Cloud computing allows oil and gas companies to scale their data management and storage, driving greater flexibility in infrastructure costs. The high computing power delivered via cloud platforms supports the adoption of other technologies such […]
Aker Solutions has secured a 5-year contract extension from ExxonMobil Canada Properties for the provision of engineering, procurement and construction (EPC) services for the Hebron platform, offshore Newfoundland. The contract is an extension for a […]
The development of Guyana’s world-class deepwater oil resources in the Payara-Pacora project of its prolific Stabroek block, whose addition is set to add billions of dollars to the country’s GDP, is already plagued by delays. […]
Airborne Oil & Gas has announced that ExxonMobil Upstream Integrated Solutions Company (ExxonMobil) has qualified its thermoplastic composite pipe (TCP) product for applications globally. Following a stringent and detailed assessment of Airborne Oil & Gas’ […]
Upwing Energy, an artificial lift technology company, and Mitsubishi Heavy Industries (MHI), an industrial firm, have been awarded the next phase of the Magnetic Drive System™ (MDS) project by DeepStar, a global offshore research and […]
Oil and gas companies currently have assets for sale with recoverable reserves of more than 5 billion barrels of liquids and 7.5 billion barrels of oil equivalent (boe) of natural gas, Rystad Energy estimates. While […]
We often forget how vital the chemical industry is to our well-being, safety and daily lives. The stigma around the issue of plastics waste in the environment often overshadows the progress the industry has made […]
US production of 616,000 barrels of oil per day (bpd) will be shut during May and 655,000 bpd during June as a result of the supply-demand imbalance that the COVID-19 pandemic has created, according to […]
The impact of the coronavirus lockdowns on the oil, gas and chemicals industries’ integrated value chains is radically shifting relationships and profitability. It is also making planning virtually impossible, as BASF suggested last week. The […]
The COVID-19 epidemic and the ongoing oil price war have ravaged global energy markets during the last 2 months, and offshore drilling in particular is among the most affected industry segments. A Rystad Energy impact […]
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