Exploration & Production
Opec+ creates Central Asian headache for IOCs
22 May 2020
Foreign companies tapping large fields in and around the Caspian Sea face tricky decisions on production cuts
PE Live: OFSE sector should embrace the transition
22 May 2020
As the pace of the energy transition accelerates, oilfield companies are increasingly applying their engineering expertise to a more diverse range of applications
Petrobras issues stark warning on oil
21 May 2020
Brazilian heavyweight announces huge losses on assets it believes are no longer commercially viable
PE Live: OFSE consolidation needed to attract capital
21 May 2020
Creating larger companies with a greater reliance on technology could provide the stable and larger returns that investors seek
US indies batten down the hatches
19 May 2020
The sector is largely relying on balance sheet resilience to outlast the downturn. But without an imminent oil price recovery the threat of bankruptcy looms large
Muscat's oil plans in disarray
15 May 2020
The sultanate’s upstream development projects have taken short and longer-term hits
PE Live: OFSE sector being reshaped by downturn
14 May 2020
Oilfield services and equipment companies that survive the era of low prices are likely to emerge leaner, more innovative and with a greater focus on green energy
East Med gas going nowhere
13 May 2020
Lebanon’s first offshore well was dry, exploration off Cyprus is on hold—the region’s glitter is looking distinctly faded
Mexico swims against the tide
12 May 2020
Reviving bidding rounds seems the rational answer to the country’s upstream woes. But the government remains defiant for now
Canadian oil industry in dire straits
7 May 2020
Production across the country is in freefall, prompting oil-rich province Alberta to plead for financial support
JOG goes back to the future
6 May 2020
A field already in decommissioning holds no fears for the North Sea newcomer’s bold regional plans
Navigating Norway’s cut
1 May 2020
The non-Opec nation’s decision to join in mandated production restrictions is headline grabbing. But the material impact is open to question
Shell walks away in western Siberia
24 April 2020
Yamalo-Nenets joint venture with Gazprom Neft falls victim to capex cuts
Texas searches for oil industry salvation
23 April 2020
Record low oil prices are compelling the state to consider proration. But greater measures may be needed to stave off financial ruin
Southeast Asian project plans scale back
23 April 2020
Only developments with both low breakeven costs and favourable locations are likely to proceed for the foreseeable future
Total grabs a Ugandan bargain
23 April 2020
Major shows that distressed-seller opportunities are out there for buyers with more robust balance sheets
Adnoc steps off the gas
21 April 2020
Gas is currently the main casualty of Abu Dhabi’s more cautious approach. But that may be only in the short-term
Suriname steps out of the shadows
17 April 2020
Latin American nation becomes latest upstream hotspot on further exploration success
Karabakh find steadies Azeri nerves
17 April 2020
Socar and Equinor’s 440mn bl discovery in the Caspian could mitigate declines at Azerbaijan’s major fields
Alberta’s orphan well crisis
17 April 2020
The province is seeing a sharp rise in the number of inactive wells without operators, and the problem will be expensive to fix
Mexico plays hardball
16 April 2020
Regional outlier initially baulked at Opec’s demand to scale back barrels, before bleeding oil revenues forced a rethink
Algeria’s upstream rebirth is interrupted
14 April 2020
A promised rejuvenation of the hydrocarbons sector and state oil company has been stopped in its tracks
Petrobras targets low-hanging fruit
8 April 2020
Brazilian company revises spending and downgrades production from high-cost assets to lessen financial burden
Kurdish old hands buffeted again
7 April 2020
KRG producers face both global and local headwinds to their expansion plans. At least it’s not their first time round the block
North Sea FIDs suffer slippage
7 April 2020
Two of the three most anticipated project green lights are postponed and a third looks at risk
Arrested development in Africa
7 April 2020
Africa will experience deep cuts and long delays to discretionary capex. But preparatory work continues for when the market recovers