Business

Discovery of oil and gas resources boosts a country’s economy, creates jobs, and nurtures the country’s growth and development. The success of oil and gas bid rounds over the decades has ensured that countries gain the value of their resources. This article describes the bid round process and explains how it works.

Over the next 30 years, the world will continue to consume fossil fuels even as consumers and industries transition to lower-carbon energy. Offshore oil and gas will be instrumental to the energy transition because of its relatively lower-carbon intensity and competitive economics.

The first in a series of article that aims to address the oil and gas industry outlook for the energy transition.

The article explains the asymmetry of crude oil and retail gasoline price spikes.

With the ever-changing landscape in the energy industry, innovation has become more critical than ever.

While Russia’s invasion of Ukraine has caused rapidly rising oil prices, market fundamentals will remain tight through the short-to-medium term. Absent a rapid increase in US shale investment and OPEC opening up the taps, that means prices could remain stubbornly higher than they have been seen since the 2014 crash.

Success of interactions between the operator and all the parties of a project supply chain puts efficiency of contracting practices on the top of the business priorities.

Following the 2014 oil price crash, the industry focused on capital discipline, leading to the “Great Moderation.” After almost 8 years of companies cutting costs rather than growing production, renewed optimism in the industry is set to drive capital spend upwards.

Sustainable investing has various definitions depending on who is asked. There is evidence to suggest that there may be a disconnect between the current ESG reporting and innovation for sustainability.

Some are better at coming up with ideas, others are better at converting them into reality. Innovation needs both.