Exploration & Production
Inaugural Somali regulator plots confident course
11 August 2020
Newly appointed Somali Petroleum Authority chairman and CEO Ibrahim Ali Hussein speaks to Petroleum Economist about his hopes for the Somali oil and gas industry
Oman leans towards bilateral awards
11 August 2020
The sultanate’s drawn-out bid round is ending in a whimper as breakout gas contracting discussions take priority
Pharos’ main man goes back to the East Med future
7 August 2020
The independent’s CEO was making oil discoveries in the Gulf of Sinai in the 1970s. Now he is back in the region
Independent E&P journey ‘can be done again’
7 August 2020
Ex-Tullow man thinks that doom and gloom about the global upstream business is overdone
Petrobras undeterred by tumbling profits
6 August 2020
Hefty financial losses and a depressed oil market fail to sway Brazilian NOC from pursuing ambitious upstream strategy
Egyptian optimism
5 August 2020
One of the more regressive fiscal regimes and a generally challenging environment are not enough to dampen United Oil & Gas’ enthusiasm for the Western Desert.
Central bank holds key to Gabon’s oil future
30 July 2020
If oil companies are forced to hold revenues in the local currency—combined with mandated Opec cuts—the Central African country will struggle to attract the new investment it desires
Canadian oil sands compound their image problem
25 July 2020
Emission pledges are being rolled back to counter adverse economic conditions, reinforcing a sense the sector is not serious about lowering its carbon footprint
Iraq and Iran move further apart
24 July 2020
Baghdad’s pivot away from its neighbour is increasingly extending to their shared resources
Gazprom Neft takes the lead in Russian hard-to-recover oil
21 July 2020
More-challenging reserves are expected to account for an increasing share of the country’s production over the coming decades
Piling the pressure on US LTO
21 July 2020
The country’s production may struggle to return even to its pre-pandemic levels, while growing to new heights seems a distant prospect
NPD warns on Norwegian development delays
17 July 2020
Industry watchdog fears that Covid-19 will impact schedules
Covid-19 puts African energy on pause
16 July 2020
Discoveries have been almost non-existent since the pandemic, and investments in the power sector have stalled despite urgent need
Projects progress on Norwegian tax postponements
14 July 2020
Oslo’s stimulus package reaps immediate rewards
China’s domestic gas steps up
13 July 2020
Shale gas helps keep—albeit revised—targets well in sight
Congo’s disappearing discovery
9 July 2020
The Republic of Congo’s announcement of a major discovery appears to be targeted more at extorting EU environmentalists and multilateral lenders than attracting IOCs
Australian upstream rejects politicians’ call for A$4 gas
8 July 2020
Producers insist the costs of producing gas domestically—as well as prevailing spot prices—significantly exceed the historic benchmark price level
No rebound in sight for US shale
30 June 2020
Domestic crude production will continue to be squeezed despite the modest oil price upturn and faces a long-term existential threat in the form of the Democratic manifesto
Guyana must embrace transparency to realise oil wealth
25 June 2020
Grasping the lessons from the mistakes of other countries in the region will be vital to maximising the country’s resource potential
Analysts fret on Hurricane’s single well reliance
16 June 2020
The North Sea fractured basement specialist’s dependence on one producing well at its Lancaster project is causing concern
BP cuts its price in Premier deal
5 June 2020
The major will take a much lower upfront fee with more to follow from production revenues and if prices recover
Nigeria has a major problem
5 June 2020
Opec production cuts matter far less than international companies deciding to scale back production and capex
PE Live: Decommissioning throws up opportunities
5 June 2020
Picking up the tab for end-of-life liabilities is inevitably a thorny issue in a mature basin. But decommissioning offers pros as well as cons
Angola revival stalled by global demand slump
26 May 2020
Sharply lower oil prices mean the West African country will find it difficult to finance the investment needed to replace its ageing offshore fields
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