Opec and partners agree to reduce output
Opec will reduce production by 800,000 b/d, while Russia-led non-Opec group will account...
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MENA economic outlook uncertain as oil loses its lustre
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Digital assist: how IoT and edge analytics can cut costs offshore
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OGUK reports on 2017 ‘accidental’ North Sea oil and chemical spills
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South America tops global planned FPSO deployments
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Indonesia leads spending on new-build projects in Southeast Asia
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North Sea transition will drive spending and production in the region
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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.
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
Greater Western Flank Phase 2, North West Shelf
The Greater Western Flank Phase 2 development, located off the north-west coast of Western Australia, is the fourth major gas development for the North West Shelf project in the past seven years.
Digital assist: how IoT and edge analytics can cut costs offshore
Saving time and money in the oil and gas sector is becoming ever more critical. How can digital tech such as predictive and edge analytics help the industry cut costs and improve safety? Greenwave Systems vice president of edge analytics John Crupi offers his insights.
Big Foot Oil Field, Gulf of Mexico
The Big Foot oil field is situated on the Walker Ridge block, 29, 362km south of New Orleans in the Gulf of Mexico, US.
OGUK reports on 2017 ‘accidental’ North Sea oil and chemical spills
Oil industry trade body Oil & Gas UK (OGUK) has announced its 2018 Environment Report, which claims that 256t of chemicals and 23t of oil were ‘accidently released’ into the North Sea in 2017.
Deals and M&As this week: EnQuest, Norske Shell, Exxon Mobil
EnQuest has secured full ownership of the Magnus oil field in the North Sea, UK, by acquiring the remaining 75% stake from BP for $300m.
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 71 planned and announced floating production, storage, and offloading units (FPSOs) are expected to start operations globally by 2025
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 that a total of 49 crude and natural gas projects are expected to start operations in five countries in Southeast Asia during 2018–2025.
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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