The OGA has issued its first Wells Insight report, following a period of two years collating and verifying well data, which provides a comprehensive insight into UKCS well stock and activity which will provide extremely valuable information for operators, service and technology providers. The report’s key messages emphasise the requirement to substantially increase new well…
Chinese President Xi Jinping has opened a new bridge between Hong Kong and the Chinese mainland – the longest sea crossing in the world. The 34-mile (55km) bridge has been under construction for the past nine years, costs about £15bn and includes two artificial islands. Some 6.7km of the crossing runs through a tunnel underneath the…
US semiconductor giant Intel is to expand production capacity at its Leixlip campus to meet growing demand for its computer chips. In a letter seen by the Sunday Independent, Intel interim chief executive Bob Swan outlined to major global customers an extra $1bn of capital expenditure that it plans to spend in 2018, citing the…
Plastics and other petrochemical products will drive global oil demand to 2050, offsetting slower consumption of motor fuel, the International Energy Agency (IEA) reports indicates. Petrochemicals are set to account for more than a third of the growth in world oil demand to 2030, and nearly half the growth to 2050, adding nearly 7 million…