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Latest Canje Block test does not find commercial hydrocarbons.

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

This paper considers transportation safety and risk evaluation of liquefied natural gas, with emphasis on accidental release and vapor flame.

The paper describes the steps that have already been taken to create an industry-wide group that includes operators, class regulators, and service providers to agree on the primary challenges and to encourage development of practical solutions in a cost-efficient way.

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.

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.

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.

This paper presents a step-by-step work flow to facilitate history matching numerical simulation models of hydraulically fractured shale wells.

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The Norwegian Petroleum Directorate and Equinor have announced the biggest discovery so far this year on the Norwegian Continental Shelf. Three wildcat wells drilled in the Blasto prospect near the Fram field confirmed the find and were then permanently plugged and abandoned.