News
The global offshore bonanza
3+ hour, 29+ min ago (150+ words) Petroleum Economist The global offshore bonanza Offshore operators are working through an FID backlog as the rig market consolidates, helped by improving project economics and a renewed security drive More FIDs are expected to be taken on offshore projects this…...
China's secure energy transition
1+ week, 4+ hour ago (151+ words) Petroleum Economist China's secure energy transition Alongside a rapid continued build-out of renewables, China's latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports China's draft five-year plan, released in…...
Venezuela already making oil comeback
1+ week, 10+ hour ago (157+ words) Petroleum Economist Venezuela already making oil comeback The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term As the world looks…...
The demand destruction timebomb
1+ week, 1+ day ago (131+ words) Petroleum Economist The demand destruction timebomb It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices The 2026 oil shock, initially a supply crisis of historic scale, is rapidly evolving…...
Qatar's Golden Pass dilemma
1+ week, 1+ day ago (151+ words) pemedianetwork. com Qatar's Golden Pass dilemma Golden Pass's startup offers Qatar Energy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices Golden Pass'the joint LNG venture between state-owned…...
Lessons from the crisis
1+ week, 1+ day ago (162+ words) pemedianetwork. com Lessons from the crisis The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries Beyond…...
Libya's potential goes unrealised
1+ week, 2+ day ago (153+ words) Petroleum Economist Libya's potential goes unrealised Disappointing results in its bidding round are a reality check for Libya, and global exploration generally Libya's first exploration auction for 18 years has ended not with a bang but with a whimper, with most…...
Letter from the US: The oil market abyss
1+ week, 2+ day ago (148+ words) Petroleum Economist Letter from the US: The oil market abyss The overlooked oil supply issue is that even after the Strait of Hormuz opens, barrels won't readily return Traditional supply-demand logic has broken down; market signals are not working as…...
Do not politicise a geopolitical crisis " Ydreos
1+ week, 6+ day ago (169+ words) Petroleum Economist Do not politicise a geopolitical crisis " Ydreos The Strait of Hormuz disruption has exposed weakness in the global energy system and reignited debate over security of supply, but it should not be used to justify an accelerated shift…...
Dow restarts construction on its Path2 Zero project
2+ week, 8+ hour ago (149+ words) Petroleum Economist Dow restarts construction on its Path2 Zero project The company plans for phase-one startup in late 2029 as it seeks to maximise value from chemicals project following nine-month hiatus In the face of a global chemicals glut'and shortly before the…...