Latest News

Most companies have known for a while that they benefit when the parties that manage their networks cooperate. Beyond benefiting the business, however, this cooperation of open communication between the different sectors can help the people tasked to manage the security of those networks.

Canadian drilling activity has fallen measurably in 2019, and the outlook is even worse for 2020, according to a forecast from the Petroleum Services Association of Canada.

NextDecade and Mubadala Investment Co. have reached agreement for Mubadala to purchase $50 million of NextDecade’s common stock in a private placement. The capital buoys the development of the Rio Grande LNG export solution linking Permian Basin associated gas to the global LNG market.

The large independent says while it is proud of its origins and history, it must make a move to attract new investment and be seen more as an oil producer than a gas producer.

Technip Energies will work on a backlog comprising more than 50% in LNG-related business. Retaining the TechnipFMC name, RemainCo will generate nearly 90% of its revenue outside the US and Canada.

Equinor today signed contracts totaling around $359 million (NOK 3.3 billion) for the Hywind Tampen wind farm development. The contracts have been awarded to Kværner AS, Siemens Gamesa Renewable Energy AS, JDR Cable System Ltd, and Subsea 7 AS.

Schlumberger announced an award to OneSubsea by A/S Norske Shell of a frame agreement for an engineering, procurement, construction, and installation (EPCI) contract for the supply of a subsea multiphase compression system for the Ormen Lange Field in the Norwegian Sea.

JDR appointed Jon Vail strategy director and a member of the board. He will be responsible for developing the company's overall strategy for future growth and will champion continuous business improvement. He previously held the role of UK engineering director at BICC Cables and senior roles at Ducab HV Cable Systems, most recently as CEO. He holds an MBA from Henley …

Tidewater elected Larry T. Rigdon chairman of the board effective 28 October. Rigdon replaces Thomas R. Bates Jr., who recently resigned from the board.

Weatherford International has signed two contracts totaling $67.4 million for drilling services with two major operators in Russia.

First oil from the 120,000-B/D Liza Destiny floating production, storage, and offloading vessel, which arrived on the block in late August, is targeted for December.

When Google claimed quantum supremacy, IBM challenged it. Nonetheless, the development is really important for the future of artificial intelligence.