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US Light Tight Oil (LTO) represented less than 1% of global oil supply nine years ago but now represents close to 10% of total global oil supply, a percentage which is expected to continue its ascent going forward.
The MoU between STATS, Sakhalin Energy and OOO INTRA Services Company was signed during the Eastern Economic Forum in Vladivostok, which was attended by Russian Federation President, Vladimir Putin.
The work will utilise the company's ultra-high-pressure abrasive cutting solution.
Crondall Energy will deliver a Concept Select study for Pharis Energy’s heavy oil Pilot Field development in the Central North Sea.
The Africa-focused oil and gas company has released its interim results for the six months ended 30 June 2019.
The 6-month project will cover approximately 8500 km2 and will be acquired by the Amazon Warrior using 14-streamers and Flexisource triple source.
Drilling Systems has launched a new licence-based pricing model which will cut the overall cost of entry level simulator technology by more than half.
Forum will provide global sales, distribution and support of Olis remotely operated vehicles (ROV) controllers for the offshore energy market.
The research and business intelligence company is forecasting a 4% decline in global oilfield service revenue if oil prices stay flat next year.
The report reveals that gas is the only fossil fuel expected to continuously rise in demand through to 2035.
The OOC Oil & Gas Blockchain Consortium, whose members include Chevron Corp., ConocoPhillips, Exxon Mobil Corp., Equinor and Royal Dutch Shell, has awarded a contract to Data Gumbo to pilot blockchain technology for water handling services.
At an event in Rio de Janeiro, firms paid a total of US$3.74 million for the rights to explore the areas in question.