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The two oil companies will spend more than $400 million to find targets in the expansive offshore area that is currently the subject of the world’s largest 3D survey.

The new field is the fourth exploration well the operator has drilled offshore Norway in the past 16 months.

Aside from being the right thing to do, improving labor rights and worker welfare has a compelling commercial case. When workers are happy and engaged, they tend to work more safely and efficiently and the risk of delays and disputes is minimized. 

Shell ended the year by announcing more writedowns, pushing the total near $22 billion, and raising questions about the future of its Appomattox platform in the Gulf of Mexico

In a year defined by a historically harsh oil-price crash that rippled with collateral damage across the industry, the most-read JPT report of 2020 was about a well so different, it needed a new name.

The two deals have a combined valued of $3 billion and involve more than 81,500 acres in the Midland Basin of Texas.

Brian Sullivan, the executive director of IPIECA, the global oil and gas industry association for advancing environmental and social performance, lays out the organization’s plans to adapt to a changing world while supporting the energy transition and sustainable development.

The first offshore wind turbine installation vessel in the US is one of the largest of its kind in the world.

The customizable Internet of things service is designed for monitoring onshore and offshore remote assets.

Technology company Proserv Controls has formed an alliance with software engineering firm Intelligent Plant in an effort to combine their expertise to improve control systems and data analysis.

While it is one of the top producers of liquid hydrocarbons in the US, New Mexico is also among the driest. The issue has culminated in a restriction on new freshwater leases issued by the state and a push for more recycling of produced water.

The agreement will see Akselos become one of the global energy company’s verified suppliers for structural integrity assessments, forming part of Shell’s newly formed Digital Twin Platform.