Not until 2025, 11 years after the last peak, are global service market revenues again likely to have made it back to the US$920 billion mark seen in 2014, according to Rystad Energy.
During 2018 Eagle Ford re-emerged as one of the lucrative destinations for oil and gas companies, according to GlobalData.
PTTEP, Thailand's national oil exploration & production company, awarded Vallourec the contract to deliver over 3000 t of OCTG for its Myanmar M9 West exploration well.
The company has announced that the Sirasun and Batur gas fields, which are part of the TSB gas complex in Kangean block in the Republic of Indonesia, commenced the production of natural gas on March 10.
Under this award, Borr will deliver a total of 9 offshore development wells to its customer under an integrated services model.
The company has announced that 10 000 bbls of Portland oil production has been reached at Horse Hill.
The company has been awarded a contract worth around US$1 billion with Groupment Isarene for the Ain Tsila Development Project in Algeria.
Wood has secured a contract from Siemens to install a new Siemens HL-class gas turbine at a power generating station in North Carolina.
Latest interim report focuses on Appalachian, Permian and STACK upstream activity over next ten years.
Following the latest forecast from the UK Oil and Gas Authority (OGA) for the UK’s offshore sector, Jonathan Markham, Senior Upstream Oil & Gas Analyst at GlobalData, offers his insight on the future of the UK’s upstream sector.
The company was responsible for the concept, detailed design, transportation and installation of the platform in 35 m water depth for the D28 oilfield Phase 1 project for OceanMight Sdn Bhd on behalf of PETRONAS Carigali Sdn Bhd.
The additional area awarded covers a new gas prospect that is similar to the Bainet discovery which Raffles and Prospex successfully drilled in November 2017 and started production in September 2018.
The Bénin Onshore Block B is located in the Dahomey Embayment (Coastal Basin) and covers an area of 4590 km2 (approximately 1.1 million acres). The Block is located to the west of Bénin's capital Cotonou continuing to the Togo border.
Empyrean had announced that the Ministry of Energy and Minerals in Indonesia has approved the plan of development (POD) for the Mako Gas Field at the Duyung PSC in Indonesia.
United Oil & Gas Plc has provided an operational update on the P1918 licence in the Wessex Basin and specifically the Colter appraisal campaign which has included the Colter North and the new Colter South prospects.