Management
With the Vaca Muerta home to some of the world’s most-productive wells, and the Permian still going strong, if increasingly gassier, Rystad sees shale as resilient.
Changgui Xu will receive the 2026 Individual Distinguished Award, and CNOOC will receive the 2026 Institutional Distinguished Award.
Wafik Beydoun will receive the 2026 Individual Distinguished Award, and Brava Energia will receive the 2026 Institutional Award.
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Two discoveries offshore Mexico add to April’s finding in the Norwegian Sea. -
FPSO sanctioning is at a minimum and few opportunities remain for FPSO suppliers to find new work and redeploy their vessels. Suppliers may be forced to accept day rate reductions in order to keep their vessels working.
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Penspen will also carry out engineering services on the Zirku Island plant.
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The latest cuts come less than 2 weeks after OPEC+ began the largest round of coordinated production curtailments ever agreed to.
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Oil companies large and small have pulled out the stops to stay on solid ground. Devon, Diamondback, and Parsley post latest cuts in production.
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With US oil prices struggling to top $25, oil companies and service providers are making deeper cuts this month to cope. The biggest come from Halliburton which may have shed 5,000 total jobs since the start of the year.
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So many unprecedented changes have occurred in the Canadian oil business that it is impossible to compare the current downturn to anything seen before.
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The natural gas pipeline is co-financed by the EU, with work beginning immediately.
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Hear first-hand from the first-ever chief technology officer at the Abu Dhabi National Oil Company, Alan Nelson, about the integrated operator's digital transformation strategy.
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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.
