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.
Thanks to OPEC and Russia’s agreement to restrict supply, and rising world demand for crude, the Brent oil price has climbed past $82 a barrel, a big increase on the $56 prevailing at the same time last year and a four-year high. Also, the collapse in oil prices in 2014 […]
Oil and gas Floating Production Storage and Offloading (FPSO) vessels have opened up hydrocarbon reserves too deep for the reach of rigs and often too far from seabed pipelines and coast… The current population of over 270 oil FPSOs and four mega LNG floating production and storage units, harvest oil […]
February 2018, Vol. 245, No. 2 The supply of Russian natural gas across the Baltic Sea to Germany and onward to central and western Europe could be doubled by the proposed $10.6 billion (€9.5 billion) Nordstream 2 (NS2) pipeline. The 759-mile (1,200 km) pipeline, running parallel to Nordstream 1, will […]
Nicholas Newman Never heard of virtual pipelines, well I had better explain they are scheduled shipments of oil and gas transported by barge, ship, rail or road tanker to customers located beyond existing pipeline networks. Here is a snap-shot of some of the market developments and innovations worldwide concerned with virtual LNG […]