Exploration & Production
Ultra-deepwater Namibe in doubt, despite ExxonMobil deal
20 November 2020
US major’s investment boosted prospects of Angola’s beleaguered oil sector, but its blocks are unlikely to be economically viable without a crude price rebound
Bright future for Suriname and Guyana
19 November 2020
Expectations are high after a string of upstream successes and both governments ending their political impasses
Impact eyes double farm-out after South Africa expansion
17 November 2020
London-based Impact Oil & Gas bets deepwater exploration has been substantially derisked by nearby mega gas finds
Alberta shelves crude curtailments
12 November 2020
The province’s decision to unwind restrictions hopes for better days ahead. But economics may be against it
Letter from the Middle East: The counter-cyclical unconventional renaissance
10 November 2020
While US shale firms batten down the hatches or seek M&A solutions to their problems, Mid-East Gulf unconventionals are enjoying a revival
PE Live: Easing unitisation tensions in Mexico
9 November 2020
The outcome of upstream discussions could prove to be a turning point for the country’s energy reforms and the future of international participation
Perth Basin could upend Australian gas dynamics
4 November 2020
The frontier province has the potential resources to displace offshore discoveries in the domestic market and even for export
ExxonMobil plans expansion into Namibe basin
4 November 2020
With production declining at its existing Angola assets, the major acquires three licences off the country’s south coast
Surge in Libyan barrels built on shifting sands
4 November 2020
The North African producer faces significant challenges in extending, or even maintaining, its jump in output
Bankrolling the Vaca Muerta
3 November 2020
Buenos Aires will pay out billions to keep the sector afloat despite Argentina’s stark economic crisis
Chevron wades into Israeli gas price dispute
2 November 2020
The major has ruffled Israeli feathers less than a month into its ownership of a key asset
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