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Market Outlooks

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An offshore vessel
Market Outlooks

Rystad: OFS industry to see lowest headcount in over a decade as Covid-19 pushes firms into cost-cutting mode

A Rystad Energy analysis of the top 50 OFS firms shows that staffing is set to reach its lowest level in more than 10 years.

about 6 years ago
vessel
Market Outlooks

Norden moves forward with fleet renewal

Acting on dry cargo asset opportunities, Danish shipping company Dampskibsselskabet Norden A/S has announced new vessel deals.

about 6 years ago
Nordic Winter rig
Market Outlooks

Awilco exploring options to finance rig order at Keppel

Offshore drilling contractor Awilco Drilling is looking into ways to finance its remaining commitments for a newbuild rig ordered at Keppel.

about 6 years ago
Archer Knight Executive Director David Sheret
Market Outlooks

Archer Knight adds offshore wind to its market intelligence platform

Archer Knight has expanded its software-as-a-service market intelligence platform to include offshore wind developments as well as subsea oil & gas. The Aberdeen-based subsea market intelligence and consultancy firm, formed by Mike Watson & David Sheret, launched Flowline this year. The platform giv

about 6 years ago
containers
Market Outlooks

US container imports to see lowest annual total in 4 years

Imports at major US retail container ports during 2020 are expected to see their lowest total in four years as the impact of the coronavirus pandemic on the US economy continues, according to a new report released by the National Retail Federation (NRF) and Hackett Associates.

about 6 years ago
Britannia platform in the UK North Sea
Market Outlooks

Green energy transition: vital role of the oil & gas industry in achieving net-zero by 2050

A green energy transition will require the industry to make real progress in reducing its carbon footprint.

about 6 years ago
NSRI Tony Laing
Market Outlooks

NSRI develops commercialisation tool for subsea sector

The National Subsea Research Institute (NSRI) has developed a tool which provides a clear indication of the potential commercial viability of early stage technology in the subsea industry, supporting technology and innovation developers, funding organisations and investors. By measuring the viabilit

about 6 years ago
Michael K. Wirth; Source: Chevron
Market Outlooks

Chevron posts massive $8.3 billion loss

U.S. oil major Chevron hit the red hard as it reported a massive loss of $8.3 billion, or almost $4.5 per diluted share, for the second quarter of 2020.

about 6 years ago
Darren W. Woods; Source: ExxonMobil
Market Outlooks

ExxonMobil posts first consecutive quarterly losses since the mid-80s

Oil major ExxonMobil reported a back-to-back quarterly loss for the first time in over three and a half decades.

about 6 years ago
Ekofisk field in the North Sea
Market Outlooks

Red ink for ConocoPhillips on lower oil prices and volumes

ConocoPhillips recorded a $1 billion loss in the second quarter of this year due to lower oil prices and production curtailments amid COVID-19 impact.

about 6 years ago
Voyageur Spirit FPSO
Market Outlooks

UK boasts improved production efficiency for seven years in a row

Production efficiency on the UK Continental Shelf has improved for the seventh consecutive year and for 2019 reached 80 per cent.

about 6 years ago
Eni CEO Claudio Descalzi
Market Outlooks

Eni slips to loss, cuts capex

Eni went from a profit in the second quarter of 2019 to a loss in the same period this year hit by the combined effects of the coronavirus pandemic and the oil price crisis.

about 6 years ago
Precious Shipping: IMO 2020 was absolutely pain-free for us
Market Outlooks

Precious Shipping: IMO 2020 was absolutely pain-free for us

The IMO 2020 sulphur cap, mandating the switch for all ships to use fuels with a maximum 0.5% sulphur content as of January 1, 2020, except for those equipped with scrubbers, has been the driving force for change in the shipping industry over the past couple of years. The implementation of the regul

about 6 years ago
Conference Board of Canada
Market Outlooks

Report: B.C. in the Canadian LNG industry limelight

British Columbia’s liquefied natural gas (LNG) industry could be the stimulus the Canadian economy will need post-COVID-19.

about 6 years ago
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