Offshore Units lifecycle management – safety and operational reliability review
When it comes to addressing both safety and operational reliability, the Offshore Assets are always on top of the mind of any major Oil Company....
Tag : Oil
Natural Gas remains essential to Energy Transition – Deloitte
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According to Deloitte’s 2021 industry outlook, natural gas will remain an essential component of the global energy transition. However, this will depend on the evolving...
Biden plans climate infrastructure initiative
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The Biden Administration plans a major infrastructure initiative to advance its climate priorities and boost the U.S. economy. The package would push for more significant...
ExxonMobil to cut production spending by 2025
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On Monday, Exxon Mobil announced it would cut costs, retreating from a previous plan to increase oil and gas production spending by 2025. This action...
Colorado drilling with a new setback of at least 2,000 feet from homes and schools
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On Monday, the Colorado Oil and Gas Conservation Commission included a new requirement for oil and gas drilling activities to be set back at least...
Fossil fuels will still make up 2/3 of Canada’s energy sources in 2050
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According to a new report released by the Canada Energy Regulator, fossil fuels will still constitute a substantial part of energy sources over the next...
Aramco to keep dividend payouts in 3Q
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Aramco, the Saudi Arabian world’s largest oil producer, said it would remain to pay its quarterly dividend. It accounts for $18.75 billion every three months....
Fracking gas-focused companies are recovering from the Covid-19 impact
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According to industry people, fracking companies may rely on natural gas production to recover from the Covid-19 impact. Gas-focused drillers are seizing more opportunities than...
OPEC considers more cuts as Covid-19 cases rise
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OPEC members are considering to adopt more oil production cuts as Covid-19 cases in Western countries rise. More curbs in production? Members of the Petroleum...
U.S. Elections and the future of energy
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U.S. elections results will be crucial for the future of energy, industry experts observe. During President’s Trump administration, oil was at the forefront. With former...