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
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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
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
Storage crisis: A race to the bottom
Crude stocks are just 32 million barrels away from smashing the record level of 535.5 million barrels reached in March 2017
Most Gulf Cooperation Council IPO aspirations in doubt due to COVID-19 impact, says GlobalData
After Saudi Aramco’s initial public offering, other countries in the GCC have expressed the possibility of an IPO
Measures to contain COVID-19 outbreak weaken Indian LNG demand: GlobalData
The drop in industrial and domestic gas consumption in India has led to a drop in demand
Canada, Iraq and Venezuela lead production shut down: Rystad
Globally, at least 1.9 million barrels per day of oil production have been shut down in April
ADNOC cancels $1.65 billion Dalma contracts
Dalma is part of the Ghasha ultra-sour gas concession, a major component of ADNOC’s gas self-sufficiency plan
Indian refiners forced to issue force majeure notices: GlobalData
The lockdown in India has resulted in a sharp drop in fuel demand, forcing refiners to operate at lower capacities
APICORP reports $112 million net income for 2019
Its net recurring income increased by 17% compared to the previous year