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UAE oil and gas sector needs to commit to long-term thinking

According to a new report by DNV GL, the leading technical adviser to the oil and gas industry, more senior oil and gas professionals in the UAE felt their organisation had been successful in achieving its cost-efficiency targets over the ...

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Oil and gas decision-makers under increased pressure to reduce asset downtime

Oil and gas decision-makers are coming under increasing pressure to reduce asset downtime, according to new research. As part of Lloyd’s Register Energy’s Technology Radar research programme, the survey of oil and gas decision-makers was commissioned to mark the launch ...

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Industry optimism building for oil and gas production in Quebec

The Globe and Mail reported that oil and gas players like Questerre Energy Corp. are turning their sights to Quebec for growth as prospects sour in Alberta under the weight of regulatory and market uncertainty. Mr Michael Binnion, Questerre chief ...

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Dim outlook for oil, gas steel demand in South America

Tubemaker Tenaris is not very optimistic about a recovery in demand for its steel tubular products from the oil and gas industries in the near future, its CEO Paolo Rocca said during a conference call. The executive stressed that oil ...

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The Earth is not running out of oil and gas

The world is no longer at risk of running out of oil or gas, with existing technology capable of unlocking so much that global reserves would almost double by 2050 despite booming consumption. Mr David Eyton, BP Group head of ...

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Shell leads USD 19 billion of gas, oil and gas writedowns

More than USD 19 billion in oil and gas writedowns have been reported in a single week as producers acknowledge what investors already knew. Royal Dutch Shell Plc leads the pack in recognizing that drilling prospects are worth a lot ...

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Australian oil, gas deals heat up with billion dollar merger

Australian oil and gas producers Beach Energy and Drillsearch Energy Ltd agreed to a billion dollar merger on Friday, the day after Santos rejected a USD 5 billion offer, signalling the industry’s fortunes may be bottoming. The pace of deals ...

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The oil and gas industry is at a crossroads

Oil and gas companies must embrace sustainability in today’s transforming energy landscape or risk losing to competitors who are redefining their approach to business, says world renowned thought-leader Jon Duschinsky. The globally acclaimed thinker and speaker on engagement, leadership, and ...

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Egypt awards four oil and gas exploration licences

Egypt has awarded four new licences to explore for oil and gas off its Mediterranean coast, weeks after Eni’s giant Zohr gas find piqued fresh international interest in the area. Egypt’s state gas company EGAS said in a statement that ...

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UAE moving ahead with plan to boost oil and gas output

The United Arab Emirates is moving ahead with its oil and gas investments despite the current drop in oil prices and expects no delays in plans to boost its crude output potential by 2017, the country’s energy minister said on ...

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