Open markets can be a powerful ally for a world seeking to manage short-term disruptions to energy supply and meet long-term demand, BP group chief executive Bob Dudley declared at the June launch of the BP Statistical Review of World Energy…
The US oil & gas industry grew across several categories in 2011, including a 38% increase in exploration and development spending, according to new analysis from Ernst & Young. Russell McCulley reports.While total capital expenditures among…
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…
With the basin-opening Jubilee field and other oil and natural gas condensate discoveries, Kosmos Energy and its partners have placed Ghana on the deepwater oil & gas map. The company is now franchising its exploration strategy and aims to open…
'The scope of [NAM/Shell] well repair and maintenance work will see [Kraken] visit nearly 50 platforms.'Offshore oil & gas and wind power opportunities for England's eastern region were debated at the biggest ever conference staged by EEE…
The reigning and the emerging superpower are marching to their own beats, both of them in the process of long impact government elections and transitions. How the two countries handle themselves will affect the lives of millions, many beyond their borders…
Fifty-six i-FRAC sleeves were opened with three balls on the Norwegian shelf.Well technology company i-TEC has developed an innovative lower completion ball drop sleeve system which it claims can bring wells in tight formations online much more quickly than other methods…
When the oil & gas community looks to the aeronautical industry it's usually for technological inspiration. Now offshore training is entering the space age too, courtesy of a recent deal brokered by defense specialist Raytheon that will enable…
The complexity and sheer scale of Total's Pazflor project in block 17 offshore Angola – the field covers 600km2, six times the surface area of Paris – was outlined at the recent Subsea Europe conference in Paris by Laurent Villard, the operator's SURF installation engineering leader…
Statoil’s two UKCS heavy oil developments – Mariner in block 9/11a and Bressay in blocks 3/27b, 3/28a, 3/28b, 9/2a and 3/a – are back on track having been halted by the operator in March following the UK Chancellor’s decision to increase the…
Iraq's large oil-production potential could put it in a position to vie for leadership with Saudi Arabia in the world oil scene in the coming decades.But a study released by Rice University's Baker Institute for Public Policy finds that in the near term…
The number and total value of US oil & gas mergers and acquisitions dipped slightly in 2Q 2011 over the same period last year, according to a recent PricewaterhouseCoopers (PwC) study. But the average deal value for the largest transactions rose by 14%…
Hugo Chávez is a 50-years behind times anachronistic male version of Eva Peron. But he has been elected by the Venezuelan people and he must be reckoned with not just because it is the democratic thing to do but because Venezuela is crucial to America's energy security…
The days may be numbered for resource nationalism, Robert Johnson told the Houston World Affairs Council at the Mayer Brown offices late October. ‘Not every country is equally capable of exercising a campaign of resource nationalism,’ said Johnson…
Merger and acquisition activity in the US oil & gas sector picked up steam 3Q 2010, despite ongoing uncertainty about business in the Gulf of Mexico, reported PricewaterhouseCoopers.For the three-month period ending 30 September, there were…