Investments from global E&P in 2021 are projected to reach around $380 billion, almost flat year-on-year, a Rystad Energy report shows.
The Organization of the Petroleum Exporting Countries (OPEC) has lowered its 2020 oil demand forecast to negative -9.8 million barrels a day.
Following the Covid-19 pandemic and the oil price crash in early 2020, for some players in the oil and gas sector consolidation may be the only way to stay solvent.
Despite concerns that Covid-19 could drive down discovered volumes to their lowest levels in decades, exploration activity has been resilient this year with discovered resources set to hit 10 billion boe in 2020.
Subsidiaries of oil and gas services provider Sapura Energy has won several contracts worth RM611 million (around $148.4 million).
Total has signed a strategic framework agreement with ADNOC to explore joint research in the areas of CO2 emission reductions and CCUS.
Heerema Marine Contractors’ heavy lift vessel Aegir has completed the installation of North Oil Company’s Al-Shaheen Gallaf 1 Project offshore Qatar.
A joint venture between Euronav and International Seaways has been awarded a 10-year contract extension for FSO duo operating on the Al-Shaheen field.
Energy intelligence firm Rystad Energy believes that if Trump should win it may make oil prices great again while Biden effect is more mixed.
The Covid-19 pandemic and energy transition are expected to expedite peak oil demand to 2028 and cut demand levels to 102 million bpd, according to Rystad Energy.
UAE-based offshore oil rig builder Lamprell has been awarded a medium-sized contract by International Maritime Industries (IMI) for engineering design services.
As a powerful partner of the maritime industry, Liebherr Components offers ideal solutions for a wide range of requirements. Components by Liebherr are specifically designed and produced for use in maritime onshore and offshore applications. For many years, gearboxes, winches and slewing bearings ha
Julian Manning, CEO of Paradigm Group has shared his insights on how we can improve on energy loss during its actual production and what role fossil fuels will play for energy transition. Manning highlighted that energy waste is potentially the biggest source of energy during the current transition.
An analysis by Rystad Energy has revealed that one quarter of the global floater rig fleet could be scrapped as the Covid-19 pandemic accelerates restructuring in the offshore drilling market.
