With major offshore reserves, Israel could meet its own energy demands and even export LNG. However, political challenges in the region with Lebanon and Gaza remain.
The global subsea market and the continued development of its innovative technologies are more than just bubbling away nicely, according to a gathering in Aberdeen, Scotland of some of the world’s leading companies in the UK’s subsea industry.
After slippage in production targets in the country’s previous plan, India’s Planning Commission has set an agenda to reform India’s oil and gas sector, including the upstream, in its 12th five-year economic development plan (2012-17).
The offshore oil and gas drilling business has seen significant changes due to new successes, sustained high product prices for crude oil, increased regulations, an influx of new offshore rigs, and the development of an expanded drilling contractor community, according to Duncan Weir of Weir International.
With oil and gas companies facing several barriers to growth in 2013, forward thinking is needed to overcome momentary economic setbacks and map future successes in challenging new operating environments.
Concerned over the slow pace of development, India’s federal government is preparing a new set of rules for exploration and development of its coalbed methane blocks.