Oil Market Cooling Down
With so much focus on geopolitics in recent months, underlying demand trends have perhaps received less attention but there are interesting developments. This commentary analyses both factors.
Oil and Gas Investment to Revive
Most professionals expect a step up in capex and opex in 2018 and confidence levels have doubled in a year. All regions display greater confidence in immediate prospects although cost control remains a priority now and for the long term.
EIA Short-Term Energy Outlook (STEO)
The following is the August 2018 instalment of the monthly forecast provided by the U.S. Energy Information Administration.
State Actors Face Challenges
International oil companies, particularly Chevron and Total, dominate Indonesia’s upstream oil sector. State-owned energy company Pertamina must balance its needs as a corporation against its mandate as a national oil company to meet domestic demand.
Coping with Increased Consumption
Natural gas production has increased by more than 11% between 2000 and 2013. While Indonesia continues to be a major exporter of natural gas, domestic consumption growth has increased at a faster pace than production, leaving less natural gas for exports.
Bids & Pieces
Scene & Heard
Countering Cyber Threats to Gas Networks
The gas industry is accelerating adoption of digitalization and data analytics. Greater connectivity can change and increase cyber vulnerabilities of some gas networks. Managing cyber threats to operational technology requires domain knowledge beyond general IT security. A DNV GL guideline helps operators tailor IEC cybersecurity standards to gas networks.
Disruptor an Enabler
Today’s fast-moving digital environment is enabling many companies to boost efficiency. However, very few are exploiting digital to its full potential. Despite a deluge of digital advancements, upstream oil and gas companies have been slow to seize the opportunity.
Technology for More Than Station-Keeping
With an attendance far surpassing a hundred DPA 2018 proved to be an important initiative to the global DP community.