Libya expects to raise more than $20 billion in revenue in 2019, with production running at around 1.25 million barrels per day, the company’s chairman Mustafa Sanalla said at a conference in Tunis.
Oil price predictions always end in disaster but complacency in the market poses a number of risks, given global uncertainty.
Oil prices spiked as a result of the mid-September attack on Saudi Arabia’s production facilities but have since fallen back.
An attack on Saudi Arabia's oil industry came "from the north" and was "unquestionably sponsored by Iran", a military spokesman has said.
Oil rose for a second day after a drone attack on a Saudi Arabian oil field brought geopolitical risks back into focus, and as the prospect of more U.S.-China trade meetings spurred some investor optimism.
Energy giant Shell has released a video of special remotely piloted drones which are used to inspect thousands of wells and pipelines in Australia.
Drone inspections at Dounreay are saving the taxpayer tens of thousands of pounds a year, the Nuclear Decommissioning Authority (NDA) said yesterday.
Drone specialist Texo has carried out the first ever unmanned aerial survey of an offshore asset using combined technology.
Five Universities in the UK will launch a three-year project later this year which will use drone technology for the inspection of offshore wind turbines.
Industry body Oil & Gas UK has created a fresh publication to give the industry guidance on the growing use of umanned aerial systems (UAS) offshore.
Scottish drone technology specialist Cyberhawk Innovations is using its oil and gas unmanned aerial vehicle (UAV) experience to underpin the launch of its new Houston office.
Sky Futures has produced new footage showing how confined space inspections take place. The video was captured at the company’s 350acre testing and training centre. The drones can inspect storage tanks, vessels and other confined space and inspections take hours rather than days or weeks. Watch the footage below.
Cyberhawk has completed the first commercial oil and gas inspection in Qatar.
This stunning footage shows the Eimskip Norway Vessel Holmfoss at Aberdeen Harbour. The 82-metre long vessel has been visiting Aberdeen for the past five years. Watch the incredible drone footage below.
Scottish drone technology company Cyberhawk Innovations is poised for further expansion and diversification after a £2million funding package from Clydesdale and Yorkshire Banks.
Green-energy company Cella and the Argyll-based Scottish Association for Marine Science (SAMS) have together achieved what is thought to be the world’s first hydrogen-fuelled flight.
A drone has been used to capture a bird's eye view of a platform in the Mediterranean Sea. The remotely operated vehicle moves from land to air and across bright blue waters to capture the platform for the sky above.