The third quarterly review of 2018 shares insights from around the world and looks at the trends that are shaping the future of energy companies.
Halfway through 2018, in the fourth year of the “deepest and longest” market downturn on record, it seems an apt time to reflect on the current state of play. Download the Quarterly review here.
The second quarterly review of 2018 shares insights from around the world and looks at the trends that are shaping the future of energy companies.
Our approach remains to be an open source, impartial platform that aggregates content for our membership. This Quarterly Review, like the ones before it, reflect the views of our members and followers all around the world. Download the Quarterly here.
The first quarterly review of 2018 shares insights from around the world and looks at the trends that are shaping the future of energy companies.
How will 2018 unfold? What we know unequivocally is the energy transition is here. It’s cascading across every continent that our members operate within, causing wide-scale revelation of business models, and redefined relationships between industry and society. Read what our members think of this new environment.
We have seen the entrance of many Private Equity backed independents into the US GOM, and the expansion of some traditionally shallow shelf focused players further out into the deep water, deep rock plays.
The wave of digitisation that is sweeping through the oil and gas sector has the potential to transform the industry, but first it must overcome several key challenges
Digitization, digitalization, digital transformation, and the digital disruption, which involve big data, big analytics, advanced analytics artificial intelligence (AI), machine learning, automation, the Internet of Things (IoT), and the ever-important, abundantly abstract cloud. Some of those terms are used rather broadly and interchangeably, leading many to wonder: What exactly are we talking about here?
The digital revolution is creating immense opportunities for oil and gas companies who harness the power of IoTm and data-driven solutions. However, to safely capitalize on the efficiencies and benefits afforded by increased connectivity, organizations must be prepared to respond to an evolving security landscapes…
Often called the fuel of the future the global liquefied natural gas (LNG) market is projected to reach USD 20.6 billion by 2025, growing at a rate of 12.7 per cent per year.
OKEA AS, the oil and gas production and development company on the Norwegian Continental Shelf (“OKEA”), founded by management and Seacrest Capital Group, is pleased to announce it has entered into an agreement with A/S Norske Shell.
The first official Women’s Energy Council Discussion of 2018 took place during Canada Assembly on May 30 in Calgary. For the first time, the Energy Council brought a full female panel together to address equality issues plaguing the energy sector.
According to BP Statistical Review 2007, at the end of 2016 South Sudan had 3.5 billion barrels of proven crude oil reserves, i.e., 0.2% of the world’s proven crude oil reserves. However, South Sudan, which got its independence from Sudan in July 2011, because of several problems, such as the lack of independent export routes, border disputes with Sudan, and since December 2013 an ongoing civil war, has not been able until now to consistently develop its oil industry; on the contrary, its oil production is currently declining.
It is important for governments in Africa to maintain stable and attractive Oil Policies that will foster exploration and international investment. CGG is very active in helping local governments and oil agencies to promote the oil potential of their respective countries through our multi-client programs.
We can speak most confidently about Nigeria; and here the story has not really changed over the past few years. The prolific nature of the Niger Delta means that it remains a hugely attractive terrain for oil and gas investments. As the majors divest from the Niger Delta to concentrate on the deepwater and in some cases, the gas export business, there are plenty of opportunities to pick up geologically low risk and yet world class assets. Domestic gas utilization is also an area of growth, which is increasingly being taken up by indigenous players such as Seplat. Marginal field opportunities will also grow.
Akshai Fofaria, Partner, Solicitor & Avocat and Regional Chair of the Africa Group, Pinsent Masons LLP
Pinsent Masons has been active in Africa since the early 1990s when we exported the private financing model to South Africa, culminating in the development of the Gautrain. Since then, the firm has provided an entire project lifecycle service, supporting those who have an economic interest in Africa’s major energy, natural resources and infrastructure assets, and are proud to have used our legal expertise to help facilitate the financing and growth of vital energy infrastructure on the continent, and to have provided strategic advice and representation to market participants.
Algeria and Libya are two of the world’s most important petroleum-producing countries. The two countries share a similar economic structure although Algeria has a more diversified G.D.P. composition than Libya has. Algeria has a preponderant role as a natural gas exporter, while Libya has an analogous role in relation to crude oil. However, similarly to many other hydrocarbons producers, Algeria and Libya are having some difficulties in attracting foreign investors at a time when these two countries need state-of-the-art petroleum technology and financial resources to develop their petroleum assets.