Entering into 2019, the global oil and gas industry remains cautiously optimistic as recovering oil prices have boosted companies’ profits and a rebound in new projects is expected.
OMV and Sapura Energy Berhad have closed the agreement to form a strategic partnership.
Helge Beuthan, currently Vice President for Global Subsurface Evaluation, will take over the duties of Dr. Uwe Salge in Abu Dhabi on 1 February.
During the December quarter, Triangle Energy (Global) Limited (Triangle, the Company) delivered a 93% increase in production over the previous quarter.
The Rt Hon Liam Fox MP, UK Secretary of State for International Trade and President of the Board of Trade, is the latest speaker confirmed for IP Week 2019, alongside high-profile figures from the world of energy.
Rystad Energy analyst Paola Rodriguez-Masiu comments on the sanctions announced by the US against Venezuelan state oil company PDVSA
"At 250 million boe, CNOOC Ltd’s Glengorm is the largest gas discovery in the UK since Culzean in 2008,” Kevin Swann, a senior analyst with Wood Mackenzie’s North Sea upstream team, said after CNOOC and its partner Total announced the discovery.
Jack Allardyce and Ashley Kelty, oil and gas research analysts at Cantor Fitzgerald Europe give their thoughts on the impact of rising US production.
Penspen, a provider of engineering, asset integrity and project management services to the energy industry, has recently opened a new office in Bogota, Colombia. This follows the award of a two-year contract with CENIT, a subsidiary of ECOPETROL.
Australia will account for all floating production, storage and offloading vessels (FPSOs) planned for deployment in Oceania during 2019–2025, according to GlobalData.
Aberdeen-based energy services firm, Ardyne Technologies, is set to enter a new phase of growth after receiving a major funding package from Clydesdale and Yorkshire Bank.
The Abu Dhabi National Oil Company (ADNOC) has signed two new strategic equity partnerships with Eni and OMV covering both ADNOC Refining and a new trading joint venture, which will be jointly established by the three partners.
Jon Clark, EMEIA Leader for Oil & Gas Transaction Advisory Services at EY, comments on the recently published report by the National Audit Office identifying UK taxpayers’ potential exposure to £24 billion of North Sea decommissioning costs.
Jim Stuart, Lloyd’s Register, examines how technology will help asset owners and operators in the energy and marine industries face current and future challenges.
Wood has won a prestigious award for its pioneering role in exporting engineering expertise to China. The company was named Scottish Exporter to China of the Year at the China-Scotland Business Awards 2019.