Testing page for app

The inspection projects to assess water ingress will be done via remotely operated vehicle.

Most crude exports coming out of the North Sea since March have been destined for Asia, where floating storage levels remain high.

Of all the programs that SPE offers, the most rewarding and enjoyable ones for me personally are the conferences. I love walking the floor of an exhibition hall, discovering the latest technology advancements, and listening to the various product demonstrations.

Despite the global downturn, the long-term transition to net zero presents a major opportunity to create new multibillion industries based around the North Sea. Cross-sector collaboration and major state/private sector intervention, together with strong leadership, will be key.

While oil- and gas-related companies slash budgets and staff and operators pull back from production and exploration, the tax coffers of US local and state governments are shrinking fast and with hard repercussions.

A lot about the blowout preventers used for offshore drilling has changed since Macondo in 2010, but the essentials remain. This evolution serves as a case study on why some oilfield technology is hard to change.

Nearly everything’s on the table as companies aim to shore up portfolios by curtailing investments and dumping low-priority assets.

Hit by the pandemic, the oil market crash, and the transition to a low-carbon energy future, exploration companies are spending bare budgets on near-term production and high-impact exploration.

The Oil & Natural Gas Corporation (ONGC) has invited bids for partnership to raise production from 64 marginal fields that were given to the company by the government without bidding. As they are small in size, these fields are uneconomical for a larger company.

Petrobras has taken a 65.3-billion Brazilian real ($11.2-billion) impairment on its exploration and production (E&P) assets, warning investors that changes in consumer behavior resulting from the coronavirus pandemic would likely be permanent.