Iraqi oil production averaged more than 4.8 million barrels per day (bpd) in 2019, of which about 1.8 million bpd stemmed from the country’s domestic and state-owned players
Author Archives: Staff Writer
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Telford Offshore restructures balance sheet and boosts order book
$77 million paid back on schedule, new senior note issued, and order book expands by $15 million as fleet utilisation rate increases
The digital twin: A virtual revolution for oil and gas
Wassim Ghadban, global director, innovation & intelligence at SNC-Lavalin, comments on the use of digital twin technology in the oil and gas sector
Saudi Aramco still betting on oil expansions, says GlobalData
The company is planning five major expansion projects, four for crude and one for natural gas, to boost output
Three reasons why WTI crude oil could reach $70
Ryan Dusek, director of the Commodity Risk Advisory Group at Opportune, comments on the three factors impacting WTI prices
James Fisher Offshore mergers with sister company
James Fisher Subsea Excavation, with a range of inhouse excavation equipment and experience, will be moved under the umbrella of James Fisher Offshore
Crosby Group acquires offshore mooring company Feubo
The acquisition, effective January 14, 2020, includes the Feubo facility located in Hattingen, Germany
Gazprom Neft and ICS Holding establish joint digital development venture
The development strategy for the new joint venture is aimed at addressing the challenge of digitally transforming the oil and gas sector through the application of Industry 4.0 technologies
Oil & gas industry “sits at an inflection point”: Baker Hughes CEO
He noted Baker Hughes’ decision to reduce its carbon footprint by 50% by 2030, with the goal of being net zero by 2050, and urged others to take on their carbon footprints
Nigeria fully complied with OPEC cuts in December, says NOC head
However, S&P Global Platts’ latest survey of OPEC production estimated Nigeria’s December crude production at 1.84 million bpd