About 3 billion barrels worth of pre-FID projects await sanction, according to an energy consultancy.
Wartsila joins with Gasum to develop LNG distribution network for industrial sector.
Development costs for Phase 1 of the project offshore Norway have fallen by 21%.
In the U.S., the eight-week streak of oil rig additions came to a halt this week.
Unplanned production outages and low commodity prices have led to oil export revenue declines for OPEC members.
Norway’s Statoil and its partners have submitted two Plans for Development and Operation (PDOs) for two field projects—one in the North Sea and one in the Norwegian Sea—that were both made economically attractive by the use of existing subsea infrastructure.
Well stimulation levels have bottomed in the Greater Rockies following 18 months of decline, though significant activity expansion isn't likely anytime soon, service providers tell Hart Energy.