Special reports

GlobalData’s analysis of oil product flows suggests that when kerosene is excluded, oil product demand in 3Q21 had fully recovered — compared to the same period in 2019.

The most significant contributors to this steep decline were the Bakken and Permian plays, which saw reduced flaring of around 50 million ft3/d each in September.

In its Global Upstream Outlook 2022, Wood Mackenzie points out the upstream industry must respond to the implications of the pledges made at COP26 and governments must set a course for the industry to follow.

The HiberHilo is a simple solution for remote pressure and temperature monitoring. Read this article to find out more!

South Korean conglomerate POSCO has made a surprise move on Australian gas producer Senex Energy.

According to GlobalData, the merger adds significant oil production for Woodside and will ultimately lead to a more carbon-intensive product base over the near term.

The theme of ‘Climate Change’ was mentioned over 210 000 times in GlobalData’s Filing Analytics database of global O&G company filings in 2020 and 2021 combined – a 41% increase from the 2018-2019 period.

The biggest growth is expected to happen in the Permian Basin, where crude oil and condensate supply is projected to increase by almost 0.90 million bpd from 4.5 million bpd in 2021 to 5.4 million bpd by 2030.

China’s NOCs are expected to splurge more than US$120 billion on drilling and well services in the five-year period of 2021-2025, seeking to meet the rising oil and gas demand, according to a Rystad Energy report.

VELO3D teams with IMI Critical Engineering to provide a major O&G operator with additively manufactured components for field service.

Demand for land rigs is estimated to return to pre-pandemic (2019) levels by 2025, according to analysis by Westwood Global Energy Group.

Rystad Energy’s initial assessment of Hurricane Ida’s impact on US oil production and refinery capacity estimates a peak daily supply curtailment of 1.8 million bpd in the Gulf of Mexico.

A report by the consultancy argues that the industry must collaborate to cut emissions and transform the corporate landscape.

Over 35% of the acreage available in licensing rounds that are either open or scheduled to close in 2H21 are located in shallow water, while ultra-deep water and deepwater acreage account for 24% and 19%, respectively, according to GlobalData.

The number of ‘live’ drilled but uncompleted wells in the US’s major oil regions slumped to 2381 wells in June 2021, the lowest level since 2013, analysis by Rystad indicates.