Editorial calendar 2018
Petroleum Economist writes features each month based on news from the ground. However, we also plan in depth features and reports each year to give you a picture of the energy industry beyond the headlines. Take a look at our editorial calendar to see what's coming up.
E&P firms have blown hot and cold over utilising deep-water assets: over the past few years, some projects have stalled—or been scrapped altogether—as breakevens points rise and margins flourish. But many projects have persisted, technologies have evolved, and a number of companies are pushing see their futures immersed on deepwater activity. Here, Petroleum Economist looks at the factors that are flavouring the appetite for this corner of the market.
The country is emerging as a potentially big player on the East Med energy scene. Production at onshore and offshore oilfields is small, but rising steadily. But the focus now is on deepwater exploration in the Ionian Sea and off Crete. The huge Zohr gas discovery off Egypt revealed a hitherto unknown carbonate layer with copious reserves. Similar rock layers have been identified in Greek waters, raising expectations that a discovery of Zohr proportions could be made . While in the past, IOCs showed no interest in Greece, today ExxonMobil, Total and Repsol are lining up for the hunt. If major discoveries are made, then Greece is perfectly placed to feed gas via pipeline further into Europe, and setting itself up an energy hub for the East Med.
Data / Artificial intelligence
The age of big data and AI is about to hit the energy sector-revolutionalising long established "traditional" industries. Machine learning will drive down costs and improve efficiencies across the upstream, midstream and downstream. This unique report will tell you all you need to know about the disruptive potential of this exciting technology and where investors should spend their cash.
The company of many faces throughout the history of energy markets, the US supermajor has put domestic production at the heart of its growth plans. Chevron has enjoyed some recent success in the Permian, and is planning to drive activity there in the near future.
The country's oil and gas industry will be completely open to private investment by end-2018—throughout the value chain. During the summer of 2017, IOCs made significant finds. The Talos-Premier-Salos consortium found close to 2bn barrels of oil equivalent, and Eni 1.5bn barrels of oil. In a recent bid round for exploration blocks in the Mexican Gulf of Mexico, Shell snapped up nine—four on its own, four with Qatar Petroleum and one with Pemex. Mexico's energy sector is up and running.
PE Mexico Forum, Mexico City
Oil supply crunch
Market forces, US President Trump's tweets and the latest Opec+ agreement have shaped global supply in recent months. Producers outside of those regions have altered their output in line with a new normal—but the group's meetings later in the year hang over the oil market, with change in the offing. Here, Petroleum Economist will analyse the supply narrative, with a look to the future.
Australia has arisen as one of the foremost producers of liquefied natural gas—and projects continue to come online. Investigating the most up to date intelligence, our on-the-ground journalist will be interviewing some of the most prominent market participants, to drill into the shape the future of Australia's energy economy.
The oil market inspects fluctuations in storage figures on a daily basis. The amount of crude sitting in storage has a huge impact on prices, dictates suppliers' strategies, and more generally provides a unique insight into the state of the market. Here, Petroleum Economist will delve into storage markets—providing comprehensive regional assessments of the state of play.
Gazprom is an energy giant. It holds nearly three-quarters of Russia's gas and 17% of global reserves. Its vast distribution network takes gas to consumers in Russia and more than 30 other countries. But Gazprom has frequently found itself entangled in Russian domestic power politics and Putin's expanded grip on power. PE examines Gazprom's future, as relations between Moscow and Western capitals become strained. Will Europe's dependence on cheap Russian gas ensure that it never seeks to threaten to interrupt Gazprom imports? And will the company, headed by former prime minister Viktor Lubkov, continue its upstream, downstream and marketing expansion?
The departure of supermajors, like Shell and ConocoPhillips, from Canadian oil sands projects over recent years suggested to some analysts that the sector was in decline—because the days when new multi-billion projects were sanctioned were gone. But the departure of the big names has opened the way for smaller ones and set the scene for a new wave of domestically driven growth. New techniques are making Canadian oil sands production more competitive. Operating costs have fallen to levels that weren't conceivable before the downturn. Furthermore, oil sands projects that were sanctioned before the supermajors' departure are reaching completion and will help push Canada's production to 4.5m barrels a day by end-2018, up from 4.1m b/d a year earlier. Even though no new projects have been sanctioned in the past couple of years, the current long-lived and low-decline oil sands facilities will keep Canada in the ranks as a top global oil supplier for decades to come. Downbeat headlines don't tell the whole story.
ADIPEC, Abu Dhabi
Global Energy Elite
Renewable energy technology
Finance / M&A
Climate policy / stranded assets
PE Kuwait Forum, Kuwait City