Tagged With Upstream
Indie Arrow targets rapid production growth
10 April 2024
Fears that left-leaning President Petro’s government would signal the end for Colombia’s oil industry appear unfounded
Equinor streamlines its offshore strategy
3 April 2024
Exploration is providing mixed fortunes for IOCs amid higher costs, prompting firms to look towards M&A and safer plays
Norwegian North Sea proving resilient
25 March 2024
Low carbon intensity and sizeable projects such as Johan Castberg coming onstream in late 2024 suggest a robust outlook at least until 2030
Australia’s Carnarvon eyes NWS resources
22 March 2024
And the outlook for the country’s upstream appears to have improved following legal setbacks in 2023
North Sea production to see minor boost
20 March 2024
Taxation strategies in UK and Norway to continue to play important role for a region in which significant volumes of medium sour have offset the loss of similar quality Russian barrels and balanced the influx of US light sweet grades
Time running out for UK North Sea
18 March 2024
Smaller projects provide opportunities, but basin maturity and policy shifts amid political uncertainty signal a significant decline by the end of the decade
CNOOC gears up for offshore challenge
13 March 2024
China’s state-controlled offshore specialist is looking to bump up output again this year is it turns its attention to more-difficult assets
Canadian crude oil’s last big push
11 March 2024
Oil sands set to provide growth over next few years, but infrastructure and policy hurdles could stifle momentum further out
Letter from the UK: A positive legacy for OPEC?
27 February 2024
Oil producer group could spearhead the shift to cleaner energy in member countries and be part of transition solution
Invictus working on Zimbabwe PSC
23 February 2024
The once-pariah nation could become a regional exporter in energy-starved southern Africa, according to MD Scott Macmillan
Australian upstream laments government grip on gas prices
21 February 2024
The industry is calling for the return to market-led price-setting on the east coast
Letter from India: Oil and gas crucial to future energy security
12 February 2024
Krishna-Godavari Basin success underscores importance of drive towards energy independence amid an ‘all-hands’ approach
Namibia continues to yield exploration success
12 February 2024
TotalEnergies explains it is seeking the ‘sweet spots’ to develop fields with unevenly distributed resources
EnergyPathways advances UK Irish Sea ambitions
7 February 2024
The AIM-listed firm sees its gas plans as meshing with UK energy transition goals
Colombia’s upstream set for decline
31 January 2024
Political decision-making casts doubt on the Latin American country’s ability to sustain energy self-sufficiency in the long term
Shell demonstrates renewed focus on hydrocarbons
31 January 2024
Gulf of Mexico moves suggest cautious optimism in region’s deep waters, with a shift to work smarter and balance risks
Angola’s OPEC departure runs deep
22 January 2024
Luanda’s decision to leave the influential group surprised many observers but may have been coming for some time
Key ONGC KG Basin project to start crude output in May
15 January 2024
Despite the delays and the cost overruns, KG-DWN-98/2 could be pivotal in turning around India’s declining oil production
ONGC aims to speed up upstream push
8 January 2024
Exploration director says firm is looking at under-explored basins to maximise hunt for oil amid maturing fields, volatile prices and climate pressures
Profitability remains a prerequisite for a credible energy transition—Repsol
13 December 2023
Insisting that profitability must be maintained as energy companies transition from fossil fuels to clean fuels has enabled Repsol to ratchet up its climate neutrality ambitions, making the company an industry leader.
Letter from Pakistan: More oil and gas needed, not less
28 November 2023
Countries such as Pakistan will require fossil fuels for a long time to come, requiring a reframing of the narrative around the energy transition
Chevron deal energises the Bakken
27 November 2023
The major’s acquisition deal could keep oil production in the mature play going for longer
Oil India sets ambitious drilling target
23 November 2023
The state-owned firm will drill 60 wells in the current financial year as India strives to reduce its import dependence
US upstream shows restraint
16 November 2023
The disciplined spending trend seen in 2023 is likely to continue into 2024
Libya’s upstream promise still hamstrung by instability
2 November 2023
But the troubled north African nation is not short of international investment interest
Alaska’s tentative upstream revival
31 October 2023
The war in Ukraine has given new impetus to oil and gas projects in the US’ most northerly state, but two proposed LNG projects may still struggle to reach FID
Nigerian companies assume growing oil and gas sector role
24 October 2023
Law firm Olaniwun Ajayi grants Petroleum Economist detailed insight into Nigeria’s changing oil and gas landscape
Thai oil production poised for modest rebound
12 October 2023
Efforts by independents and NOC PTTEP will help boost production this year, but the sector is increasingly mature
Longboat splits attention between Norway and Malaysia
5 October 2023
CEO Helge Hammer speaks to Petroleum Economist about the company’s recent activities and its expansion plans
Libya targets 2m b/d oil before 2030
28 September 2023
Oil minister Oun sends out cautiously optimistic message on oil and gas outlook and says pilot project ready to unlock huge shale reserves key to further growth
US shale response to oil price boost may be muted
18 September 2023
Behind the rig count data lie differences between public and private operators, acreage questions, the lure of returns and unwavering capital discipline
Uruguay-focused independent upbeat on farm-in deal
14 September 2023
AIM-listed Challenger is seeking partners to help develop its licences off the coast of Uruguay
Arc of instability threatens Sahel’s upstream, pipeline ambitions
11 September 2023
Coups and geopolitical rivalries complicate energy projects in the expansive region
Brazilian upstream enjoys bumper year
1 September 2023
Soaring pre-salt production sees Latin America’s largest country pull away from the local competition
Forecasts of oil sands’ demise greatly exaggerated
18 August 2023
Canadian regulator the CER’s Global Net-Zero scenario paints a gloomy picture for the oil sands, but the analysis may be fundamentally flawed
Explorers return to Libya despite fragile security
15 August 2023
Peace means progress for Libya’s upstream, but disruption is never far away
Afentra continues Angolan portfolio expansion
4 August 2023
The UK independent sees Block 3/05 as key to its growth ambitions in Angola’s maturing upstream
Ghana poised for short and medium-term oil boosts
24 July 2023
New wells at the Jubilee field will lift output in 2023, while the Pecan field offers longer-term prospects if development can be progressed
Optimism grows around Mexican upstream
17 July 2023
Things are looking up for exploration and production in Mexico, with new finds and developments set to boost output in coming years
Trinidad & Tobago looks to awaken the Dragon
7 July 2023
The island nation’s energy minister delivers a bullish outlook on oil and gas both home and abroad
Suncor getting back on track
28 June 2023
New management looks to focus on oil sands firm’s core upstream and downstream business
Senegal eyes global and domestic energy markets
14 June 2023
Dakar is keen to meet its own energy needs, even as major export projects near start up
Namibia keen on active role as it firms up energy ambitions
12 June 2023
The southern African country’s plans include NOC portfolio diversification and boosting domestic gas consumption
Angola announces 2023 bidding roadshow
8 June 2023
Roadshow will be for blocks in the Kwanza and Lower Congo Onshore basins, with technical session on 19 June
Asia’s NOCs chart paths to decarbonisation
5 June 2023
But none of the companies are poised to abandon oil and gas anytime soon
Exploration basins of the future
2 June 2023
Exploration has rebounded since the pandemic while also becoming more focused. Petroleum Economist looks at the basins likely to see the most upstream activity over the coming years and at developers’ investment criteria
Oil sands face uncertain future in post-peak world
31 May 2023
The long-term prospects for the sector may depend on the rate of decline in global oil consumption
Farm-out chill stymies UKCS optimism
26 May 2023
The potential of a play-opening discovery is shackled by lack of investor appetite
Oil industry faces long-term investment crunch threat, says IEA’s Bosoni
25 May 2023
‘Mature’ US shale industry, stranded asset risks and clean tech challenges mean sufficient energy supply could be in doubt beyond this investment cycle
US shale starts 2023 in ‘realistic’ mood
25 May 2023
First-quarter shale results show ongoing restraint amid signs of cost deflation
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