The most prospective basins for new discoveries and undeveloped gas resources in Malaysia are in offshore Sarawak, which Wood Mackenzie estimates has 17 trillion ft3 of discovered and undeveloped gas that is commercially viable.
The company’s latest research reveals that the combined upstream investment in Africa from CNPC, Sinopec and CNOOC will be just over US$15 billion between 2019 and 2023.
"After losing pricing power in 2015 and 2016, oilfield service companies have since regained some of the lost ground, thanks first and foremost to industry consolidation among players that has concentrated the market over the past couple of years,” said Audun Martinsen, head of oilfield service research at Rystad Energy.
In part two of this two-part article, Nathan Klammer and Jason Ross, Entro Industries, USA, explain how new automatic features can optimise rig walking in the oilfield.
Nathan Klammer and Jason Ross, Entro Industries, USA, explain how new automatic features can optimise rig walking in the oilfield.
Exceed has announced the acquisition of Lowestoft-based Managed Pressure Resources (MPR), adding managed pressure drilling engineering and supervisory services to its portfolio.
ICR Integrity has announced nearly US$2 million of project awards since the start of the year in the Middle East and the appointment of a new head of sales.
John Bell, Akselos, looks at the new super-fast simulation technology that is helping companies in the upstream industry achieve asset life extension.
More than 230 delegates, speakers and exhibitors from around the world shared views, debated topics and fulfilled business opportunities at the third Future Oil & Gas.
Prospex Oil and Gas Plc, the AIM quoted investment company, has announced its final results for the year ended 31 December 2018.
Adele Long, Wood Mackenzie’s Australasian senior research manager, reflects on the company’s experience of the 2019 APPEA conference and exhibition.
The US currently holds 293 billion bbl of recoverable oil resources, according to Rystad Energy.
The University of Wyoming has installed a new multi-million-dollar simulator suite to train the petroleum engineers of the future.
A number of high-profile deals were signed at this year's St Petersburg International Economic Forum in Russia.
The Board of KCA Deutag has announced the appointment of Joseph Elkhoury as its new Chief Executive Officer with effect from 1 July 2019. Joseph takes over from Norrie McKay who has confirmed his intention to retire later this year.