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Reductions will begin next month and last until June. After that, major oil producers around the world plan to step down from the cuts in phases that extend to 2022.

Ardyne’s North Sea long-term contracts were for 175 wells with possibly more to follow, while Allseas contract is for removal and disposal for the Valhall complex.

Qatar Petroleum will delay its North Field LNG expansion in Qatar with startup in 2025. Its Golden Pass project in Texas remains on track.

The firm said it will be “restructuring” to “right size its operations” for a slowing market without mentioning how that will affect its workforce. It also says its two major lines of business are worth less than previously estimated.

This paper presents a structured approach to human factors, focusing on the early identification of interactions between people and their working environment beginning from the conceptual and front-end engineering phases of capital projects.

The US crude inventory grew by 74 million bbl since 13 March when the US declared a national emergency in response to COVID-19.

Four recent deepwater offshore discoveries show exploration is not dead, it is just concentrated offshore.

Gecko Robotics is providing the energy industry with artificial-intelligence-enabled robots to inspect infrastructure and supply massive amounts of data to help predict failures before they occur.

The move to combine forces comes amid the fastest contraction in drilling activity the US shale sector has ever seen while Gyrodata will retain its international business.

The AI journey starts with a single step, but too many companies take the wrong first step.