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The latest agreement between Wood and Equinor will begin January 2021. The contract follows recent agreements between the two companies for the Breidablikk development in the Norwegian Continental Shelf.

The majority of energy firms surveyed by the Federal Reserve Bank don’t expect the business environment to significantly improve until 2022 or 2023.

Chevron is initiating its layoffs of up to 15% of its global workforce of 45,000 first announced in late May by asking employees to reapply for positions. It closed its $4.1-billion acquisition of Noble Energy this week in which it gained 2,200 employees.

Deloitte discusses the “great compression” of the oil and gas industry in which companies’ room to maneuver is restricted. How can the industry avoid a talent gap and stop an organizational challenge from becoming a precarious business problem?

As data management (DM) moves from priority to imperative status in the beleaguered upstream industry, growing gaps between DM-mature and DM-immature organizations will determine future leaders.

Tough talk about World Bank financing for oil and gas is a sign of the growing pressure to squeeze investing in fossil fuels as a way to slash carbon emissions.

Forty-four percent of oil production and 30% of natural gas production remain shut in as operators return workers to offshore platforms. Production from undamaged facilities are being brought back online once all standard checks are completed. Facilities with damage may take longer to bring back up.

Akers BP said it will use lessons learned from the pilot and scale the remote-assist concept across its assets.

Hurricane Delta is expected to hit Mexico’s Yucatan Peninsula on Wednesday and reach the US Gulf later in the week. Twenty-nine percent of the current oil production and 9% of natural gas production in the Gulf of Mexico is shut in.

With oil prices still low, Hess decided to sell a stake in one offshore project to help pay to develop a much larger one.