China’s coal demand rises
Enerdata reports that China’s production of raw coal increased by 4.2%, together with coal imports which rose by 6.3%, benefiting from declining prices. The decline in crude oil production since…
Oil & Gas
Building of the world’s largest offshore wind farm started
The construction of the world’s largest wind farm has begun in the UK. Fugro lands deal with Dutch wind farm.
World oil demand still increasing
The consumption of oil is increasing in the world, and is expected to increase also this year.
OGA challenges O&G industry on Climate change mitigations
The Oil and Gas Authority (OGA) of the UK came with a press release today, where the chairman of the OGA, Tim Eggar, in a speech called up the industry…
Gas transport from the Barents Sea foresees new investment in infrastructure
There are many gas discoveries, and associated gas in oil discoveries, that could possibly be developed in the Barents Sea. Investment cost in new infrastructure and distance to the market…
Karstified carbonates commerciality of Alta and Gohta partly dissolved
Lundin Norway AS stated in a press release today that the most talked-about discoveries of the Barents Sea in 2013 and 2014, the 7120/1-3 ‘Gohta’ and 7220/11-1 ‘Alta’ discoveries on…
Revolutionising the Prediction of Reservoir Performance using AI
Coupling deep learning methods with dynamic reservoir models can result in tremendous time saving and more reliable production forecasts in oil and gas production. Reservoir models are vitally important in…
Equinor to develop field in Siberia
“This is an important milestone in the joint project that we have been working on for seven years,” says Elisabeth Birkeland Kvalheim, Country manager for Equinor in Russia. The North Komsomolskoye…
Adding 136 million barrels
It is estimated that the remaining reserves in the area increase by 136 million barrels of oil. The field was proven in 1967, and the original PDO was approved in…
Oil Jackpot in Guyana
With 14 oil discoveries adding up to an estimated six billion barrels of recoverable oil over the last two years in just one block (Stabroek), offshore Guyana is proving to…
Ireland’s oil exploration – do we really see the end of it?
While green issues are at everybody’s lips, oil and gas exploration offshore Ireland may in the future be limited to the search for gas.
The Olympus Oil Field Development Optimisation Challenge
Combined optimisation of well control and well placement for the improved production of oil and gas resources. What is the Olympus Challenge? The OLYMPUS Field Development Optimisation Challenge was developed…