Douglas-Westwood: oversupplied market eying floating storage opportunities
A critical turning point – when a produced barrel no longer finds spare capacity within existing onshore storage – is approaching.
A critical turning point – when a produced barrel no longer finds spare capacity within existing onshore storage – is approaching.
Current market trends suggest that widespread filling of offshore storage is likely before significant erosion of supply takes place, according to Douglas-Westwood.
The data shows that rig counts are since 2015.
The awards seek to celebrate the achievements of companies and individuals in the £9 billion subsea industry across the country.
Almost 7000 visits were made to Europe’s largest subsea event, despite the industry facing its toughest year ever.
The API’s Erik Milito, has called on the Obama administration to support oil and gas consumers, and US energy prosperity.
The PSA has granted ConocoPhillips consent to use the Rowan Norway mobile drilling facility for plugging and abandonment of wells at Ekofisk 2/4 B.
Faore Petroleum reports that 2015 was a year of growth and good progress.
Butting was granted the order to produce and deliver longitudinally welded, corrosion-resistant pipes for Norway’s developing oilfield in the North Sea.
More students need to choose mathematics and physics or engineering could be at threat, according to a new report.
The contract outlines a five year agreement to provide engineering and construction services to offshore oil and gas field in the UK North Sea.
QGC has launched a new policy and strategy to make it simpler for community and regional businesses to be part of its supply chain.
AVEVA has announced that Fabricom Offshore Services is using AVEVA software for the brownfield modification of GDF Suez’s Cygnus Platform in 2016.
Fugro has received a contract from BHP Billiton Petroleum Pty Ltd for the Pyrenees Phase 3 Installation Project.
The API has launched an online tool to connect veterans with job opportunities in the oil and gas industry.