Average OPEX per barrel of oil equivalent for deepwater production in the region has more than halved since 2013, from roughly US$26 to US$12.70 in 2020, a Rystad Energy report shows.
Oil prices hold on to their gains as another weekly crude storage relief is expected to be announced by the US API institute today, a day before OPEC+ meets.
Oil prices swung to losses, scrapping earlier morning gains, as renewed concerns over the global oil demand outlook outpaced the enthusiasm that another week of stock draws from US inventories brought.
A Rystad Energy analysis of the top 50 oilfield service (OFS) firms shows that staffing is set to reach its lowest level in more than 10 years.
Kyrah McKenzie, Wood Mackenzie, UK, considers the implications of the oil price crash and coronavirus for the North Sea upstream industry.
An interview with Sabine Busse, President of ABB Measurement & Analytics Division.
Libya's current oil output is approximately 100 000 bpd, in comparison to 1.2 million bpd before the onset of civil war.
Oil prices fell on Friday as traders corrected the extravagant gains of this week, pricing in concerns over Covid-19’s effect on the demand recovery.
Celeros Flow Technology is a new name in the upstream arena – but some of its brands will be very familiar. Oilfield Technology caught up with CEO José Larios to find out more.
Will Scargill, Managing Oil & Gas Analyst at GlobalData, says that BP's transition to an integrated energy company will require "significant movements in the M&A market, if it is to be delivered in the targeted timeframe."
Francois Laborie, Cognite, US, considers how to optimise the fraccing value chain through open data in a low-priced oil market.
Oil prices rose on Wednesday on expectation for a significant draw in US crude oil stocks last week, but Covid-19 remains a concern.
Rystad has said that Saudi Aramco is seeing great uncertainty in the near term demand outlook for Saudi Arabia's crude.
Oil prices fell on Tuesday on concerns that a rise in Covid-19 infections globally will halt oil demand, leaving the increasing supply from August unused.
Covid-19 has led to a crisis in the global oil industry with a dramatic fall in prices and weak consumer demand creating difficulties for the upstream sector right now. Keith Tilley, CEO, Intoware, explains why companies must re-think their digital strategies or risk being left behind.