Global Resource management

Time to redevelop an abandoned European oilfield?

Souring oil prices have inspired NAM to consider redeveloping one of Europe’s largest oil fields. A 3D high resolution seismic survey will lower the structural uncertainties and horizontal drilling, in…

Yemen – for the smaller players

Despite Yemen’s modest and, as yet not fully explored, oil resources, the country has shown an impressive progress in the business. Since the preliminary geological studies started in the eighties,…

Critical Minerals From Sedimentary Basins

Exploration for critical minerals in sedimentary rocks and basins is rapidly growing in the US as the country seeks to decrease its dependency on China, which has been the dominant…

Will US Oil Take Over the World?

Is the continuing rise in oil production from unconventional sources in the US financially viable? “In a major shift, the United States is set to produce more oil and liquids…

Future Energy Consumption

Primary energy consumption grew by 2.2% in 2017, which sets oil to be the largest provider of future energy consumption. Global Energy Consumption 2017 Primary energy demand (btoe) by (a)…

How Much Oil?

World oil output continues to increase – but if we experience a decline next year, it might be a consequence of lack of investments since 2014. “The energy transition is…

Hunting the Silver Bullet

Prospect high grading does have an effect – an increased commercial success ratio as demonstrated by the Norwegian continental shelf. In 1978 – that is, almost 40 years ago –…

Arctic Hot Spot

It could turn out to be the discovery of the 21st century – or the duster of the year. Some 1.2 Bbo have reportedly been discovered in the Horseshoe-1 and…

The Quest for Oil

Once again the message is that, despite a phenomenal increase in renewable energy, oil is here to stay. BP is finally giving in. In the recently published BP Energy Outlook…

Oil is No. 1

Despite a strong growth in the use of renewables, oil is by far the preferred energy carrier When somebody tells you that the oil age is soon to end, and…

Some Basic Facts

Oil is still no. 1, but renewables are picking up fast – very fast. Global energy consumption grew by only 1.0% in 2015. This is in line with 2014 (1.1%),…

27 Years of Misery

Is it time to learn from the past? Statistics teach some basic history. In the time that Norway has been an oil producer, the oil price was lowest in 1971…