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As the oil industry begins to emerge from one of the worst downturns in decades, some see a new threat on the horizon: the growing use of electrically powered vehicles, which could cut seriously into future oil consumption. -
Total’s Laggan Tormore project claimed the International Petroleum Technology Conference (IPTC) Excellence in Project Integration Award at the 10th IPTC in Bangkok, Thailand.
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Layoffs have slowed, some companies posted profits in the third quarter, and there is even talk of a coming oil shortage that would cause oil prices to spike.
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Many of the top-level executives attending the SPE Annual Technical Conference and Exhibition (ATCE) in Dubai see the oil and gas industry rising from a market that has bottomed out and is on the rebound.
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Service providers and national oil companies debate what increasing efficiency in E&P operations requires at ATCE.
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Strategy changes are needed to overcome the oil and gas sector’s current economic challenges.
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Although global crude oil production has declined in some regions since the collapse in oil prices began, and there have been massive cuts in company spending, world output has remained stubbornly resilient
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SPE's growth in the Middle East and a preview of the Annual Technical Conference and Exhibition in Dubai in late September.
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While OPEC has lost some its influence over prices, major natural gas producers are working to create their own cartel that they hope could bring some stability to international gas prices.
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The renewable energy sector is showing strong global growth, especially wind and solar power, but oil shows no sign of losing market share in the global energy mix.
