OGUK warns of "fragile outlook" for the UK's offshore sector
The fall in oil and gas prices and the impact of the coronavirus has led to the industry body to call for government support.
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The fall in oil and gas prices and the impact of the coronavirus has led to the industry body to call for government support.
The oil price is soon expected to slide even lower once the extra supply becomes available from April.
In the first part of a two-part article, Pieter van der Vyver, Oceaneering, explains how to ensure assets remain safe and sustainable through quantitative engineering analysis.
Rystad expect the month of April to take the biggest hit, with demand for oil falling by as much as 11 million bpd y/y.
Around 20% of Europe’s mid- and small-sized oilfield service companies, the vast majority of which are British or Norwegian, are set to become insolvent, say Rystad.
A review of 66 projects on the Norwegian continental shelf (NCS) between 2007– 2018 has revealed that most have kept their estimated costs.
The event, due to be held in May in Houston, Texas, has been postponed to the third quarter of 2020.
The event was due to be held in The Woodlands in Texas, US, from 24 - 25 March.
According to Adam Johnson, there are several key areas of potentially terminal disagreement between the EU and Britain.
Japanese E&Ps find themselves at a crossroads, as domestic drivers to develop international resources are weakening and the energy transition has forced a review of upstream strategies.
A surge in offshore well intervention activity over recent years is helping the North Sea develop into a global centre of excellence for innovative oilfield services.
A significant portion of the acreage available in 1Q20 is located in either deep or ultra-deep water, up from the previous quarter, according to GlobalData.