Management
While physical damage to energy infrastructure has so far been limited, analysts caution that a prolonged conflict could drive prices higher even as OPEC+ proceeds with planned incremental supply increases.
The integrated field management services contract signals an evolution of KBR’s role at Majnoon from one of stabilizing production to a more complex and sophisticated role that takes responsibility for integrating full upstream operations.
The Spotlight on New Technology Awards recognize breakthrough innovations that demonstrate significant technical advancement and potential impact across the offshore energy value chain. The awards will be presented during OTC Asia, 31 March–2 April, in Kuala Lumpur, Malaysia.
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Oil & Gas UK recently published guidelines with its most up-to-date information aimed at helping operators ensure they have the required financial measurements in place to meet the cost of cleanup for an oil release. -
Mexico’s Round 2.4 deepwater auction surpassed expectations as 19 of 29 blocks were awarded to 11 firms from 10 countries.
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After 3 harsh years of budget cuts and layoffs, oilfield services companies are beginning to see a recovery take shape. And the worst may be over for heavy-asset suppliers and equipment manufacturers in the offshore and subsea sector, but recovery is likely to be significantly slower.
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E&P has become a margin business, with relentless pressure on cost performance and global competition for capital. As operators consider how to achieve further reductions in unit operating costs, the leadership team should focus on long-term value.
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Critical to the integrity of our industry is confidence in publicly disclosed reserves. The Reserves Confidence Metric is a simple tool to identify reserves estimates that should be assessed with caution or require further information.
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Later this month, Mexico will auction off 35 shallow-water blocks in the Gulf of Mexico, as its attempt to revive its oil and gas industry moves forward.
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My goal is to support small producers and tech providers. Cautionary note: If you work for a huge corporation and feel there is no need for little, pesky innovators, please stop reading this article now.
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Schlumberger and Subsea 7 want to form a joint venture that builds on their 2-year collaboration in the subsea sector.
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Fugro will begin its fifth gas hydrate research project in in the South China Sea.
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Halliburton received API’s risk-based quality management system registration for its Angola facilities and product service lines.
