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.
Resources
«The Low Carbon Future»
In 30 years, Norwegian oil and gas production will be halved. At that time, CO2 emissions will reach a bottom level.
US in the lead
The United States currently holds 293 billion barrels of recoverable oil resources. This is 20 billion barrels more than Saudi Arabia and almost 100 billion barrels more than Russia, according…
The World Needs More Energy
In their Energy Outlook, issued every year, BP looks at the broad forces shaping the energy. This year BP highlights two key issues. Firstly, the world needs more energy, and…
Deep Blue – one of nine
The Exploration Innovation Prize is awarded a license group, company, team or person who during the last two years have given a courageous and innovative technological contribution in exploration for oil…
The Shale Oil Revolution
Barely recognizable some ten years plus, shale oil production from 6-7 US sedimentary basins has now reached almost 8MMbopd. Most of the oil – almost half of it – comes…
Europe and North America not contributing to growth in sanctioned volumes
Oil and gas market analyst Rystad Energy is expecting a rise in 2019 of final investment decisions (FID’s) on new petroleum projects (excluding shale and tight oil and gas prospects)…
From 98 to 108 MMbopd
According to the 2019 BP Energy Outlook, the Evolving Transition’ (ET) scenario, oil consumption will grow from 98 to 108 MMbopd from now and up to 2040. India (4.8MMbopd), China…
8.3 billion Scm left on the NCS
The Norwegian Petroleum Directorate (NPD) estimates that the total proven and unproven petroleum resources on the Norwegian Continental Shelf is about 15.6 billion standard cubic metres of oil equivalents at…
Wisting is growing
Operator OMV has increased the estimated recoverable resources from 350 million barrels in 2017 to 440 million barrels of oil in 2018. A significant effort has been made over the…
30% less reserves in Oda
Operator of the Oda field, Spirit Energy expects start-up for February or March. Estimated reserves are now 32.7 million boe of which 31.5 million bbls are oil. This is a…
500MMboe in 2018
Altogether 13 discoveries were made on the NCS last year. In total they proved a minimum of 240MMboe and a maximum of 720MMboe, according to NPD press releases throughout the…