Noble Energy-operated Tamar field has started commercial gas production, moving Israel closer to energy independence.

Based on the number of potential projects being planned, eight FLNG orders could be placed between 2013 and 2017, according to a recently released report.

A Bernstein report revealed production from GoM wells had the steepest annual decline rate at 23%, more than twice as high as wells in Norway and Brazil.

Disagreements over the Petroleum Industry Bill, including high tax rates, have hampered the industry’s efforts to move oil and gas projects forward.

The UK offshore sector is set for a period of record investment, with nearly US $150 billion (£100 billion) now lined up in operating companies’ plans for exploration, development, and production projects.