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12 December 2018
Auctioning presalt Transfer of Rights areas could help balance budgets in Brazil
The Transfer of Rights (TOR) is a presalt area in the Santos Basin originally awarded to Petrobras in 2010. To date the latest appraised estimate reported by the hydrocarbon’s agency...
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12 December 2018
Qatar’s Opec withdrawal is a strategic decision
Doha conveying its plan to quit Opec may have been carefully timed, although it will hardly perturb the group’s affairs
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11 December 2018
Opec and partners agree to reduce output
Opec will reduce production by 800,000 b/d, while Russia-led non-Opec group will account for the other 400,000 b/d.
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11 December 2018
MENA economic outlook uncertain as oil loses its lustre
A mixed bag of circumstances faces the economies of the Middle East and North Africa in 2019, but positive progress is expected as governments move away from austerity policies
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6 December 2018
South America tops global planned FPSO deployments
The latest analytical report from Global Data, ‘Q4 2018 Global FPSO Industry Outlook – South America and Africa Continue to Lead Global Planned FPSO Deployments’ suggests that a total of...
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6 December 2018
Indonesia leads spending on new-build projects in Southeast Asia
GlobalData’s latest report, Q4 2018 Quarterly Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Southeast Asia – Indonesia has Highest Capex on New-Build Projects, indicates...
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5 December 2018
North Sea transition will drive spending and production in the region
A number of significant deals in the North and Norwegian Seas signify the current change that the region is going through.
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26 November 2018
Enticing terms offer high potential rewards for drillers off southern Africa
Attractive fiscal terms in Namibia and South Africa make for impressive potential rewards, balancing the offshore exploration risk.
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26 November 2018
Quarterly upstream M&A and capital raising deals – Q3 2018
GlobalData’s latest report, ‘Quarterly Upstream M&A and Capital Raising Deals Review – Q3 2018’, shows that global M&A and raising activity in the upstream sector totaled $80.9bn in Q3 2018.
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23 November 2018
A new Opec for a new energy order
The slump in prices since the US mid-term elections has again exposed the difficulties for oil producers’ group Opec in dealing with an oil market where Russia and the US...