As oil prices approach US$70/bbl, Rystad Energy expects that a short-lived price rally through the first half of 2020 will then lose momentum and be replaced by a need for additional production cuts by Russia and the cartel of oil producing countries, OPEC.
With co-funding from the Oil & Gas Innovation Centre (OGIC), KBC will collaborate with INPEX Corp. and Heriot-Watt University to generate new data for enhanced prediction of mercury solubility in oil and gas processing.
Shell remains the world’s most valuable oil and gas brand as its value grew 7% over the past year to US$42.3 billion, according to the latest report by Brand Finance, the world’s leading independent brand valuation consultancy.
Saudi Arabia’s NOC primed to become international energy powerhouse.
Exploration started with a bang in 2019 with a frontier discovery by a Total led joint venture at Brulpadda in South Africa, which follows the hugely successful play opening Liza discovery in Guyana in 2015 by an Exxon led JV.
EIA’s Annual Energy Outlook 2019 (AEO2019) Reference case projects that U.S. tight oil production will continue to increase through 2030, ultimately reaching more than 10 million bpd in the early 2030s.
Susan Steyn will be based in the firm’s Houston office and will be central to delivering the division’s ambitious global expansion strategy.
The acquisition was announced in early February 2019 and was completed effective March 26, 2019.
Weatherford TR1P™ wins "Spotlight on New Technology®" Award from the Offshore Technology Conference.
The divested business will now trade as C-Automation Services.
To ensure the integrity of stored sample assets, the purpose-built 60 000 ft3 facility is securely enclosed and video-monitored.
Senior appointments and promotions across the region cement Airswift’s growth.
The Oil and Gas Authority (OGA) has launched what is believed to be one of the largest ever single open releases of data with the launch of the UK’s first UK Oil and Gas National Data Repository (NDR).
The transaction is subject to regulatory approvals, including approval by the U.S. antitrust authorities, and other customary conditions.
The introduction of a royalty imposed on investors may be counter-productive for the government in the longer term, according to GlobalData.