Sep 2023

The September issue of Petroleum Economist is out now!

Carbon Economist talks to Quorum’s Alexandra Gajewski about ESG strategies

Delegates can get even more out of the 24th World Petroleum Congress, being held from 17-21 September, by engaging in the complimentary B2B Programme

Project is one of MENA region’s largest and will triple Emirati firm’s CO₂ storage capacity

Ipieca, an official sponsor of WPC Canada, is the global oil and gas association dedicated to advancing environmental and social performance across the energy transition. It brings together members and stakeholders to advance climate action, environmental responsibility and social performance across oil, gas and renewables activities. Brian Sullivan joined Ipieca as the Executive Director in 2011 following a 23-year career at BP. Here he talks to Petroleum Economist about the work of the organisation.

AI enabling a second digital revolution in oil and gas, among other sectors, says Huawei

AI enabling a second digital revolution in oil and gas, among other sectors, says Huawei

Online retailer prebooks credits to be generated by 1PointFive’s Stratos project in Ector County

Shell, Eni and independent operator Enquest dominate list of new licences as UK ramps up offshore storage push

Mideast Gulf state keen to highlight progress made on expanding carbon sequestration capacity and diversifying e-fuels production ahead of COP28

A flurry of interest in direct air capture signals a key role for the technology in the push for net zero

Oil minister Oun sends out cautiously optimistic message on oil and gas outlook and says pilot project ready to unlock huge shale reserves key to further growth

This year’s WPC laid bare the dilemma facing the energy industry and the world at large, with warnings about the dangers of underinvestment in fossil fuels given the immaturity of alternatives

CEO warns Russia shock may have changed Europe’s energy dynamic forever as company focuses on significant demand from Israel, Egypt and beyond

The Russia crisis has brought some rational thinking back into the broader energy conversation around what constitutes clean and affordable fuel

The company remains bullish despite last year’s LNG sector upheaval

The UK independent sees Block 3/05 as key to its growth ambitions in Angola’s maturing upstream

Postponement of large LNG project does not seem to have derailed Kosmos’ expansion or capex plans

Despite contradictory claims of increased tensions in Mideast Gulf waters and possible rapprochement between the US and Iran, the situation appears business as usual for freight

Real-world trends for rising oil use in the developing world cast increasing doubt on lofty emissions goals

Almost a year-and-a-half after Russia invaded Ukraine, elevated gas prices continue to impact the competitiveness of European industry, especially relative to the US

Pushing for more fossil fuels is counter-productive to hydrocarbons’ important long-term role

Saudi cuts and slowing US output add to improved demand outlook

China puts the strategic in SPR as it looks to utilise record oil storage

A greater focus on oil security may not be enough to deliver a comprehensive strategy for the net importer’s strategic petroleum reserves

As the 50th anniversary of the Arab oil embargo approaches, policymakers gripped by energy security fears must start rethinking the purpose of emergency oil stocks

Action by consuming governments has shown they can significantly affect oil prices and put a spoke in OPEC’s wheels

Saudi Arabia and its allies delivered a strong message with a collective voice at the OPEC seminar in Vienna, but just as important was what was left unsaid

President Tinubu has already targeted major reforms at the country’s dysfunctional downstream and upstream sectors, as well as overhauling monetary policy

Conflict between the federal government and Alberta’s new premier seems inevitable

Battered by multiple economic headaches, Argentina is looking towards the Vaca Muerta as a potential lifeline

Collapsing governments and crackdown on public dissent showcase growing instability