Following the early disruption caused by the crude price crash, the US shale industry has gradually started to adapt to the new pricing environment. Since the third quarter of 2020, a series of M&As were […]
The Norwegian Petroleum Directorate (NPD) reports that the preliminary production figures for October 2020 show an average daily production of 1,877,000 barrels of oil, NGL and condensate. Average daily liquids production in October was: 1,611,000 […]
Investments from global exploration and production companies (E&P) in 2021 are projected to reach around USD 380 billion, almost flat year-on-year, a Rystad Energy report shows. About 20% or USD 76 billion of the estimated […]
Once again, the Johan Sverdrup field is increasing its daily production capacity, expecting to reach around 500,000 barrels of oil per day by the end of the year – around 60,000 barrels more than the […]
The COVID-19 pandemic hit Australia’s already declining oil and gas workforce hard, causing a loss of over 28,000 jobs this year, equivalent to a quarter of the country’s total count, a Rystad Energy analysis reveals. […]
US’ shale oil output is set to decline this year thanks to the ravages of COVID-19, and as a result, 2020 average production is expected to fall by 3.1% year over year, or 7.5 million […]
Despite concerns that COVID-19 could drive down discovered volumes to their lowest levels in decades, exploration activity has been resilient this year. Found resources already exceed 8 billion barrels of oil equivalent (boe) and are […]
AGR’s engineering skills within field development, production and the increased recovery of hydrocarbons was utilised in Brazil where its project teams advised a new player in the country’s energy industry on a deal involving a […]
The expansion of the Snorre field in the North Sea consists of six subsea templates, which will be tied into Snorre A. The Norwegian Petroleum Directorate (NPD) reports that the authorities have given Equinor and […]
The latest IEA’s Monthly Oil Statistics report including August 2020 data shows that for Total OECD: Total OECD production of crude oil, NGL and refinery feedstocks decreased by 8.4% in August 2020 compared to August […]
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