The State of the Industry: Q2 2019
In the August 2019 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts relatively flat crude oil prices for the remainder of 2019 and through 2020 and a balanced global oil market in 2019 followed by modest inventory builds in 2020 as production growth outp ...The Global Shutdown Turnaround Industry Forum
It is more important than ever to have the skills and strategies in place for a turnaround that meets budget and schedule. A plant shutdown that goes off track cannot only break your maintenance budget, but can have a huge impact on your production targets. Who should Attend S ...Amsterdam NH NL 28 Nov 2019
Shell Eclipses ExxonMobil Once Again
Weaker refining margins and lower crude prices were cited as a slight drag on performance, but Shell's acquisition of BG Group is paying dividends as strong natural gas performance contributed to the strong profits. Unlike ExxonMobil and Chevron, Shell has only dipped its toes in the Permian, pre ...
A few weeks ago, energy supermajor BP made a US$5 million investment in Belmont Technology, a Houston-based artificial intelligence (AI) start-up. In the investment in Belmont Technology, BP is hoping to apply its AI cloud-based geoscience platform for more accurate lifecycle projections in explo ...Serica Energy partner with IT specialists Sword to support their asset transition journey
In recent years, the UK oil and gas industry has undergone some major changes. As fields mature and margins reduce for the big producers, smaller independent companies have been stepping in to operate assets more efficiently and extend the life of fields in line with the government's strategy to ...Serica Energy Completes BKR Acquisition From BP
Significant increase in reserves and production post BKR and BK completion Serica's pro-forma net 2P Reserves increased over 20-fold to 63.7 mmboe Net production from the assets acquired has averaged in excess of 23,000 boepd YTD of which over 85% is gas Acquisitions expected to be immediatel ...NPD: Drilling Permit for Well 24/9-13 in Production Licence 869
The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for wildcat well 24/9-13, cf. Section 15 of the Resource Management Regulations. The well will be drilled from the Scarabeo 8 drilling facility in position 59°17'51.93" north and 1°46'2.34" east after drilling wildcat ...Cue Energy: Conditional Agreement for WA-359-P Joint Venture and Ironbark Exploration Well Funding
Cue, BP, Beach Energy and New Zealand Oil & Gas have reached a conditional agreement to farm-in and drill the Ironbark-1 well BP to immediately take on well planning lead role BP to assume operatorship on satisfaction of certain conditions Cue to retain a 21.5% equity in WA-359-P with ...Cue Energy: WA-359-P Farmout and WA-409-P Option Agreements With New Zealand Oil & Gas
New Zealand Oil & Gas to acquire 15% equity in WA-359-P and a 5.36% equity option in WA-409-P New Zealand Oil & Gas to carry 2.85% of Cue well costs in WA-359-P Ironbark-1 exploration well now fully funded and planned for early 2020 A separate announcement regarding the formation of a ...Cue Energy: WA-359-P Extension of BP Equity Option
Extension of BP option to acquire 42.5% equity in WA-359-P until 25 April 2019 Melbourne, Australia 26 October 2018; Cue Energy Resources Ltd (ASX:CUE) advises that through its 100% owned subsidiary, Cue Exploration Pty Ltd, the 42.5% equity option over exploration permit WA-359-P granted t ...BP Alligin Oil Development - Comment From Westwood Global Energy Group
In response to today's announcement that BP has been granted approval for a North Sea development which it is hoped will produce 20 million barrels of oil, David Moseley, NW Europe Reports Manager at Westwood Global Energy Group ( https://www.westwoodenergy.com ) said: “The Alligin field, which h ...Engage with both the E&P community and financial sector at SPE's London Annual Conference.
SPE London Conference 23 October 2018 | Gibson Hall London, England, UK Hear expert opinion on oil and gas investment opportunities at SPE's London Annual Conference. With now only a week to go, register your place today to engage with both the E&P community and financial sectors. Hear from top ...Joint industry Human Rights Supply Chain Engagement
BP, Equinor, Shell and Total CEOs announce that they have agreed to join forces to create a collaborative approach to human rights supplier assessments in the energy industry. Participating companies recognise the importance of working with suppliers that respect human rights, in line with the UN ...SDX Energy - Recent Press Speculation
SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, notes the recent press speculation relating to the Company. The Board confirms that it is in discussions for the acquisition of a significant package of assets in Egypt from BP (the “Acquisition”). The Acquisition woul ...Equinor: Increased Value Creation, More Resources and Greater Ripple Effects From Johan Sverdrup
Increased Value Creation, More Resources And Greater Ripple Effects From Johan Sverdrup August 27, 2018 06:45 CEST Johan Sverdrup phase 2. Illustration: Try/Equinor Today, Equinor and the Johan Sverdrup partnership of Lundin Norway, Petoro, Aker BP and Total, are submitting ...
In shipping industry, where over-the-road trucks consume huge amounts of oil and gas, a business case for incorporating solar panels
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Keeping the oil business in the family
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Uganda’s Second Oil and Gas Licensing Round Will Attract Investment, Infrastructure Development
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Will Brexit affect the UK oil industry?
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Why is oil security suddenly a top priority in Africa?
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