McKinsey Energy Insights (MEI), the data and analytics specialist that provides insight and support to the global energy industry, has released its latest Global Oil Supply and Demand Outlook, which identifies five potential supply and demand scenarios.
Jim Menard, The Weather Company, explains how on-platform weather radar is critical to offshore safety and efficiency.
Oil prices are unlikely to rebound significantly from current levels, with a glut of supply and increasingly advanced methods of extraction set to keep the commodity’s price lower for longer, according to Stephen Jones, CIO at Kames Capital.
The US operation of M² Subsea has announced the appointment of a new general manager and senior vice president of commercial as the firm embarks on the next stage of its growth strategy.
Rystad Energy research shows a massive workforce reduction in the oilfield service industry during 2014 to 2016, but service companies within the Shale business are now starting to recruit again and are expected to do so in offshore later this year.
The Tsubakimoto Chain Company was founded in 1917 as a bicycle chain manufacturer, and quickly shifted to manufacture industrial chains.
FairfieldNodal has announced an exclusive alliance with Ikon Science, an industry leader in geoprediction software sales and services, to offer complete reservoir services to the oil and gas industry.
According to a recent Wood Mackenzie report, a leaner and more cost-competitive deepwater industry is emerging from the downturn, with the most attractive projects now competing with US tight oil plays.
Sparrows Group has secured a three year contract to deliver fixed crane maintenance and lifting and rigging services for the INPEX-operated Ichthys liquefied natural gas (LNG) project in Australia.
Yesterday the Kingdom of Saudi Arabia announced that the tax rate for the petroleum industry would be reduced from 85% to 50%. This change implies that more money is left for the Saudi Aramco, which makes the company more attractive for investors.
Scott Lehmann, Petrotechnics, states that now article 50 has been triggered, Brexit may well be a silver lining for the UK oil and gas industry.
Specialist pipework set-up and measurement software developer, mltech, has completed its first training contract in Shetland for engineering company, Ocean Kinetics.
Shell has reached an agreement with Assala Energy Holdings Ltd to sell 100% of its Gabon onshore interests for US$587 million. The Sale & Purchase Agreement (SPA) is subject to certain conditions which include various approvals. Closing is expected in mid-2017.
An audience of almost 500 industry professionals came together to recognise innovation, collaboration and exceptional performance within the UK offshore energy sector.
Joe Spytek, ITC Global, examines the communications needs of an ever more connected and information-hungry industry.