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Lessons from the US benchmark

The US Bureau of Safety and Environmental Enforcement (BSEE) and the Bureau of Ocean Energy Management (BOEM), recently combined in the Marine Minerals Administration (MMA), provide a ...

Petroleum Economist

The Eastern Mediterranean: Failing its potential

No region in this report demonstrates more clearly that above-ground risk can be more limiting than geology than the Eastern Mediterranean. The basin holds giant gas discoveries across Israeli, ...

Petroleum Economist

Guyana: The improbable success story

Guyana is the most striking example in the global upstream of above-ground risk being successfully managed from a standing start. When the Stabroek Block production-sharing contract was signed in 2016 ...

Petroleum Economist

UAE eyes global shale revolution

For years, the search for a shale play outside North America capable of true scale has produced more disappointment than triumph. That narrative shifted this summer when US independent EOG Resources ...

Petroleum Economist

The stories that matter, 28 September 2026

Hope that a detailed Iranian proposal for reopening Hormuz might finally break the stalemate in the Iran war ended with US President Donald Trump rejecting the proposal outright and reportedly telling ...

Petroleum Economist

The stories that matter, 5 October 2026

For the first time since February, crude is moving through Hormuz at its pre-war rate, yet Brent is still above $100/bl, Dated Brent has pushed above $120/bl and US diesel is above $6.40/gal. Saudi ...

Petroleum Economist