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In the short-term, Westwood expects FPS engineering, procurement and construction (EPC) contract awards to reach a total of just over US$5 billion in 2020 – a 59% decline from 2019’s ~US$13 billion.
Paola Rodriguez-Masiu, Senior Oil Markets Analyst at Rystad Energy, has commented on what yesterday's OPEC+ meeting may mean for oil prices.
Aurora is a small gas discovery in the North Sea located west of the Gjøa field.
Tendeka has joined the OSIsoft EcoSphere, a collection of more than 300 industrial leaders that provide products, applications, and services for the PI System.
Oil prices have risen as US crude inventories are believed to have fallen more than traders expected. However, more news that could move the market again could come from the OPEC+ meeting today.
Keppel has been awarded contracts in Singapore and Brazil.
A Rystad Energy analysis shows the number of drilled wells globally is expected to reach around 55 350 this year, the lowest since at least the beginning of the century.
The cordless 'green seismic' technology is connected via wireless systems, in lieu of cables, so the technology does not require special heavy machinery to install them.
READ is now the selected operator of EV’s downhole video technology in Alaska.
ExxonMobil accepted the thermoplastic composite pipe jumper product for water injection purposes on its affiliates’ projects worldwide.
Pulse1 technology for production tubulars is designed to deliver five times the accuracy of conventional techniques, with ‘all around’ sensing of tube condition.
Approximately 80% of the oil and gas properties impairment losses are due to the significant and immediate reduction in oil and natural gas prices assumed up to 2025.