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With McDermott announcing “substantial completion” of the production platform, operator Pemex is expected to begin commercial operations soon. Abkatun-A2 will produce up to 220,000 BOPD from shallow-water fields in the Gulf of Mexico.

The Sidri 36 appraisal well confirmed the downdip westward extension of the Sidri 23 discovery announced last July by the Italian major.

Italian oil major Eni formally committed not to perform oil and gas exploration and development activities within the boundaries of natural sites included in the UNESCO World Heritage List.

The large independent says while it is proud of its origins and history, it must make a move to attract new investment and be seen more as an oil producer than a gas producer.

Technip Energies will work on a backlog comprising more than 50% in LNG-related business. Retaining the TechnipFMC name, RemainCo will generate nearly 90% of its revenue outside the US and Canada.

First oil from the 120,000-B/D Liza Destiny floating production, storage, and offloading vessel, which arrived on the block in late August, is targeted for December.

When Google claimed quantum supremacy, IBM challenged it. Nonetheless, the development is really important for the future of artificial intelligence.

In 2018, Murphy Oil launched an initiative to open-source all internal live streaming data to its engineers. The process led it to implement a global data historian and a corresponding visualization tool. The insights provided are shaping the future of operations at the company.

Physicists have been talking about the power of quantum computing for more than 30 years, but the questions have always been: Will it ever do something useful, and is it worth investing in?

Service firms are diversifying their portfolios, in part driven by large-scale budget cuts among operators since the industrywide downturn.