GlobalData’s latest report, Q4 2018 Production and Capital Expenditure Outlook for Key Planned...
Norway leads globally in upcoming offshore projects
GlobalData’s latest report, Q4 2018 Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Global Offshore Industry – Petrobras Leads in Global Offshore Crude Oil Production indicates that globally, 387 planned and announced offshore crude and natural gas projects are expected to commence operations in 51 countries during the period 2018–2025.
Oil prices rise on signs of easing Sino-US trade tensions
Oil prices have increased following a drop in US crude stockpiles and over signs of easing trade tensions between the US and China.
Equinor continues to invest in UKCS oil and gas despite Brexit
Norwegian oil giant Equinor has announced its commitment to developing UK Continental Shelf (UKCS) oil and gas projects, despite plans for the UK to leave the European Union.
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 ANP considers 5 to 15 billion barrels of oil equivalent (boe) of additional resource in the TOR blocks.
Oil prices rise amid Asian stock markets rebound and OPEC supply cuts
Oil prices have increased by 1% after a recovery in the Asian stock markets and expectations that the proposed supply cuts by OPEC members and other suppliers would stabilise the supply-demand balance.
Chevron North Sea wins approval for Captain field EOR project
Chevron North Sea (CNSL) has received an approval from the Oil and Gas Authority (OGA) for the field development plan (FDP) of an enhanced oil recovery (EOR) project at the Captain field in Block 13/22a in the UK Central North Sea.
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
Shell UK takes final investment decision on Shearwater hub expansion
Shell UK has made a final investment decision (FID) on the expansion of Shearwater gas hub in the UK North Sea as part of its strategy to increase gas production from around the platform.
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