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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.

Equinor has awarded Subsea 7 with an engineering, procurement, construction, and installation (EPCI) contract for the Johan Sverdrup Phase 2 project in the Norwegian North Sea. The contract covers approximately 62 mi of rigid pipelines, including 25 mi of pipe-in-pipe flowlines, 17 mi of water injection, and 23 mi of gas injection pipelines. Project management and eng…

DNV GL has won a contract to provide independent verification services for Energinet’s section of the Baltic Pipe project offshore Denmark. The Baltic Pipe project will enable the transport of gas from Norway to an export facility on the Danish island of Zealand via the Europipe II in the Danish North Sea. DNV GL’s contract includes independent verification and submar…

Bravo is the second of four platforms to be decommissioned and removed from the Brent field, following Brent Delta in 2017. The field has produced approximately 3 billion boe since 1976.

Ranking places US ahead of Saudi Arabia and Russia.

The $20-billion FID is the largest ever for a sub-Saharan oil and gas project. The project’s location on the African east coast puts it in optimal position to sell LNG to the lucrative Asian market.

The 2019 SPE Annual Technical Conference and Exhibition (ATCE) will be held in Calgary, Alberta, Canada on 30 September – 2 October. The Opening General Session will focus on “Positively Impacting the World Through Responsible Energy Development.” The technical program includes 57 technical sessions and 12 special sessions on the latest technologies and best practices…