Oil sands projects will require US$43 billion, while the investments into heavy oil assets will require almost US$4 billion in upstream Capex by 2025.
Based in Houston, Henderson has been serving as Wellsite’s vice president of sales and marketing since October last year.
These 10 projects, selected from 73 upcoming projects in South America, will contribute incremental capacity of 1.4 million boe to global supply by 2025.
Two leading players in industrial training and simulation are joining forces to create a unique new technology-focussed organisation which will help the global energy industry work smarter, safer and more efficiently.
Oilfield services entrepreneurs secure growth equity investment to scale global operations.
Mohd. Mansour Esreb, based in Doha, Qatar will work with READ to drive new business opportunities and support the company’s valued existing relationships in the region.
A response to operators’ desire to increase performance while decreasing costs, it enables operators to bring traditional service spend in-house, driven by Airswift and its contractors.
Petróleo Brasileiro S.A.’s (Petrobras) liquids production is expected to grow to 2.7 million bpd by 2021.
Unit costs up 2% whilst operating cashflow rebounds and balance sheets strengthen.
BP and state-owned Brazilian oil company Petrobras have announced that they have signed a memorandum of understanding to form a strategic alliance to jointly explore potential business opportunities both in Brazil and beyond.
The company currently holds a 50% non-operated interest in the Icacos Field, via its subsidiary Leni Trinidad Limited ("LTL").
Celebrations at Sandnessjøen when the news broke that Aker Solutions’ northernmost plant will deliver the ten subsea templates for the Johan Castberg field on 5 March.
During his speech Tuesday at the Boao Forum, Chinese President Xi Jinping gave reassuring words to help calm tariff tensions with the US. Xi’s commitment to cut tariffs and open the economy could be a first step in drawing more interest from foreign investment.
Deloitte’s report, the second in its Upstream Diversification Index (UDI) series, reviewed asset portfolios of the top 230 global upstream companies to examine the disconnect between the actions of companies and the verdict of financial markets.
A total of 43 crude and natural gas projects are expected to start operations in four countries in the Former Soviet Union (FSU) between 2018 and 2025, according to GlobalData.