This report is now available on ASDReports. The hydrogen generation market is expected to grow from US$135.5 billion in 2018 to US$ 199.1 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.0% during the forecast period. The major factors driving…
Gibraltar insurers to lose passporting rights The UK’s decision to leave the EU creates some uncertainty for Gibraltar-domiciled insurers, AM Best has warned in a report. Gibraltar is a member of the EU by virtue of UK membership, and when this is relinquished by…
Justin Trudeau’s federal budget update has stirred some anger in Canada’s oil-rich West. While welcoming corporate tax breaks announced on the 21st November, Alberta’s Finance Minister Joe Ceci said he was disappointed that the urgent need to ease a dramatic crude-shipping glut and price…
More than 30 FPSO (Floating, Production, Storage and Offloading) projects could pass final investment decisions (FID) during 2019-2021, according to analyst Rystad Energy. Cost-cutting during the recent downturn have improved the economics of these projects in most cases, with 14 now breaking even at…
The Norwegian Petroleum Directorate (NPD) has granted Eni Norge a drilling permit for an appraisal well in the Barents Sea offshore Norway. The well 7122/7-7 S will be drilled from the West Hercules drilling rig after concluding the drilling of wildcat well 7324/3-4 for Equinor in…
Zion Oil & Gas has completed the testing programme of its primary zones located within the Jurassic and Cretaceous-age formations of the Megiddo-Jezreel-1 well, onshore Israel. As a result of the testing, Zion has determined that the well is not commercially productive. Zion’s…
Equinor and Global Petro Storage (GPS) have entered into a long-term agreement for a terminal and storage for LPG volumes in Port Klang in Malaysia. GPS will build a new facility to execute this agreement with start-up of operations planned for mid-2021. Equinor will…
An infestation of dots, thousands of them, represent oil wells in the Permian basin of West Texas and a slice of New Mexico. In less than a decade, US companies have drilled 114,000. Many of them would turn a profit even with crude prices as…
The price of Brent crude oil will recover towards the end of the year to average over US$74 per barrel in 2018. This is the core view of Fitch Solutions Macro Research, according to a recent report from the company. “The sharp decline…
Kvaerner has cut first steel for the topsides of the Johan Castberg FPSO, commissioned by operator Equinor. “Johan Castberg is an important project for Kvaerner and the Norwegian supplier industry because it enables us to further develop our expertise in constructing floating production vessels,…
