ConocoPhillips Chief Executive Officer Ryan Lance on Wednesday expressed surprise at the quick rebound in U.S. oil prices that slipped into the negative territory in April and said he expects prices to remain volatile in the near term.Oil is now trading at near $40 per barrel…
Qatar Petroleum's Saad Sherida Al-Kaabi in a webinar last week said the country was pressing ahead with the giant offshore North Field expansion despite the dire situation in the energy market where he feels it'll take 1-2 years for demand to…
Denmark and Vietnam are working on finding ways to further boost Vietnam's offshore wind development, which according to the Danish Energy Agency, has a potential of 160 GW offshore wind. As part of the effort, the Danish Energy Agency and the…
After a period of dormancy, drilling activity and rig utilization is up. Yet despite an increase in demand for rigs, there is still an oversupply. Few long-term fixtures, gaps in schedules and rigs moving between different regulatory regimes create new rig intake challenges…
French marine contractor Naval Energies deploys the 3DEXPERIENCE platform to develop new offshore floating wind turbines for wind farm projects and Ocean Thermal Energy Conversion (OTEC) solutions to value deep water resourcesNaval Energies will use the ‘Designed for Sea’ application…
Testing, inspection and certification services provider Bureau Veritas said it has partnered with Offshore Renewable Energy (ORE) Catapult in an effort to jointly develop a Veristar AIM 3D “Digital Twin” of ORE Catapult’s 7MW Levenmouth Offshore Wind Demonstration Turbine in Fife…
McDermott will digitize and standardize its processes, simplifying work processes into a single integrated, software-agnostic engineering platform. Image from McDermott. McDermott…
Greg Hale, Dassault Systemes' Nelia Mazula and freelancer Dora Laine explain how digitizing information can help improve uptime, increase production and optimize resource utilization in the asset-intense industry oil and gas industry. The…
France's Dassault Systèmes announced the signing of a definitive share purchase agreement for Dassault Systèmes to acquire Quintiq, a Dutch supply chain planning software firm, for approximately US$335 million (€250 million) on 23 July. Completion…
Safety and security are an important combination in any industry, but when you talk about the offshore oil and gas industry, the subject definitely ratchets up a few levels. Yes, folks at the Offshore Technology Conference (OTC) 2014…
Shangai's Altium Limited, recognized for its Smart System Design Automation, 3D PCB design, and embedded software development, announced a strategic partnership with Brazil-based reseller SKA Group. SKA, one of Brazil's largest resellers of Dassault Systems and SolidWorks products…
Dassault Systèmes, moved to acquire manufacturing software solutions provider Apriso, for about US$205 million. The acquisition of California-based Apriso deepens the global manufacturing operations management capabilities of the 3DEXPERIENCE platform…
Optimizing operational efficiencies by making critical asset information instantly searchable whenever and wherever from multiple devices, and secure. One of the many challenges faced by the offshore industry globally is effectively managing…
Next Tuesday, April 30, OE will host new Expert Access webinar, this time featuring Patrick Zirnhelt and Jeremiah Woodford of IFS North America. Zirnhelt penned an article for OE’s April issue entitled “Increasing returns from asset management investment…
Eric Byres leads cyber security webinar Image: iStockphotoIn an OE exclusive webinar, readers were able to ask questions and listen to a live presentation with security expert Eric Byres, a SCADA specialist at Tofino Security. The forum…
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