Industry Trends
News
October 25, 2019
Offshore wind power will expand impressively over the next two decades, boosting efforts to decarbonize energy systems and reduce air pollution as it becomes a growing part of electricity supply, according to an International Energy Agency report.
News
October 24, 2019
Norway’s new Johan Sverdrup oil grade is making inroads in Asia, threatening to undermine sales of similar crudes from Africa and South America.
News
October 23, 2019
The U.S. shale slowdown is weighing on Caterpillar Inc., which is selling fewer of the pumping units used in fracing.
News
October 22, 2019
Futures climbed more than 2% in London and New York on Tuesday. Members of the Organization of Petroleum Exporting Countries are concerned about the outlook for demand next year, Reuters reported, citing unnamed cartel sources.
News
October 22, 2019
In a first for the sector, industry bodies Subsea UK and the Umbilical Manufacturers Federation have joined forces to deliver a conference focusing on the new developments and opportunities which exist in the subsea umbilicals industry.
News
October 22, 2019
Larger federal deficits and continued uncertainty for the energy sector are in store for Canada after Prime Minister Justin Trudeau won a second term on Monday, investors and analysts say.
News
October 18, 2019
Hedge funds are increasingly pessimistic on oil as U.S. stockpiles surge and crude refining plunges. Bets on a West Texas Intermediate crude rout rose 7.6% in the week ended Oct. 15 and have almost tripled since mid-September, data released Friday show.
News
October 18, 2019
Total announced plans to open a Digital Factory in Paris in early 2020 that will bring
together up to 300 developers, data scientists and other experts to accelerate the group’s
digital transformation.
News
October 18, 2019
The event, organized in conjunction with the Latin American Environmental Film Festivals, and which focuses on the causes related to sustainability, drew an audience of nearly seven thousand people.
News
October 17, 2019
The next generation of the UK’s oil and gas industry are being called upon to make their voices heard on key issues including the energy transition and climate change at a new event being held in Aberdeen on Thursday 24 October.
News
October 15, 2019
On Tuesday, candidates for the Democratic presidential nomination debate in Ohio, but many support policies that would undermine the very state hosting their debate.
News
October 15, 2019
"We see many prospects that have the potential to hold billions of barrels of oil. There are probably two dozen prospects HIbernia-size or bigger," said Jim Keating, executive vice president, offshore development and corporate services at Nalcor Energy.
News
October 15, 2019
“At current rates, owners could pay back a 10-year-old VLCC, valued at $47m including scrap value of $16m, after only two trips,” Clarksons Platou analysts said in a research note Monday.
News
October 14, 2019
The Railroad Commission of Texas (RRC) unveiled updates to its logo that preserve the legacy of Texas' oldest regulatory agency, while better reflecting its modern duties and responsibilities.
News
October 14, 2019
Oil short-selling has more than doubled in three weeks, with attacks on oil facilities and tankers unable to push prices higher for very long.
News
October 11, 2019
Kongsberg Digital signed an agreement to digitalize the Nyhamna facility, a gas processing and export hub for Ormen Lange and other fields connected to the Polarled pipeline.
News
October 11, 2019
Oil jumped back above $60/bbl after reports of a missile strike on an Iranian tanker near the Saudi Arabian port city of Jeddah reignited fears over military escalation in the world’s most important crude-producing region.
News
October 10, 2019
Kevin Krausert, president and CEO of Canada’s Beaver Drilling, opened Day Two of the LAGCOE 2019 conference, with the goal of helping the oil and gas industry maintain its long-standing role as a source of both technical and social innovation.
News
October 10, 2019
The center is the only one of its kind in the U.S. to offer a unique pairing of design with manufacturing, implementing robotics, rapid prototyping, scanning, digital tools and on-site metal additive manufacturing.
News
October 10, 2019
The U.S. Energy Information Administration (EIA) forecasts lower crude oil prices in the fourth quarter of 2019 and in 2020 despite tighter global balances.
News
October 09, 2019
Kimberly McHugh, vice president of drilling & completions at Chevron, kicked off LAGCOE 2019 Wednesday morning in New Orleans with a reminder that, while the rumors of the demise of the oil industry are greatly exaggerated, companies must adapt to continue to meet the world’s evolving energy needs.
