Equinor has revealed that it will partner with Royal Dutch Shell to develop the next generation of Shell Inventory Optimiser, a solution which leverages analytics on historical data to optimise operational spare part inventory levels. Microsoft will be supporting the companies with the co-development…
Ecopetrol expects to invest US$3.5-4 billion in 2021 based on an expected average Brent price of US$45/bbl for the year. Nearly 80% of the planned investment is allocated to projects in Colombia. The remaining 20% is expected to be spent mainly for development projects in…
BAE Systems, a world leader in electric propulsion, has delivered the first plug-in capable electric hybrid propulsion systems to Alexander Dennis Limited who are supplying new buses to Ireland. The Series-ER (Electric Range) systems will power Ireland’s fleet of up to 600 Enviro400ER hybrid…
Unmanned aerial vehicles (UAVs) or drones are taking on a larger role in offshore operations, serving as a means of remote inspection, data collection, and logistics. Recent field tests have shown that drones can provide a fast, safe and cost-effective solution for the inspection and…
Poor capital allocation, deflationary commodity prices, and weak returns have led to a 250% underperformance for the US energy sector over the past decade resulting in its fall to 2.5% of the S&P 500 from a peak of 13%, according to Morgan Stanley. However,…
After years in the shadow of the US shale boom, the Canadian oil sands are emerging from 2020’s historic market crash with a slew of upbeat outlooks from Wall Street equity analysts. Morgan Stanley and Goldman Sachs are the latest firms to point out…
North Dakota, once at the heart of the early shale boom, is now expecting oil production growth to stall over the next two years as explorers reel from a historic market crash and seek to adapt to higher environmental standards. Home to the Bakken…
Exploration and production company Masirah Oil has started drilling a second development well in the Yumna field, located offshore Oman, using the Shelf Drilling-owned Tenacious jack-up rig. Masirah Oil holds a 100 per cent interest in the Block 50 Oman concession. Rex International holds…
Construction of five new offshore platforms is under way at workshops in Khorramshahr, according to news service Shana. All are for oil fields in the Persian Gulf operated by Iranian Offshore Oil Company. Platforms A20 and A21 are for the Abuzar field, FY-A…
BP and Amazon have agreed to extend their longstanding relationship, with BP to supply additional renewable energy to power Amazon’s operations, and Amazon Web Services (AWS) enabling the acceleration of bp’s programme to digitise its infrastructure and operations. BP sees building relationships with major…
