The rise in offshore oil and gas production expected in 2019 and beyond is due in part to the coming onstream of new fields aided by technological advances, which have dramatically cut E&P costs.
Conventional oil makes up around two-thirds of the world’s recoverable oil resources and accounts for 93 percent of today’s oil mix. More than half of this oil comes from oil fields that are past their peak and declining, revealed by a loss of about 3 million barrels of output last […]
Today investment in renewables projects is no longer looked at as an eccentric thing to do. Increasingly, not investing in such projects is seen as eccentric. Here are a few examples of planned and proposed renewable energy projects in various parts of the world. If these projects prove bankable and […]
There are proposals being studied by the Chinese power sector to develop a transcontinental power network that word link China with markets in not only in Central Asia but even Europe.
Russia’s Gazprom, in which the government holds a controlling stake, is responsible for about 11% of global gas output. In 2016, it extracted 419.1 Bcm of natural and associated gas, 15.9 million tons of gas condensate and 268.9 Bboe (39.3 million tons of oil). Gazprom is a vertically integrated energy […]