News analysis©2015 Petroleum Economist60News analysis12 predictions for 2016 from the brightest minds in energyEnergy leaders set tone for 2016 in industry-defining publication, 24 Nov 2015 00:00:00 GMTIraq’s Ali al-Saady announces flaring rule postponementIraq’s economic recovery has been predicated in part on the growth of gas-fired power generation, but the lack of infrastructure means flaring is inevitable, 18 Nov 2015 00:00:00 GMTAnti-austerity protests hit PetrobrasBrazil's oil sector is in the grip of the worst strike in decades, threatening plans to reform the sector and ease the dreaded local content law - as well as hitting output, 18 Nov 2015 00:00:00 GMTPdV aims to ramp up light oil importsVenezuela's PdV is ramping up imports of light oil to use as diluent at its Orinoco projects, 17 Nov 2015 00:00:00 GMTUK Premier sells Norwegian business for $120mn Premier has quit Norway, selling assets to Det norske oljeselskap in a cash deal worth $120mn, 16 Nov 2015 00:00:00 GMTBG invests further in Australian gas outletsQueensland Gas Company has set up an agreement that will feed the company’s LNG export prospects, 16 Nov 2015 00:00:00 GMTOphir signs Equatorial Guinea LNG heads of agreementOphir hopes to decide on floating LNG plant offshore Equatorial Guinea halfway through 2016, 12 Nov 2015 00:00:00 GMTMOL extends Balkan retail arm following positive Q3MOL reports third-quarter clean, current cost of supplies profit before tax, interest, depreciation and amortisation of forints 198.7bn, 11 Nov 2015 00:00:00 GMTShell launches Canadian Quest carbon capture plantShell has officially launched its Quest CCS project in Alberta, designed to store more than 1mn mt of carbon dioxide annually, 10 Nov 2015 00:00:00 GMTObama nixes Keystone XLAfter seven years, the Keystone XL project has been called off by President Obama, surprising few, 10 Nov 2015 00:00:00 GMTSantos aims to keep multiple bidders at baySantos to raise A$3.5bn to strengthen balance sheet and keep opportunistic bidders at bay, 10 Nov 2015 00:00:00 GMTChess, poker or roulette?Vladimir Putin has certainly rattled western politicians with his actions over the last 15 years and kept his popularity at home high in the process, 05 Nov 2015 00:00:00 GMTAustria's OMV makes €1bn writedown on low oil pricesAustria's OMV announced €1.031bn ($1.1bn) of upstream impairment charges in its third quarter results, 05 Nov 2015 00:00:00 GMTSmog shrouds southeast Asian energy outlookAs leaders gathered for Singapore International Energy Week (SIEW) the city-state was covered in thick smoke, 04 Nov 2015 00:00:00 GMTGolar agrees to provide FSRU for Ghana gas imports Ghana could be the first country in sub-Saharan Africa to play host to a floating storage and regasification unit (FSRU), 04 Nov 2015 00:00:00 GMTUS supermajors to face up to 'grim reality'ExxonMobil and Chevron both saw a sharp fall in profits in the third quarter, but they are charting markedly different courses, 03 Nov 2015 00:00:00 GMTRussia could offer China better gas pricingRussia is well positioned to supply more pipeline gas to China as a weaker currency makes pricing more competitive, 02 Nov 2015 00:00:00 GMTRosneft, ExxonMobil team up in MozambiqueRussian and US majors win rights to explore in three blocks, in Mozambique licensing round, 02 Nov 2015 00:00:00 GMTSingapore sees LNG price indices expandingSingapore is pushing the development of regional Asian LNG trade by encouraging local price discovery, 29 Oct 2015 00:00:00 GMTShell loses $6bn on Q3 writedownsShell has reported a third quarter loss of $6.1bn - net of $8.2bn of upstream writedowns and charges linked to its unsuccessful Arctic drilling, 29 Oct 2015 00:00:00 GMTUS budget deal taps into SPR fundsA budget deal struck by US House Republicans and the White House would see millions of barrels of crude from the Strategic Petroleum Reserve (SPR) sold, 28 Oct 2015 00:00:00 GMTTullow Oil sees oil output boost from Ghana’s TENTullow Oil said its operated Tweneboa Enyenra Ntomme (TEN) development will increase its West African production by 50%, 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 om production slowdown, the country’s petroleum and hydrocarbons minister said, 28 Oct 2015 00:00:00 GMTIEA warns of low oil price dangerGovernments should not count on oil prices remaining low when deciding their energy policies the head of the International Energy Agency (IEA) has warned, 27 Oct 2015 00:00:00 GMTMore US LNG could be sanctionedLNG prices need to rise another 20-25% to sanction new projects, said Charif Souki, the chief executive of Cheniere Energy, 27 Oct 2015 00:00:00 GMTChinese firm buys Texas oilfields for $1.3bnYantai Xinchao is to buy oilfields in Texas’s Permian basin from producers Tall City Exploration and Plymouth Petroleum for around $1.3bn, 27 Oct 2015 00:00:00 GMTLibya gropes towards recoveryState firm NOC says it can recover output quickly and add to capacity. The country’s political disintegration makes this unlikely., 23 Oct 2015 00:00:00 GMTMOL spreads E&P riskMOL Group is spreading its upstream risk more evenly, balancing growth in the relatively stable North Sea, 23 Oct 2015 00:00:00 GMTChina joins EDF in UK nuclear dealThe UK has admitted China into its power-generation market, allowing it to take a stake in the Hinkley Point nuclear plant, 23 Oct 2015 00:00:00 GMTScepter makes $5bn swoop on SantosAustralia’s Santos has rebuffed a A$7.14bn ($5.15bn) takeover bid from Middle Eastern private equity group Scepter, 23 Oct 2015 00:00:00 GMT