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Natural Resources Minister Siobhan Coady says the government is open to the idea of an independent safety regulator for the province’s offshore oil and gas industry but is not currently working toward implementation.

The financial effects of the downturn are set to last at least a decade—which puts the industry almost at the halfway point. This is according to a new report that says the FPSO market is the most “unscathed” of all the service segments.

The organizations will receive more than $4.1 million for research projects aiming to improve protocols to minimize the environmental effect of oil spills in water.

Phase 1 of the development today marked the sail-away from Kværner’s yard of the 560-bed living-quarters topside, the largest of its kind in Norway.

The laboratory will be used primarily to test the sulfide stress cracking resistance of carbon steel alloys for oil wells and offshore drilling applications.

The US Environmental Protection Agency plans to issue a rule regulating methane emissions later this year, administrator Andrew Wheeler said.

The major’s dominant showing in US Gulf of Mexico Lease Sale 252 propelled another rise in bids and dollars for the biannual regionwide auction.

Equinor awarded TechnipFMC a subsea contract for the Johan Sverdrup Phase 2 development, located in the Norwegian sector of the North Sea at a water depth of 120 m.

From its record high in 2014, purchases of subsea equipment and SURF fell around 50% until reaching a low in 2018. New data suggest that the subsea market will be a top-performing oilfield service segment.

HSE data is ever growing, especially in high-risk industries. So, how can you apply data science and artificial intelligence to help see beyond current practices and gain even greater insights into safety data?

Woodside has invested in Sapien Cyber, a Western Australian company specializing in the protection and security of critical infrastructure.

The combination will operate and share ownership of midstream gas assets in the Utica and Marcellus Shale plays. CPPIB financially backs operator Encino Energy, which last year acquired Chesapeake Energy’s Utica assets.