Robots could replace hundreds of thousands of oil and gas jobs, save billions in drilling costs by 2030
Rystad Energy found that existing solutions could replace hundreds of thousands of oil and gas jobs globally and reduce drilling labor costs by several billion dollars by 2030
$110MM in Onshore Work Goes to KCA Deutag
KCA Deutag reported Monday that its Land Drilling business has secured approximately $110 million in new business in Pakistan, Russia, Kurdistan, southeastern Europe, and Germany.
Fugro to sell Seabed Geosolutions to PXGEO Seismic Services
Dutch geological survey firm Fugro has agreed to divest certain assets of its non-core subsidiary Seabed Geosolutions PXGEO Seismic Services (PXGEO) in a cash deal worth $16m.
Why Don’t OSVs Get Scrapped?
he OSV sector will be reliant on a hitherto unseen amount of scrapping to balance the market, writes Gregory Brown
Petronas Hires Velesto Jack-Up Rig Duo
Malaysian drilling contactor Velesto Drilling has won two offshore drilling rig contracts with Petronas Carigali.
Almost 70 rigs are set to join crisis-stricken drilling sector
While a number of drilling executives, banks and analysts would like to see a considerable share of the world's drilling rigs be scrapped, a significant number of newbuilds are still waiting in the wings.
Steel costs force seamless pipe prices higher
Chinese seamless linepipe prices have jumped by $120 per tonne over the past month because of rising costs.
US OCTG market faces slow recovery in 2021
in 2020, shipments of OCTG and Line Pipe in US dropped by 49 & 50 % respectively
Drilling activity is set for two consecutive years of growth but will lag pre-pandemic levels
Rystad Energy expects around 54,000 wells to be drilled worldwide in 2021, a 12% increase from 2020 levels
Saipem get another $1B gig from Qatar Gas
Saipem awarded a new contract by Qatargas worth over 1 billion USD for the North Field Production Sustainability Pipelines Project
Offshore wind market set for record growth
Despite the COVID-19 pandemic, the world’s installed offshore wind capacity rose by 15% in 2020, reaching 31.9 GW at year-end, from 27.7 GW at the end of 2019, according to Rystad Energy.