Petroleum Economist
Turkmenistan sets out its gas goals
Ashgabat’s ambitions appear to mesh well with China’s growing appetite for gas
Suriname’s upstream enters new era
The country’s offshore basin remains highly competitive and attractive to IOCs, despite the presence of some geological challenges
Central Asian refining suffers under competing powers
Mongolia hopes to launch its first refinery within two years as it seeks to free itself from Russian dependence, while a similar plant in Tajikistan remains inactive six years after its completion
Japan LNG to gain traction from political inertia
The crumbling of the country’s postwar political consensus may bolster the country’s LNG demand outlook by stymieing planned nuclear restarts
China steps back from fresh LNG contracts
The move could have major ramifications for the LNG sector
Letter from Abu Dhabi: AI and the new energy guzzlers
The energy sector will need all viable technologies to meet surging demand as AI and datacentres drain power grids
Letter from Abu Dhabi: AI and the new energy guzzlers (1)
The energy sector will need all viable technologies to meet surging demand as AI and datacentres drain power grids
Nigeria’s first FLNG project faces supply problem
The lack of a gas supply contract means the development is likely to face further delays
Letter from London: OPEC+ is from Mars, markets are from Venus
The move by OPEC+’s inner circle to extend voluntary production cuts once again demonstrates that the oil market continually misunderstands the group
November 2024
The November issue of Petroleum Economist is out now!
COP29 talks agree carbon market standards
Standards have been agreed for a mechanism under Article 6.4 of the Paris Agreement to trade carbon credits internationally
Mopane offers Namibia learning curve
IOCs are focused on the next wave of exploration activity in Namibia and are keen to learn from one another’s results
India ramps up refinery expansions
The country is seeking to secure its position as a major global refiner and meet rising domestic requirements
A collaborative path to decarbonisation
Decarbonising sectors such as steel and cement will require a combination of the most effective technologies, innovative digital solutions and pragmatic policies such as transition credits
Kickstarting VCM crediting for orphan oil wells
Recent project approvals have yielded millions of carbon credits linked to the plugging of the US' abandoned wells
WGLC 2024: Transitioning to leadership
Celebrating its 20th year, the Women’s Global Leadership Conference brought energy industry leaders together to share strategies, challenges, and insights unique to women's leadership and team success
International carbon trading boosted by COP Article 6 deal
Agreements on how to operationalise both Article 6.2 and 6.4 will mean countries can start to trade emissions reductions as part of their contributions to the Paris Agreement
Powering Iraq’s future
Iraq is charting a new path for its indigenous resources and its youth, hoping to electrify the future with a mix of reforms and modernisation to fuel growth
Enabling Iraq’s energy independence
Transforming Iraq’s natural gas sector is the key to the country’s energy self-sufficiency, allowing it to chart a course towards becoming a supply hub for the wider region
Raising the stakes in Iraq
The country's fifth and sixth oil and gas bid rounds have attracted a range of new players with gas as well as oil ambitions—and there’s a seismic shift in the contracting process
Enticing new partners to invest in Iraqi energy security
There are opportunities for attractive returns and greater project success amid a real push by the Iraqi government for reform, as long as there is a shared understanding between the needs of investors and the host government
Regional visions in Iraq
Although Iraq remains a major crude exporter, it is still some way from becoming a regional energy supply hub. Ambitious new cross-border schemes aim to rectify that situation
Turning potential into reality in Iraq
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
Leaders
US oil industry welcomes Trump win
The former president’s victory likely heralds the return of a more market-oriented energy policy
Gunvor on the hunt for opportunities
Trader sees potential for M&A as oil prices come down, says chairman Torbjorn Tornqvist
Forward Intelligence
In Depth
The Middle East conflict and the oil price puzzle
An escalation in the conflict could threaten global oil supplies, so why is the market not reacting?