Petroleum Economist
Brazil awaits contentious Equatorial Margin call
Political rancour is rising as politicians appeal for environmental licence to explore the mouth of the Amazon
New opportunities for exploration and exploitation in Peru
Blocks I, VI and Z-69 represent an excellent investment opportunity in the energy sector, producing fields, accessibility, infrastructure, guaranteed market and proximity to the modern Talara refinery
Eni sees gas as long-term energy solution
The Italian IOC sharpens focus on gas but sees ‘no one solution’ to the energy transition
Looming elections push Mozambique LNG startups towards 2030
Two big onshore developments face further delay as lenders wait on poll results within the country and in the US
ConocoPhillips looks beyond the Permian
Marathon deal indicative of a maturing shale industry amid greater consolidation and fewer acquisition targets
Letter from Spain: Hydrocarbons are the present and future of tank storage
Scepticism towards the energy transition reigns in the tank storage industry
Dangote poised to fulfil gasoline goals
But the commissioning process is ongoing and initial gasoline output may be limited
China’s LNG fleet growth to change the global market
Chinese firms may be poised to move into trading, amid a burgeoning glut of supply and capacity
SLB sees competing forces shaping global CCS sector
Recent headwinds have cooled the US market, while growth in Asia accelerates as robust policies kick in, Damien Gerard, vice-president of CCS at global technology company SLB, tells Carbon Economist
Africa can be long-term focal point for oil industry
Once energy security is achieved, Africa can play a greater global role as it builds out its downstream, Anibor Kragha, chief executive of the African Refiners and Distributors Association, tells Petroleum Economist
Nigeria’s gas ambitions gain ground
But regulatory and feedstock issues continue to hinder the pace of progress
Gulf Energy Information appoints Catherine Watkins as CCO to drive market expansion
Watkins will leverage her financial acumen and strategic insight to lead Gulf’s commercial initiatives across media, events, and market intelligence
Gulf Energy Information appoints Catherine Watkins as CCO to drive market expansion (1)
Watkins will leverage her financial acumen and strategic insight to lead Gulf’s commercial initiatives across media, events, and market intelligence
China’s NOCs plan renewed African growth
The current wave of investment comes after Africa’s importance as an energy supplier to China has declined in recent years
July 2024
The July issue of Petroleum Economist is out now!
Argentina opens up to international investors
The controversial trimmed down version of the ‘omnibus bill’ promises to attract more foreign investment to sectors including oil and gas, but critics raise concern it still goes too far
Iran to hold on to Eastern promise
New reformist leadership is unlikely to see any quick changes to relations with the West, but Iran has opportunity to boost its energy and foreign policy options
ADNOC targets low-carbon LNG
Emirati NOC’s new low-carbon liquefaction plant to benefit from low gas cost and marketing might
Air Liquide to supply liquid carbon dioxide tech to Stockholm BECCS
Stockholm Exergi agrees to one of world’s largest deployments of CO₂ liquefication technology to enable transport of emissions captured from biomass power plant
Scientists claim CCS research platform can bridge ‘valley of death’
Platform developed at Scottish university uses advanced simulations and machine learning to find most cost-effective and sustainable combinations of materials for use in carbon capture
Shell makes big bets on LNG
Major sees huge opportunities with Pavilion Energy purchase and spate of global gas moves
Gulf Energy Information Excellence Awards see surge in nominations
Awards experience 20% increase in nominations this year, with submissions from 27 countries
Gulf Energy Information Excellence Awards see surge in nominations (1)
Awards experience 20% increase in nominations this year, with submissions from 27 countries
Vostok Oil: Russia’s sleeping giant
Rosneft’s Arctic megaproject is happening despite sanctions, a lack of foreign investment and OPEC+ restrictions. But it will take a long time for its colossal potential to be realised
Letter from the US: The looming shortage in transport fuels
Diesel and jet fuel supplies face a timebomb in just four years, and even gasoline may not be immune
Indian E&P companies struggling to meet targets
Despite huge efforts by India’s government to accelerate crude production, India’s dependency shows no sign of easing
Letter from Iraq: Licences fail to lure IOCs
Oil majors play it safe amid unfavourable terms in latest oil and gas licensing bid rounds allowing Chinese low-ball moves
Middle East takes control of oil supply chain
The region, known for its crude output, has gone from product importer to exporter, easing supply worries in Europe and creating a supply glut in Asia and elsewhere
Canada’s west coast to become second-tier LNG player
Indigenous-led Cedar LNG project a clear sign of a shift in activity but limits remain to how far sector can go
ExxonMobil agrees second CCS deal with CF Industries
Project with world’s largest ammonia producer brings US oil major’s third-party CCS portfolio to 5.5mt/yr
Letter on carbon: Power struggle
Electricity demand is growing at its fastest rate for 17 years as the energy transition struggles to keep pace with its own renewable power needs
Oil stocks have become truly strategic
Strategic stock releases designed to alleviate price shocks emanating from disruptions came into their own after the Russia crisis
Indie sees upstream opportunity in Jamaica
United is seeking farm-out partners for the large Caribbean block