Mergers and acquisitions (M&A) deal activity in the oil and gas industry witnessed a decline in terms of value in Q1 2022, despite favourable production economics, according to GlobalData. The data and analytics company notes […]
Award-winning independent SAP solutions specialist AG Consultancy & Apps Ltd (AG), has strengthened its leadership team with the appointment of Greig McDonald to lead its next phase of strategic growth in Aberdeen, and drive further […]
ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels. The three discoveries are southeast of the Liza and […]
MacGregor, part of Cargotec, has been selected to supply two FPSO offloading systems for the Liuhua 11-1/4-1 redevelopment project located in the east part of South China Sea. The contract has been awarded following the […]
ExxonMobil reports it started production at Guyana’s second offshore oil development on the Stabroek Block, Liza Phase 2, bringing total production capacity to more than 340,000 barrels per day in only 7 years since the […]
During a ceremony held in Kampala, in the presence of Yoweri Museveni, President of the Republic of Uganda, Philip Mpango, Vice-President of the United Republic of Tanzania, Patrick Pouyanné, Chairman and CEO of TotalEnergies, and […]
An innovative exhibit at Aberdeen Science Centre (ASC) is using leading-edge simulation software to test how changing the pitch of a wind turbine blade in response to wind speed can achieve optimum power generation. Blade […]
Sentinel Subsea, specialists in passive well integrity monitoring, has announced the appointment of Ray Riddoch OBE as Chairman. Riddoch is an esteemed industry expert having worked in key leadership roles at organisations including CNOOC, Nexen, […]
China is looking to pump up oil and gas production in the years ahead to meet climbing domestic demand and reduce the record-high share of imports in its oil consumption. A Rystad Energy report projects […]
Τhe FPSO market is booming this year, with more contracts awarded in the second quarter of 2021 than during the full year 2020. Rystad Energy expects FPSO awards to reach a total of 10 units […]
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