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Before the dream of a “subsea factory” can come true, a group of North Sea companies will need to see if the required technology is economically feasible to build.

The use of technology has helped ensure the profitability of the oil and gas industry despite a 50% fall in prices in 5 years. The key question, however, is whether the digital revolution can answer the sector’s biggest challenge: how to secure future production.

The November issues of SPE’s peer-reviewed journals SPE Reservoir Evaluation & Engineering and SPE Production & Operations include papers addressing data analytics and machine learning.

A fresh wave of offshore project sanctions across Southeast Asia could boost greenfield investments in the oilfield service space by almost 70% in 2020. The growth will be driven by a handful of new megaprojects across Malaysia, Myanmar, and Vietnam, according to recent project commitments.

The upgrade project will increase the maturing field’s oil production to 485,000 B/D.

ADNOC’s drilling subsidiary has increased its rig fleet to 95 and plans to add “dozens” more by 2025.

The ransomware attack that began over the weekend is reportedly still affecting the national oil company’s payment systems, which may have wider impacts on its supply chain. For now, the company says its upstream and downstream operations are running normally.

P-68 is Petrobras’ fourth FPSO to begin operations this year following the startups of P-67 at the Lula field and P-76 and P-77 at the Buzios field.

Annual report says that governments have the greatest capacity and responsibility to shape the energy future.

Solstad Offshore, a Norwedian offshore vessel owner, has been awarded a long-term contract with Global Offshore for the construction support vessel (CSV) Normand Clipper. The contract will begin in the first quarter of 2020 and last for 3 years. The deal also includes 5 years of options after the fixed term.

Occidental Petroleum has closed on deals totaling $1.7 billion as part of its divestment program following its $38-billion takeover of Anadarko Petroleum.

ADNOC said the agreements will maximize its access to new markets, effectively booking out the majority of its LNG production through the start of 2022.