Upstreamhttp://www.petroleum-economist.com/RSS.aspx?FeedID=2155©2016 Petroleum Economist60UpstreamCanada's oil sands get a tax reprieveThe slump in crude prices has nixed Alberta's plans to raise royalties. The province retains its generous investment regimehttp://www.petroleum-economist.com/Article/3527670/Canadas-oil-sands-get-a-tax-reprieve.htmlMon, 08 Feb 2016 00:00:00 GMTBottoming out: the fragile recovery of the oil marketThe good news is that the fundamentals should start to improve. But speculation abounds that oil could get caught in the wider market downdrafthttp://www.petroleum-economist.com/Article/3523877/Bottoming-out-the-fragile-recovery-of-the-oil-market.htmlTue, 26 Jan 2016 00:00:00 GMTUKCS: Still got it at 50Despite low oil prices and extensive job losses, UK North Sea production isn't going into meltdownhttp://www.petroleum-economist.com/Article/3522083/UKCS-Still-got-it-at-50.htmlThu, 21 Jan 2016 00:00:00 GMTQuestions surround oilfield services M&A activity Difficult trading conditions bring uncertainty to M&A activity in a tense oilfield services sectorhttp://www.petroleum-economist.com/Article/3521923/Questions-surround-oilfield-services-M-A-activity.htmlTue, 19 Jan 2016 00:00:00 GMTWill Iran's opening be slower than expected?Sanctions are about to be lifted but Iran is finding it difficult to convince foreign oil companies to invest in its ambitious oil and gas programmehttp://www.petroleum-economist.com/Article/3521110/Will-Irans-opening-be-slower-than-expected.htmlThu, 14 Jan 2016 00:00:00 GMTThe deepening crisis at Sete BrasilThe Brazilian rig builder once had a bright future. Now the Carwash scandal and mounting debts have left it on the brink of bankruptcy http://www.petroleum-economist.com/Article/3520188/The-deepening-crisis-at-Sete-Brasil.htmlTue, 12 Jan 2016 00:00:00 GMTCan the EU cope without Groningen?Output from the Netherlands’ giant gasfield, a stalwart of European gas supplies for decades, is falling sharply, increasing the continent’s need for importshttp://www.petroleum-economist.com/Article/3519290/Can-the-EU-cope-without-Groningen.htmlThu, 07 Jan 2016 00:00:00 GMTUsing LNG as shipping fuel is a "game changer"Emission controls in European and North American waters mean more shipowners are ordering vessels that run on cleaner LNG, but it may remain a marginal fuel in global shipping without further instruction from the UN’s International Maritime Organisationhttp://www.petroleum-economist.com/Article/3515082/Using-LNG-as-shipping-fuel-is-a-game-changer.htmlThu, 17 Dec 2015 00:00:00 GMTChoppy waters ahead for Equatorial Guinea as production declinesMinister of mines, industry and energy, Gabriel Obiang Lima, is taking a hard line with investors amid low oil prices and falling outputhttp://www.petroleum-economist.com/Article/3513073/Choppy-waters-ahead-for-Equatorial-Guinea-as-production-declines.htmlWed, 09 Dec 2015 00:00:00 GMTStatoil drops leases in the US Arctic Norway’s state-controlled oil producer has followed Shell out of the high-cost, high-risk Arctic, but downplays the extent of the costs it has incurred therehttp://www.petroleum-economist.com/Article/3507405/Statoil-drops-leases-in-the-US-Arctic.htmlWed, 18 Nov 2015 00:00:00 GMTIraq’s Ali al-Saady postpones flaring rule Economic recovery has been predicated in part on the growth of gas-fired power generation, but the lack of infrastructure in Iraq means flaring is inevitablehttp://www.petroleum-economist.com/Article/3507401/Iraqs-Ali-al-Saady-postpones-flaring-rule.htmlWed, 18 Nov 2015 00:00:00 GMTUK Premier sells Norwegian business for $120mPremier has quit Norway, selling assets to Det norske oljeselskap in a cash deal worth $120mhttp://www.petroleum-economist.com/Article/3506657/UK-Premier-sells-Norwegian-business-for-120m.htmlMon, 16 Nov 2015 00:00:00 GMTMarathon Oil sells Gulf of Mexico fields in $205m deal An anonymous buyer secured most of Marathon Oil's GoM fields in a major restructuring by the US companyhttp://www.petroleum-economist.com/Article/3505406/Marathon-Oil-sells-Gulf-of-Mexico-fields-in-205m-deal.htmlWed, 11 Nov 2015 00:00:00 GMTShell launches Canadian carbon capture plant QuestThe company has officially launched its Quest CCS project in Alberta, designed to store more than 1m mt of carbon dioxide annuallyhttp://www.petroleum-economist.com/Article/3505227/Shell-launches-Canadian-carbon-capture-plant-Quest.htmlTue, 10 Nov 2015 00:00:00 GMTRosneft and ExxonMobil team up in MozambiqueRussian and US majors win rights to explore in three blocks in Mozambique licensing roundhttp://www.petroleum-economist.com/Article/3502656/Rosneft-and-ExxonMobil-team-up-in-Mozambique.htmlMon, 02 Nov 2015 00:00:00 GMTTullow Oil to increase West African production by 50%The company said the increase is a result of Ghana's operated Tweneboa Enyenra Ntomme (TEN) development http://www.petroleum-economist.com/Article/3501261/Tullow-Oil-to-increase-West-African-production-by-50.htmlWed, 28 Oct 2015 00:00:00 GMTGabon launches new oil bidding round Gabon officially launched a 2016 offshore bid round, offering five deep fields targeting a reversal on production slowdown, the country’s petroleum and hydrocarbons minister saidhttp://www.petroleum-economist.com/Article/3501267/Gabon-launches-new-oil-bidding-round.htmlWed, 28 Oct 2015 00:00:00 GMTTwo major fields reopen in Libya as disputes are settled, says NOCState firm NOC says it can recover output quickly and add to capacity, but some believe the country’s political disintegration makes this unlikelyhttp://www.petroleum-economist.com/Article/3500040/Two-major-fields-reopen-in-Libya-as-disputes-are-settled-says-NOC.htmlFri, 23 Oct 2015 00:00:00 GMTMOL spreads exploration and production riskThe Hungarian MOL Group is spreading its upstream risk more evenly, balancing growth in the relatively stable North Seahttp://www.petroleum-economist.com/Article/3500039/MOL-spreads-exploration-and-production-risk.htmlFri, 23 Oct 2015 00:00:00 GMTShell cautious on Mexico's oil reforms Oil major Shell hasn’t been won over by Mexico’s oil reforms yet, with much public sector work to be done http://www.petroleum-economist.com/Article/3499274/Shell-cautious-on-Mexicos-oil-reforms.htmlWed, 21 Oct 2015 00:00:00 GMTNorway completes Polarled line under budgetWork on the 26.6bn m³/yr Polarled line is now done. It is the first pipeline on the Norwegian continental shelf to cross the Arctic Circlehttp://www.petroleum-economist.com/Article/3499079/Norway-completes-Polarled-line-under-budget.htmlTue, 20 Oct 2015 00:00:00 GMTDEA expands with $1.6bn Norway dealHamburg-based DEA, said on 14 October it will pay $1.6bn to German utility E.ON for its Norwegian upstream businesshttp://www.petroleum-economist.com/Article/3497784/DEA-expands-with-16bn-Norway-deal.htmlThu, 15 Oct 2015 00:00:00 GMTBrazil’s 13th licensing round flops after 14% of blocks soldBrazilian oil industry suffered the worst result in a decade, with only 37 of 266 blocks awardedhttp://www.petroleum-economist.com/Article/3497782/Brazils-13th-licensing-round-flops-after-14-of-blocks-sold.htmlThu, 15 Oct 2015 00:00:00 GMTMexico finds success in second oil auctionAfter a disappointing first auction, Mexico’s historic oil opening regained momentum with a successful second bid round on 30 Septemberhttp://www.petroleum-economist.com/Article/3495616/Mexico-finds-success-in-second-oil-auction.htmlThu, 08 Oct 2015 00:00:00 GMTKazakhstan is the second worst country for investors, says YerginAward winning author of The Prize, Daniel Yergin, says Kazakhstan needs to change what they're offering to secure investmentshttp://www.petroleum-economist.com/Article/3495615/Kazakhstan-is-the-second-worst-country-for-investors-says-Yergin.htmlThu, 08 Oct 2015 00:00:00 GMTHope for UK oil industry at Offshore Europe conference The conference in Aberdeen presented a "do or die" challenge for the UK's offshore interests amid tough circumstances http://www.petroleum-economist.com/Article/3493293/Hope-for-UK-oil-industry-at-Offshore-Europe-conference.htmlWed, 30 Sep 2015 00:00:00 GMTIraq struggles to plug the financing gap amid low oil pricesBaghdad is facing a cash crisis, while losing control of its northern oil assetshttp://www.petroleum-economist.com/Article/3493288/Iraq-struggles-to-plug-the-financing-gap-amid-low-oil-prices.htmlWed, 30 Sep 2015 00:00:00 GMTKey petroleum legislation delayed in South AfricaUntil the Mineral Petroleum Resource Development Act (MPRDA) is passed investments are uncertainhttp://www.petroleum-economist.com/Article/3493284/Key-petroleum-legislation-delayed-in-South-Africa.htmlWed, 30 Sep 2015 00:00:00 GMTAsian NOCs eye upstream build amid low oil pricesWith oil prices low and forecast to remain that way, governments are looking to strengthen their hand through acquisitionshttp://www.petroleum-economist.com/Article/3493280/Asian-NOCs-eye-upstream-build-amid-low-oil-prices.htmlWed, 30 Sep 2015 00:00:00 GMTShell concedes defeat in the Arctic after poor resultsThe company have abandoned the multi-billion dollar drilling campaign after facing difficulty in the regionhttp://www.petroleum-economist.com/Article/3492227/Shell-concedes-defeat-in-the-Arctic-after-poor-results.htmlMon, 28 Sep 2015 00:00:00 GMT