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The methodology is the industry’s first to address CUI. Along with DNV GL’s new technology, maintenance costs may be reduced by up to 50%.

The umbilicals will be designed and manufactured at Aker Solutions’ facility in Alabama.

Several companies have provided updates on their North American LNG projects, including Pembina, LNG Canada, and Sempra. The outlooks vary from plans to move ahead to others seeking money to stay afloat.

The international major has lowered its output forecast in the world’s most prolific unconventional basin by 20%.

Immersive technology on projects such as wellsite planning incorporates XR, drones, and collaboration.

Gas demand is expected to grow by just 2 Bcm in 2020, down from previous expectations of 6 Bcm. The Netherlands, UK, Germany, and Spain are expected to see the biggest impact.

As the fallout deepens from the coronavirus pandemic and the global collapse in oil and gas prices, oil- and gas-producing regions around the world are feeling the pain.

An ultrahigh-density high-resolution data set from the Hammerfest Basin is now available from PGS. The area is thought to contain around half of the undiscovered resources on the Norwegian continental shelf, according to the Norwegian Petroleum Directorate.

Leaders of Rystad Energy went online recently to talk about the effects of the coronavirus pandemic on the oil and gas industry, and the prognosis isn’t good.

Modeling immensely complex natural phenomena such as how subatomic particles interact or how atmospheric haze affects climate can take hours on even the fastest supercomputers. Now, work posted online shows how AI can easily produce emulators that can accelerate simulations by billions of times.

Moving away from siloed organization to the co-creation of an IT/business strategy is an important progression in the journey of digital transformation.

Revised estimates of project sanctioning total $61 billion in 2020, which is down from $192 billion forecast in 2019.