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Onshore development is increasing production, while investors demand greater operational efficiencies. Operators and service companies are striving to strike the balance between fiscal discipline and growing their production. How low can costs go, and for how long?

Startup company Eviation is aiming for its 9-seat commuter aircraft to be flying passengers by 2021 after signing up South Korea’s Kokam as its battery supplier. The battery will have 9,400 cells distributed throughout the aircraft including the ceiling, floor, and wings, weighing 3.8 tonnes, or 60% of the maximum takeoff weight.

Oil industry acquisitions appear ready to increase in 2018 and shift from survival strategies toward growth objectives, according to key business observers at global professional services firm EY.

The Trump administration is proposing to repeal most of the requirements of a 2016 rule meant to reduce wasted methane from oil and natural gas drilling on federal land.

In November, ExxonMobil signed a commitment with several companies aimed at reducing methane emissions. That agreement built off earlier efforts the company had announced to enhance voluntary methane reduction.

Drilling and completion expenditure and activity is projected to show multiyear double-digit growth from 2018–2022 despite a flattening of rig count increases.

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Delayed final investment decisions during the final quarter of 2017 led to more than double the combined count in 2015 and 2016.

Shell and SBM Offshore won recognition for their Gulf of Mexico Stones field development. The OTC Distinguished Achievement Award will be presented during a luncheon on 1 May at the Offshore Technology Conference in Houston.

Gas turbine blades and large-scale printing machines highlight new advancements in additive manufacturing that are likely to affect the supply chain in the not-so-distant future.