It is unclear how much of this is due to the Covid-19 pandemic and the related drop in demand
Author Archives: Staff Writer
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APICORP launches $500 million coronavirus recovery support package for member countries
The $500 million package will be deployed to support sustainable impact-driven projects by extending funding for projects and working capital within the areas of utilities, renewables, petrochemicals, amongst other energy sub-sectors
Opinion: Too much of a crude thing: a kick in the glut!
This is not a buying opportunity. Our asset allocation has reflected the risk of low oil prices since the start of the Covid-19 crisis.
Olis Robotics partners with Aleron Subsea for machine learning and teleoperation in ROV market
Partnership accelerates commercial traction to retrofit existing ROV systems with advanced software products as an operating expense cost saving product with minimal capital expenditure
DNV GL leads global pilot to secure greater value from digital twins
Digital twins can significantly enhance efficiency and reduce cost, but oil and gas operators are increasingly demanding proof that they can be trusted and deliver value over time
Prep recovery for post-coronavirus oil squeeze
Chris Wood, managing director of Uniper Energy, comments on recovery after the coronavirus pandemic
Cloud-hosted simulator allows drillers to train from home
Drilling Systems launched a web-based version of its well control simulation software to aid workers during the coronavirus pandemic
Saudi Arabia and Kuwait start cutting oil output ahead of schedule
The two nations acted prior to the May 1 deadline set by OPEC+
OCTG market to drop 15% in 2020: Rystad
The US represents the world’s largest OCTG market, but this year the country is seeing an immediate and severe drop in OCTG tonnage requirements
ExtraHop and SANS Institute find gaps in security visibility during shift to remote work
Two-Thirds of organizations have suffered a successful attack in the past 12 months, while almost half identified employee desktops as the most likely entry point for cyber criminals