Testing page for app

Phase 1 production from the deepwater US Gulf of Mexico field is expected to reach 30,000 BOPD. The field contains an estimated 5 billion bbl of oil in place.

Funded by a €10.6 million grant from the European Union’s Horizon 2020 program, the ambitious project will, for the first time, undertake an oceanwide approach to understanding the factors that control the distribution, stability, and vulnerability of deep-sea ecosystems.

The oil industry is investigating carbon capture and sequestration projects after Congress passed expanded tax credits last year. But questions linger about how much industry investments will actually lower greenhouse gases.

The Bureau of Safety and Environmental Enforcement is launching a safety initiative to bring critical information directly to offshore workers on the outer continental shelf. The BSEE!Safe program uses text messages to send links to its published Safety Alerts and Bulletins.

A key driver of socioeconomic change in any project context can be rapid population growth. Labor influx can have positive effects, but it often results in adverse effects. This paper summarizes a portfolio review focused on labor influx and social effects commissioned by the World Bank.

Saudi Aramco awarded a contract* to McDermott International for engineering, procurement, construction, and installation (EPCI) services in the Marjan and Zuluf fields, offshore Saudi Arabia.

Wood secured two new contracts from Equinor for onshore and offshore facilities in Norway.

New analysis from Rystad Energy shows service companies are beginning to raise prices after seeing a significant drop following the oil price downturn. Pricing power is projected to keep rising in 2020 as the service industry sees more demand across the supply chain.

Reports 20 June that Iran shot down a US Navy drone over the Strait of Hormuz—the global oil market’s most critical transit point—exacerbated tensions in the region following a pair of attacks on oil tankers in the Gulf of Oman just a week earlier.

Marathon Oil says its shale fields are producing more oil and gas with less hands-on work from company personnel thanks to a growing arsenal of digital technologies and workflows.