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The technologies born out of innovative ideas have been critical for advancing deepwater assets in the past, and venture-capital investment helps incubate risk-taking companies developing those technologies. With digitization becoming a greater focus in industry, what role will venture capital play?

The results are in. Here are this year’s “Most Promising” startups as decided by upstream investors and oil company innovation teams

Maybe we don’t need to look inside the black box after all. Maybe we just need to watch how machines behave, instead.

Robots may not be ready to take over the world just yet, but they are making great strides in the offshore industry. A technical session at this year’s Offshore Technology Conference presented some of the advances, including untethered ROVs and subsea broadband communications.

Adoption of digital technologies will continue to improve the offshore sector, including improved well efficiency, real-time directional drilling, lower maintenance costs, and safer operations.

After producing for 43 years, the Statfjord A platform will cease production in 2022.

Driftwood is authorized to export up to 3.88 Bcf/D, and Port Arthur gets go-ahead for 1.91 Bcf/D of natural gas as LNG.

Anadarko Petroleum now plans to exit its agreement with Chevron after deeming Occidental Petroleum's revised takeover bid "superior."

Expected to start up in mid-2022, Liza Phase 2 will produce up to 220,000 B/D of oil.

As the oil and gas industry moves more into the machine learning space, Python-conversant petroleum domain specialists will prove to be increasingly valuable to organizations.