Research News

 

Deepwater Leads in Discovered Oil and Gas

Jul 12, 2019

Half of the 6.7 billion barrels of oil equivalent (boe) new conventional oil and gas discoveries in the first half of 2019 were deepwater finds, signalling a return for explorers to high-risk frontier deepwater plays, said analyst Rystad Energy.Year-to-date average monthly discovered volumes above 1.1 billion boe reflect an uptick of approximate 35% compared to the 827 million boe seen in 2018, according to Rystad's mid-year review…

UK Offshore Wind Attracts Investments

Aug 12, 2019

Power companies including Ørsted, Vattenfall, Innogy, SSE and Scottish Power and financial investors such as infrastructure and pension funds are active in UK offshore wind power, said Deloitte.Japan, China and other countries in Asia are also showing increasing interest in the market…

NYPA Study on EU Offshore Wind Models

Aug 12, 2019

The New York Power Authority (NYPA) has released a report focused on learning from the European offshore wind sector.European offshore wind transmission models as a guide will help New York head towards its 9GW by 2035 goal.European nations have together installed nearly 16…

NYSERDA Selects 5 Offshore Wind Projects

Aug 08, 2019

The New York State Energy Research and Development Authority (NYSERDA) has selected five multiyear projects that will further study environmental and commercial fishing topics in support of responsibly developing offshore wind.The projects totaling more than $2 million advance Governor Andrew M…

Japanese, Australian Firms Join for FLNG Project

Jun 17, 2019

Australia's Transborders Energy  announce it has entered into a Joint Study Agreement with Japanese utility  Kyushu Electric Power Co., Inc. and its affiliate Kyushu Electric Australia Pty Ltd (Kyushu).  The Joint Study Parties will work together…

Offshore: New Project Pace Quickens

Jun 12, 2019

As the oil and gas industry comes out of the recent downturn, E&P companies are tempted to chase the rewards of higher oil prices by accelerating the sanctioning of new projects.However, haste can lead to less certainty of what the ultimate cost of any given project will be…

Collaboration to Support Offshore Wind

Jun 07, 2019

Atlantic Shores Offshore Wind, a 50:50 joint venture between Shell and EDF Renewables North America, has entered into a Memorandum of Understanding (MOU) with Rutgers University to advance ocean research and monitoring that will support offshore wind development…

Gulf of Mexico Oil Production Hits Record

Jun 03, 2019

Oil production in the US Gulf of Mexico (GoM) is poised to set new records in the imminent future, said Rystad Energy.Royal Dutch Shell started producing oil and gas this month at its Appomattox platform in the deepwater GoM several months ahead of its expected startup in 3Q 2019…

UKCS Investments On the Rise

May 31, 2019

North Sea operators and contractors are investing across people, R&D, technology and new markets to support continued growth, said a new report.The 30th Oil and Gas survey, conducted by Aberdeen & Grampian Chamber of Commerce in partnership with the Fraser of Allander Institute and KPMG UK…

Trade War Puts LNG Projects at Risk

May 16, 2019

The escalation of the trade war between the US and China could jeopardize several LNG mega projects that are awaiting final approval, said Rystad Energy.China announced on Monday that it will raise the duty on imports of US liquefied natural…

Oil Price Risks Rise

May 14, 2019

Supply disruptions in the Middle East on top of an already tight crude market could send oil prices violently upward, said the energy research firm Rystad Energy.Two Saudi Arabian oil tankers were reportedly attacked off the coast of the United Arab Emirates this weekend…

Oil&Gas Industry Records 1242 Contracts in Q1

May 13, 2019

The Oil and Gas industry reported 1242 contracts, of which 1178 were awarded contracts, said Quarterly Oil & Gas Industry Contracts Review.Europe, the Middle East and Africa (EMEA) region recorded the most contracts with 569 contracts, representing…

NPD Bullish on Barents Sea

May 09, 2019

Norwegian Petroleum Directorate (NPD) said that its estimates indicate that more than half of the oil and gas that has not yet been discovered is located in the Barents Sea.The rest is distributed between the Norwegian Sea and the North Sea…

800bln Undiscovered Barrels of Oil and Gas Exist Globally

May 08, 2019

Total greenfield project sanctioning, summed up to the present day, only accounts for 40% of estimated volumes of offshore projects ever being sanctioned, said Rystad Energy, the  energy research and consultancy headquartered in Norway.'Likewise…

65,000 Wells will be Drilled in 2019

Apr 30, 2019

Rystad Energy forecasts that the number of onshore and offshore oil and gas wells drilled globally will increase to around 65,000 in 2019.Activity levels are then projected to remain around this level through 2023, the energy research and business intelligence company said…

Current News

New Jersey to Create WIND Institute

New Jersey to Create WIND Institute

Empyrean Energy to Spud Well in Indonesia

Empyrean Energy to Spud Well in Indonesia

Ed LeBlanc Joins Ørsted

Ed LeBlanc Joins Ørsted

Rotterdam Port Rides High on Offshore Waves

Rotterdam Port Rides High on Offshore Waves

Power Outage Shuts Hibernia Production

Power Outage Shuts Hibernia Production

Saudi Aramco Asks Banks to Pitch for IPO Roles

Saudi Aramco Asks Banks to Pitch for IPO Roles

Seadrill Using AI to Monitor the 'Red Zone'

Seadrill Using AI to Monitor the 'Red Zone'

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week