companies are well-positioned for growth and bumper profits

A recent trend towards offset crediting at a jurisdictional level is raising funds at a much larger scale than traditional project-based programmes

Oil and gas major revises down scope three targets as it plans slower reductions in oil and gas production to 2030

Investors are wary about government intervention as the NOC welcomes its latest CEO

But significant discoveries are likely needed to prevent output from sliding again later this decade

Investment in CCS is a ‘permit to operate’ for oil and gas companies but not a profitable business model in the near term, says CEO Patrick Pouyanne

Two governments sign MoU allowing UAE to develop forestry-based projects in the African country

As security improves, TotalEnergies has other concerns

Despite previous security concerns, Eni enters JV with Libya's NOC for major hydrocarbons development

Final shape of the law endorsed by European Parliament with only EU Council endorsement remaining

Exchange traded volumes rising as voluntary carbon market matures, CBL’s parent company Xpansiv tells Carbon Economist

Bulk of A$38mn commitment aimed at SLB-led project to identify CCS opportunities offshore Western Australia

Pathways Alliance has put CCS at the heart of its net-zero strategy as it aims to achieve meaningful reductions in emissions from oil sands by 2030, alliance president Kendall Dilling tells Carbon Economist

The war in Ukraine has rerouted oil market flows as European buyers look both close to home and far afield for replacements for Russian barrels

The group, which includes Brookfield Renewable and Southern California Gas Company, plans to develop capture and storage network across California

The French major has expanded its stake in the Fort Hills mine to make the divestment more attractive

Commercial plants yet to launch but growing pipeline of projects could deliver tenfold increase in capacity by 2027

Progress is being made on the Timorese LNG development, but is unlikely to reach production any time soon

Even a completed environmental assessment might not guarantee progress

Norway-based company hires first US representative as Inflation Reduction Act fires up North American market

Companies agree to study feasibility of carbon dioxide storage in depleted reservoir in Abu Qir offshore gas concession

Research into technologies to prevent degradation of solvents will help de-risk carbon capture

Maurel & Prom is building support for its acquisition of Wentworth, but at least some shareholders are opposed

Substantial increases in pipeline infrastructure over the next two years are expected to supercharge gas consumption

Ethane cracker plant at port of Antwerp to use hydrogen generated as a byproduct of its own ethylene production

Sub-Saharan Africa is chronically starved of energy, and yet the region flares disproportionate volumes of gas every year

Venezuela and Iran offer clues to potential effectiveness of the measures

The country’s next president faces an uphill battle to revive the struggling oil and gas sector

The outage highlighted the tightness of the global LNG market, and its return should help keep a lid on prices

The province on Canada’s eastern coast is attempting to breathe new life into its moribund offshore oil and gas industry

Moscow will likely still be able to find buyers and ships for its exports of crude and products despite the measures

The $27bn megaproject is key to Iraq’s 2027 oil and gas production goals

Trinidad & Tobago’s position as a Caribbean gas hub seems more secure following US permission for it to access Venezuela’s Dragon field

Investor alliance must reconcile push for decarbonisation with responsibility to maximise returns for clients

US technology company signs MoU to use calcination process initially developed to abate cement industry emissions

RWE signals backing for Noordkaap project with intent to ship carbon dioxide from power plant in Netherlands

Oil major’s strategy focuses on developing hubs serving multiple industrial emitters as well as its own operations

Scotland-based firm to work on engineering and design of 400km line linking oil sands facilities to storage hub near Cold Lake

The region has made significant progress on reducing exposure to Russian gas, but despite rosy assessments by politicians, challenges remain

The country had been poised to embrace LNG-to-power on a large scale

Last year’s slip in gas consumption does not affect the outlook to mid-century

But threat of war, poor governance and regional rivalries hamper Azeri dream of tapping into Central Asian reserves

German independent oil and gas company evaluating multiple CCS projects but returns will not initially match E&P, COO Dawn Summers tells Carbon Economist

With an eye on market opportunities at home and abroad—especially Europe—Israel launches a fourth offshore bidding round, determined to expand its impressive development of Levant Basin gas

Decarbonisation and the war in Ukraine are just two of the factors driving the massive investment in liquefaction and regasification around the world. The first part of this deep-dive analysis looks at developments in Africa

New technologies such as fibre networks are helping the EU and other regions decarbonise and improve digital access

New technologies such as fibre networks are helping the EU and other regions decarbonise and improve digital access

IOCs are reducing their footprint in what was until recently Africa's largest oil producer despite key oil legislation being passed

Potential bonanza for Heritage Fund is not without caveats

Cash for large-scale pilot and demonstration projects aimed at decarbonising power generation and hard-to-abate industries

Newly created division will deliver projects including low-carbon hydrogen, biofuels and CCS, with bulk of investments aimed at the UK’s Stanlow refinery, Indian conglomerate says

The German producer is focusing on the North African country as it looks to strengthen its gas portfolio following its exit from Russia, COO Dawn Summers says in an interview with Petroleum Economist

Utility hedging and a tighter supply-demand balance are boosting prices, but falls still expected later in year