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The company forecasts economic growth in developing countries to lead the way for energy consumption while oil and natural gas become the dominant resource by 2040.
Spending in the Eastern Mediterranean, including development costs for Leviathan offshore Israel, makes up more than 20% of Noble Energy’s 2017 capital program.
The North African nation hopes to regain pre-Arab Spring production levels, but challenges abound.
The industry is coming back to life, with recovery reaching outside the prolific Permian Basin.
Less product results in greater depth than the competition.
With Shell U.K. Ltd. submitting a decommissioning program for the Brent Field to the U.K. government, three concrete gravity-based platforms create major logistics problems.
The company has initiated cost-saving measures and tackled drilling efficiency among other areas while working toward its goal of developing a remotely operated factory.
The country aims to increase domestic oil and gas exploration, development and production, while reducing its reliance on imports, to meet growing demand.
What do the production cuts mean for the balancing of the market?
Alberta operators face more than CA$2 billion in environmental licensee liability rating costs.
There are about 350 unsanctioned discoveries containing more than 3 billion barrels of oil equivalent remaining in the U.K. Continental Shelf. Most small pools are in close proximity to existing infrastructure.
Careful preparation and collaboration deliver Gulf of Mexico installation win for Hess and Heerema Marine Contractors.