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Permian oil output is growing fast, pipeline capacity is full with little relief in sight, truck drivers are in short supply, and the value of basin-produced crude is sinking. Is a drop off in activity—including drilling and production—becoming inevitable?

A new report from GIIGNL shows increased liquefaction capacity in Australia and the US as the key drivers in LNG supply growth, while Asia has been the leader in global LNG import growth.

As rig counts continue to go up in the region, the Permian water disposal market is expected to see growth through 2021 with a possible record-high 8.4 billion bbl next year.

Already poised to produce more than 500,000 B/D offshore Guyana, ExxonMobil added yet another discovery to its bounty in the emerging regional oil powerhouse, meaning a fourth development phase could be in order.

Equinor has grabbed seven new licenses in the Barents and Norwegian Seas, the latest in a flurry of offshore activity in which the firm has added acreage off the UK and Brazil, gained approval for a big Arctic project, and awarded billions of dollars in service contracts.

The memorandum on integrated and unified risk management in the petroleum industry aims to help companies continue developing their own activities in this area.

When the drilling crew arrives for the morning meeting, the computer will have generated its daily operations report.

Michael Borrell, senior vice president, North Sea and Russia at Total, was appointed conference chair. "Our License To Operate: Breaking Through to Excellence" will form the theme of the biennial conference and exhibition which will take place in Aberdeen from 3–6 September.

The goal is to support the development and sharing of best-practice approaches for project delivery and asset operations using cloud services and digital workflows in engineering and operations.

Explanation and related resources for the questions of the first JPT weekly quiz.