The Gulf’s rising importance represents a turnaround from the past two decades, when the region took a backseat to the U.S. shale boom. But now tumbling crude prices are hurting shale drillers while major, longer-term Gulf projects are starting to come online. SourceContinue Reading
Aquaterra Energy, an offshore engineering solutions provider, has secured two major contracts to support the Northern Endurance Partnership (NEP), the CO2 transportation and storage provider for the East Coast Cluster. SourceContinue Reading
Baker Hughes has secured a P&A contract with Equinor based on its Mature Assets Solutions portfolio. The agreement will enable Equinor to drive efficiencies, industrialize P&A operations through end-to-end integration. The award marks the start of a multi-year frame agreement for integrated well services. SourceContinue Reading
OEG has secured a significant multi-year helifuel services contract with a major UK operator. Under the terms of the agreement, OEG will manage the company’s offshore helifuel systems in the North Sea and provide helifuel tanks on a serviced rental basis. SourceContinue Reading
U.S. oil output is now expected to slip to 13.37 million bpd in 2026 from about 13.42 million bpd from 2025, according to the Energy Information Administration’s Short-Term Energy Outlook released Tuesday. SourceContinue Reading
The 2025 Unconventional Resources Technology Conference (URTeC) began in Houston on Monday, June 9. In what became a clear theme for the conference, panelists discussed the possibility for unconventional resources to shine amidst a fluctuating market for oil. SourceContinue Reading
EIVA and Terradepth have announced a partnership to streamline subsea data workflows by integrating Terradepth’s Absolute Ocean platform with EIVA’s NaviSuite software. The collaboration automates the entire subsea-to-client data workflow. SourceContinue Reading
U.S. oil output is now expected to slip to 13.37 million bpd in 2026 from about 13.42 million bpd from 2025, according to the Energy Information Administration’s Short-Term Energy Outlook released Tuesday. SourceContinue Reading
Odfjell Technology and Oilfield Service Professionals (OSP) have entered a global strategic partnership aimed at enhancing operational performance, efficiency, and innovation across international oilfield markets. SourceContinue Reading
The 2025 Unconventional Resources Technology Conference (URTeC) began in Houston on Monday, June 9. In what became a clear theme for the conference, panelists discussed the possibility for unconventional resources to shine amidst a fluctuating market for oil. SourceContinue Reading
