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Venture groups spend their time evaluating hundreds of companies each year to only make a handful of investments. These two cover interesting ends of the upstream spectrum: aerial drones and downhole artificial lift.
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A weekly quiz from JPT editors drawing from facts in JPT stories and other energy related news of the week.
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Norway hopes for a continued rise in offshore exploration and development activity to ensure steady oil and gas production through the next decade.
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The past years’ stable workforce levels in the upstream petroleum industry—balanced by increases in shale workers and decreases in offshore workers—are set to shift with a boost in offshore projects, one research firm says.
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Supply growth into next year is projected to outpace global demand, bringing markets once again into a state of relative imbalance.
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Just 2 months after issuing more than a hundred licenses, the Oil and Gas Authority begins the process again for a whole new set of blocks.
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The company announced it would “initiate the process” of marketing its UK Central North Sea fields as part of a portfolio review.
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Methane monitoring using improved methods is detecting more gas in the atmosphere, increasing the need for better ways to eliminate releases.
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Some of the industry's largest players are now fueling the electrification revolution, and it is only the beginning.
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The $28-billion Shah Deniz Phase 2 project off Azerbaijan will supply gas to Europe through the Southern Gas Corridor pipeline system.
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Saudi Aramco’s aim to localize oilfield services in the kingdom is taking another step forward with an onshore drilling partnership with National Oilwell Varco.
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GE announced today that it is spinning off Baker Hughes in its strategic plan for growth and shareholder value creation. It plans to focus on aviation, power, and renewable energy.
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