Wood Mackenzie: Aramco bond move underscores its vast ambition
Saudi Arabia’s NOC primed to become international energy powerhouse.
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.
In reaction to Oil & Gas UK’s 2019 Business Outlook report – which spells positive news for UK O&G but notes that investment is needed to push the industry forward – Simon Tucker, Head of Energy and Commodities at Infosys Consulting, comments.
Adam Johnson, director of Leeds-based Tudor International Freight, said the structure was undoubtedly well-intentioned and would cause some UK oil and gas businesses to breathe sighs of relief.
Wood Mackenzie research analyst, Alex Siow, comments on the deal.