By William Hill Upheaval, change and advances are nothing new for the global energy sector. They have shaped the business for at least the past decade. But what the market is facing in 2020 is something else: The coronavirus pandemic, falling oil prices and collapsing demand could prove to be an existential threat for some operators. Although many of the
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With mounting challenges on the horizon for the oil industry, many rig owners are already or will soon be facing the question of whether or not it is time to stack their offshore drilling rigs. Concerned about cutting losses and reducing capital output, they need cost-effective solutions for preserving the value of millions of dollars’ worth of assets in harsh
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Canada’s Ocean Supercluster continues to press ahead during the coronavirus pandemic, The Chronicle Herald reported. The public-private group formed in 2018 and is based in Atlantic Canada, with the goal of increasing Canada’s ocean economy by $14 billion and 3,000 new jobs over the next 10 years. CEO Kendra MacDonald said the goal is to build ocean enterprises to 3
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TDI-Brooks International Inc., under contract to TGS, has completed the multibeam phase offshore the Niger Delta for a survey that took place in water depths of 750 to 3,500 m. This is Nigeria’s first regional multi-client multibeam and seafloor sampling study. TDI-Brooks’ RV Gyre acquired 82,000 sq. km of high-resolution hull-mounted multibeam echosounder data. During the multibeam data collection a
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This year, NOIA established its ESG program, the NOIA ESG Network. The kick-off event took place with a workshop in early March. As part of this program, NOIA’s members agreed that it is important to sign a participation agreement to affirm commitment to participating in the activities of the NOIA ESG Network. Many companies have already signed and submitted the
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TDI-Brooks International Inc. (under contract to TGS) has completed the offshore seep-hunting surface geochemical analysis and geotechnical campaign of the MSGBC Basin, from Northern Senegal throughthe Gambia and AGC zone, into Guinea-Bissau, down to the Guinea transform fault. TDI-Brooks’ RV Gyre acquired 80,000 sq. km of high-resolution multibeam echosounder bathymetry and performed the offshore advanced analysis where 80 active hydrocarbon
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