Six firms win Kuwait well-testing contracts
The total value of the awarded contracts is estimated to be about $200m. Six contractors have been awarded well-testing contracts…
22 Jan 2021
Sharjah to drill more wells at Mahani gas field
While state energy firm Sharjah National Oil Corporation is pressing ahead with drilling activity in the emirate’s concession area B, its partner Eni has yet to make a commercial discovery…
21 Jan 2021
Covid-19 Oil & Gas Influencers trends: Covid-19 leads Twitter mentions in Q4 2020
Offshore Technology lists the top five terms tweeted by Covid-19 Oil & Gas Influencers in Q4 2020, based on data from GlobalData’s Influencer Platform. The top tweeted terms are the…
21 Jan 2021
Brulpadda and Luiperd have potential to spark an energy transformation in South Africa
South Africa has seen a flurry of activity in the past few years, which has led to two major offshore discoveries for the country; Brulpadda in February 2019 and a…
20 Jan 2021
Marathon Oil recovered from the huge loss in Q2 2020, but its future cash flow will rely heavily on WTI prices in 2021 with breakeven at $35 per bbl
Marathon Oil posted a net loss of $317m in Q3 2020, recovered by 50% compared to Q2 2020 mainly due to recovery in oil demand in the US, along with…
19 Jan 2021
It’s time for Oil & Gas companies to invest in AI
The Oil & Gas sector has been slow to adopt AI. Only 56% of O&G executives surveyed by GlobalData said they fully understood the technology. Slow adoption is normal for…
15 Jan 2021
Weak natural gas demand from regional and export markets weighed on production from Appalachia Basin in 2020
GlobalData’s latest report, 'Marcellus and Utica Shales in the US, 2020 – Gas Shale Market Analysis and Outlook to 2021' provides a comprehensive review of the natural gas appraisal and…