Leaders
Namibian energy minister wants gas master plan
African nation eyes roadmap for associated gas, complicating IOCs’ oil exploration activities
Forward Intelligence
Oil producers under pressure in 2025
Trump may get his wish for cheaper oil, but prices will more likely be driven by fundamentals than policies
OPEC output down in December as UAE, Iraq slash supply
New Petroleum Economist OPEC+ oil survey sees group improve compliance to ensure oil market stability going into 2025
OPEC and IEA divergence highlights assumption blackspots
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
Europe faces test of gas resolve
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
Oil market should maintain fragile balance in 2025
Petroleum Economist analysis sees ICE Brent averaging $79/bl in 2025 as misfiring non-OPEC+ oil supply overshadows tepid demand growth
Big oil won, ESG lost
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
Letters
Letter from London: Deepwater brimming with confidence for 2025
With Namibia, Guyana and Brazil playing starring roles and important innovations being developed, business as usual has never looked so good
Letter from the US: Trump and $1 gasoline
The oil and gas industry will replace its capital discipline with Trump compliance and consumers will benefit from lower gasoline prices
Letter on transition: The great energy fatigue
Progress on the energy transition has slowed or even stopped, with greater societal engagement we can revitalise it
Americas
The tug-of-war over Alaska’s energy economy
Alaska has been engulfed by a lack of consistent policymaking and highlights the challenges financing energy projects in the US
Gulf of Mexico is US oil’s engine room in 2025
Several projects are expected to boost production this year as strategically important region looks to environmental rules, fiscal policies, oil prices and demand trends longer term
Trump’s oil market trade-off
Following through on threats to key oil producers while simultaneously bringing down prices will prove a tricky balancing act
Chevron joins AI gas-to-power push
Oil and gas firm backs Trump agenda as it unveils plan to deploy gas-fired capacity to power US datacentres
Canada re-evaluates energy security with elections on horizon
The threat of Trump tariffs and the departure of Trudeau have sharpened the domestic political focus on boosting the oil and gas industry
Mexico’s energy ambitions weigh heavily on Pemex
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift
Asia Pacific
India adopts ‘drill, baby, drill’ approach
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
Indian refiners face sourcing dilemma
With new capacity, buyers must navigate sanctioned Russian crude, a return to traditional OPEC barrels and diversity of supply
Myanmar LNG import terminal back on table
Growing appetite for LNG reinvigorates discussions between China and Myanmar, but civil war may prevent talk becoming action
Thailand and Cambodia eye oil and gas detente
Asian neighbours seek resolution on territorial dispute for hydrocarbons development that has spanned decades
EMEA
Europe faces perilous year without Ukraine gas transit
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
Turkey shows Europe its gas hand
Country offers to boost gas exports to Europe to 10bcm/yr, but serious questions remain
Qatari warning on EU legislation resonates across industry
The CEO of QatarEnergy has highlighted the potential impact a new EU directive could have on energy exports to the continent
Syria’s energy sector sees glimmers of hope
Oil industry has potential for revitalisation despite political uncertainty and damage to infrastructure
Africa’s new breed of buyers eye production ramp-ups
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
Carbon Economist
Southeast Asia unlocks its carbon trading potential
Governments working at pace to create compliance and voluntary markets and carbon tax regimes, with Indonesia, Malaysia, Singapore among the frontrunners
SLB sees CCS growth in power sector
Demand for CCS to abate new gas-fired plants is rising as datacentres seek low-carbon power, Frederik Majkut, SVP of industrial decarbonisation, tells Carbon Economist
Letter on Transition: Energy’s climate question faces crucial test
There is a growing feeling that it will not take much for heavy international hitters to follow the US out of the Paris Agreement
EU ETS prices rally on cold weather and high gas prices
Rising prices have added to concerns over CBAM impact on the competitiveness of EU manufacturing
ADNOC diversifies its decarb strategy
The UAE’s oil and gas company puts its faith in technologies including CCS and AI to deliver its emission-reduction goals
MENA NOCs secure influence in low-carbon future
Regional state-owned firms are transforming their strategies and leveraging their resources to position themselves as clean energy powerhouses, and to ensure they maintain influence in a low-carbon world
Trump administration must state its position on climate and energy
The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition
Digital Exclusives
Gulf and DECHEMA partner to launch ChemE Show—Powered by ACHEMA in 2026
This premier event is poised to address the evolving technology and investment demands of North America’s thriving chemical and pharmaceutical sectors
Five trends that will shape oil, gas and energy in 2025
A renewed push for oil and gas production in the US combined with a continued focus on decarbonisation are just two of the trends to look out for in the coming year
Commercial decisions, not Trump, will determine US oil production
Capacity additions during the Biden administration were the highest for a single-term president
India overhauls E&P regulations in a bid to raise domestic hydrocarbon production
How legislative reforms and ambitious exploration plans are transforming India into a global energy investment hotspot—and why international investors are taking notice
Why we should watch Kazakhstan in 2025
The country’s oil and gas giant, KazMunayGas, is pushing ahead with a series of significant international partnerships