Rystad Energy chief oil market analyst Bjørnar Tonhaugen has warned of a clear risk of a slower restart of oil production from Saudi Arabia following last week's drone attack, despite optimistic guidance from Saudi Aramco on Monday.
Brazil’s recent pre-salt rounds have attracted majors, with BP, ExxonMobil, Royal Dutch Shell, and Statoil all now operators.
The report has also found that that only 39% of asset managers already implement advanced digital methods of maintenance and risk management, of which 26% are using risk-based inspection (RBI) and 13% are using reliability centred maintenance (RCM).
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The report reveals that gas is the only fossil fuel expected to continuously rise in demand through to 2035.
Adam Johnson, director of Leeds-based Tudor International Freight, has said the UK oil and gas industry should continue its preparations for a no-deal Brexit, despite Parliament's recent passing of legislation designed to avert such an outcome.
Adam Weinstein, Validere, argues that the contamination of oil in the Druzhba pipeline earlier this year hints at an industry wide problem, and suggests that the answer lies in the Industrial Internet of Things and artificial intelligence.
Rickard Dalman, Operations Manager, Integrity Management at Oceaneering, explains how implementing a risk, reliability and maintenance approach can reap considerable dividends for asset owners.