Offshore Technology News Today

The companies will focus on commodity and specialty chemicals, crude oil and LNG trading.

The global drone market is growing, and risk-reducing use cases are emerging across the offshore oil and gas sector.

Located in North Sea, the Bøyla field is a mature asset and has been operational since 2015.

This move is part of Saudi Arabia's broader economic strategy to diversify the kingdom's economy and reduce its dependency on oil revenues.

This agreement comes after a warning of potential halt due to certification issues with oil flow meters in Poland.

Contract activity indicates a growing popularity of floating storage regasification units as countries look to increase their LNG import capacity.

The $100m transaction encompasses around 265 wells.

The contracts are for the development of the Cameia and Golfinho oilfields roughly 100km off Angola's coast.

The company claimed that it is the first exploration success in the region in almost three decades.

It is anticipated that the merged company will have a production capacity of more than 100,000 barrels per day (bpd) of oil and natural gas.