Collaboration is vital if the U.K. North Sea is to survive and prosper, Sir Ian tells delegates.
Woodside Petroleum has re-affirmed that FLNG is the most commercially viable option for the proposed Browse Basin project, off Western Australia, as it released the draft environmental impact statement.
The jackup drilling market could fare better than others amid the oil and gas industry’s spending slowdown.
The focus comes as oil and gas operators venture into new frontiers and go deeper into mature ones.
The combined company will be a little more than half the size of larger rival Schlumberger Ltd.