While the oil price collapse is still fresh in our minds, rumours are starting to emerge that by the end of next year prices could once again top $100 a barrel.
The world’s oil and gas industry’s production will peak lower and earlier than expected before the 2020 market crisis, a Rystad Energy analysis shows.
OceanBased Perpetual Energy has entered into partnership with advisory and investment firm GAK Capital to support the development of the project looking to capture the power of Florida’s Gulf Stream and convert it to clean electricity.
The Saudi Arabian government and port operator Hutchison Ports have signed an agreement to invest and operate JCPDI Port which comprises multipurpose terminals within the Jazan City for Primary and Downstream Industries (JCPDI).
State-owned oil companies could waste around $400 billion on investments in the next decade on new oil projects that will struggle to turn a profit as the world shifts away from fossil fuels, NRGI said in its latest research.
Ocean Energy Systems (OES), a program within the International Energy Agency (IEA), has published a new guidance paper to respond to the need to have a completely objective evaluation of how ocean energy technology performs against key criteria.
Abu Dhabi Ports’ maritime arm Safeen has recently signed an agreement with Allianz Marine & Logistics Services (AMLS) to launch a new international provider of integrated maritime logistic services.
The oil and gas industry expects to boost investment in the energy systems of the future this year as companies seek to transform for the long term, DNV GL said.
The Covid-19 pandemic caused the value of 2020’s awarded contracts to slump to a 16-year low, according to Rystad Energy.
Lamprell has decided to reorganise into three new business units, Renewables, Digital, and Oil & Gas as part of its efforts to focus on energy transition.
New research has shown that aggregate fossil fuel demand would peak in 2027 with oil peaking in 2029 and gas in 2037, partially due to the impacts of COVID-19.
According to a worldwide survey, almost one-third of workers in the oil and gas industry faced pay cuts in 2020 due to the coronavirus crisis and drop in fuel demand and prices.
Rystad Energy has conducted a comprehensive company-level analysis of the world’s upstream industry, identifying the top carbon-intensity performers.
Westwood has reported that 72 high-impact wells were drilled in 2020, which is below 2019 level when 99 wells were drilled. In 2021, Westwood’s projections indicate that activity could at least reach 2020 levels with the potential to reach up to 100 wells.
