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The number of units that have been cold stacked since 2016 are in the double digits. Reactivation costs for these rigs range from $40 million to $100 million. Given current rates and contract durations, most of these are unlikely to return to work.

Describing it as a “bolt-on” acquisition, the Marcellus Shale producer EQT expects the deal will boost its gas production by 10%.

The data have been collected and analyzed from more than 18,000 equipment units with failure and maintenance records and includes information on subsea fields with more than 2,000 years of operating experience.

The subsea-technology company’s LUMA X subsea wireless communication modem will enable real-time streaming of HD-quality video and 4K images wirelessly through water, allowing the operators of autonomous underwater vehicles to monitor its interventions from its control rooms onshore.

Engie’s delayed supply contract with NextDecade’s Rio Grande LNG project is for 20 years. FID on the project is expected in 2021.

British armed forces forcibly boarded and regained control of an oil tanker in the English Channel on the evening of 25 October following a suspected hijacking, according to the UK defense ministry.

In his first remarks as SPE President, Tom Blasingame announced that the theme of his tenure is “Survive, Revive, and Thrive.”

The coronavirus crisis had a devastating effect on oil-company revenues, but it has posed a tough human-resources problem too: how to keep workers safe on cramped rigs at sea where social-distancing is impossible. Many operators have found an answer in technology—specifically, digital twins.

Evacuations in the GOM began on Monday, but so far nearly 50% of current oil production and 55% of natural gas production in the region is shut-in due to Tropical Storm Zeta.

The Canadian oil company consolidation formula looks a lot like the one offered by US shale producers.

The data industry has gotten exceptionally good at building large, complex software systems. We’re now starting to see the rise of massive, complex systems built around data. Despite all of this, there is still a tremendous amount of confusion around what technologies are on the leading end.

The Northern Lights project will disclose data sets from the confirmation Well 31/5-7 Eos drilled in the North Sea and completed earlier this year.