Rystad Energy has estimated total sanctioning to bounce back to around US$100bn in 2021, primarily supported by offshore projects, whose value is forecasted at US$64bn for the year
Industry
Axora's oil and gas resource centre to provide digital solutions
Axoras online oil and gas resource centre is set to help companies to rebound from and thrive after the global coronavirus pandemic
Flow control equipment specialist Oxford Flow opens manufacturing facility
Flow control equipment specialist for oil, gas, water and industrial process industries Oxford Flow has opened a 6,000 sq ft manufacturing facility in Oxford, UK, as part of its ambitious growth plans
Weatherford announces the appointment of new president and CEO
Weatherford International plc will appoint Girish K Saligram as the companys president and CEO, effective 12 October 2020
Hydrogen and CCS to be a catalyst to begin deeply decarbonising oil and gas value chain
The scaling of hydrogen and carbon capture and storage (CCS) technology – incentivised by policy – will be a catalyst to begin deeply decarbonising the oil and gas value chain after 2035, according to DNV GL’s forecast
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