Job losses in the industry have slowed to about 13,000 in 2017, compared to almost 60,000 in 2016, according to a new report by Oil & Gas UK. The Economic Report 2017, which was released at an SPE Offshore Europe business breakfast on Wednesday…
The oil and gas industry has the data and the drive to pursue digital technology, but lacks a coherent strategy to fully digitalize its operations. Karen Boman reports from Halliburton's Landmark Innovation Forum and Expo (LIFE) in Houston…
Rosneft and A. P. Moller Maersk, which owns drilling firm Maersk Drilling and oil firm Maersk Oil, as well as a huge container shipping business, are among a slew of companies across the globe hit by the Petya ransomeware virus. The virus…
Montreal-based engineering and construction firm SNC-Lavalin has expressed interest in acquiring UK-based engineering firm Atkins Global for cash consideration of £2.08 billion (US$2.6 billion). Neil Bruce…
Global Maritime Consultancy & Engineering, a provider of marine warranty, dynamic positioning and engineering services to the offshore sector, has appointed Reid Berger Stokke to head its new line of business, GM Solutions. GM Solutions will…
2017 may be the year things start to look up in the oil and gas sector. Audrey Leon speaks with Robin Mann of Deloitte, to get a clearer picture on the activity front. Image from iStock. OE…
EnQuest has named Neil McCulloch as the company’s new chief operating officer (COO), who will also join the board as an executive director. McCulloch, currently EnQuest’s president, North Sea, is being promoted to the group position of COO…
A rising number of UK operator companies are demonstrating their commitment to working smarter by signing up to two initiatives designed to reduce the legal and commercial complexity of offshore operations. As a result of collaboration between UK operators…
The oil and gas industry has ‘cleared the first hurdle’ in its drive for better collaboration but there is still more work to be done, according to a new survey by Oil & Gas UK and Deloitte. The ‘UKCS upstream supply chain collaboration…
Cautiously optimistic executives expect oil prices to return to US$60-80/bbl – spurring investment and economic growth, according to a new survey conducted by advisory firm Deloitte. The two-year downturn in the oil and gas industry may be coming to a close…
The embattled crude oil and natural gas industry worldwide has slashed capital spending to a point below the minimum required levels to replace reserves — replacement of proved reserves in the past constituted about 80% of the industry's spending…
Vessel builder Vard is looking at its options concerning a Harkand diving support and construction vessel that is under construction at its yard, after Harkand went into administration last week. Harkand has one diving support and construction…
UK-based subsea inspection, repair and maintenance firm Harkand has gone into administration. In a recorded message left by the firm on its phone line, the company said that on Wednesday, 4 May, staff from Deloitte had been appointed…
Woodside Energy has made a gas discovery offshore Myanmar giving hope to the string of majors who entered the country following its emergence from sanction driven isolation. Woodside made the discovery on the Shwe Yee Htun-1 exploration well in Block A-6 in the Rakhine Basin…
Jerry Lee reports on all the exploration and production activity currently ongoing in the Mediterranean and North Africa. The Maersk Discoverer drilling in Egypt’s East Mediterranean Sea. Photos from BP…
