Oil & gas news

Xodus believes worldwide energy consumption will continue to increase, driven by economic growth in developing countries, and that approximately half of that demand will need to be fulfilled by natural gas.

Wood is delivering an engineering design project for Chevron’s Anchor deepwater development in the Gulf of Mexico.

The Agogo field offshore Angola now has 1 billion bbl, following the drilling of appraisal well Agogo-3.

The project offshore Mauritania will the first where Maersk Decom will provide an end-to-end plugging and abandonment solution under one single contract.

Energean Oil and Gas plc has signed an agreement for the acquisition of Total’s stake in Block 2, offshore Western Greece.

Brent crude oil prices, which Rystad Energy earlier expected to average nearly US$60/bbl in 2020, are now forecast to slump to about US$56/bbl for the year following revisions to Rystad's January forecasts.

Ecopetrol drilled 20 wells in 2019, with a 40% success rate.

Subsea Engineering and Technical Services provides subsea engineering services to the offshore oil and gas industry in the UK and internationally.

The iEnergy cloud helps reduce corporate infrastructure costs and improve the effectiveness and efficiency of integrating, managing and supporting well data.

The additional oil production was delivered through infill drilling projects carried out as part of an aggressive production enhancement programme.