Deepwater , Subsea

Subsea Services Market Expected to Top $7 Billion in 2023

Rystad Energy sees increased brownfield activity driving a 20% increase in projected spend in the subsea services market in 2023.

January 31, 2023

Energy Transition , Technology

Transition in the Trilemma

Despite the energy trilemma, 45% of companies oil and gas sector are confident they can reach net zero by 2050, according to the Baker Hughes Energy Transition Pulse report.

January 30, 2023

Energy Transition

Energy Transition in Motion (Week of Jan. 27, 2023): Advancing Projects, Investment

Here’s a look at some of this week’s renewable energy news, including a $3.6 billion gigafactory expansion and a massive partnership for solar panels in the U.S.

January 27, 2023

Highlights , Technology

E&P Highlights: Jan. 26, 2023

Here’s a roundup of the latest E&P headlines including a production update from Tullow, an update on U.K. offshore opportunities and some contract announcements in the upstream oil and gas industry.

January 26, 2023

Business , Policy & Regulations

Tullow Oil Ups 2022 Free Cash Flow Outlook, Ghana Tax Looms

Tullow's cash flow this year may be impacted by higher capital spending, some of which is deferred from 2022, and decommissioning costs, said Finance Chief Richard Miller.

January 25, 2023

Rig Counts , Drilling

Uganda Unveils First Commercial Oil Production Drilling Program

Uganda discovered commercial reserves of petroleum nearly 20 years ago but has experienced delays over lack of infrastructure.

January 24, 2023

Crude Oil

What's Affecting Oil Prices This Week? (Jan. 23, 2023)

The latest Energy Information Agency report indicated that U.S. oil production was 12.2 MMbbl/d, which compares to 11.7 MMbbl/d at the same time of the previous year, according to Stratas Advisors.

January 23, 2023

Business , Energy Transition

Eni, Algeria’s Sonatrach Sign Sustainability, Energy Security Agreements

Eni and Sonatrach will explore the reduction of emissions, energy efficiency initiatives, renewable energy developments and other ways to create a sustainable energy transition.

January 23, 2023

Field Development , Emerging Plays , Deepwater

FPSO for BP's GTA sails toward West Africa

BP and partners expect first gas later this year from the development that straddles Mauritanian and Senegalese waters.

January 23, 2023

Crude Oil , International

Yellen Says Russian Oil Price Cap Could Save African Countries $6 Billion Annually

U.S. Treasury Secretary Yellen says Russia's war in Ukraine is harming Africa's economy and presses for 'timely' debt relief for African countries. 

January 20, 2023