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          Petroleum Economist November 2008 Issue

          Leader

          Back in the oil-price cycle

          Analysis

          Markets

          Opec cuts and the market shrugs

          The global economic downturn is eroding oil demand. Opec's cut last month – 1.5m b/d – might slow the fall in oil prices, but the outlook is bleak for producers, writes Derek Brower

          Mergers and acquisitions

          The price is right

          The credit crisis presents cash-rich companies with a buying opportunity, writes Tom Nicholls

          Canada

          Testing times for Alberta's oil sands

          With project costs rising and credit hard to secure, forecasts for oil-sands production are being scaled back, writes WJ Simpson

          Confusion reigns over energy policy

          October's federal election barely changed the balance of power, but the Conservative party's energy plans face growing opposition, writes WJ Simpson

          The Report Card

          Gazprom: the mighty is falling

          With its share price in free fall, how will Gazprom's plan for world domination be affected? Derek Brower reports

          Russia

          Nord Stream inches closer

          Gazprom's plan to supply Europe with two new pipelines has received an unlikely boost from the EU. But opposition is still strong, writes Derek Brower

          Liquefied natural gas

          Sellers' market here to stay

          An LNG supply crunch looks inevitable around 2011/13, but what about the years beyond, asks Alex Forbes?

          Alaskan export future under pressure

          Plenty more from Africa

          Africa's LNG export capacity – already more than a quarter of the world total – could double over the coming five years, with more to come after that if plans under discussion firm up. The main brakes on development are rising construction costs and, in Nigeria, security concerns, Martin Quinlan writes

          Australia's grand plans

          There are plans for up to 68m t/y of new export capacity in Australia. If all these projects come to fruition, they would help to relieve an increasingly tight supply situation, writes Ian Lewis

          CSG 4 LNG: a fine romance?

          The majors are fighting over coal-seam gas, conventional natural gas' ugly sister. But how long will the infatuation last? Ian Lewis writes

          Focus

          Markets

          World economy enters the deep freeze

          Exploration and production

          Iraq: IOCs offered tough upstream terms

          US: Offshore drilling ban expires

          Angola: More deep-water success for BP and Eni

          Cuba claims oil jackpot

          Norway: Record APA applications

          Recruitment

          Plugging the capability gap

          Natural gas

          Turkmenistan: Proved reserves sufficient to meet export contracts

          Iran: LNG projects on hold as pipeline plans take centre stage

          Russia targets South Korea

          Nigeria: Pipeline to Europe back on the agenda

          Alternative energy

          Staying green in a crisis

          Portugal: Surf's up

          Power

          Turkey: Attempts to diversify energy supply, hit a wall and a US blockade

          News&Markets

          News in brief

          The Back Page

          The future-fuels puzzle

          No-one knows what the future of transportation will look like, but Shell's Jack Jacometti believes GTL fuel will form a big part of the puzzle. Interview by Tom Nicholls

          Markets

          Oil prices on the slide

          World oil and gas production

          Oil production continues to decline


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