Brazil has big plans as it sets its sight on increasing oil exports – but it will need investment in technology as it moves into ever deeper waters. Elaine Maslin reports from Subsea Expo. Various vessels await deployment in Guanabara Bay near Niterói…
Oil prices are set to rise on average US$10/bbl annually towards 2020, with global liquids supply and demand balancing out in around two years, according to Oslo-headquartered oil and gas consulting and business intelligence firm Rystad Energy…
Heriot-Watt University in Edinburgh, Scotland, is setting up a new center for energy economics research and policy with funding of US$1.9 million over three years from BP. The center will be involved primarily in providing the detailed…
With oil prices depressed, Greg Hale argues that automation could make a much needed difference in the offshore industry. The scenario is set and it is time for everything to play out: automation can come to the rescue of the offshore oil and gas industry…
The US Energy Information Administration (EIA) announced on 10 June that they predict US oil and natural-gas production in the Gulf of Mexico is at low risk of hurricane-related production outages for the 2014 hurricane season. The EIA…
This year's Offshore Technology Conference, held at Houston's Reliant Park on 5-8 May, broke records with 108,300 attendees, a 46-year high and a 3.3% increase over last year's numbers, the conference announced on 8 May 2014. Attendance surpassed the 2013 total of 104…
The US Energy Information Administration (EIA) estimates US total crude oil production averaged 8.3MM bbl/d in April—making it the highest monthly average production since March 1988. US total crude oil production, which averaged 7.4MM bbl/d in 2013…
Infield analyst Edward Richardson examines whether the newbuild rig market is heading for deeper waters. History shows us that when oil prices are high operators seek to expedite the development of existing reserves and prove up additional resources…
The foundations of the global energy system are shifting and the lives of energy policy makers are not getting any easier. If they didn’t have enough to worry about with securing affordable, sustainable supplies of energy to meet national needs…
The BG Group and Southern Union-backed Lake Charles Exports LLC has received approval from the US Department of Energy (DOE) to export US-produced liquefied natural gas (LNG) to non-Free Trade Agreement (FTA) countries. Lake Charles previously…
Ask industry executives what trend is top of concerns; unequivocally the answer will be the pending shortage of qualified engineers. You can talk about real-time data exchange, safety, security, Big Data, alarm management, contextualization…
For many years it’s been clear demand is rising – and that trend has stayed consistent – but there has been a lot of change in where the supply is coming from. BP estimates that global energy demand is likely to grow by more than a third between now and 2030…
Eleven panel sessions will give visitors to the SPE Offshore Europe 2013 conference unprecedented access to hear the views of top industry executives, government ministers and discipline specialists.The panel sessions will all aim to respond to the conference theme…
Despite higher oil prices, improving access to capital, increasing economic optimism and a generally more favorable deal environment, oil & gas executives are still cautious about engaging in M&A, according to Ernst & Young's sixth Global Capital Confidence Barometer…
March's Japanese earthquake, tsunami and resulting nuclear contamination at the Fukushima power plant spawned a disaster that will be hard to remedy or forget. As usual the events have had a number of dimensions, mostly unfortunate for that country no matter how developed and prosperous it has been…
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