Despite the downturn in global oil and gas activity, Technip is operating with a healthy backlog of projects and continues to pick up orders.
Researchers at Rice’s Integrated Systems and Circuits lab tap sensing and wireless communications expertise to develop a new generation of microchips for oil and gas applications downhole.
Iona has become the first casualty of 2016, but many more North Sea companies are under threat from the plummeting oil price.
Although M&A and A&D activity has been down lately, some believe change is coming.
At Hart Energy’s Viewpoint Executive Energy Club, Stratas Advisors directors gave industry executives a wide-ranging view and key to competing in the upcoming year.
The company reported a 58% drop in earnings for fourth-quarter 2015 over the same quarter last year, down to $2.8 billion.
With about 210 small pools already discovered but not yet developed, reducing costs by half would make the development of those 150 fields economically viable, according to a speaker at Subsea Expo.