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Reliance Reaps Record Profit

Oct 18, 2019

Indian oil-to-telecoms conglomerate Reliance Industries said strong growth in its consumer-facing businesses lifted second quarter net profit by 18.3% year-on-year to a record total.Consolidated net profit rose to 112.62 billion Indian rupees ($1.58 billion) in the three months ended Sept. 30, the country's largest company by market value said on Friday.Analysts on average had expected a profit of 111…

Shell to Speed Up Seismic Interpretation with Deep Learning Tech

Aug 31, 2020

Oil and gas giant Shell has tapped digital innovation specialist Bluware Corp for the supply of deep learning technology, which should speed up work with seismic data interpretation.Bluware Corp said it Monday it had deployed the Pickasso proprietary deep learning technology…

Offshore: Digital Twinning & Reduced Operating Cost Offshore

Aug 28, 2020

The oil and gas industry is currently enduring one of the most challenging periods in its history. The impact of the COVID-19 pandemic significantly accelerated an existing decline in global demand for hydrocarbons, resulting in the lowest oil prices for 30 years…

PTTEP Taps Halliburton for Offshore Production Optimization Services

Aug 19, 2020

Oilfield services firm Halliburton will design and implement a series of digital transformation projects aimed at boosting production from Thailand-based PTTEP's offshore oil fields.Halliburton said Tuesday that it had won a contract to deliver…

INTERVIEW: Kris Kydd, Head of Robotics, at Total E&P UK; Total’s “Stevie the Robot”

Aug 10, 2020

Total has been working on robotics for some years now, having launched the Argos challenge in 2013 and now getting ready to put the Taurob designed Stevie robot through its paces in a trial at Shetland Gas Plant. We spoke with Kris Kydd, Head of Robotics…

LR Names Marine & Offshore President for SAMEA

Jul 28, 2020

LR has appointed Mike Holliday as Marine & Offshore president for South Asia, the Middle East, and Africa (SAMEA).In his new role, Holliday will lead LR’s Marine and Offshore operations across SAMEA, primarily based in Singapore, and be responsible…

ABB Solutions for Yinson's Marlim 2 FPSO

Jul 06, 2020

Swiss-based technology giant ABB will provide electrical, control, and telecommunication solutions for Malaysia-based Yinson's new FPSO - Anna Nery. Once delivered, the FPSO will be deployed at Petrobras' Marlim 2 oil field offshore Brazil.'Leveraging…

Schlumberger Introduces Remote Well Op and Downhole Reservoir Testing Tech

Jun 30, 2020

Oilfield services giant Schlumberger has this week introduced two interesting technologies for remote well operations and downhole reservoir testing, the Performance Live and the Symphony, respectively.Performance Live is a digital service that optimizes remote well site operations control…

Drone Specialist Cyberhawk Lands 5-Year Deal with Shell

Jun 22, 2020

Drone-based inspection company Cyberhawk has said it has signed a five-year, multimillion-dollar software contract with oil giant Shell.Under the contract, Cyberhawk will provide its cloud-based asset visualization software iHawk for all onshore…

Temasek Supports Sembcorp Marine's $1.5B Rights Issue

Jun 09, 2020

Singapore's Temasek Holdings stepped in on Monday to support a S$2.1 billion ($1.5 billion) rights issue by Sembcorp Marine as the state investor moves to help the city-state's struggling rig-building sector.Following the deal, loss-making Sembcorp Marine…

India's Reliance Cuts Pay of Oil & Gas Division's Execs

Apr 30, 2020

India's Reliance Industries has cut the pay of some top oil-and-gas division employees by up to 50%, according to six sources and a letter seen by Reuters, as it battles lower profitability because of the coronavirus epidemic.Reliance, headed by India's richest man…

Worley CEO to Step Down. Replacement Named

Feb 03, 2020

Australia-based oilfield services and engineering company Worley has named a new CEO after Andrew Wood decided to retire after 26 years with the company, seven as CEO.He will be replaced by Chris Ashton, who has been with Worley since 1998, most recently serving as the Chief Operating Officer…

Schlumberger Profit Beats Estimates

Oct 18, 2019

Schlumberger NV beat Wall Street estimates for profit on Friday, in the first quarter under Olivier Le Peuch, as higher international drilling activity boosted demand for its equipment and services and helped counter weakness in North America…

PTTEP, Halliburton Ink Automation Deal

Oct 01, 2019

PTTEP, a national petroleum exploration and production company in Thailand, selected Halliburton Landmark for joint development of new well design workflow to automate drilling and completion engineering processes across the well lifecycle, the US-based oilfield services company announced…

Schlumberger, WesternGeco to Provide E&P Data

Sep 16, 2019

WesternGeco, the seismic and geophysical data solutions division of Schlumberger, has entered a strategic collaboration with IHS Markit, a global provider of information, analytics, and solutions.The collaboration will bring together data, technology…

Current News

Petronas Pays $700M in Tax to Sarawak State after Dispute Settlement

Petronas Pays $700M in Tax to Sarawak State after Dispute Settlement

Inpex, Chevron Cutting Jobs in Australia

Inpex, Chevron Cutting Jobs in Australia

GC Rieber's Ice-Breaker to Stay in Sakhalin with Exxon for Three More Years

GC Rieber's Ice-Breaker to Stay in Sakhalin with Exxon for Three More Years

OPEC+ to Meet Amid Oil Price Decline

OPEC+ to Meet Amid Oil Price Decline

Report: Seven Xihe Holdings Tankers Up for Sale

Report: Seven Xihe Holdings Tankers Up for Sale

Dyna-Mac, Keppel Shipyard Enter MoU

Dyna-Mac, Keppel Shipyard Enter MoU

Iberdrola, Macquarie Enter Offshore Wind JV in Japan

Iberdrola, Macquarie Enter Offshore Wind JV in Japan

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