Spending on conventional oil and gas exploration is on the rise and is set to top $50 billion this year, led by offshore investments, however, discovery volumes are falling to new lows, despite the rising investments. This is according to Rystad Energy, a Norway-based energy industry intelligence group.
Valeura Energy, the upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Turkey, has temporarily suspended production operations at the Wassana oil field, offshore Gulf of Thailand.
NEW YORK CITY – In its latest Offshore Oracle report, Evercore ISI commented that “our bullish view about the offshore markets was already strong,” and key data points offered by SLB in a recent investor presentation in New York City “further validated our viewpoint.”
As the green energy push gathers speed, propelling the shift to renewable energy sources forward, this raises concerns about oil and gas projects being in danger of turning into stranded assets while the world hurtles towards net-zero.
Artificial Intelligence (AI) has emerged as some of the biggest secular megatrends of our time.
Adetola Bademosi, Abuja The Federal Government has approved the amendment of the 2022/2023 deep offshore oil blocks mini bid round. It said the move was in a bid to boost confidence in the transparency and continuity of the 2022/2023 Mini-bid Round process. The Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Engr. Gbenga Komolafe in […]
Offshore oil and gas is set for the highest growth in a decade in the next two years
Thirty-two cyber breaches occurred within the oil/gas/energy sectors in 2022, according to a new report by cybersecurity firm Tenable.
Oil and gas workers have joined unions and climate groups to form an ‘unlikely alliance’ as they aim to protect local jobs, communities and the environment.
PGS has formed a partnership with the Ghanaian Petroleum Commission to apply technology advances in interactive rock physics offshore Ghana.