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In Norway, interest in the sector is still high, but in the UK, the lowest number of exploration wells for 50 years and another 20% drop in capex point to a deeper malaise.
A less favourable economic backdrop means Covid-19 looks set to have a bigger impact than the 2003 SARS outbreak did.
In this month's episode of the MENA in Brief podcast, Ian Thom and his guests discuss unconventional gas project announcements in Saudi Arabia and UAE.
In this episode of The LNG Big Chill podcast, we discuss how Covid-19 is hitting an already oversupplied LNG market, whether we will see more cancellations of US LNG cargoes and what this uncertainty means for LNG project FIDs.
How will the oil price crash affect the embryonic energy transition efforts of oil and gas companies? Renewable energy economics suddenly look far more attractive.
The KG-ONN-2003/1 block is located in the onshore Krishna-Godavari basin. It was awarded in the NELP-V bidding round. Cairn India made two discoveries - Nagayalanka and Nagayalanka-SE during the exploration phase. ONGC took over as operator at the end of the exploration phase in 2014. Production began in 2018.The reservoirs are HP/HT and the gas produced is priced as per the challenging fields…
The Kharsang oil and gas field is located in the Upper Assam Valley, in the state of Arunachal Pradesh, in northeast India. Discovered by Oil India Ltd (OIL) in the 1970s, a production sharing contract (PSC) was offered to develop and operate the field in 1992, under India's first Field Development Licensing Round for small and medium fields. A PSC was awarded in 1995 to a joint venture led by…
Lockdown measures are sending home consumption skywards, and driving demand for flexible packaging.
The financial pressure is rising for upstream borrowers, with some at risk of cuts to credit availability
Capex cuts, deferred projects and new partnerships are a feature of the new industry landscape as chemicals companies adapt to the effects of Covid-19.
The great LNG pushback has started and US supply is out of money. What does this mean for Asian buyers?
Hydrogen, particularly green hydrogen, plays a key role in the future energy mix, as the world's energy systems decarbonise.
The lead industry is on a mission to prove its place in the energy transition. But it must keep a watchful eye on its environmental and health and safety performance, and on the regulatory landscape.
Demand destruction and falling revenues leave some industry players at risk of financial distress.
Chevron’s announcement to offer its 16.7% stake in the North West Shelf (NWS) LNG project for sale has surprised some.
Costs will continue to fall with technology and scaling - average global offshore wind generation cost will be halved by 2028 - but without a clear route-to-market that requires policy and financial support from governments, developers will be hesitant to invest in offshore wind.
Does LNG stand to benefit? What would it mean for Japan’s emissions?
The UK is home to around 35% of the world’s installed offshore wind capacity. Technology evolution will be vital to maintain the growth of the sector.
Currently, US tight oil meets 10% of global demand. Find out how a slow recovery would impact the global oil market, and what it would mean for OPEC and non-OPEC producers.
Biosourced, biodegradable polymers are a low-carbon alternative – but they’re yet to break into the mainstream.
Nigeria's latest attempt to reform its petroleum sector isn't just about finishing a job that started over 12 years ago. The government now seeks to make Nigeria's upstream, midstream and downstream competitive in the face of significant threats to oil demand, including the impacts of coronavirus and the energy transition.
LNG ranks among the most emission-intensive resource themes across the oil and gas sector.
Operators are under growing pressure to optimise portfolios. What are the forces having the biggest impact on decision-making?
£16 billion will be spent on offshore decommissioning in the coming decade – how can costs be planned and managed effectively?
The growth of distributed energy resources on the grid edge continues to influence many sectors of the energy industry. In recent weeks we’ve seen this play out in everything from the way the federal government is investing in the electricity grid of the future, to the response to blackouts in Texas.
Australia’s coal exporters have staged a recovery after volumes to China plummeted.
Tougher upstream fiscal terms could be on the horizon. Find out what policymakers will be thinking about in 2021, and the key countries to watch.
As Europe realigns itself to deliver the increased ambition of 55% emissions reduction targets by 2030, renewables take centre stage. The region’s pipeline of wind and solar developments highlights the essential role that centralised auctions will continue to play. But can they deliver the necessary capacity? And could renewables become a victim of their own success?
In re-launching the ‘Clean Plate’ campaign in August last year, President Xi Jinping urged all of China to “maintain a sense of crisis about food security”. This is of course an important message in and of itself, given the huge amounts of energy, water and land involved in food production in China.
US coal markets are seeing a strong recovery from the abysmal market conditions in 2020. Can this resurgence continue this year?
Few countries currently require oil and gas producers to either pay a carbon tax or participate in an emissions trading scheme (ETS). But that could soon change. Higher carbon charges are not a case of ‘if’ but when, where and how much — raising serious questions for investors.
While it's no magic bullet, bitcoin mining has strong potential in both demand response and exploiting stranded capacity in electricity generation.
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