A comprehensive Rystad Energy analysis of oil production costs has revealed that the average breakeven price for all unsanctioned projects has dropped to around US$50 per barrel, down around 10% over the last two years, and 35% since 2014
Exploration
Shaping the energy of tomorrow
Siemens Energy held a MEA Week virtual conference in partnership with the DIHK, Ghorfa, GMIS and Masdar, from 19-21 October 2020, to drive forward the sustainability and decarbonisation agenda at a defining moment for the energy industry
OPEC recognises global oil consumption will not continue growing forever, says GlobalData’s MEED
The Organisation of Petroleum Exporting Countries’ (OPEC) recognition that global oil consumption will not continue growing forever is part of a growing chorus of gloom about the long-term outlook for oil, according to GlobalData’s MEED
Polarcus wins 3D seismic project in West Africa
Polarcus Limited has been awarded 3D seismic data acquisition services in West Africa with an expected duration of two months
Reshaping the future of energy
The era of global oil demand growth will come to an end in the next decade, but a rapid decline is unlikely without a large shift in government policies, according to the newly-launched World Energy Outlook 2020, the International Energy Agency’s flagship publication