OPEC revised estimates of production from rival suppliers, indicating a steeper drop in non-OPEC supply than previously anticipated.
Aker Solutions will deliver a concept study on a new processing platform for future phases of the Statoil-operated Johan Sverdrup field, Norway's largest oil find in three decades.
BP is planning for oil prices to stay low for the first six months of the year and expects surplus production to only start diminishing when storage tanks fill up in the second half.
Maersk Training has launched a new offshore crane operator program. It is designed to grant crane operators and their companies access to offshore lifting operations worldwide.
Aibel has been assigned an important study for Statoil’s Johan Sverdrup development. The Stavanger-based company is one of those working on a C study for the second phase of the field's development.
Tullow Oil Plc, a UK explorer focused on Africa, said it’s ready to make further cuts to capital spending as it recalibrates its operations for a period of low oil prices.
Scoop, stack sweet spots provide some relief
An appraisal well in India’s KG Onshore Block—a JV between Cairn India Ltd. and ONGC—afforded key engineering and operational learning opportunities.
A digital pressure testing system used for offshore BSEE compliance offers operating companies a new way to make BOP testing more efficient and accurate. The system captures, records and analyzes a variety of critical pressure tests that meet the high standards of today’s compliance requirements.
Not since 1986 has the global upstream industry seen such a 12-month period of oil price erosion, punctuated by rapid-fire reductions in operator, vendor and contractor activity.
Every refracturing operation is unique, and economic success depends on integrating rigorous workflows for candidate selection, stimulation modeling, treatment execution and post-refracture treatment evaluation.
Saudi-Iranian rift adds new dimension to global oil market
Looking back at 2015: What happened, what didn’t, and hope for the future
Data courtesy of Baker Hughes.
Market data is delayed and provided by Barchart.
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