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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.

The company announced it would “initiate the process” of marketing its UK Central North Sea fields as part of a portfolio review.

View this year's list of recipients.

View this year's list of recipients.

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

Energy activity has shown solid expansion, but to increase drilling, companies need a higher average oil price compared to last year’s surveys, reflecting a steady increase since 2Q and 4Q in 2017. The ability to find workers and limited pipeline capacity could limit near-term growth.

Scheduled for startup in 2022, the FPSO is expected to produce up to 220,000 BOPD on the development offshore Guyana. Liza is one of eight discoveries ExxonMobil has made in area.

Supply growth into next year is projected to outpace global demand, bringing markets once again into a state of relative imbalance.

Aerial surveillance of oil and gas operations can help in decision-making and lead to quick and appropriate responses to deal with potentially detrimental matters.

A new survey of international experts has seen a swing of opinion away from mandatory removal of obsolete offshore infrastructure, reflecting an acknowledgment that offshore structures often develop into artificial reefs and form a part of the ecosystem around them.