Latest News

With oil prices at historic lows and with COVID-19 supply chain disruptions, the time has come to evaluate supply chain and procurement strategies, sourcing techniques, and costs.

Westwood Global Energy’s analysis looks at production, cost, and revenue estimates in the UK and Norway, should oil prices remain low. The research group also provided an outlook on drilling activity.

The Rovuma LNG project in Mozambique was expected to reach FID later this year, with startup in 2025.

Two former SPE presidents, Nathan Meehan and Darcy Spady, and SPE board member Johana Dunlop have contributed their thoughts on continued efforts toward decarbonization amid an oil price war and a global pandemic.

An expert panel moderated by Johana Dunlop, SPE technical director for HSE and sustainability, covers a wide range of issues facing the double crisis of COVID-19 and historically low crude prices.

InterMoor’s Marine Project team in Aberdeen successfully recovered the Ocean Power Technologies PowerBuoy after a 7-month trial in harsh North Sea winter conditions.

The Norwegian wind farm is expected to start up in 2022. The wind farm is also expected to create spinoff effects during the project’s life.

The successful string test comes 7 months after the company's FID on the Calcasieu Pass LNG project.

The Monument well represents the Norwegian operator’s first deepwater drilling project in US waters in 5 years.

Energy research groups Wood Mackenzie and Rystad Energy say improvements in operations costs since the last downturn 5–6 years ago have made it difficult for companies to make further reductions amid the current drop in demand.

Results of the survey will provide support for the UK’s initiatives to help businesses affected by the industry downturn and the COVID-19 pandemic.

Industry representative body Oil and Gas UK and safety organization Step Change in Safety have coproduced a series of films to address the concerns of thousands of workers traveling offshore during the coronavirus pandemic.