Asset performance and risk management: optimising maintenance in a data-focused world
Dr Neil Arthur, Lloyd’s Register, explores the most promising and impactful new technologies being implemented to optimise asset maintenance.
Stay up to date with the latest news and updates from the oil industry.
Dr Neil Arthur, Lloyd’s Register, explores the most promising and impactful new technologies being implemented to optimise asset maintenance.
The number of new assignments for the company grew by more than 50%, resulting in more than 70 active work streams in 2019.
Total's CAPEX cuts in 2020 will amount to more than US$3 billion.
Santos has reduced its 2020 CAPEX by US$550 million.
The new seismic datasets from Indonesia will be used to support the country's upcoming 2020 licensing round.
The company is to reduce CAPEX and exploration spending by 20% each for 2020.
The UK offshore industry's representative body warned last week that the industry's position was "paper thin" in the face of the Covid-19 pandemic and the oil price crash.
OKEA has said the Yme offshore project in the Norwegian North Sea, operated by Repsol, remains on schedule for first oil in 2H20.
China’s crude oil stock (including strategic and commercial petroleum reserves) could reach the equivalent of 83 days of oil demand, according to Wood Mackenzie.
The company is to sell its 49% equity stake in INOVA Geophysical Equipment Ltd. for US$12 million.
Production from the White Rose field and its satellite extensions, located 350 km off the coast of Newfoundland and Labrador, is still continuing.
The measures taken include a reduction of CAPEX to US$20 billion or below for 2020, from a planned US$25 billion.