Rystad Energy expects the outbreak of the coronavirus disease known as COVID-19 to cause extensive staffing and supply shortages in China, South Korea and Singapore.
Xodus believes worldwide energy consumption will continue to increase, driven by economic growth in developing countries, and that approximately half of that demand will need to be fulfilled by natural gas.
Brent crude oil prices, which Rystad Energy earlier expected to average nearly US$60/bbl in 2020, are now forecast to slump to about US$56/bbl for the year following revisions to Rystad's January forecasts.
In the second part of this two-part article, Ray Burke, Baker Hughes, explores new integrity management technology that can get the most out of flexible pipe.
In the first part of this two-part article, Ray Burke, Baker Hughes, asks whether it is feasible for the oil and gas industry to expect more from flexible pipe technology.
The report outlines the ministry’s infrastructure plans, including refineries and storage depots and provides insight into how the country has advanced its sales of crude oil on the open market.
Rystad's analysis indicates a shortfall of 37 000 bpd when compared to Indonesia's official projections.
A report by the data and analytics company reveals that Guyana, Mauritania and Russia hosted the most significant finds of 2019.
Richard Pugh, Investor at equity investor BGF, discusses why an upturn in the subsea sector may not be plain sailing and outlines why is it crucial to get your funding ducks in a row from the outset.
Rystad Energy is heavily revising its annual global oil demand growth forecast down by 25% to 820 000 bpd in 2020.
More gas discoveries are needed if the UAE is to reach its goal of becoming a net gas exporter by 2030, according to Rystad Energy analysis.
Rystad Energy forecasts that Guyana’s oil production could reach 1.2 million bpd by the end of the decade, lifting total annual oil revenues to about US$28 billion, assuming an oil price of about US$65/bbl.
If fraccing activity were to be eliminated on federal acreage the result would be a widespread shift of capital from federal to private and state-owned acreage in a bid to replace the lost oil volumes, according to Rystad Energy.
Through December 2019, the Texas Petro Index lost 9.4% of its value since the February 2019 cyclical peak.
The net proceeds of the placing will primarily be used to fund the company’s acquisition of a 49.9% indirect stake in El Romeral.