Now more than ever, our customers in Europe, specifically the North Sea, are demanding technology and solutions to increase the productivity and efficiency of their operations, both to achieve their carbon reduction goals and to navigate the current macro environment.
Should the government stump up some of the cash it was going to pay out for decommissioning ahead of time, in order to get the ball rolling? Decom North Sea thinks so, although other opinions are available. At a time when the national debt is hitting record levels, and a number of sectors are calling for help, the government may not want to help out the oil and gas industry.
The Oil and Gas Authority (OGA) has hosted the first in a series of talks on using green power for Central North Sea platforms.
US energy service firm Baker Hughes slumped to pre-tax losses of £13 billion ($16.5bn) in the first half of 2020, highlighting the severe impact of the Covid-19 pandemic and crude price drop.
A “more diversified” Chrysaor could still be producing 200,000 barrels of oil a day in 2040, according to the firm’s North Sea boss.
North-east Labour MSP Lewis Macdonald has said oil firms receiving UK state support during the Covid-19 pandemic should be duty bound to safeguard jobs.
Africa has been the hardest hit region in terms of rig numbers, according to Baker Hughes’ May data.
With the right leadership, the new working norms created by the Covid-19 lockdown can help advance the “inclusion agenda”, oil industry chiefs said today.
More than 300 people have signed up to attend OGUK’s first-ever D&I webinar to further explore opportunities to improve diversity and inclusion in what remains a challenging landscape for the UK oil and gas industry.
Energy services firm Baker Hughes sank deep into the red during the first quarter as the oil price rout and Covid-19 pandemic took their toll.
Houston oilfield service company Baker Hughes plans to write down the value of its assets by $15 billion and cut capital spending by more than 20% from 2019 levels as market conditions worsen for the oil and gas industry.
Remote operations will “change the oilfield services (OFS) world” according to Chris Jones, vice president for OFS in Europe at Baker Hughes.
Every major oil firm in the UK and Norway is now engaged in talks on electrification of offshore platforms, according to energy services giant Baker Hughes.
US Secretary of State Mike Pompeo has wrapped up a trip to three African states this week, where he noted the importance of deepening trade ties and the struggle against corruption.
Oilfield service giants will need to chart a new path if they wish to remain industry top dogs during the energy transition, according to the director of a global investment firm.
A boss at Baker Hughes has hailed the "innovative atmosphere" and "pioneering spirit" on show at this year's Subsea Expo conference and exhibition in Aberdeen.
In their push to lower total cost of ownership and improve the safe operation of their offshore blowout preventers (BOPs), drilling contractors and operators need real-time access to BOP data that can reduce non-productive time (NPT) and total expense (TOTEX), without increasing maintenance and service costs.
Energy Voice hosted an event to shed light on the opportunities presented by digital technology for oil and gas and energy companies.
The risks of working in the offshore energy industry are well-documented – long hours, dangerous equipment, extreme weather and weeks away from family and friends. The results can be catastrophic, illustrated by the 2010 blowout on the Deepwater Horizon drilling rig, which killed 11 people and spilled millions of barrels of crude oil into the Gulf of Mexico.
Digital technology will be key to helping the oil and gas industry ride out a “perfect storm” of challenges facing its future, the audience heard at an event in Aberdeen last night.
Houston oilfield service company Baker Hughes closed 2019 with a profit at a time when peers in the troubled sector are reporting multibillion dollar losses.
With margins staying “razor thin” and cost pressures continuing to bear down, the offshore supply chain may take on a “whole new look” this year, according to a Wood Mackenzie analyst.
Trump administration officials have given five energy companies with strong ties to Houston another three months in the oil fields of Venezuela.
A key figure driving the Oil and Gas Authority’s (OGA’s) digital strategy will take part in Energy Voice’s digital technology event in Aberdeen later this month.
Subsea Expo 2020, set to be the biggest in the event’s 15-year history, has today announced its programme of speakers for the conference which will see 70 industry professionals take to the stage at P&J Live on 11-13 February 2020.