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The French oil and gas major announced that it plans to achieve net-zero emissions by 2050 for its global business across production and including energy products used by its customers.

Two discoveries offshore Mexico add to April’s finding in the Norwegian Sea.

FPSO sanctioning is at a minimum and few opportunities remain for FPSO suppliers to find new work and redeploy their vessels. Suppliers may be forced to accept day rate reductions in order to keep their vessels working.

Sourcing water, flowback water services threatened as D&Cs decline.

The industry has very limited experience in shuttering production on a large scale in unconventional reservoirs. Many questions remain on how stimulated, nanodarcy shale reservoirs may respond. George King discusses the paradigm shifts needed in the industry.

Penspen will also carry out engineering services on the Zirku Island plant.

The latest cuts come less than 2 weeks after OPEC+ began the largest round of coordinated production curtailments ever agreed to.

I suspect that most people’s 2022–2030 strategic planning windows have shifted. Operational and tactical plans and strategies will need to be based on a widely divergent set of assumptions.

Oil companies large and small have pulled out the stops to stay on solid ground. Devon, Diamondback, and Parsley post latest cuts in production.

The cementing services market size in the US is expected to drop 50% year-on-year from 2019. The significant drop in Permian Basin activity will account for 40% of the total market size reduction.