Australia hits offshore industry with levy to cover $200m decommissioning costs
Australia plans to make its offshore industry cover the cost of decommissioning an abandoned project, despite industry opposition.
Q1 oil and gas results round-up: A rising price lifts all earnings
Larger oil and gas companies have started publishing their Q1 2021 results, showing massive gains...
The Scottish play: new issue of Offshore Technology Focus out now
In this issue: the future of North Sea oil, Covid-19’s impact on decommissioning, Total’s Mozambique investment under threat, and more.
Oil and gas majors agree on a roadmap for sustainable development
International Petroleum Industry Environmental Conservation (IPIECA), in collaboration with the World Business Council for Sustainable Development (WBCSD), has launched a...
CarbonCure Technologies wins $20m global tech competition
Canadian carbon recycling company CarbonCure Technologies has ranked first in the international NRG COSIA Carbon XPRIZE competition, sharing the top...
Latest Deals
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Bonanza Creek Extraction Oil & GasMergers & Acquisitions $1.1BN
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EnQuestMergers & Acquisitions $42M
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Mubadala PetroleumMergers & Acquisitions $1.1BN
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Puma EnergyMergers & Acquisitions $600M
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Bonanza Creek Extraction Oil & GasMergers & Acquisitions $1.1BN
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EnQuestMergers & Acquisitions $42M
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Mubadala PetroleumMergers & Acquisitions $1.1BN
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Puma EnergyMergers & Acquisitions $600M
Countries administering the most Covid-19 vaccine doses so far
| Country | Millions of doses |
|---|---|
| China | 324.3 |
| US | 259.7 |
| India | 168.3 |
| UK | 53 |
| Brazil | 46.9 |
| Germany | 34.4 |
| France | 25.4 |
| Turkey | 24.9 |
| Italy | 24 |
| Indonesia | 22 |
Latest News
Equinor secures consent to use Martin Linge platform in North Sea
Equinor has secured consent to use the Martin Linge platform at the Martin Linge oil and gas field located on…
Blue Ocean Seismic Services trails underwater autonomous vehicle for surveys
BOSS’ testbed ocean bottom seismic robotic vehicle is an early-stage prototype vehicle and associated communication, command & control system that…
McDermott receives design contract for Trion field offshore Mexico
McDermott International has secured a design contract for the Trion field development in the deepwater Gulf of Mexico offshore Mexico.…
Shell makes oil discovery at Leopard prospect in US Gulf of Mexico
Shell Offshore has made an oil discovery at the Leopard prospect in the deepwater US Gulf of Mexico (GoM). The…
Latest Themes
Digital twins giving boost to asset management in the oil and gas industry
GlobalData’s latest thematic report, ‘Digital Twins in Oil & Gas,’ provides a comprehensive review of the expanding role of digital twins across industrial applications, with...
Poll invokes mixed response to European Union’s plan to impose bloc-wide carbon footprint taxes by Summer 2021
The European Union (EU) plans to revise their energy taxation rules by Summer 2021 to achieve net zero emissions by 2050.
Biden administration’s decision to rejoin Paris Climate Agreement can negatively impact the US oil and gas companies, majority say in GlobalData poll
The US was among the 196 signatory countries of the Paris Climate Agreement in 2015. However, in 2017 Donald Trump, the former President of the...
The role of renewables within upstream oil and gas is gaining significant momentum
Upstream oil and gas companies are responsible for significant Greenhouse Gas (GHG) emissions and are some of the largest carbon-emitting companies globally.
Carbon pricing likely to drive emissions abatement efforts in the oil and gas industry
There has been a strong start for carbon pricing initiatives in 2021. These include developments in major carbon-emitting countries such as China and some producers...
AI is key for O&G companies targeting sustainability
Surviving the current downturn will require oil and gas companies to adapt. While the pandemic will relent, sustainability pressures will not.
Traditional fuels to remain prominent despite AFV sales growth
Within the different components of the energy transition, the replacement of internal combustion engine cars by alternative-fuel vehicles appears to be inevitable.
Elsevier partners with MapStand to provide energy infrastructure data to geoscientists
Information analytics company Elsevier has announced the integration of MapStand data layers and news into Geofacets, its information solution for geoscience professionals in the oil...
Expert Commentary & Analysis
View MoreShale: Macroeconomic Trends
The uncertainty in global oil and gas demand will persist in the short term and will affect the rate of recovery for shale industry, which is expected to be slow.…
Oil and gas production from the DJ Basin play expected to witness a slow recovery
GlobalData’s latest report, ‘DJ Basin in the US, 2021 – Oil and Gas Shale Market Analysis and Outlook to 2025’ provides a comprehensive review of hydrocarbon appraisal and development in…
Algeria inaugurates key gas pipeline
Algerian Minister of Energy and Mines Mohamed Arkab has inaugurated the EGPDF pipeline, which links to the international Medgaz pipeline that transports natural gas from Algeria to Europe. Arkab, accompanied…
Shale: Technology Trends
There have been consistent improvements in upstream shale operations techniques and materials used for well completion and production. The use of infill drilling to increase production from a well cluster…