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.
In 2019, we expect more than 9% in production growth, thanks to the ramp-ups of large projects like Kaombo or Egina plus some start-ups in Brazil, UK and Norway. But we can also expect a volatile Oil & Gas environment! This is why we will maintain financial discipline and pressure on cost reduction to further reduce our break even so as to remain profitable whatever the oil price and be able to invest in the company for the future..
The Canada Assembly & Dinner is the birthplace of the Women’s Energy Council (WEC) and Canada has been more active than anywhere else in the world for this platform.
The oil and gas industry saw a steady decline in deal activity over the course of 2017. Will this trend continue in the year ahead?
Corporate and private equity executives foresee an acceleration of merger and acquisition (M&A) activity in 2018, both in the number of deals and the size of the transactions.
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.
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.
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.