Petroleum Economist
Letter on transition: Which future should IOCs be investing in?
In an age of ‘poly crisis’ and ‘radical uncertainty’ the only thing we can say about the future is that it will not be business as usual
From the Archives: Baghdad and Beirut
Our look into Petroleum Economist's archives continues with October 1960 coverage of another key moment in the history of oil and gas: the founding of OPEC
US election means little to Tehran and Caracas
Geopolitical strife embroiling Iran and political corruption in Venezuela suggest little near-term change to oil production from either of the sanctioned states
Rising Bakken gas output an opportunity, not a threat
The formation’s gas-to-oil ratio is set to keep rising, but new markets and midstream plans mean infrastructure constraints may not be an issue
China’s changing role as an oil consumer
Economic ill-health may be a wake-up call to the world about the Asian nation’s shifting oil buying status
UK backs low-carbon hubs with $28b funding pledge
Boost for CCUS and blue hydrogen projects as government confirms funding for HyNet and East Coast clusters
Chaos the new normal for Libya’s oil sector
Hopes for a recovery by the North African oil producer remain in tatters
US LNG embedded in Europe's energy security quest
Geopolitical developments and market shifts mean US LNG will be a vital component in Europe's energy strategy and decarbonisation efforts
Letter from the US: Talk is cheap in US presidential election
History shows us that there is a long way to go from candidate proposals to policy implementation
Aramco advances gas and LNG strategies on all fronts
Saudi Arabia has made major advances in realising its gas ambitions this year, but challenges remain
Energy markets face bifurcation point as US election looms
Either Donald Trump or Kamala Harris will enter the White House as president in January 2025, and the gulf between their energy and climate policy agendas will have global implications
October 2024
The October issue of Petroleum Economist is out now!
Gulf Energy Information Excellence Awards winners honoured at live gala
The Gulf Energy Information Excellence Awards 2024 celebrated the industry's top innovators at a gala in Houston, recognising achievements in categories ranging from digital transformation to sustainability
Gulf Energy Information Excellence Awards winners honoured at live gala (1)
The Gulf Energy Information Excellence Awards 2024 celebrated the industry's top innovators at a gala in Houston, recognising achievements in categories ranging from digital transformation to sustainability
India strengthens its oil arteries
Industry investing in significant pipeline infrastructure to further improve the efficiencies of its network and cut costs
Turkey’s grand gas hub plan, part 1: Caspian commitments?
The country is looking to position itself as a bridge for gas supplies from east to west, but whether Europe will need this gas remains to be seen
OPEC+ unity critical for oil industry
UAE energy minister warns oil sector of the chaos that may ensue without OPEC+ market management
Turkey’s grand gas hub plan, part 2: The Russia question
The EU may be officially phasing out Russian gas, but in reality there remains potential for Turkey to help Moscow repackage its molecules for westward transit
From the Archives: October revolution
The Arab oil embargo of 1973 was a turning point for the global oil and gas industry. As part of our 90th anniversary series, we republish how Petroleum Economist covered this critical story
Iran and Libya supply fortunes highlight market risks
The impact from Libya’s lost barrels versus the threats to Iranian supply highlight the type of buffer in the oil market and the demand implications
Dii Desert summit targets transition obstacles
Keynotes on first day of Dii Desert Energy Leadership Summit celebrated 15 years of progress and outlined strategies for accelerating clean energy
From the Archives: Time for action from OPEC
In our final look back into the Petroleum Economist archives, we turn the clock back to September 2016
Dii summit tackles carbon pricing
Experts debate carbon pricing and fossil fuel subsidies in the MENA region on second day of summit
Russia reaches for nationalisation
There is a growing impulse to nationalise Russia’s energy sector out of its difficulties, but any steps in this direction would not be taken overnight
WGLC celebrates 20 years
Gulf Energy Information will host the largest women's event in the energy industry on 19–20 November in Houston, Texas
Letter from the US: Is oil barreling down the gas highway?
The oil markets may be poised to experience a price slump mirroring the history of the gas sector
WGLC celebrates 20 years (1)
Gulf Energy Information will host the largest women's event in the energy industry on 19–20 November in Houston, Texas
Freight rates chart their own course amid turmoil
For the tanker market, recent escalation in the Mideast conflict has largely been offset by soft fundamentals
IOCs undeterred by Middle East conflict
Companies operating offshore assets in the region are unlikely to halt development plans for now, even as hostilities intensify
Sonangol must escape former regime’s shadow to achieve IPO
Angola is unlikely to meet the official timeline for an IPO of state-owned oil giant Sonangol in 2026
Gulf of Mexico’s deepwater expansion, part 1: High pressure, high rewards
Majors in the region are pushing boundaries and could see significant upside, but longer-term risks remain
Japanese election paves way for new energy strategy
Next government faces the difficult task of balancing decarbonisation ambitions with energy security realities
Oil cannot escape Mideast conflict forever
Markets have seen no material disruption from the war so far, but as the fighting goes on it is a matter of when, not if
Gulf of Mexico’s deepwater expansion, part 2: Existing assets
Producers in the region see significant gains to be made by boosting output using the infrastructure already in place
Latin America feels the heat
Extreme weather conditions are compounding upstream challenges and pressuring governments across the region
African divestment deals are back in the frame
After some delay, the much-heralded sale of oil and gas companies’ mature upstream assets in sub-Saharan Africa has gained fresh momentum, with a clutch of deals reaching completion
1PointFive lines up carbon network for Texas sequestration hub
Occidental subsidiary signs agreement with Enterprise Products Partners for pipelines and transport services for Bluebonnet hub
New regulations pose risks for Thai refiners
Attempts to control domestic fuel prices could threaten supply
Malaysia looks to deepwater to sustain output
The country is nearing a tipping point as its domestic needs continue to grow
Is Russia lost in transition?
Russia still aspires to become a major supplier of hydrogen, CO₂ storage capacity and carbon credits, despite financial constraints and the loss of Western technology and expertise