Global oil supply is growing fast; in September, world oil production, at around 100 mb/d, was 2.6 mb/d higher than a year ago. Non-OPEC output is forecast to expand by 2.2 mb/d and 1.8 mb/d in 2018 and 2019, respectively, led by the United States.
Gas Capital Expenditure Boost to Fuel the Energy Transition
DNV GL’s Energy Transition Outlook predicts upstream gas capital expenditure will grow to a peak of USD1.13 trillion in 2025. It will enable gas to overtake oil as the world’s primary energy source in 2026.
EIA Short-Term Energy Outlook (STEO)
The following is the October 2018 instalment of the monthly forecast provided by the U.S. Energy Information Administration.
Region Strategizing E&P Growth
Southeast Asia is aiming to buck trend of being nett energy consumers, with Indonesia, Malaysia, Thailand and Vietnam leading the region in terms of reserves and production.
Bids & Pieces
Scene & Heard
CUI – Occurrences, Inspection Methods, Installation Methods
Corrosion Under Insulation (CUI) is a problem in the industrial sector, including refining, petrochemical, power, industrial, onshore and offshore industries and it is a real threat to the on-stream reliability of many of today’s plants.
The X.0 Revolution – Powering the Future of Oil and Gas
Companies are investing heavily in digital to drive growth and value, but it’s not a simple game of mix and match. To achieve real digital transformation and unlock lasting value, companies must carefully select the right combinations of advanced technologies.
Boosting the Business Value of Risk Assessment
Quantitative risk assessment (QRA) benefits an operator more than simply complying with varying regulations. Dynamically updating QRA offers cost, production, and safety benefits. Dynamic QRA supports decision making and planning to improve risk management. Digitalization assisted by online tools enables dynamic QRA.