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SPE recently received two awards recognizing the successful launch of SPE Live during the COVID-19 pandemic.

Upon closing, the newly combined oil company will boast 135,000 BOE/D and hold around 15 years’ worth of drilling locations in the Permian Basin.

Tanker transit statistics via the Suez Canal broke historic records in April as Europe sought to import more crude oil and LNG from the Arab Gulf to replace traditional supplies from Russia.

DNV’s report reveals that energy professionals believe cyberattacks on the industry are likely to cause harm to life, property, and the environment in the next 2 years but less than half of them believe that the security of their operational technologies is as robust as that of their information technology.

The agreement will allow the Norwegian petroleum company to use FutureOn’s digital twin software for field development.

Researchers also determined the cuts would provide more than $600 billion a year in health benefits in the United States.

The deal grows the marine energy services company’s shallow-water GOM fleet by more than 30 vessels.

A new report shows that the tight offshore rig market is even tighter than most estimates reflect. This offers relief to battered drilling contractors which are now demanding higher dayrates.

Oil companies would have to pay a premium for the hardware and services needed for rapid expansion. But is that likely?

Norphlet-trend discovery will be developed via a three-well subsea tieback to the Blind Faith FPU.