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Sentiments are clearly improving amongst the hard-hit oilfield service companies who all saw revenue grow in the fourth quarter of last year.

A slew of new US regulations raise questions about the future of oil drilling on US government land, with reports of a moratorium on new leasing and permits as the administration considers major changes in the program.

The decision to cancel the nearly 1,200-mile-long project comes less than a year after construction began and is being met with disappointment on both sides of the US-Canadian border. A 60-day halt on new permits for onshore an offshore US federal areas has also been ordered.

Supply chain companies have seen their profits squeezed since the E&P cost cuts of the previous downturn, and just as the industry could finally hope for better days, the COVID-19 pandemic caused the value of 2020’s awarded contracts to slump to a 16-year low of $446 billion.

The $120 million per year, 5-year contracts will provide well-intervention services to Equinor’s fixed platforms.

Aberdeen Renewable Energy Group and the European Space Agency have signed a memorandum of intent to analyze, develop, and implement space-enabled technology and services to support the renewable energy sector.

Last summer, a pair of semisubmersible rigs were purchased by a limited liability company tied to SpaceX. Around the same time, the commercial aerospace firm announced future plans to launch rockets from offshore platforms.

Petronas and PTTEP executives spoke at a virtual symposium about their companies’ commitments to reduce carbon and their work toward a sustainable energy future.

With such uses as tracking the source of renewable energy and changing the relationship between how energy is produced and consumed, blockchain has the potential to transform the way companies collaborate and interact to accelerate the development of low-carbon energy.

The closing date for the ESP tender for the UK’s first geothermal power plant is in early February.

The FERC requested that “a subset of the energy workforce … specifically, highly trained electrical field workers, power plant operators, transmission and distribution grid operators, and personnel who procure the energy needed to balance the grid” be moved up on the vaccine list.

More than 30 oil and gas companies took part in the licensing round, which focused on mature areas that can be developed using existing infrastructure.