GlobalData: offshore discoveries accounted for more than 60% of global discoveries in 2019
A report by the data and analytics company reveals that Guyana, Mauritania and Russia hosted the most significant finds of 2019.
A report by the data and analytics company reveals that Guyana, Mauritania and Russia hosted the most significant finds of 2019.
Richard Pugh, Investor at equity investor BGF, discusses why an upturn in the subsea sector may not be plain sailing and outlines why is it crucial to get your funding ducks in a row from the outset.
Rystad Energy is heavily revising its annual global oil demand growth forecast down by 25% to 820 000 bpd in 2020.
More gas discoveries are needed if the UAE is to reach its goal of becoming a net gas exporter by 2030, according to Rystad Energy analysis.
Rystad Energy forecasts that Guyana’s oil production could reach 1.2 million bpd by the end of the decade, lifting total annual oil revenues to about US$28 billion, assuming an oil price of about US$65/bbl.
If fraccing activity were to be eliminated on federal acreage the result would be a widespread shift of capital from federal to private and state-owned acreage in a bid to replace the lost oil volumes, according to Rystad Energy.
Through December 2019, the Texas Petro Index lost 9.4% of its value since the February 2019 cyclical peak.
The net proceeds of the placing will primarily be used to fund the company’s acquisition of a 49.9% indirect stake in El Romeral.
The oil and gas industry is facing a period of renewed challenge and change, a balance between traditional focus and emerging sustainable energy solutions according to the chair of ENGenious 2020, the sister event to SPE Offshore Europe.
An oil and gas sector logistics expert has called on the government to be more open with businesses about its objectives for the forthcoming talks concerning Britain’s post-Brexit trading relationship with the EU.
The fourth annual Global Energy Talent Index reveals that oil and gas professionals are concerned at a perceived lack of investment in their training and development.
Lundin Petroleum's Board is also proposing to change the name of the company to Lundin Energy AB.
In part two of this two-part article, Anna Pieper, TUV SUD National Engineering Laboratory, explains why there is a need to address the challenges associated with the ongoing maintenance and calibration in-situ of multiphase flow meters, for both topside and subsea installations.
Anna Pieper, TUV SUD National Engineering Laboratory, argues that modern production alternatives such as subsea processing are making the use of traditional multiphase flow meter validation methods much more complex.
Jacob Ruiter, InnoEnergy Benelux, assesses what the oil and gas industry needs to do to tackle the energy transition.