Shell withdraws from North Sea Cambo project amidst environmental pushback
Shell has pulled out of the Cambo offshore project, citing weak economics, though environmentalists have claimed the move as a victory.
Ardersier Port set to become Europe’s first circular energy facility
The Scottish port will be used to turn disused oil rigs into the foundations for...
Q&A: shipping industry gains new framework to aid decarbonisation
We speak with the International Group of LNG Importers about the group’s new framework for monitoring emissions from LNG vessels.
OPEC misses oil production targets once again
OPEC has come up short on its oil production targets, adding to uncertainties over the market’s stability ahead of OPEC+ talks this week.
Iran’s oil production set to increase amidst talks of nuclear deal
Iran has announced its intention to boost oil production, regardless of the outcome of ongoing talks to lift US sanctions.
Latest Deals
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ConocoPhillipsMergers & Acquisitions $9.5BN
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EquinorMergers & Acquisitions $434M
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EniMergers & Acquisitions $435M
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NEO EnergyMergers & Acquisitions $1.65BN
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ConocoPhillipsMergers & Acquisitions $9.5BN
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EquinorMergers & Acquisitions $434M
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EniMergers & Acquisitions $435M
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NEO EnergyMergers & Acquisitions $1.65BN
Top companies for AI patents in offshore oil and gas industry operations and technologies in the three months to September
| Company | Number of patents |
|---|---|
| Honeywell International Inc | 63 |
| Schlumberger Ltd | 32 |
| 3M Co | 26 |
| Saudi Arabian Oil Co | 26 |
| Halliburton Co | 23 |
| Exxon Mobil Corp | 8 |
| BP Plc | 3 |
| CGG SA | 3 |
| Chevron Corp | 3 |
| Mitsui & Co Ltd | 3 |
Latest News
TotalEnergies start production from the Angolan offshore field
The Clov Project Phase two is expected to have a 40,000 barrels of oil per day production capacity.
Shell scraps plans for Cambo field development in UK North Sea
The field was expected to produce 53.5 billion cubic feet of gas and 170 million barrels of oil equivalent over 25 years.
Venture Global plans to build a $10bn LNG exporting facility in the US
The firm is seeking approval for the construction of the CP2 LNG facility, which will have a 20 million MTPA capacity.
ConocoPhillips buys Shell’s Permian business for $9.5bn
Shell divested approximately 225,000 net acres and producing properties with 175,000 barrels equivalent per day.
Latest Themes
Artificial intelligence innovation among offshore industry companies has dropped off in the last year
Analysis of patent filings shows a shrinking level of AI related applications in the industry over the past year
Sights, style and space: The biggest M&A deals show a world reopen for business
2021s third financial quarter (Q3) saw global M&A deal value drop slightly, with the biggest M&A deals recorded for the apparel sector.
Sights, style and space: The biggest M&A deals show a world reopen for business
2021s third financial quarter (Q3) saw global M&A deal value drop slightly, with the biggest M&A deals recorded for the apparel sector.
Europe is seeing a hiring boom in offshore industry big data roles
Europe was the fastest growing region for big data hiring among offshore industry companies in the three months ending September.
Filings buzz in oil and gas industry: 32% increase in cybersecurity mentions since Q2 of 2020
Mentions of cybersecurity within the filings of companies in the oil and gas industry rose 25% between the first and second quarters of 2021.
Yahsat and Ericsson announce deal to boost industry technology services
The agreement will boost telecommunications, automation, and IoT services across the oil and gas, mining, and ports industries.
BYJU’s, India’s most valuable unicorn, is giving the UK an education in AI technology
Byju’s expansion comes to the UK with an innovation hub exploring AI technology in education.
North America is seeing a hiring boom in offshore industry robotics roles
North America extentended its dominance for robotics hiring among offshore industry companies in the three months ending September.
Expert Commentary & Analysis
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Polypropylene Leads Upcoming Petrochemicals Projects Starts Globally by 2025
GlobalData’s latest report, “Global Petrochemicals New-Build and Expansion Projects Outlook, 2021-2025” indicates that 1,365 upcoming...
Oil & Gas operators adopting digital oilfield technologies for process optimisation
Digital oilfields enable oil and gas companies and oilfield service providers to remotely monitor and...
European energy crisis triggers need for political concessions towards gas supply
Russia has already tried to leverage the current energy crisis to achieve a quick regulatory...