Exploration & Production
Pre-salt buoys Petrobras
23 October 2020
Booming crude production in the region is helping to offset financial shock caused by Covid-19
Petrobras shuffles pre-salt plans
20 October 2020
Long-term production project delayed as economic malaise upends upstream timeline
Tullow seeks state agreement on Turkana costs
19 October 2020
The project has resumed after a five-month halt, but doubts are growing over its future
Covid delays raise fears over project delivery
13 October 2020
Impact of virus-related restrictions on work schedules appears to be increasing
Uganda oil start date in doubt despite crucial agreements
13 October 2020
Pipeline deal with Tanzania and agreement with Total raise hopes of FID—but go-ahead could be delayed until 2022
Keeping US shale afloat
9 October 2020
Improving drilling and completion efficiency is crucial for the industry to accelerate cashflow and remain economically viable
Local firms take Iranian field reins
9 October 2020
Iran has succeeded in expanding its oil and gas production capacity without the help of foreign partners. But at what future cost?
No recovery in sight for US shale
27 September 2020
Barrels may have returned to the market, but lack of drilling and bearish conditions will likely see production fall sharply across Q4
Kosmos sheds frontier portfolio
22 September 2020
Explorer divests non-core assets to cut costs and focus attention on proven basins
Petrobras pulls back spending
18 September 2020
Spotlight falls on pre-salt production as Latin American NOC dials down capex
Pemex scales back upstream goals
11 September 2020
The strained producer downgrades its 2021 forecast as rapid economic recovery looks doubtful
ExxonMobil makes further ripples in Guyana
8 September 2020
The South American country’s prolific upstream shows no sign of slowing as another two oil finds are added to the growing list
Schlumberger sheds US shale
4 September 2020
Major oilfield services player reshuffles portfolio to cope with dearth of work and spiralling costs
Mozambique projects adjust to life in a war zone
4 September 2020
The war in Cabo Delgado is intensifying, but work on Total’s LNG project continues
Canada’s oil sands under siege
28 August 2020
A scarcity of investment options is compounding the rapid exodus of international firms
Rosneft announces Kara comeback
27 August 2020
Sechin confirms drilling has restarted in the Russian Arctic shelf, despite high costs and ongoing sanctions
Vietnam battles for IOCs as China turns up the heat
18 August 2020
China is intensifying its pressure on Hanoi to halt IOCs’ offshore drilling activities. Some have already withdrawn and others may follow
Rosneft strikes again in the Arctic
13 August 2020
The Russian oil firm has added more reserves to its ambitious Vostok Oil project
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