List of the highlighted articles
High-impact exploration in 2021 could reach 100 wells, Westwood says
Westwood has reported that 72 high-impact wells were drilled in 2020, which is below 2019 level when...
- long read
Deep dive into oil and gas exploration
What will become of oil and gas exploration efforts in the near- and longer-term following a drastic...
Oil price hits highest levels since March over vaccine hopes
Brent crude oil prices reached highest levels since March as news of another promising coronavirus v...
- long read
Global upstream M&A deals to gain momentum for rest of 2020?
Following the Covid-19 pandemic and the oil price crash in early 2020, for some players in the oil a...
- long read
Biden win could benefit short-term oil demand
Energy intelligence firm Rystad Energy believes that if Trump should win it may make oil prices grea...
Covid-19 & energy transition to speed up peak oil demand
The Covid-19 pandemic and energy transition are expected to expedite peak oil demand to 2028 and cut...
Deepwater production one of cheapest sources of new supply
Oil production costs have reached a new low, making deepwater one of the cheapest sources of new sup...
- long read
Offshore wind project costs decrease with bespoke vessels
The rising number of purpose-built offshore wind vessels has a direct impact on the costs of offshor...
- long read
Oil and gas after 2020
Following its third price collapse in 12 years, the oil and gas industry might be facing a period of...
Marine seismic industry in numbers after exploration capex slash
The low oil price has led energy companies to scale back near-term investment plans significantly, a...
- long read
Will Chevron’s Noble swoop trigger a wave of M&A deals?
What will happen next in the upstream M&A and what direction will it take? Is now the time to go...
Faccin Wind Towers Division: a reliable partner for your wind energy project
Faccin Group created a Wind Towers Division within the company. Why? Eng. Andrea Comparin: “Ac...
Maritime Insurance Market Update, Q3 2020
‘Clients, advisors and insurers are in the same boat.’ Effective cooperation is necessary to keep ri...
Rystad: Number of oil and gas wells set to hit 20-year low
The COVID-19 pandemic has stymied oil and gas activity, a phenomenon which has now affected the dril...
- long read
Paving the way for restructuring of offshore drilling market
There is a case to be made that the coronavirus crisis has been setting the stage for the restructur...
- long read
OPEC extends output cuts
OPEC, Russia, and other oil producers agreed to extend their record oil production cuts of 9.7 milli...
It’s all about power flow
Integration of renewable energies on a ship – and in other island networks Interview with Jero...
Prosafe dives deeper into the red
Prosafe sank deeper into the red in the first quarter of 2020 due to impairment charges resulting fr...
Low oil price could spur decommissioning activity
With few profitable investment alternatives, operators are now likely to increase spending in decomm...
Wintershall Dea books loss, cuts capex
Wintershall Dea has decided to reduce its capital expenditures for 2020 by 30 per cent after bookin...
“ETICA IP” ROV & USV a staunch green ally for the blue economy indystry & ocean sustainability
By Ioana Laura Grigore. Our concept of blue economy & ocean sustainability in offshore industry ...
Petrofac reveals fresh cost-cutting plans
In order to mitigate the effects of coronavirus crisis and low oil prices, oilfield services provide...
Sembcorp Marine’s workforce down from 20,000 to 850
Yard workforce employed by Singapore’s offshore builder Sembcorp Marine has been reduced from 20,000...
Impairments take Transocean deeper into red
Transocean recorded a wider loss in the first quarter of 2020 when compared to the same period last...
Lundin lifts output forecast
Lundin Energy saw its quarterly revenues grow on the back of Johan Sverdrup start-up. As a result of...
Norway to introduce output cuts until end of 2020
The Norwegian Government has decided to make oil production cuts in an attempt to more rapidly stabi...
New projects boost CNOOC output
CNOOC saw an increase in its quarterly production driven by new project startups in China and the co...
UK unions call on gov't to halt 'carnage' of jobs
UK’s offshore unions have launched a campaign to protect the jobs in the oil and gas sector an...
OKEA dives deeper into the red
OKEA sank deeper into the red in the first quarter of the year affected by lower oil and gas prices ...