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Norway plans Barents Sea exploration expansion

June 24, 2020
| Archives

Norway plans to persevere with exploration in its arctic frontier through the offer of blocks in the to-now fairly unproductive Barents Sea. The country's energy and petroleum ministry plans to offer 125 Barents Sea blocks in eight areas in a new licensing round, along with 11 blocks in one Norwegian Sea area. "Regular access to new exploration acreage is

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KBR to focus on government contracts, quit natural gas, energy business

June 24, 2020
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Engineering and construction firm KBR Inc will exit most of its liquefied natural gas (LNG) construction and other energy projects, it told investors and employees, as customers pull back on energy investments. The company will refocus on government contracts and technology businesses, Chief Executive Stuart Bradie wrote to employees on Monday. It will “no longer engage in lump

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A Connected Community

June 23, 2020
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What is a connected community? And why do you need it? A connected community can share data and processes across a given platform to solve problems, nurture teamwork and enhance the relationship quality between the company and the employee. If a company uses email or telephone, isn’t that considered connected? In part, yes. But there are important differences between

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Cyberhawk lands multi-million dollar contract with Shell

June 23, 2020
| Archives

Cyberhawk, the global leader in drone-based inspection and creator of iHawk, a cloud-based asset visualization software, announced today that it has secured a five-year, multimillion-dollar software contract with Royal Dutch Shell PLC (Shell). iHawk will become Shell’s next generation visualization software platform for all onshore, offshore and subsea assets, as well as all global construction projects. The contract follows

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U.S. Gov allows Chesapeake to suspend drilling on over 100 leases

June 23, 2020
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The Trump administration has allowed struggling oil and gas company Chesapeake Energy Corp to suspend production from more than 100 federal drilling leases without losing ownership of the assets since the outbreak of the coronavirus, according to a federal database. The assistance for the cash-strapped shale pioneer, which is widely expected to become the biggest U.S. oil and gas

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What is Lynx Location?

June 23, 2020
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What is Lynx Location? Lynx Location is a tool that is built into the Rig Lynx application. It enables you to place a pin on your rig location, business location or any location of importance. Just select if you want to pin a business or a rig, drop in your rig or business name and coordinates, if you don’t

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Last few months of oil’s Big Turnaround

June 22, 2020
| Archives

Every day, traders in London congregate at 4 p.m. to buy and sell North Sea oil for half an hour. The window, as it’s known in the industry, is where competition between the most powerful players in the market sets the price of Brent crude. Two months ago, every trader wanted to sell cargoes and none were keen

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