The UK upstream oil and gas sector has become leaner and more resilient over recent years, as pullbacks in investment and reduced operating costs has helped provide a stronger cash flow outlook under newly weakened oil and gas prices, says GlobalData, a leading data and analytics company. 

April 2020 saw oil prices dip negative for the first time in memory.

Chevron Corporation (NYSE: CVX) announced on July 20, that it has entered into a definitive agreement with Noble Energy, Inc. (NASDAQ: NBL) to acquire all of the outstanding shares of Noble Energy in an all-stock transaction valued at $5 billion, or $10.38 per share.

Cyber-attacks on the maritime industry’s operational technology (OT) systems have increased by 900% over the last three years with the number of reported incidents set to reach record volumes by year end.

Experts are launching a $500,000 research project that will examine how the increase in Gulf investments in port infrastructures in the Horn of Africa has shaped its political landscape.

The R/V Miss Emma McCall has recently joined the TDI-Brooks’ fleet of offshore research vessels. The Miss Emma is a multi-use oceanographic research vessel outfitted for a wide variety of oceanographic research duties for operations in the Northern/Southern Gulf of Mexico (GOM), US East Coast and elsewhere in the Americas.

In the Norwegian North Sea, Sleipnir successfully removed the 8100 mT Jotun-B jacket for client Vår Energi. The platform was installed in 1998 by Heerema's Thialf, who returned to the Jotun Field last year to remove the topsides and conductors - demonstrating the circularity of Heerema's involvement in the lifecycle of these now retiring platforms.

Gulf Stream Marine, Inc. ("GSM") is expanding its footprint with two additional terminals, namely the Care terminal at the Port of Houston in Texas, and the Port of Pascagoula in Mississippi, through an asset acquisition from Coastal Cargo of Texas Inc. and Gulf Coast Storage Inc., respectively. 

Following Halliburton’s Q2 2020 earning call, where the company fully commits to its strategy of improving innovative customer solutions through digital technology and concentrating on international markets entering Q3;

Total announces the signing of a $14.9 billion senior debt financing agreement for Mozambique LNG.

Maersk Drilling has secured an additional one-well contract from Aker BP, acting as operator of the Tambar license, for the low-emission jack-up rig Maersk Integrator. In direct continuation of its current work scope, the rig will move to the Tambar field offshore Norway to drill the K-2B development well, with work expected to commence in February 2021.

Remote Medical International, a global leader in workplace health and safety services for Fortune 100 corporations and government services prime contractors, announced it completed its acquisition of SSI Group on July 1.

Fugro has completed the first phase of their multidisciplinary offshore site investigation for Qatargas’ North Field Production Sustainability’s Compression Phase.

Venezuela’s oil and gas sector was already caught in a vicious cycle well before the COVID-19 outbreak created a world economic crisis.

Fugro has begun a four-month marine site characterization campaign for Swedish energy group Vattenfall at two major offshore wind development sites located over 40 km off the coast of Norfolk, UK.

Aker Solutions is launching a series of structural and strategic changes to transform the company and enhance shareholder value by spinning off the wind and carbon capture businesses to shareholders and merging Aker Solutions ASA ("Aker Solutions") with Kværner ASA ("Kvaerner") to create an optimized supplier company.