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New Zealand is back open for business
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
New Zealand’s gas horror story will haunt for years to come
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
OPEC presses pause
The group’s oil production declined in November, our latest analysis finds, amid divided sentiment over market balances and geopolitical jitters
Learning from oil’s supercycle miss
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
Letter from London: Oil’s golden triangle
The interplay between OPEC+, China and the US will define oil markets throughout 2026
Libya’s upstream caught between hope and caution
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
Equinor: Keeping offshore
The Norwegian NOC has used its offshore oil and gas prowess to expand into offshore wind, but project setbacks and lower returns are a concern for investors
Reality bites for Indonesia’s oil ambition
A more pragmatic approach has seen the country reverse its production decline in 2025 but its 1m b/d target still seems out of reach
The complex crude glut picture
The swelling crude supply story involves the key plot twists of reluctant buyers, limited oil stocks and refiners playing the long game
Alberta’s energy hub sees silver lining
US tariffs bolster Alberta’s Industrial Heartland exports to Asia
Dr Omar Farouk Ibrahim, Appo secretary general
Upstream Markets
Simon Ferrie
12 May 2023
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Africa must end foreign dependence, says Appo

Regional energy body pushes for new strategies to develop the continent’s resources

Africa has enormous hydrocarbon reserves and yet the majority of the continent’s population has only limited access to energy. Despite that disparity, critics in the West condemn new oil and gas projects in Africa in the name of the environment and the energy transition, even as European governments and IOCs look south with renewed interest, believing African resources can help ensure security of supply in the post-Ukraine invasion world. The African Petroleum Producers’ Organization (Appo), meanwhile, has its own pro-development agenda, emphasising a move away from dependence on the West. Appo secretary general Dr Omar Farouk Ibrahim spoke to Petroleum Economist about those plans and the wi

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New Zealand is back open for business
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
New Zealand’s gas horror story will haunt for years to come
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal

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