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The notion that the state of Texas could help oil producers by limiting production at a time when the market is glutted has a real history in Texas, but an iffy future.
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US shale operators are cutting deeper, with some eliminating drilling and completions activity altogether.
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The JIPs managed by DNV GL and Berenschot focused on 3D-printed-component certification and supply chain set-up.
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Oil and gas operators played it safe in the latest offshore auction by placing about half the high bids typically made. As a result, the total dollar commitment for the round was the lowest since 2017.
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The world’s second-largest service firm has seen its share price tumble by 75% as a result of the COVID-19 pandemic and a brutal price war. Workers at Halliburton’s main campus are among the first to feel the impacts.
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LNG project in Mexico moves closer to FID in 2021.
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Switching to remote working because of the coronavirus can create cybersecurity problems for employers and employees. Here are some things to watch.
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The Petroleum Safety Authority Norway is closely monitoring industry action over the current pandemic. So far, it has found that, while the pandemic is attracting great attention, there are no signs of safety being weakened.
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TechnipFMC will utilize its service base and umbilical factory in Angola for the EPCI contract.
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More than 200 companies could become insolvent in the UK and Norway. This number may be larger when including the rest of Europe.
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Oil prices got bad fast, so when will they get better? Don’t bet on a quick recovery.
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A fault was identified at the Leviathan platform’s production system. This comes a month after a malfunction was discovered at the project’s subsea pipeline.
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