Tagged With Upstream
Letter from Iraq: Licences fail to lure IOCs
26 July 2024
Oil majors play it safe amid unfavourable terms in latest oil and gas licensing bid rounds allowing Chinese low-ball moves
Indian E&P companies struggling to meet targets
25 July 2024
Despite huge efforts by India’s government to accelerate crude production, India’s dependency shows no sign of easing
New opportunities for exploration and exploitation in Peru
1 July 2024
Blocks I, VI and Z-69 represent an excellent investment opportunity in the energy sector, producing fields, accessibility, infrastructure, guaranteed market and proximity to the modern Talara refinery
Brazil awaits contentious Equatorial Margin call
1 July 2024
Political rancour is rising as politicians appeal for environmental licence to explore the mouth of the Amazon
Namibia’s success boosts other frontiers
26 June 2024
Exploration efforts are increasingly spreading into South African and even South American waters
Kuwait looks to capitalise on emir’s bold move
20 June 2024
Emir Sheikh Mishal al-Ahmad al-Sabah’s dissolution of parliament gives him more power to shape decisions on the country’s oil and gas future
Senegal starts crude production
18 June 2024
This will be a transformative year for the West African nation, as first LNG is also expected before the end of 2024
US shale needs to find new efficiencies
6 June 2024
Output looks to a growth model based around doing more with less given green policy pressure, with tech advancements, equipment upgrades and fiscal tools key
Biden clamps down on Alaskan oil and gas
3 June 2024
Federal government restricts activity in Alaskan petroleum reserve but leaves current arrangements like Willow alone
Angola project thwarts upstream decline
29 May 2024
Kaminho deepwater FID raises hopes of reigniting much-needed further investment in ailing sector
Letter from Paris: Do not underestimate ‘Afripec’
23 May 2024
Make no mistake, Africa has a crucial and increasingly important role within OPEC, even given its relatively small production volumes and the departure of Angola
Drones and deadlock stymie Iraqi Kurdish oil and gas ambitions
20 May 2024
Not for the first time, a foreign oil company-led project in Iraq’s Kurdistan region is dealing with the aftermath of a deadly drone attack
Kazakhstan’s upstream feels the strain
16 May 2024
Flat oil growth in 2024 highlights mounting industry problems
Uzbekistan’s privatisation push bears fruit
15 May 2024
Five years ago, Uzbekistan turned to a private company called Saneg to reverse the fortunes of its oil industry. Results so far are encouraging, and according to CEO Tulkin Yusupov, further progress is on the way
Sao Tome and Principe may be poised for exploration revival
13 May 2024
But optimism about island nation checked by competition around African upstream investment and history of false dawns
Indies look to Equatorial Guinea as ExxonMobil pulls out
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields
UK-listed Pharos to ramp up Egyptian activities
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis
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
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