Rystad Energy: After years of misery, a strong outlook for offshore operators
An expected US$210 billion will be spent on offshore oilfield services globally next year, according to Rystad Energy’s latest project sanctioning report.
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An expected US$210 billion will be spent on offshore oilfield services globally next year, according to Rystad Energy’s latest project sanctioning report.
In response to the challenges of effective water injection in fractured reservoirs, independent global completions service company Tendeka has launched a new technology to optimise oil production.
Brad Baker reflects on the state of the oil and gas industry, and what may lie ahead in 2019.
The FEED work involves undertaking activities required to finalise the costs and technical definition for the proposed development to enable a final investment decision, targeted for mid-2019.
The company has announced the award of a contract by Shell for the Shearwater Fulmar Gas Line (FGL) Re-Plumb Project, located approximately 140 miles east of Aberdeen.
BP Trinidad and Tobago has announced the sanction for two new gas developments offshore Trinidad, Cassia Compression and Matapal.
Gas from the Aasta Hansteen field is now available to the market for the first time, and together with the Polarled pipeline the field opens a new region for gas export to Europe.
The investment will be used to drive sales expansion and to bring to market additional artificial intelligence-enabled solutions, including methane detection.
2018 stands already as the best year for global oil and gas exploration since 2015. Guyana, Russia and the United States top the list with major discoveries.
Following production cuts mandated by Alberta’s Premier in early December 2018, Adrian Lara, Senior Oil and Gas Analyst at GlobalData, offers his view on the impact on the upstream sector.
Production has started from the Aasta Hansteen gas field. The deep-water gas development is located in the northern part of the Norwegian Sea, 300 km from the mainland of Norway and in water depths of 1300 m.
Sector enters the new year prepared to capitalise and build.