e&P
Posted inExploration & Production
Sub-Saharan Africa’s oil production aspirations could be cut by lack of investment
Major Sub-Saharan African countries have a relatively small number of projects in the pipeline in the next five years
Posted inExploration & Production
Malaysia to lead global offshore natural gas production from upcoming projects in 2025
GlobalData expects Malaysia to contribute around 12% of global natural gas production in 2025
Posted inExploration & Production
Upstream spending cut by $285 billion in two years
The sector will struggle to recover to pre-pandemic levels as it grapples with the pandemic
Posted inExploration & Production
Middle East and Africa’s oil & gas industry saw a drop of 32.92% in deal activity in Q1 2021
A total of 27 deals worth $4.81 billion were announced for the region in Q1 2021
Posted inExploration & Production
GlobalData expects 118 oil and gas project starts in Australia by 2025
In the upstream (fields) segment, GlobalData expects 53 projects to start operations in Australia during 2021 to 2025
Posted inExploration
After the costliest Chapter 11 year in history, 2021 bankruptcy numbers will normalize if WTI keeps up
Combined debt in the industry for companies filing for Chapter 11 bankruptcy hit $102 billion in 2020
Posted inDRILLING & PRODUCTION
OQ upstream CEO on its strategy for long-term growth
One year after OQ was formed, upstream CEO Adil Toubia discusses how its integration was right on time to help it cope with the pandemic, the company’s plans for growth and how digital technology is enhancing its operations
Posted inExploration
In century’s poorest licensing year, Norway led global awarded acreage, which reached 18-year low
Licensing rounds have been growing every single year since the previous downturn, reaching a high of 98 concluded rounds in 2019
Posted inDRILLING & PRODUCTION
Global E&P players may invest $380 billion in 2021, but about 20% is at risk
$76 billion of estimated 2021 investments could be at risk of deferral or reduction