Asset Management

The energy industry is in a rapid transition, with growing competitive pressures and the critical long-term need to reduce global carbon emissions, BP Group Chief Executive Bob Dudley said in introducing this year’s BP Energy Outlook.

The future of unconventional exploration will require a break from the status quo. With well productivity stalling, it is time to look for a new plan of attack.

Onshore development is increasing production, while investors demand greater operational efficiencies. Operators and service companies are striving to strike the balance between fiscal discipline and growing their production. How low can costs go, and for how long?

Startup company Eviation is aiming for its 9-seat commuter aircraft to be flying passengers by 2021 after signing up South Korea’s Kokam as its battery supplier. The battery will have 9,400 cells distributed throughout the aircraft including the ceiling, floor, and wings, weighing 3.8 tonnes, or 60% of the maximum takeoff weight.

Oil industry acquisitions appear ready to increase in 2018 and shift from survival strategies toward growth objectives, according to key business observers at global professional services firm EY.

Drilling and completion expenditure and activity is projected to show multiyear double-digit growth from 2018–2022 despite a flattening of rig count increases.

Delayed final investment decisions during the final quarter of 2017 led to more than double the combined count in 2015 and 2016.

This year’s OTC awards will go to individuals and companies that have made significant contributions to the offshore section.

Continued growth in production driven by natural gas, along with a modest increase in US energy consumption, will lead the US to become a net energy exporter within 4 years according to a new report from the EIA.

Two old school operators and a financial change agent embody a new era for the US onshore industry. Their CEOs convened at the NAPE Global Business Conference in Houston to explain why.