Production dips on Opec and non-Opec figures
30 September 2010
Global oil production fell by 250,000 b/d month-on-month to 84.6m b/d in August, mainly because of lower non-Opec output, which slipped by 0.2m b/d to 52.4m b/d, says the IEA
Crude prices slide
1 September 2010
Oil prices, which topped more than $82/b earlier in August, were softening as the month moved on, amid renewed worries over the global economy, record-high stocks in the US and a dip in Chinese demand
Oil production up on hot summer, US baseline and Chinese supply
1 September 2010
Global oil output rose by 0.86m b/d to 85m b/d in July, as seasonal maintenance in Norway ended and Opec boosted supply
Blame row threatens Niger Delta clean-up progress
31 August 2010
The argument over whether it is thieves and saboteurs, or oil companies that are mainly to blame for oil-spill damage in the Niger Delta is threatening progress in cleaning up the region
Cenovus open to Chinese investment
26 August 2010
Cenovus's extensive oil-sands resources mean "decades of double-digit growth". And the firm may accelerate development through a series of partnerships – possibly with Chinese investors. Chief executive Brian Ferguson talks to Tom Nicholls
Crude prices slide
19 August 2010
Oil prices, which topped more than $82/b earlier in August, were softening as the month moved on, amid renewed worries over the global economy, record-high stocks in the US and a dip in Chinese demand
Karachaganak group will sell stake to state
19 August 2010
Shareholders in Karachaganak Petroleum Operating (KPO), the last foreign-only consortium running a large project in Kazakhstan, will cede 10% of the project to the state.
Canada's deep, Arctic waters attract big oil
19 August 2010
Several of the world's largest oil and gas producers are extending their reach into the deep-water Canadian Beaufort Sea
UK nuclear needs market reform
12 August 2010
WITH a commitment to cut carbon emissions by 34% by 2020, and little of its own money to spend, the UK government needs to encourage private investment into low-carbon generation. Nuclear power must play a key role in this, but there are regulatory obstacles to the kind of long-term investment needed. A carbon floor price and an obligation for traders to buy low-carbon power under long-term contracts are the two sticking points.
Matthew Simmons, guru of peak-oil movement, has died
11 August 2010
MATTHEW Simmons, the industry insider who broke ranks to proclaim the dangers of peak oil, died at his home in North Haven, Maine on 9 August. He was 67.
Gulf oil spill: Wasted reputations
5 August 2010
Stopping the flow from the Macondo well is not the end of the Deepwater Horizon affair. Along with BP, environmentalists and the US government must rebuild credibility that has been lacking in the aftermath of the accident
BP's US downstream business, an attractive asset
3 August 2010
BP's asset-sale programme will be critical to the company's efforts to reassure investors, but is its US refining and marketing business the right asset to sell, asks Miles Lang
Colombia's Ecopetrol thinks big
3 August 2010
Ecopetrol's $80bn investment target – 80% in the upstream – will require extensive use of capital markets
BP to sell Colombian business
3 August 2010
BP's latest sale in its $30bn asset-disposal programme is 100% of the shares in its Colombian business
Hurricane season arrives, strengthening prices
29 July 2010
Crude oil futures, still maintaining a range within a couple dollars either side of Opec's long-term target of $75/b, were on the rise as Petroleum Economist went to press, with storms in the Gulf of Mexico the main driver
Oil supply dips, regional growth slows
29 July 2010
Global oil supply fell by 255,000 b/d to 83.95m b/d in June, because of both lower Opec and non-Opec output, says the IEA
Tony Hayward: The fall guy
27 July 2010
Tony Hayward's departure from BP says as much about the lynch-mob mentality on display in Congress as it does about his failings as a chief executive
BP: Hayward out, Dudley in
27 July 2010
BP hopes to end the crisis that has engulfed the major since the Deepwater Horizon catastrophe by replacing Tony Hayward as CEO
BP sheds assets
22 July 2010
BP's upstream deal with Apache will provide $7bn towards the company's clean-up operations in the US Gulf
Deepwater Horizon: BP's Macondo well capped at last
22 July 2010
Oil has stopped flowing from BP's blown-out well in the US Gulf, but the company is at odds with the government over what to do next
Why China is buying into North American shale gas
22 July 2010
North America's shale-gas companies have two things China wants: expertise and LNG
The North Sea: too-slowly does it
22 July 2010
Endeavour's dispute over UK North Sea infrastructure access is important for every oil or gas company operating in the region
Oil spill ramifications spread beyond the Gulf
15 July 2010
The Deepwater Horizon disaster will have ramifications for deep-water drilling, not only in the Gulf of Mexico, but worldwide, as countries tighten their regulatory regimes, writes Anne Feltus