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The withdrawal comes at a time of increasing tension between the US and Iraq, which makes investment in the country riskier.

The firm has outlined a restructuring plan that will see it sell off subsidiaries and erase more than $4.6 billion in debt.

Amid weakening confidence and volatile market conditions, greater efficiencies and decarbonization are at the center of the industry’s agenda.

The Gulf Research Program of the National Academies of Sciences, Engineering, and Medicine announced the grant awards for eight projects focused on strengthening safety culture in the offshore oil and gas industry.

Subsea 7 and Eidesvik Offshore have been awarded the 2019 Environmental Sustainability Award from the International Marine Contractors Association in recognition of their efforts to reduce vessel emissions and improve energy efficiency.

Safety analytics derived from virtual-reality data can quantify workers’ ability to sense physical hazards and be used to achieve a safer workplace and generative safety culture.

In an effort to prove oil and gas developments are not as big a contributor to the Front Range’s diminishing air quality, Crestone Peak Resources announced it will install air quality monitors at all of its horizontal hydraulic fracturing sites throughout the state.

The Italian oil and gas company used a “fast track” model to get the first production well flowing from the Agogo field.

SPE’s 2020 International Conference and Exhibition on Health, Safety, Environment, and Sustainability is scheduled for 17–19 March in Bogotá, Colombia. In this video, SPE Technical Director Johana Dunlop explains why all HSE and sustainability practitioners should try to attend.

SPE is planning a series on petroleum data analytics at its Houston Training Center. The series will kick off with Week One: Subsurface Analytics on 24–28 February and will be led by University of West Virginia Professor of Petroleum and Natural Gas Engineering Shahab Mohaghegh.

The companies will focus on research and development to reduce CO2 emissions and promote the circular economy.

Sharp reductions in operating expenses has rekindled growth and exploration in the UK North Sea, but this fragile recovery will require a continued luck in exploration drilling and a focus on holding the line on costs, which are still high.