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Switching to remote working because of the coronavirus can create cybersecurity problems for employers and employees. Here are some things to watch.
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Oil prices got bad fast, so when will they get better? Don’t bet on a quick recovery.
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A fault was identified at the Leviathan platform’s production system. This comes a month after a malfunction was discovered at the project’s subsea pipeline.
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The company plans to split when the markets recover.
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The Petroleum Safety Authority Norway is closely monitoring industry action over the current pandemic. So far, it has found that, while the pandemic is attracting great attention, there are no signs of safety being weakened.
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TechnipFMC will utilize its service base and umbilical factory in Angola for the EPCI contract.
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More than 200 companies could become insolvent in the UK and Norway. This number may be larger when including the rest of Europe.
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In its first response to the Russia-Saudi Arabia price war, the US government will purchase up to 78 million bbl of crude to protect domestic producers.
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As industry imposes work from home, health checks, and other severe measures, could digitalization provide relief?
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The methodology has proven to be a powerful and effective tool for major-risk management. This paper describes how this technique has been used for the management of major risks associated with production at Total’s Akpo floating production, storage, and offloading facility.
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Because offshore project lead times are longer than in shale, production is likely to come on line in 2–5 years when oil prices may be higher. But the number of FPSOs to be sanctioned this year may be cut by half.
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The shale industry could shoulder 65% of $100-billion 2020 global E&P spending cut. Can oilfield services providers afford to cut their fees further to prop up hard-hit operators?
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