Business/economics
The long-term outlook analysis says a potential shift toward new construction could push 2026 production 3% above 2025 levels.
Lower operating expenditures and a changing asset mix helped UKCS operators cut average production costs by 9% year over year, despite relatively flat production levels, according to the NSTA.
The deal adds 40,000 B/D of production and expands Cenovus’ SAGD footprint with three Alberta assets.
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A global energy model estimates the long-term energy mix, including solids, liquids, and gases, that will satisfy energy demand to the year 2040. -
After the 2010 Gulf oil spill, the Obama administration broke the scandal-plagued federal agency that policed offshore drilling into separate bureaus. Now, the Trump administration is considering putting it back together again.
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The momentous passage of the Petroleum Industry Governance Bill on 25 May 25 by the Nigerian Senate was heralded by many as a revolutionary step at creating a legal framework to address some of the perennial challenges that have plagued the oil and gas industry over the years.
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An analyst from Rystad looks at the state of the offshore drilling market and the likelihood of recovery by 2021.
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Petrobras, Wood Group, Shell, BP CEOs are among the industry leaders scheduled to speak at SPE Offshore Europe 2017 in Aberdeen.
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A group of conservation organizations sued the Environmental Protection Agency (EPA) on 5 June, saying the agency unlawfully suspended Obama-era rules to cut methane pollution.
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Pedro Parente, CEO of Petrobras, and Robin Watson, chief executive of Wood Group, are to speak at the opening plenary session at SPE Offshore Europe 2017, which is being held in Aberdeen from 5–8 September.
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As the GE-Baker Hughes deal moves closer to finalization we now know who will be leading the combined company.
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The budget ensures continued support of the offshore energy industry’s safe and responsible operations providing for secure and reliable energy production for America’s future.
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OPEC has renewed its effort to prop up global crude prices, but the impact may also drive US production higher.
