The Point Fortin plant can deliver LNG to the Caribbean, but only at a comparatively high price. (Shell) LNG

Power to the islands in the Caribbean

The Caribbean is trying to develop its hydrocarbon potential while cutting dependence on refined product imports by boosting use of renewables. Gas may play a role in the transition, but it is likely to be a small one.

By Peter Stewart 26 July 2017
A drillship off the Brazilian coast. (Anadarko) Exploration & Production

Statoil’s pre-salt deal will boost role of IOCs in Brazil

Statoil’s purchase of a majority stake in the BM-S-8 block offshore Brazil is a pivotal moment for IOCs’ ambitions to acquire a piece of the country’s pre-salt acreage.

3 August 2016
BP's Q2 profits almost halved as a result of lower oil prices and weak refining margins.(BP plc) Companies & Finance

Gloomy Q2 results expected for oil and gas majors

The release of Q2 results by major oil and gas companies will offer insight into how they are coping with the current low price environment.

27 July 2016
The response of Turkish President Recep Tayyip Erdogan to the failed coup is being monitored by EU leaders. (EC) Global Markets

Turkish coup could have far-reaching impact

The coup attempt in Turkey had little effect on the flow of oil and gas through the country, but the long-term consequences of political instability could be profound.

20 July 2016
The ruling on the disputed territorial claim could escalate the standoff in the South China Sea. (US Navy, Flickr) Global Markets

South China Sea ruling risks escalating dispute

The Permanent Court of Arbitration in The Hague upheld the Philippines’ claims in the South China Sea this week, escalating tensions in the region.

13 July 2016
The Panama Canal's western end, at Panama City. The canal is a vital trade link. (PA) LNG

Panama transit could speed LNG market integration

The expansion of the Panama Canal could accelerate the development of benchmarks for LNG sold into Asia.

6 July 2016
The UK’s referendum on exiting the EU has turned the markets volatile. Global Markets

Market volatility will increase on EU uncertainty

The UK’s referendum on exiting the EU has turned the markets volatile, leaving traders facing risks on the oil price, UK-Continental gas spreads and macroeconomics.

29 June 2016
Peter Stewart (far right) with Alexei Miller (far left) at SPIEF. (Gazprom) Supply & Demand

Russian economic forum puts focus on Europe

While discussions on supplying Russian gas to Asia continue, Moscow remains focused on northwest Europe as the key market for its gas – despite its geopolitical tensions with the EU.

22 June 2016
Yanbajing geothermal power station. China's renewables have seen rapid growth. (Fanghong) Policy & Regulation

China leads on renewables, but gas is power mainstay

Recent data suggests a pattern of rapid growth in renewables in China continued in 2015, supported by a switch away from coal towards gas and LNG.

15 June 2016
The EU continues to develop its alternative fuels network. (Daimler) Global Markets

Risk of oil price spike may benefit gas

GGA Chief Energy Analyst Peter Stewart spoke at the IEA last week on the interaction between oil and gas prices. These are the main points of his speech to the standing committee on oil markets.

8 June 2016
Global Markets

OPEC freeze unlikely with oil above $50/bbl

With oil prices at around $50/bbl, the prospect of OPEC capping production levels at its June meeting is looking increasingly remote.

3 June 2016
Companies & Finance

Upstream cuts create potential for supply shock

Oil and gas companies are finding it increasingly difficult to obtain finance for upstream projects, but a lack of investment now could spell a supply shock later.

25 May 2016
Khalid al-Falih, Saudi Arabia’s new oil minister. (World Energy Congress) Global Markets

Saudi market share drive intact despite change at top

Saudi Arabia is continuing to pump at full throttle, and the appointment of a new oil minister is unlikely to reverse the kingdom’s policy any time soon.

18 May 2016
The advent of LNG exports from the US offers a window of opportunity for buyers looking for a stable gas price. (Cheniere Energy) Global Markets

Henry Hub linkage could stabilise gas-to-power

The advent of LNG exports from the United States offers a window of opportunity for buyers looking for a stable gas price.

11 May 2016
Qatargas and Shell recently announced they would push ahead with ambitious plans to develop gas for transport in the Middle East. (Shell) Gas for Transport

Gas in transport will survive low oil prices

The sudden drop in oil prices may have been a blow to gas-for-transport demand, but initiatives are under way worldwide that could see gas win out eventually.

4 May 2016
European gas hubs and gas exchanges. Global Markets

Are LNG benchmarks still relevant?

The recent convergence of regional gas prices has made the need for global LNG pricing benchmarks less pressing.

27 April 2016
The commissioning cargo at Gorgon LNG. Large amounts of Australian supply coming onstream will keep Asian prices low. (Chevron) Global Markets

Oil and gas prices may go their separate ways

Oil and gas prices are diverging as a rebalancing of the market helps crude recover while LNG prices remain pressured by a supply glut.

20 April 2016
An initiative to improve the transparency of energy data around the world appears to be struggling now oil and gas prices have fallen. (SXC) Global Markets

Oil prices may hurt data transparency initiative

An initiative to improve the transparency of energy data around the world appears to be struggling now oil and gas prices have fallen.

14 April 2016
The trading floor at BP’s hub in Houston. The upcoming meeting of oil producers is causing market jitters. (BP plc) Global Markets

Traders cut short positions in oil and gas

Speculative traders have sharply cut their short positions in oil and gas futures in advance of the ‘emergency’ meeting of oil producers in Doha later this month.

6 April 2016

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