RISK SERVICE

A consortium led by Technip has been selected to conduct upstream Feed work.

Exxon Mobil, TotalEnergies and Santos are advancing large gas projects in PNG, a key plank in their still-core LNG strategies.

At the core of the Country Risk Evolution (CRE) analysis framework is the evolution of risks alongside the development of oil and gas resources. We are using this month’s CRE Risk Outlook to re-examine these dynamics and the unique risks prevalent in new producers and frontier exploration countries, focusing on Guyana, Papua New Guinea, Israel and Tanzania. The risk profiles of these locales have often evolved considerably after oil and gas discoveries or the start of hydrocarbon production, with tax and regulatory changes particularly common. Aboveground political risks also rise as the distribution of oil rents can exacerbate societal fissures, especially in weak states. Yet, not all changes are negative, for instance infrastructure capacity is also often built out alongside new oil and gas developments.

Biden officials had little to say on production cut plans after prior Opec-plus moves spurred tensions.

Legislation that cleared the House and Senate this week include some of the top permitting reforms urged by the E&P, LNG and pipeline sectors — but it's only a start.

Fighting between the official Sudanese Armed Forces and the paramilitary Rapid Support Forces continues to rage. Energy Intelligence expects prolonged fighting as the most likely near-term scenario, as peace talks drag on and neither seems capable of winning outright. Key outside actors currently support diplomacy, but the odds of them becoming more involved increase as the conflict continues. Energy sector risks in Sudan and its neighbors are rising, while Red Sea trade flows may be threatened if fighting spreads to the coast or undermines the Horn of Africa. The conflict also threatens the fragile stability in neighboring producers in South Sudan, North Africa and the Sahel.