Optime Subsea announced its Remotely Operated Controls System will be used by Aker BP to increase safety, and reduce operational time, cost, and environmental risk...

Ace Oil Tools has launched its new Ace Splice Clamp (ASC) to the completions market. Allowing multiple lines to be spliced with a single clamp, the ASC is a "sub-less" downhole product that protects the control lines during completion...

Precision Drilling's Alpha digital suite has been recognized with the 2020 Energy Excellence Awards “Innovation & Technology Excellence” champion, and the company has also received Hitachi’s Transformation Award for Data Insights Optimization...

The current oil price environment has hydraulic fracturing operators looking for ways to improve efficiencies and save every dollar possible. Reveal Energy Services’ IMAGE Frac, a system of pressure-based fracture maps, is one of several technologies aiming to help in this area...

While offshore drilling contractors entered 2020 hoping this would be the turnaround year, it’s becoming clear they will continue to be plagued by dayrate and utilization challenges in the short term...

The global oilfield service market is expected to decline by 15% in 2020 compared with 2019, Martin Opdal, Consulting Principal, said during a virtual meeting held by the IADC Southeast Asia Chapter on 14 May...

US producers are curtailing about 1.75 million bbl/day of existing production by early June due to operating cash losses, lack of demand and storage capacity, and an unwillingness to sell resources at the low prices available since the onset of the COVID crisis...

According to Wood Mackenzie, national oil companies globally are estimated to cut exploration budgets by over a quarter on average in 2020...

Equinor, Shell and Total have decided to invest in the Northern Lights project in Norway's first exploitation license for CO₂ storage on the NCS...

Neptune Energy has conducted the world’s first dual drilling operation from an integrated subsea template structure at the Fenja field in the Norwegian North Sea...