The intrinsic uncertainty surrounding the duration of beleaguered global oil and gas demand and low oil prices has led to varied responses from E&P companies to cope with the current economic climate. Analysis of the impact on the top Australian E&P companies reveals that domestically focused operators are positioned at the lowest risk to the short-term impacts of COVID-19 and weakened oil prices due to shelter from external market dynamics and robust reserve lives, says GlobalData, a leading data and analytics company.
Energy companies have been slashing exploration and production budgets since the Covid-19 pandemic took hold and sent oil prices tumbling, but, with few profitable investment alternatives, operators are now likely to increase spending in decommissioning work. Rystad Energy estimates the total value of the global pool of decommissioning projects that will accumulate through 2024 could reach $42 billion.
With the innovative Subsea Clamping Cylinder for fully automatic Bend Stiffener Connectors (BSCs), Bosch Rexroth is setting new standards in term of safety, reliability and economy.
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) issued further details of the cost reduction program, following initial guidance provided on April 30.
Bollinger Quick Repair, LLC, a Bollinger Shipyards LLC company, has taken delivery of a new 3,400 ton dry-dock.
Rystad Energy has kickstarted its global emissions coverage, gathering key data and ranking the world’s oil and gas producers by how much CO2 is emitted in connection with their upstream activities.
OceanWise, a leading UK supplier of Intelligent Marine and Coastal Mapping Data, has released its Global Raster Chart dataset of the worlds’ oceans: ‘Raster Chart XL Oceans’ (RCXL Oceans).
Danos has been named Renee Piper as vice president of marketing, strategy and community affairs. In her new role, Piper is responsible for leading the company's marketing initiatives, strategic planning and execution, and building community engagement in Danos' key markets.
Siemens Gamesa Renewable Energy (SGRE) has received the firm order from Ailes Marine, an affiliate of Iberdrola, for 62 SG 8.0-167 DD offshore wind turbines for 496 MW Bay of Saint Brieuc offshore wind power plant. This order also includes a 10-year agreement for turbine maintenance services.
dmg events and the Gastech Governing body, in consultation with Enterprise Singapore and the Singapore Tourism Board, has collectively taken the decision to postpone Gastech, the world’s largest integrated exhibition and conference supporting the gas, LNG and energy industries, to September 13 to 16, 2021.
BIO-SCAN™, the UV-C-based surface disinfectant system announced last month by BIO-UV Group has now received certification from two independent testing laboratories.
Research scientist and entrepreneur Sverre Dokken believes laser-based remote sensing has big potential in the maritime domain. But what is LADAR, who’s it for and what are the key benefits?
After years of developing a technology that removes umbilical controlled tubing hanger operations, Optime Subsea have reached the point where they are ready to bring their system into operation. Aker BP will be the first user of a system to increase safety, and reduce operational time, cost, and environmental risk.
Applied Petroleum Technology (APT) has conducted a detailed evaluation of the Southern Grand Banks petroleum system offshore Canada and identified until now unrecognised Lower Jurassic source rocks and a genetically related set of oil shows.
Bollinger Shipyards LLC (“Bollinger”) has delivered the USCGC MYRTLE HAZARD to the U.S. Coast Guard in Key West, Florida. This is the 162nd vessel Bollinger has delivered to the U.S. Coast Guard over a 35-year period and the 39th Fast Response Cutter (“FRC”) delivered under the current program.
At a time when access to news from reputable sources is more important than ever, GTMaritime is introducing a fully-customizable news distribution service for vessel owners and operators helping them keep their crews up-to-date on events unfolding in their home countries as well as offering a selection of lighter content to help maintain morale.
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