Apr 2024

US firm’s deal with Aker Carbon Capture could be catalyst for growth in a sector hampered by high costs

Report by Canada Energy Regulator outlines three different scenarios, with the global push for decarbonisation the key to future production levels

Exploration is providing mixed fortunes for IOCs amid higher costs, prompting firms to look towards M&A and safer plays

The April issue of Petroleum Economist is out now!

OPEC+ continues to keep oil prices within a 'goldilocks' price range and provide stability in turbulent geopolitical times

EET’s $2.4b plan to decarbonise major refinery in northwest England hits key milestone with CO₂ pipeline approval

Changing demand patterns, rising global LNG supplies, funding issues and regional insecurity threaten gas infrastructure buildout, but experts plot way ahead

Even diesel cracks may be poised to narrow, although other factors—such as attacks on shipping in the Red Sea—could buck the structural trends

Chevron New Energies is lead investor in funding round by Colorado-based provider of post-combustion capture technology

Lower costs and lasting government mandates key to transitioning away from fossil fuels, but oil will not be going anywhere fast if history and current policy is a guide

Fears that left-leaning President Petro’s government would signal the end for Colombia’s oil industry appear unfounded

The renewables revolution is not producing a gas boom in Asia’s largest countries, as incumbent energy sources coal and hydro retain an advantage

Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies

CEO Meg O’Neill believes operating environment in Australia has stabilised and sees a bullish outlook for LNG demand

Iran has announced multibillion dollar spending programmes aimed at domestic companies, inspired by recent export success

Though hampered by methane concerns, US LNG has a crucial role to play for European and Asian energy security, US economic needs and the energy transition drive

Demand for credits seen rising 20% this year despite issues around integrity and standardisation

Commentators need to shake off the myths of the past, with rising oil prices a boon for US economy

US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment

Uzbekistan and Kazakhstan provide opportunities after Europe turns it back, while also offering another gateway to China

The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria

Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis

Beijing’s renewed targeting of NOC management could threaten investment

Pursuing three different goals as part of the same package may mean achieving none of them

Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year

Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term

But even planned exploration activity is unlikely to reverse declining output from mature fields

Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions

Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV

Slowing demand growth and capacity expansions will squeeze refiners in coming years

While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing

Although recent, firmer gas prices have blunted some price-sensitive demand, the overall growth outlook remains robust

Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist

Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading

While its regional neighbours reap the rewards of oil and gas success, Iraq’s hydrocarbons sector is lagging behind