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The government of Oman has transferred its stake in one of the Middle East’s largest oil blocks to a newly established firm. By royal decree, the new, state-controlled Energy Development Oman (EDO) will hold the country’s 60% stake in Block 6. The stake was moved from Petroleum Development Oman (PDO), another government-run company.

The Gas Exporting Countries Forum (GECF) forecasts in its annual global gas outlook that natural gas will comprise nearly a third of the global energy mix by 2050 and fuel more than half of the world’s electricity production. So, when it comes to fixing climate change, natural gas is one fossil fuel that can’t be dismissed. The 11 countries comprising the GECF control…

One should recall that statistics predict oil will continue to be the main source of energy for the next 2 decades, with heavy oil constituting a great portion of that. That means that, while the oil industry is going through unprecedented and even unpredictable economic downturns, the status of heavy oil is still unquestionable.

South American country looks to revitalize its offshore oil industry by offering 32 new blocks for exploration

Total number of applicants down for latest Barents Sea frontier licensing round.

Independent producer’s 2021 exploration budget will remain flat at around $150 million.

The authors demonstrate that alternating injection of polymer and water is effective and economical for heavy oil fields, even offshore.

Globally, the International Energy Agency forecasts a recovery in global demand for natural gas in 2021 led by growth in the Asia Pacific region as emerging markets recover. The US will continue to play a significant role as one of the largest producers and contributors to natural gas supply growth.

The paper details the fast-tracking of a 450-km floating liquefied natural gas unit relocation from Sarawak to Sabah offshore Malaysia. The time from selecting the new field to unloading LNG at the new location was 13 months.

Ease of use and crowd-pleasing economics are driving US shale producers toward wet-sand completions. Chesapeake Energy is among the latest converts and explains why it wants to use wet sand on every new well.