According to Rystad Energy, this turnaround is made possible by the continued rise in oil production from US shale plays and the increased oil export capacity from the Gulf Coast.
New research published by DNV GL on the outlook for the sector shows that the sector appears self-assured in its ability to better cope with market instability and long-term lower oil and gas prices.
David Johnson, managing director of Leeds-based Tudor International Freight, has advised the industry’s EU traders to continue preparing for a 'calamity' no-deal Brexit, as this remained a strong possibility and could still occur this month.
Prior to his promotion, Bhalla led SES’ drilling, completion and intervention systems sub-practice and was one of the key architects of the company’s Realtime Fatigue Monitoring System® (RFMS®).
Fabienne Ellington has joined the manufacturer of Thermoplastic Composite Pipeline (TCP), Airborne Oil & Gas, as its first vice president Asia and Middle East.
Political and economic instability may affect Lebanon’s second offshore licensing round, according to GlobalData.
The new agreement reflects a strategic collaboration between ABB and BP, with ABB committed to delivering innovation, substantial savings, improved scheduling and lower risk as a valued long-term partner.
The center deploys the latest mechanical engineering expertise to build more durable motors that drill faster and allow for longer runs with a higher rate of penetration.
Results for the year ended 31st October 2018 with an EBITDA of US$57.6 million (£42.9 million), a 29% increase on 2017.
International energy consultancy Xodus Group has expanded its decommissioning offering with the appointment of its first well decommissioning manager.
After activity levels fell to only 240 subsea trees installed globally in 2017 – the lowest level since the turn of the century – Rystad Energy forecasts that over 350 subsea trees will be installed per year by 2021.
The Aberdeen based firm advises international oil companies to consult early with suppliers to prevent lead times lengthening.
The Angolan government has introduced a series of reforms to the upstream sector over the past year, however the rebound of the deepwater sector in Africa’s second largest oil producer still needs time, according to GlobalData.
The survey reveals digital transformation is fuelling operational excellence (OE), but many companies are still trying to figure out what digital means for them
In this role, Kuhrt will be responsible for leading the global human resources team, with an emphasis on employee engagement and development, diversity and inclusion, and enhancing HR systems and processes.