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Communities reliant on the oil and gas industry say it may take years, not months, to bounce back from the coronavirus pandemic that’s ravaging local economies.

Though they have been a niche ever since their introduction to the market a few years ago, e-fleets are proving to be some of the most downturn-proof assets in the shale sector.

The industry has very limited experience in shuttering production on a large scale in unconventional reservoirs. Many questions remain on how stimulated, nanodarcy shale reservoirs may respond. George King discusses the paradigm shifts needed in the industry.

Penspen will also carry out engineering services on the Zirku Island plant.

The latest cuts come less than 2 weeks after OPEC+ began the largest round of coordinated production curtailments ever agreed to.

US energy-related carbon dioxide emissions declined by 2.8% in 2019 to 5,130 million metric tons, according to data in the US Energy Information Administration’s Monthly Energy Review. Carbon dioxide emissions had increased by 2.9% in 2018, the only annual increase in the past 5 years.

Video shows a substantial share of oil and gas flares are unlit or faulty, revealing a previously overlooked methane source that could turn out to be one of the region’s biggest.

The French oil and gas major announced that it plans to achieve net-zero emissions by 2050 for its global business across production and including energy products used by its customers.

Two discoveries offshore Mexico add to April’s finding in the Norwegian Sea.

FPSO sanctioning is at a minimum and few opportunities remain for FPSO suppliers to find new work and redeploy their vessels. Suppliers may be forced to accept day rate reductions in order to keep their vessels working.