TGS-NOPEC Geophysical Company ASA has submitted a conditional offer for the purchase of the multi-client data library of PGS ASA (“PGS”) (the “Offer”).

The UK has an unrivalled track record of technological innovation, but ideas frequently fail between invention and commercialization.

Hit by the Covid-19 downturn, the oilfield service market is not likely to rebound to last year’s activity level until 2023 according to a Rystad Energy analysis. However, suppliers could diversify some oil and gas capabilities and replace up to 40% of 2019’s revenue by servicing the renewable markets.

The UK upstream oil and gas sector has become leaner and more resilient over recent years, as pullbacks in investment and reduced operating costs has helped provide a stronger cash flow outlook under newly weakened oil and gas prices, says GlobalData, a leading data and analytics company. 

bp has introduced a new strategy that will reshape its business as it pivots from being an international oil company focused on producing resources to an integrated energy company focused on delivering solutions for customers.   

Paradigm Leap has developed a bespoke program designed to initiate change in the Oil and Gas and Energy sector.

Huntington Ingalls Industries’ (NYSE:HII) Technical Solutions division announced that it has completed a strategic equity investment in Sea Machines Robotics, Inc., a Boston-based autonomous technology company that specializes in advanced software for unmanned surface vessels (USVs).

Experts are launching a $500,000 research project that will examine how the increase in Gulf investments in port infrastructures in the Horn of Africa has shaped its political landscape.

Canada’s Ocean Supercluster “Ocean Startup Project” and the World Ocean Council (WOC) are collaborating to broaden the search for problem-solvers to take part in the Ocean Startup Challenge - applications close on 14 August.

As Covid-19 infections continue to increase around the world and the implications of the pandemic’s spread are acknowledged in key markets in the Americas and Asia, Rystad Energy is now changing its base case scenario for oil demand, incorporating a mild second wave effect.

All countries maintain accounts that tell a story about their economy. The most well-known feature of these national accounts is Gross Domestic Product or GDP, a single number that summarizes the size of an economy represented by the total value of certain goods and services produced, usually each quarter or year.

Following Halliburton’s Q2 2020 earning call, where the company fully commits to its strategy of improving innovative customer solutions through digital technology and concentrating on international markets entering Q3;

Following the release of Shell’s Q2 2020 earnings call; Effuah Alleyne, Senior Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers her view:

Following the release of Schlumberger’s Q2 2020 earnings call;

GIEK (The Norwegian Export Credit Guarantee Agency) has quadrupled its offshore wind portfolio to NOK 4.2bn (USD 453m) since the tail end of last year. With ample capacity and competitive rates, it is actively seeking new business worldwide as part of its mandate to bolster the participation of Norwegian exporters in a burgeoning but capital-intensive sector.   

Total announces the signing of a $14.9 billion senior debt financing agreement for Mozambique LNG.