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Rystad Energy's analysis shows the decline is in contrast to $170 billion worth of tenders awarded in 2019. Tender activity is expected to show marginal recovery in 2021, reaching about $74 billion.

The Offshore Technology Conference announces the 2020 recipients of the Spotlight on New Technology Award. Eighteen technologies from 14 companies from around the world will be awarded this year, including six companies that will be recognized for the Spotlight on Small Business Award.

As the world’s top oil producers prepared for a weeklong meeting in April to plan a response to slumping prices of crude, espionage hackers commenced a sophisticated spearphishing campaign that was concentrated on US-based energy companies.

Malaysia’s push to explore energy blocks off its coast has turned into a five-nation face off involving US and Chinese warships, raising the risk of a direct confrontation as broader tensions grow between the world’s biggest economies.

What will the landscape of this industry look like when the dust of the current price crash settles? The business will realign, as it always does. This may bring big changes to the future of technology development.

No vacancy? The hunt for global alternatives to store crude oil includes offshore, global strategic reserves, pipelines, rail cars, and trucks.

The LNG market remains a mixed bag heading into Q2. Port Arthur LNG is just the latest to see a delayed FID, while other LNG projects are still moving ahead.

The report from the International Association of Oil and Gas Producers is in relation to a person who used alcohol-based hand gel sanitizer and, after application but before the liquid had fully evaporated, touched a metal surface, where a build-up of static ignited the alcohol.

Historically, natural gas contract prices were tied to the price of crude; now, volatility and growth in spot-market liquidity signal a shift from long-term linking toward a more integrated market.

Proposal requests were sent to companies to solicit partnerships for the project with ADNOC and ADPower.