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BP, Eni, Equinor, Occidental Petroleum, Shell and Total along with OGCI Climate Investments are working to progress the U.K.’s first commercial full-chain carbon capture, utilization and storage project.
The merger of offshore drillers Ensco and Rowan will result in the world’s largest jackup contractor with a combined enterprise value of $12 billion.
As the oil price continues to climb from recent lows, there is a higher demand for funding. However, some smaller players face a challenging funding landscape, according to financial experts speaking at ONS2018.
The development, which includes two new bridge-linked platforms, has been designed to produce until 2050 with a peak production capacity of 120,000 barrels per day.
With the acquisition of Paradigm, which was completed in late 2017, Emerson believes it can meet the market’s growing demand for an independent, global provider of E&P software solutions.
Automation, robotics and drone technologies are helping to keep aging North Sea facilities profitable for longer.
Norwegian subsea technology firms are pushing ahead with technologies to enable a new wave of seafloor field development.
Subsea 7 CEO Jean Cahuzac expects the subsea market will see more awards coming its way in first-half 2018 for subsea umbilicals, risers and flowlines as well as conventional projects.
Technologies must be domain specific with end-to-end workflows so they can be put to use, according to Binu Mathew, senior vice president and global head of digital products for Baker Hughes, a GE company.
BP’s upstream chief emphasizes how a new age of collaboration within the supply chain could help the industry thrive amid the challenges of low oil prices.
Solution Seeker CEO Vidar Gunnerud talks about the company’s technology and the importance of artificial intelligence to the oil and gas sector.
The oil and gas industry has been looking toward robotics and automation to improve operational efficiency and safety but still lags behind other sectors in implementation.