LNG might be the last great opportunity in the oil and gas industry
The global economy is cautiously walking away from the shadow of the unprecedented challenge of the COVID-19 pandemic. The GECF is observing a reset of the world energy outlook for the longer term and is finding it imperative to take part in the imminent and accelerated energy transition towards a less carbon-intensive energy mix, which […]
Renewable energy project contract awards in 2021 have eclipsed deals for conventional power plant projects in the Middle East
Renewable energy project contract awards in 2021 have eclipsed deals for conventional power plant projects in the Middle East as the region’s energy diversification agenda gathers pace, according to GlobalData’s MEED. According to the company’s latest report, ‘Middle East Energy Transition’, there were no contract awards for oil-powered or gas-fuelled power stations in the Middle […]
Surging domestic supply will dent LNG’s Indian ambitions, but not for long
India’s domestic gas production has been in a sorry state for years. With output falling for more than a decade as legacy fields decline, India’s modest upstream prospectivity and challenging E&P regime have proven stubborn deterrents to new investment. And even as India’s gas demand has surged, the country’s notoriously byzantine business environment and more […]
Shell is in the process of divesting its operated joint ventures in Nigeria
Shell has started a process to divest all of its operated joint venture licences held by the Shell Petroleum Development Company (SPDC) in Nigeria. This includes a 30% interest in 19 Oil Mining Leases (OMLs). Gail Anderson, Research Director with Wood Mackenzie’s Sub-Sahara Africa upstream team, said: “There is considerable value upside across the joint […]
The investment will help expand the capacity of the ADNOC Al Nouf field from 160,000 barrels per day (bpd) to 175,000 bpd by 2024
Vantage Drilling say jack-ups Sapphire Driller and Aquamarine Driller will begin work offshore Qatar in February and March 2022
1.16 mmbd of crude and condensate production in Brazil in 2025 is expected from planned projects with identified development plans
Brazil alone is expected to contribute around 23% or 1.3 million barrels per day (mmbd) of global crude oil and condensate production in 2025 from key offshore planned and announced projects (new-build projects) that are expected to start operations between 2021 to 2025, according to GlobalData, a leading data and analytics company. The company’s report, […]
The Saudi Aramco investment in the Sudair project is its first participation with the PIF in its renewable energy programme
Woodside has confirmed it is in discussions with BHP over a potential merger involving BHP’s entire petroleum business
A merger would create a new international ‘super independent’ built for scale and resilience, with a long-term focus on LNG but exposure in the medium term to high-margin, deepwater oil. BHP’s oil operations in the Gulf of Mexico (GoM) complements Woodside’s deepwater capabilities and add a new core focus area to Woodside’s existing portfolio. BHP […]
The Oman-based land seismic acquisition company will use STRYDE’s Nimble and Compact systems to obtain better high-definition images for oil and gas exploration across several projects
Pioneering seismic technology provider STRYDE has announced an agreement with Africa Geophysical Services LLC, a land seismic data acquisition and processing company in Oman, to supply 154,000 of its nodes for projects in Oman and Africa. The deal is the largest for STRYDE in the Middle East and demonstrates the increasing preference for nodal systems […]
