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Over 35% of the acreage available in licensing rounds that are either open or scheduled to close in 2H21 are located in shallow water, while ultra-deep water and deepwater acreage account for 24% and 19%, respectively, according to GlobalData.
The number of ‘live’ drilled but uncompleted wells in the US’s major oil regions slumped to 2381 wells in June 2021, the lowest level since 2013, analysis by Rystad indicates.
In order to reduce emissions and minimise losses, oil and gas companies should adopt measures such as carbon pricing by altering processes across the value chain, says GlobalData.
The four-week rolling average of US crude oil export volumes has not fallen below 2 million bpd during the past three years, despite the COVID-19 pandemic.
ESAI has examined vaccination trends in the top 25 oil-consuming countries, looking at case load, vaccine access, vaccine hesitation and government actions, in order to forecast vaccination rates and determine when the likelihood of lockdowns and diminished economic activity should drop considerably.
Emmanuel Guilhamon, Rockwell Automation, explains how oil and gas companies can use digitalisation to make vast improvements to their long-term cost structures.
The 23rd World Petroleum Congress continues to expand and build participation from key global energy leaders and companies, with the announcement of several new plenary speakers including Bernard Looney, CEO, bp, Amin H. Nasser, President and CEO, Saudi Aramco, and Anders Opedal, President and CEO, Equinor.
Alexandre Araman, principal analyst, Middle East upstream, Wood Mackenzie, assesses why the Middle East’s resource base stands it in good stead to meet demand as the energy transition gains pace.
According to GlobalData’s latest report, ‘Bakken Shale in the US, 2021 – Oil and Gas Shale Market Analysis and Outlook to 2025’, Bakken Shale accounted for a mere 11% of oil and 2.8% of natural gas production in the US Lower 48 for 2020, which is a drop from 12% for crude oil and 3% for natural gas in 2019.
The Petroleum Industry Bill aims to reposition Nigeria's petroleum sector as an attractive investment destination as the energy transition intensifies competition for capital.
Rystad Energy expects FPSO awards to reach a total of 10 units in 2021, with another 10 following next year.
The European oil majors benefited dramatically from elevated oil and gas prices in 1Q21 as income returned to near pre-pandemic levels, says GlobalData.