Category: Resources

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DCS: Forecasted hydrocarbon production in decline

DCS: Forecasted hydrocarbon production in decline

The Resource Inventory and Forecasts report released by the Danish Energy Agency showcases that, as per 1 January 2019 the total reserves and continge [...]
Substantial oil resources to be unlocked in Norway through increased recovery projects

Substantial oil resources to be unlocked in Norway through increased recovery projects

The average oil recovery of producing fields in Norway currently sits around 45%, with almost 70% for gas fields. These recoveries have been the outco [...]
US in the lead

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 10 [...]
The World Needs More Energy

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, th [...]
Deep Blue – one of nine

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 innovat [...]
The Shale Oil Revolution

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 – almo [...]
Europe and North America not contributing to growth in sanctioned volumes

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 [...]
From 98 to 108 MMbopd

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 20 [...]
8.3 billion Scm left on the NCS

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 [...]
Wisting is growing

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 significan [...]
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