Management
The North Sea Transition Authority’s latest UKCS Technology Survey highlights emerging trends in innovation and deployment priorities across 46 operators. The 2025 data set offers a basinwide snapshot of how cutting-edge technologies are advancing efficiency, integrity, and net-zero performance in the UK North Sea.
The contract will cover the design and manufacturing of tree systems, flexible flowlines, a manifold, and controls, as well as installation of the subsea production system.
The Essington-1 well is the first discovery in the Otway since 2021.
-
Phase 1 production from the deepwater US Gulf of Mexico field is expected to reach 30,000 BOPD. The field contains an estimated 5 billion bbl of oil in place. -
Saudi Aramco awarded a contract* to McDermott International for engineering, procurement, construction, and installation (EPCI) services in the Marjan and Zuluf fields, offshore Saudi Arabia.
-
Wood secured two new contracts from Equinor for onshore and offshore facilities in Norway.
-
New analysis from Rystad Energy shows service companies are beginning to raise prices after seeing a significant drop following the oil price downturn. Pricing power is projected to keep rising in 2020 as the service industry sees more demand across the supply chain.
-
Reports 20 June that Iran shot down a US Navy drone over the Strait of Hormuz—the global oil market’s most critical transit point—exacerbated tensions in the region following a pair of attacks on oil tankers in the Gulf of Oman just a week earlier.
-
Ranking places US ahead of Saudi Arabia and Russia.
-
This new development is the first to recover commercial quantities of oil in the UK from reservoirs that are generally considered non-productive.
-
Trade tensions and economic sentiment take a toll.
-
Schlumberger introduced the GAIA digital exploration platform, which it says enables exploration teams to rapidly discover and access basin-scale data and manage their exploration opportunities.
-
The Independent Project Analysis recently reached out to its clients to understand why digitalization tools are so burdensome for projects organizations to implement.
