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
e&P
Posted inExploration
Why is an E&P recovery slow to materialize?
Glenn Sniezek asks why the E&P industry is not following the US economy’s growth
Posted inExploration
Emerson unveils reservoir software for robust risk analysis, reserves estimates
The announcement strengthens Emerson’s end-to-end E&P software portfolio, helping operators achieve top-quartile performance and greater project certainty on investment and operational goals within new and established reservoirs.
Posted inNews
Editor’s Comment: All that glitters…
Bahrain’s headline-grabbing windfall may not be quite as substantial as the news reports suggest.
Posted inExploration
Pakistan to drill 90 new wells in hunt for further oil and gas reserves
Country aims to become self-sufficient in energy supplies and has found more than 100 new discoveries in past four years.
Posted inExploration
ADNOC signs new offshore concession agreement with Austria’s OMV worth $1.5bn
Recent series of offshore concession agreements generate $7.9bn in fees and secure markets for 40% of Abu Dhabi’s oil for next 40 years.
Posted inExploration
UAE’s Crescent leads Iraqi oil and gas auction success
Iraqi bidding round concludes with UAE based private operator doing the most business alongside interest from China.
Posted inExploration
Bahrain targeting finance for 80bn barrel oil discovery
Island kingdom is already assessing investment options to exploit massive offshore shale discovery.
Posted inExploration
Kuwait Energy begins extracting gas in southern Iraq
Iraq is hoping to spike its output of both oil and natural gas via JVs with other nations in the region.
Posted inProducts & Services
German E&P company eyes UAE contracts
Speaking at ADIPEC, Wintershall said it will grow its upstream activities in the Emirates