New research by energy analysts Douglas-Westwood predicts offshore operations and maintenance expenditure to total in excess of $330 billion over the next five years – with the largest share allocated to North America during that time.
West Africa has emerged as one of the hottest battlegrounds for the world’s major powers in their race to corner increasingly scarce oil and gas resources. Ng Weng Hoong details the major players vying for oil and gas resources in West Africa.
Total has announced that its subsidiary, Total E&P Vietnam, and its partners on Block 15-1/05, have discovered oil in the Lac Da Nau prospect, located in the southern part of the block offshore Vietnam.
Petrobras has completed the drilling of extension exploratory well 3-MA-32A in the Marimbá field, Campos Basin. The amount of recoverable oil has been estimated at 25 million bbls, which will increase Marimbá field's recoverable volume by 27%.
A report has suggested that alternative energy systems will not be able to completely replace fossil fuels, and a major rethink on the dynamics of the modern world is required to adjust to the changing situation.
A new report from the Pacific Research Institute (PRI) explores 10 common myths about energy in America. The aim of the report is to put accurate information into the public domain that might inform those who will be involved in marking up the Clean Energy Jobs and American Power Act in the US Senate.
BP is seeking to bring its advanced technology and deep expertise to the Risha development in Jordan. If its exploration programme identifies commercially producible gas reserves, production could reach several hundred million cubic feet per day.
With a flow rate of more than 30 million ft3/d, Devon Energy believes the Kardell well is the highest rate well ever drilled in the Haynesville Shale.
This article discusses a new initiative for agencies to join forces to improve business opportunities between UK and Norway.
The West African Gas Pipeline (WAGP) is a 678 km pipeline, planned to deliver gas from Nigeria to Ghana, Benin and Togo. The cost of the pipeline, originally said to cost US$ 600 million, has soared to US$ 1 billion.
This article looks at current industry activity in different regions of Africa and explores how companies in the energy supply chain are leveraging the opportunities available in these markets.
This article discusses the latest oil and gas industry figures released by Deloitte, which show that offshore exploration and appraisal activity is up by 75% on the last quarter.
The natural gas transmission pipeline industry in Australia is active and vibrant with opportunities for investment in further pipelines and pipeline infrastructure as this demand grows.
The power sector has undoubtedly been hit hard by the global credit crunch. The good news is though, that we are now seeing some positive signs of recovery, with the sector beginning to slowly bounce back with more money being invested in new projects.
The oil and gas sector in South America holds tremendous potential, with at least 110 billion bbls of oil, 272 trillion ft3 of gas and over 250 billion bbls of recoverable bitumen. But that potential often remains elusive for many countries.