Traditionally, when we have talked about onsite power generation, it is usually meant how it applies to various types of renewables technologies, such as wind, solar and energy storage. But in many countries onsite generation is usually dominated by diesel Gensets. But, increasingly we are seeing a growing demand for […]
M&A activity in oil and gas has almost ground to a halt after a flurry of deals last autumn
Demand is insufficient to absorb rising global supplies of this super-cold fossil fuel.
With global oil discoveries at some 1.73 trillion barrels, according to BP’s Statistical Review of World Energy [viii] and annual oil production running at 94.7 million barrels per day, the world has enough oil for at least another half century. At the same time new discoveries and new oil producers are further weakening OPEC’s ability to influence the global oil market.[ix]
Decommissioning to cost Indonesian oil and gas sector billions of dollars