The Outer Continental Shelf (OCS) Governors Coalition announced its support for increased revenue sharing and energy production on the OCS...

Eni, BP and Total have successfully drilled the first exploration well in the North El Hammad license, in the conventional Egyptian waters of the Nile Delta, on the Bashrush prospect...

Maersk Drilling has secured a contract for the Mærsk Developer semisubmersible rig, which will be employed by PETRONAS for a one-well exploration campaign in Block 52 offshore Suriname...

Chesapeake Energy Corporation announced that the company has voluntarily filed for Chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas to facilitate a comprehensive balance sheet restructuring...

CNOOC announced that the company made a significant discovery of Huizhou 26-6 in the Eastern South China Sea. It is expected to become the first mid-to-large sized condensate oil and gas field in the shallow water area of the Pearl River Mouth Basin...

Trendsetter Engineering has announced a contract award by a major operator in the Gulf of Mexico to deliver a 20,000 PSI Subsea Closure Device and an associated multi-year contract for storage, maintenance, and technical services...

According to a recent analysis from Wood Mackenzie, the oil price crash wiped $1.6 trillion off the valuation of the global upstream industry...

According to OPIS, an IHS Markit company, gasoline consumption in the US has just hit a big milestone; it is now more than halfway back to pre-COVID-19 levels...

In mid-May, Aquila Engineering completed a pilot project on a remote BOP third-party verification system with an operator in the Gulf of Mexico. The system builds upon the company’s real-time BOP monitoring technology, which utilizes machine learning tools like dynamic fault tree analysis to enable real-time monitoring of an offshore BOP...

Digital twins have been the talk of the industry in recent years. By providing elements of artificial intelligence and machine learning to create virtual representations of physical assets, like a drilling rig, they can unlock new possibilities for companies looking to optimize their operational and maintenance procedures...