The 30th North Sea licensing round proves big players are not ready to leave UK waters yet, an analyst said today.
Oil firms are less than two years away from finding the final piece of the puzzle for unlocking the US Gulf of Mexico’s deepest bounty, an analyst has said.
Chinese shale gas production will almost double between now and 2020, energy consultancy Wood Mackenzie (Woodmac) has predicted.
BP's decision to push ahead with the development of the Alligin and Vorlich fields signals a change in tack from the energy giant, an analyst has said.
Norwegian major Statoil's name change is a "bold reinforcement" of its commitment to the energy transition, an analyst has said.
New conventional oil projects can compete with US shale on value after three years of cost cuts and efficiency drives, an analyst said today.
BP’s two new oil discoveries prove there is still life in the “old dog” that is the North Sea, an analyst said yesterday.
Getting old is expensive if you’re an oil well.
US President Donald Trump’s decision to slap tariffs on imports of solar cells coming from Asia has been met with anger from the energy sector.
The UK North Sea will enjoy a bumper year for production and new project sanctions in 2018, a new report says.
The US deepwater Gulf of Mexico is to achieve a comeback in 2018 after years of hardship, according to a Wood Mackenzie prediction.
Energy consultancy Wood Mackenzie (Woodmac) said today that competition for the best exploration targets will be “fierce” in 2018.
Upstream companies are to shift focus from merely surviving to thriving going into 2018, Wood Mackenzie said in a report.
Investment in the Middle East and North Africa (Mena) region is picking up after two years of decline, an analyst has said.
The rate of non-Opec production decline will remain steady through to 2020, creating disappointment for companies pinning their hopes on crude price rises, a new report said.
Changes to carbon emissions regulations could put a £33.2billion ($45billion) dent in the value of oil firms’ global upstream portfolios, a new report said.
The North Sea oil and gas industry needs to “keep the good work going” in order to fight off competitors for new investment, an analyst has said.
Since the 2014 Wood Review, Maximising Economic Recovery has been the remit of the Oil and Gas Authority. To achieve this, data transparency was a key aim, and in late 2016 the OGA delivered a 'Small Pools' dataset. Here, free data packages were provided for undeveloped resource on the UKCS.
Any future threats from Pyongyang could significantly impact neighbouring countries' energy trades, causing them to utilise strategic petroleum reserves, it has been warned.
Total's multi-billion dollar acquisition of Maersk Oil is driven by the French energy giant's desire to consolidate in the North Sea, an analyst said.
Falling renewables and battery costs will mean the displacement of gas as the leading source of energy generation in South Australia by 2025, a new report said.
The number of upstream projects sanctioned globally is on course to double this year as the sector’s recovery continues, an energy consultancy has said.
Scottish energy consultancy Wood Mackenzie (WoodMac) says global oil and gas exploration in mature basins remains focused on high-margin, low-cost and near-field prospects.
Oil majors will switch more capex from upstream projects to renewables over the next 20 years as green power starts yielding greater returns, a new report said.
Stability and a slow recovery during 2017 may consign last year to the history books as a “nadir” for conventional global oil and gas exploration, an Aberdeen-based energy research consultancy said yesterday.