Oct 2023

The October issue of Petroleum Economist is out now!

But CEO says prematurely discontinuing investments in fossil fuels threatens serious supply shortfalls and may be counterproductive to energy transition

But CEO says prematurely discontinuing investments in fossil fuels threatens serious supply shortfalls and may be counterproductive to energy transition

Secretary General believes linear and ideal forms of energy transition will be difficult to achieve especially with false narratives around peak oil demand

Singapore-based global energy merchant has taken a fundamental first step towards decarbonisation by encouraging its suppliers to document their greenhouse gas emissions

Vietnam and the Philippines lay down a marker for the region’s growth prospects with new import terminals

Reliability and affordability key in price-sensitive Asian market amid renewed global dependency on natural gas

The fuel will have a continuing role to play as the region seeks to balance growing energy demand with targets to reduce emissions

Appetite among the region’s buyers for LNG that can demonstrate low greenhouse gas emissions amid recognition of long-term fossil fuels role

From crude flows to oil prices, S&P Global Commodity Insights highlights the market’s ability to overcome adversity, albeit with costs involved

The floating power station specialist discusses its plans in South Africa and elsewhere

Crude production cuts and refinery outages mean high prices are looming for heating oil and diesel this winter, and greater shale output will do little to help

High prices are no longer a guarantee for increased investment in oil projects despite the warnings of an energy crunch

Former executives and a successor company are accused of complicity in Sudanese war crimes in what is now South Sudan

Soaring pre-salt production sees Latin America’s largest country pull away from the local competition

AIM-listed Challenger is seeking partners to help develop its licences off the coast of Uruguay

Behind the rig count data lie differences between public and private operators, acreage questions, the lure of returns and unwavering capital discipline

Geographical position, long-term demand and decarbonisation efforts continue to support the region’s burgeoning LNG sector

Bottlenecks continue to constrain gas-rich Appalachia, and relief may not be in the pipeline

Russia has leapfrogged Mideast sources to become India’s largest supplier, but flows may be poised to plateau

The special administrative region has introduced the fuel as part of its drive for carbon neutrality, but it will take years for imports to ramp up

Pipeline problems, maturing fields, gas quality issues and territorial disputes threaten to erode Malaysia’s LNG exports

Significant capacity is affected, but the market impact may prove limited

The inclusion of WTI Midland in the Brent benchmark has boosted volumes, but with Brent blend taking a backseat, why not just use WTI as the global benchmark?

Half a century after the 1973 conflict, the world is dramatically different. But OPEC’s power remains

Nigeria’s downstream status quo changed forever with the end of fuel subsidies, but the flagship Dangote refinery has still yet to start operations

Coups and geopolitical rivalries complicate energy projects in the expansive region

Technology company says its latest technologies can achieve 30–50% cost reductions at the capture stage

Curbing emissions globally by using international carbon market mechanisms reduces the cost of mitigation, Andrea Bonzanni, international policy director at the IETA, tells Carbon Economist

Training for regional customs authorities and detailed analysis of reporting accuracy will ensure effectiveness of final scheme

The IEA has tempered recent optimism over CCUS with a downbeat assessment of the technology’s role in achieving net zero

Companies jointly fund preliminary engineering study of first megaton-scale DAC facility outside US

Successful trials prove reliability of system using waste heat to reduce power consumption, says Centre for Solar Energy and Hydrogen Research Baden-Wuerttemberg

Inpex and Mitsubishi Heavy Industries among participants in seven large-scale projects as government sets ambitious expansion targets

The 2023 Gulf Energy Information Excellence Awards was held on Wednesday evening at the Post Oak Hotel in Houston, Texas

Netherlands’ first major storage project sees costs more than double after two-year delay

Head of terms agreement for HyNet North West cluster paves way for world’s first asset-based regulated CCS business

Government publishes new methodologies and regulation for offsets programme that was shelved in 2017

The growing number of individual national carbon exchanges threatens to fragment much needed liquidity