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UK, Norway Offshore O&G Sectors to See Modest Rise in Investment in 2021

Dec 21, 2020

After a turbulent 2020 for the oil and gas industry, 2021 is expected to see a modest rise in investment in the UK and Norway offshore sectors, assuming a US$50 per barrel average oil price.Exploration activity could recover to 2019 levels and investment in new developments is set to increase. The M&A market is not expected to be buoyant, but there are plenty of assets for sale and deals to be done…

Why Green Hydrogen is Finally Getting its Day in the Sun

Dec 11, 2020

Hydrogen has taken off this year as the future green fuel of choice, with governments and businesses betting big that the universe's most abundant element can help fight climate change.More than $150 billion worth of green hydrogen projects have been announced globally in the past nine months…

Tracking the Environmental Impact of the Oil and Gas Supply Chain

Nov 24, 2020

With the energy transition gaining pace, several exploration and production (“E&P”) companies have adjusted their business models; both to reduce emissions and to mitigate climate-related business risks. E&Ps may be grabbing the headlines regarding…

Cash Buyers All Jacked-up for Rig Recycling

Oct 29, 2020

As the old saying goes, one man’s misery is another man’s fortune. This could not be a more accurate statement reflecting the current offshore mobile offshore drilling unit (MODU) market. As MODU owners battle debts, restructuring and bankruptcy (see previous article MODU Owners Bite the Bullet)…

Don’t Go Chasing (Deep) Waterfalls: The Future of Drillship Financing

Oct 14, 2020

The oil majors’ retreat from frontier plays limits future drillship demand with deepwater, investment looks limited to Brazil and Guyana, writes Gregory Brown, Maritime Strategies International.The future of offshore deepwater investment is under the microscope…

Global Energy Transition Already Well Underway

Sep 11, 2020

Policymakers still tend to talk about the global energy transition in the future tense, as something that might or will happen in the next few decades, but the transition is already well underway and shows signs of accelerating.Global energy…

Opinion: Turkey-Greece Conflict in Mediterranean Might Not be About Gas (Only)

Aug 21, 2020

The worsening stand-off in the eastern Mediterranean, frequently described as a gas conflict, has been gaining momentum. It may seem a strange time to be fighting over gas when prices remain in a slump due to weak demand and investors withdrawing…

Oil Market Stalls as Absence of Signals Compounds Summer Slowdown

Aug 10, 2020

Hedge funds' oil trading largely dried up last week as the normal summer holiday slowdown was compounded by an absence of price or fundamental signals about the future direction of the market.Hedge funds and other money managers purchased the…

Webinar: Floating Production Forecasts & Analysis

Jul 24, 2020

A free webinar will deliver latest forecasts and market intelligence for the global floating production industry, offering insider access to business and investment opportunities in the deepwater sector.Floating Production Systems: 2020 Forecasts & Analysis…

How Will the Asia Pacific Upstream Sector Emerge from the Crisis?

Jun 17, 2020

The oil price crash has transformed the outlook for the region’s E&P sector. Globally, governments and operators have been forced into action to rework investment plans in response to the dual impact of the precipitous fall in both demand and oil prices…

E&P Players' Widely-differing Views on Oil Price Future

Jun 16, 2020

BP’s announcement that it is going to write down the value of its exploration assets by $8-10 billion (56-70%) shows the accounting impact of its energy transition strategy.It also highlights the huge variation in how oil companies are viewing…

Why U.S. Energy CEOs will Get Big Payouts Despite Oil Meltdown

May 28, 2020

National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields worldwide, has lost two-thirds of its value, costing shareholders a combined $9 billion.Despite that performance…

Angola's Oil Exploration Evaporates

May 20, 2020

The coronavirus pandemic has done in a handful of months what even a 27-year civil war did not: it has brought oil drilling to a halt in Angola, Africa's second-largest oil producer.The consequences could be grave for a poor country that relies…

Oil Futures Markets Need More Transparency

May 01, 2020

Recent turbulence in the price of light sweet crude oil futures has highlighted how little is known about the positions of traders and their impact on the formation of prices.Exchanges and regulators see the positions of all members and traders…

Piracy Incidents Offshore Mexico 'Largely Unreported'

Apr 20, 2020

Piracy activity on the Mexican side of the Gulf of Mexico seems to be picking up, with several attacks in the past month on offshore support vessels.A little over a week ago, a Maersk Supply Service's offshore vessel was a target of an armed robbery offshore Ciudad Del Carmen…

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