Oil Demand Growth to Slow Significantly From 2020 Oil demand growth is expected to slow significantly from next year, according to McKinsey Energy Insights’ Global Energy Perspective 2019 Reference Case. Oil demand growth is expected to slow significantly from next year. That’s according to McKinsey Energy Insights’ (MEI) Global Energy Perspective 2019 Reference Case, which was launched on Tuesday. Global oil demand has grown by more than one percent per year over the last three decades, according….
Month: February 2019
Will Oil Ever Hit $100 Again? | Rigzone
Will Oil Ever Hit $100 Again? Rigzone asks industry experts whether the price of oil will ever reach $100 per barrel again. Oil will hit $100 per barrel again, according to RoseAnne Franco, head of oil and gas at global risk consultancy Verisk Maplecroft. “It’s a question of when and will it stay there … the level of geopolitical uncertainty we confront today is particularly volatile and precisely the type of conditions that could lead to an oil price shock,” Franco told Rigzone. “That said, the u
Five new blocks for Shell in Egypt. Exploration to start ‘soon’
Oil and gas giant Shell has been awarded five production sharing contracts in Egpyt for three concessions in the Western Desert and two concessions in the Offshore Nile Delta.
Source: Five new blocks for Shell in Egypt. Exploration to start ‘soon’
Global Offshore Oil Set to Rebound?
Offshore spending is expected to increase 4-5% in 2019 and even outgrow onshore investment.
Italy to suspend oil and gas exploration activities
Oil and gas company ADX Energy has informed that the Italian Senate has passed a Bill to suspend oil and gas exploration activities in permits that have been approved or are in the process of being approved.