Asset Management
The Offshore Technology Conference will honor the winners of the 2026 Spotlight on New Technology Award on Monday, 4 May, at NRG Center in Houston. Seventeen groundbreaking innovations, from AI-powered geotechnics and autonomous well construction to next-generation subsea systems and drilling intelligence, demonstrate how bold ideas are translating into real-world gai…
Under the agreement, Trafigura will pay Gabon $1 billion for future crude export deliveries over 7 years.
The country’s foreign investment bid comes as Sonatrach launches its largest capital expenditure outlay—$60 billion to be spent from 2026 to 2030.
-
Westwood Global Energy’s analysis looks at production, cost, and revenue estimates in the UK and Norway, should oil prices remain low. The research group also provided an outlook on drilling activity. -
Energy research groups Wood Mackenzie and Rystad Energy say improvements in operations costs since the last downturn 5–6 years ago have made it difficult for companies to make further reductions amid the current drop in demand.
-
Results of the survey will provide support for the UK’s initiatives to help businesses affected by the industry downturn and the COVID-19 pandemic.
-
ExxonMobil and Halliburton made additional cuts in spending and personnel.
-
Golden parachutes typically pay executives big money if they are fired without cause. Whiting Petroleum executives found a way to collect theirs for staying on board after the company they led filed for bankruptcy.
-
UK North Sea oil and gas production is set to be maintained at normal levels despite the industry moving to "minimal manning" of offshore facilities in the face of the COVID-19 pandemic, trade body Oil and Gas UK's health and safety director, Trevor Stapleton, said.
-
Amid continued health and travel concerns, the OTC Board of Directors felt this decision was the most feasible and responsible.
-
The drop in gas prices, although greater than forecast, will not be to the same extent as oil prices.
-
The company's North American business will accelerate a restructuring that includes job cuts and furloughs over the next couple of months.
-
The Denver-based shale producer is the first to cite the ongoing price war and COVID-19 pandemic as the triggers for its insolvency.
