Over USD 85bn of 2020 forecast expenditure erased from oil and gas sector
To protect balance sheets, maintain shareholder pay-outs and preserve cash, oil and gas companies have gone into survival mode, reducing forecast expenditure …
Trends & Forecasts
Achema Congress 2021, submission of abstracts open
At the Achema Congress, researchers, developers and users get together to discuss what’s needed, what’s possible and what will be the next big thing in the …
Above a million oilfield service jobs will likely be cut in 2020 as Covid-19 and low oil price take toll
More than a million jobs in the oilfield service industry (OFS) are likely to be cut in 2020 due to low project volumes brought upon by the Covid-19 epidemic …
More than 200 UK and Norwegian oilfield services firms expected to go bankrupt over coronavirus
More than 200 oilfield services firms (OFS) across the UK and Norway are “set to become insolvent” due to the coronavirus outbreak, according to Rystad …
Lukoil plans $100 billion investment over 10 years
As part of a new development strategy, Lukoil plans to invest more than $100 billion in various projects, primarily in Russia, Vagit Alekperov, the chief …
DNV GL publishes a new oil and gas outlook
New research published by DNV GL reveals that optimism for growth in the oil and gas industry has weakened for this year. This comes amid uncertainty around …
Corrosion detection spin-out secures £1M investment
A university spin-out that has found a way to detect corrosion and prevent leaks in assets such as pipelines through a network of remote sensors has completed …
Investments worth USD 209 billion needed in MENA Power Sector from 2019 to 2023
Over the next five years, the MENA region will need to invest USD209 billion in the power sector according to the latest MENA Power Investment Outlook …
Gate type oil & gas valves to discover remunerative opportunities through 2029
In 2014, the global oil & gas valves market was pegged at approximately US$ 10 Bn. The global oil & gas valves market is estimated to be valued at over …
Global energy investment stabilised above USD 1.8 trillion in 2018
Global energy investment stabilised in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while …