Global upstream development spending from 2015 to 2020 has declined 22%, or $740 billion, since fourth-quarter 2014, according to research from Wood Mackenzie Ltd. Including cuts to conventional exploration investment, the figure increases to just more than $1 trillion. Source: News
WoodMac: Global upstream investment down $1 trillion since oil-price slump
Global upstream development spending from 2015 to 2020 has declined 22%, or $740 billion, since fourth-quarter 2014, according to research from Wood Mackenzie Ltd. Including cuts to conventional exploration investment, the figure increases to just more than $1 trillion. Source: News
Yang named CEO of CNOOC
Yang Hua, chairman of China National Offshore Oil Corp. Ltd., has added the role of chief executive officer following the resignation of Li Fanrong, who had served as chief executive officer and president. Yuan Guangyu has become president. The changes are effective June 15. Source: News
Yang named CEO of CNOOC
Yang Hua, chairman of China National Offshore Oil Corp. Ltd., has added the role of chief executive officer following the resignation of Li Fanrong, who had served as chief executive officer and president. Yuan Guangyu has become president. The changes are effective June 15. Source: News
Russia considering sale of Rosneft stake
Russia is considering the sale of 19.5% of state-owned OJSC Rosneft in a private transaction, the company’s chief executive officer told an Italian newspaper. Source: News
Russia considering sale of Rosneft stake
Russia is considering the sale of 19.5% of state-owned OJSC Rosneft in a private transaction, the company’s chief executive officer told an Italian newspaper. Source: News
Drilling campaign commences in Colombia
GeoPark Ltd. has started its drilling program on the Llanos 34 block in Colombia. The company spudded its Jacana 3 appraisal well with plans to follow with the Jacana 4. Source: News
Drilling campaign commences in Colombia
GeoPark Ltd. has started its drilling program on the Llanos 34 block in Colombia. The company spudded its Jacana 3 appraisal well with plans to follow with the Jacana 4. Source: News
House GOP’s ‘better way’ includes energy, regulatory policy reforms
Republican members of the US House of Representatives proposed a series of policy changes to tackle excessive regulations, develop more American energy, and curb lawsuit abuse as a third plank in their “Better Way” for the next administration. Source: News
House GOP’s ‘better way’ includes energy, regulatory policy reforms
Republican members of the US House of Representatives proposed a series of policy changes to tackle excessive regulations, develop more American energy, and curb lawsuit abuse as a third plank in their “Better Way” for the next administration. Source: News