Abu Dhabi’s Supreme Petroleum Council (SPC) has approved Abu Dhabi National Oil Company’s (ADNOC) new integrated gas strategy and plans to increase its oil production capacity to four mmbbl per day at the end of 2020 and five mmbbbl per day by 2030
Gas
Eni: World gas production increased by 3.6 per cent
World gas production has increased by 3.6 per cent, the highest y-o-y increase since 2010, said Eni at the second volume of the World Oil, Gas and Renewables Review
Oil exporters need to diversify economies to evade financial risks: IEA
Major oil and gas exporters need to reform and diversify their economies in order to overcome the financial risks in the years ahead, the new report by International Energy Agency (IEA), Outlook for Producer Economies, observed
Upstream players must boost spending to meet future demand: Wood Mackenzie
Global oil and gas development spending needs to increase by around 20 per cent to meet future demand growth and ensure companies sustain production in the next decade, according to Wood Mackenzie, a UK-based energy consultancy group
DNV GL predicts oil demand to peak in 2023
DNV GL’s 2018 Energy Transition Outlook, an independent forecast of the world energy mix in the lead-up to 2050, has predicted that oil and gas demand will peak in 2023 and 2034
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