Electrifying the Barents Sea
Marius Kluge Foss and Gina Nygard, Rystad Energy, review the state of the upstream industry on the Norwegian Continental Shelf and propose a way to electrify the Barents Sea, the new Norwegian petroleum province.
Special reports
World’s Energy Giants to Convene at ADIPEC 2017
Record number of expert submissions to technical conference; programme underlines Abu Dhabi’s leadership in energy world.
Horizon Oil strengthens acreage position in Papua New Guinea
Horizon Oil is pleased to advise that it has increased to about 28% its interest in the total certified resources contained in Papua New Guinea’s Western Foreland fields of 2.0 - 2.5 tcf gas and 60 - 70 million bbls of condensate.
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Enagás makes a net profit of €269.1 million
This figure includes the accounting impact produced by the full consolidation of the Quintero LNG plant in Chile, included since January 2017. Taking this into account, net profit has increased by 25.6% on the same period last year.
The Weir Group PLC trading update
In recent weeks, upstream North American markets have recovered more strongly than formerly anticipated. Higher levels of frack fleet utilisation and significant tightening of industry capacity are both benefiting the Group’s Oil & Gas division.
EIA: Brent and WTI crude oil prices expected to average about US$50/bbl through 2018
EIA now forecasts Brent crude oil spot prices to average US$51/bbl in 2017 and US$52/b in 2018. West Texas Intermediate (WTI) crude oil prices are expected to be US$2/bbl lower than Brent prices in 2017 and 2018.
API: US oil and natural gas drilling sees 62% increase over 2016 levels
This includes a 41% increase in estimated development gas well completions and a dramatic 81% increase in total estimated oil well completions from year-ago levels.
IEA: Global energy investment fell for a second-year in 2016 as oil and gas spending continues to drop
Global energy investment fell by 12% in 2016, the second consecutive year of decline, as increased spending on energy efficiency and electricity networks was more than offset by a continued drop in upstream oil and gas spending.
Westwood Insight: drilling down, performance up
Conventional exploration performance has improved considerably in 2017, with commercial success rates above 50% and much lower finding costs than for the same period in 2016.
More Special reports news
KPMG: The oil and gas sector must not be complacent about cyber security
The recent financial pressures as a result of the oil downturn have left cyber security functions for many firms within the oil and gas sector considerably underfunded and out of date.
Go with the flow
Michael Konopczynski and Iko Oguche, Tendeka, Inc., investigate downhole flow profiling using optical fibre distributed temperature sensing (virtual PLT).
API welcomes interior's efforts to make timely decisions on oil and gas project permitting
Streamlining permitting processes and decisions will improve confidence to invest in federal energy projects that will create jobs and benefit consumers.
Apache announces strategic exit from Canada
Apache Corporation has announced that it will complete an exit from Canada upon the closing of three recent transactions.
PJ Valves accelerates Americas growth with new hire
PJ Valves (PJV), the specialist manufacturer and supplier of valves for the global energy industry, has appointed Kevin Schumacker as Business Development Manager in Houston, to implement its regional growth strategy.
Halliburton acquires Summit ESP
Summit’s electric submersible pump system expands Halliburton artificial lift portfolio.