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Although new exploration is expected to bounce back from 2018 levels, the OGUK has cautioned that drilling activity continues to stand at a “record low rate” and supply chain firms remain under significant financial stress.
Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to report an increase in production rate at its 100%-held Norio field, where the Company is implementing a multi-well workover programme.
A sustainable business strategy contains a clear reflection of the implications of climate change and steps to reduce the carbon footprint of the industry while staying competitive during the energy transition.
Most banks operating in the upstream energy sector in the US have a portfolio of RBL borrowers and are generally comfortable financing within the confines of a typical RBL structure. However, a typical RBL financing in the US cannot be instated unless a company is already producing.
Our data shows that we are doing pretty well at recruiting young women, but the energy sector has not historically done as well at enabling them to progress into senior leadership roles.
Data-driven - Siemens
A case study shows how advanced condition-monitoring technologies – plus analytical expertise – can optimise maintenance of mission- critical equipment in offshore environments, while lowering cost and improving safety.