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The latest upstream news


Rystad Energy predicts US shale supply to peak around 2030

US Light Tight Oil (LTO) represented less than 1% of global oil supply nine years ago but now represents close to 10% of total global oil supply, a percentage which is expected to continue its ascent going forward.


 

 

Upcoming oil events

 

Gastech

17 Sep 2019 - 19 Sep 2019

NRG Center
1 NRG Park, Houston, Texas, TX 77054, United States
 

 
 
 

Blockchain to be implemented in Bakken shale field

The OOC Oil & Gas Blockchain Consortium, whose members include Chevron Corp., ConocoPhillips, Exxon Mobil Corp., Equinor and Royal Dutch Shell, has awarded a contract to Data Gumbo to pilot blockchain technology for water handling services.

 
 
 

United Oil & Gas awarded four North Sea blocks

The four blocks in the Central North Sea cover an area of approximately 500 km2, and include the Zeta prospect, which United estimates could contain over 90 million bbl of in-place oil.

 

Cairn Energy releases 1H19 results

The company has upgraded its full year oil production guidance to 21 000 – 23 000 bpd from 19 000 – 22 000 bpd.

 
 
 

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