Oil & gas news

The short-term outlook for the offshore oil and gas industry has become more difficult to predict than ever. The last few years saw an unprecedented boom in activity but there is now uncertainty and, in some quarters, despondency.

The sheer potential of geothermal power and its value to the US aids its growing reputation as one of the very best options in the nation's growing energy mix.

Many experts predict that South America will become a net exporter of LNG in the future, however many challenges remain to the industry's development.

Exxon Mobil's Australian division and India's Petronet have signed a 20 year LNG supply contract, signaling a step towards approval for the Western Australian Gorgon project on Barrow Island.

Newbuild and converted offshore LNG projects are now under review by ABS.

India has ambitions to become the hub for petroleum products exports. The export potential coupled with the additional capacity additions and new refineries provide a unique opportunity for potential investors.

When discussing the digital oilfield, one thing the majority of commentators agree on is that it involves operators having maximum awareness and control over their assets. Many also agree that the technology and connectivity across the oilfield is now there and that the key question facing operators is how best to utilise and integrate these technologies.

Following the resignation of Alaska Governor Sarah Palin, her successor Lieutenant Governor Sean Parnell has announced that the North Slope pipeline will be his top priority. Parnell is expected to pursue many of Palin’s basic policy initiatives, including an Alaska natural gas pipeline.

Siemens' Pipeline Demo Center simulates technologies on a model pipeline system.

Rising demand for electricity at home and abroad will bolster Southeast Asian coal markets in the current financial climate.