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Laredo Petroleum named Jason Pigott to succeed Randy A. Foutch, SPE, as the company’s CEO. Pigott will continue in his role as president. Foutch will remain chairman of Laredo’s board until next year.

The decision follows a previous $10-billion investment in LNG the country made in 2017. While that investment focused on outside energy supply sources, this one will be used to develop infrastructure in Southeast Asia and the Indian subcontinent.

Aker BP and Archer have agreed on a 15-month extension to an existing platform drilling and maintenance services contract for the Valhall and Ula platforms in the Norwegian North Sea. Effective 1 October, the extension will push the contract through the end of 2020.

Subsea advancements in the works include longer tiebacks, an underwater drone that lives on the seafloor, and a robotic manifold capable of actuating dozens of valves. Do these new capabilities, born of necessity, signal a sea change in industrywide technology development?

Ireland’s decision to end fossil fuel exploration, which was announced by Taoiseach Leo Varadkar at the recent UN climate summit, means the republic is among the first countries in the world to get out of oil and gas production.

The service company and independent verifier are aiming to develop a methodology for qualifying the integrity of digital twins, which they say will help level the industry’s varying technical definitions of, and expectations towards, the technology.

With recent advances in AI being enabled through access to so much big data and cheap computing power, there is incredible momentum in the field. Can big data really deliver on all this hype, and what can go wrong?

Located offshore the city of Batangas, approximately 2 hours south of Manila, the Luzon LNG project will include a fully integrated turnkey FLNG terminal, arranging the necessary supply of LNG and distribution of natural gas across the island of Luzon.

The industrial Internet of Things (IoT) is changing the way the oil and gas industry operates, but are companies leveraging it to its full potential? What strategies are being employed to handle the obstacles to implementation? Finding value in people plays a role in integrating IoT into operations.

Lower equipment utilization and prices have worsened the pain for oilfield service companies in Texas, New Mexico, and Louisiana, while operators continue to grapple with the industry’s shifting business climate.

To solve the world’s biggest challenges, such as climate change and inequality, the business community will have to play a critical role. Last month, nearly 200 CEOs declared that the purpose of business is no longer just maximizing shareholder profit. But are they ready to follow through?

Cyberhawk, a provider of drone services and end-to-end visual inspection data management, signed a contract with Chevron North Sea Limited (CNSL) for UAV-based inspection services following the completion of a successful proof of concept inspection on one of CNSL’s assets.