The project could be delayed by up to two months
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COVID-19 and oil price war could slash two-thirds of 2020 oil and gas project sanctioning
If price of Brent crude averages around $30 per barrel in 2020, Rystad Energy estimates that total project sanctioning will be reduced to just $61 billion
Crescent Petroleum partners with SAP for digital transformation
Digital transformation with SAP provides real-time operational insights, integrated asset management, and upskills talent
OFS companies prepare as price war could cut $250 billion off E&P budgets
Rystad Energy says that the total capital and operation expenditure of upstream companies could be cut by $100 billion in 2020 and another $150 billion in 2021
Algeria fights to grow upstream sector
Almost one year after protests caused a massive shift in Algeria’s government, where is the country now, and what is it doing to repair its shrinking oil and gas sector?
SDX Energy makes commercial gas find onshore Morocco
It said that its total reserves would now accommodate three to four years of customer demand
Deep Casing Tools achieved 120% turnover growth in 2019
Plans to focus on decommissioning and bring new technologies to market are expected to boost 2020 growth
Coronavirus to delay most 2020 FPSO deliveries and postpone $30 billion E&P investments
At present, 28 FPSOs are under development globally, 15 of which are being built in China
Xodus Group reveals new analysis showing need for rapid pivot to gas
Xodus predicts that crude oil and coal will decline to 1,500 Mtoe per year and 1,200 Mtoe per year respectively by 2040
Petrofac wins $40mn EPCC contract from SNOC
Sharjah National Oil Company in January made its first gas discovery in thirty years