Offshore Technology Conference (OTC) 2020 Postponed
Offshore Technology Conference 2020, one of the world's largest conferences and exhibitions dedicated to the offshore energy industry, will be postponed this year due to the coronavirus outbreak.The OTC 2020 organizers said on Friday that the conference…
FTR Continues Year-on-year Growth
Fulkrum Technical Resources (FTR), global provider of technical personnel specializing in QA/QC, inspection and vendor surveillance services to the energy industry, announced recent contract wins resulting in year-on-year growth of more than 55%.Operating out of eight bases around the world…
Low on Labor?
How employers in the energy sector can address the labor shortageEarlier this year, the U.S. Department of Labor released data showing that the U.S. economy had 7.6 million unfilled jobs while only 6.5 million people were looking for employment. The energy sector is not immune to this phenomenon. In fact, the U.S.
Oil Rally Stalls as Production Forecasts Soar
Despite the overwhelmingly bullish sentiment that still dominates talk about oil prices, the rally that started at the end of June 2017 seems to have run out of momentum. Front-month Brent futures prices peaked in the final week of January and have since been on a gently declining trend (http://tmsnrt.rs/2DaeVPS).
Oil Retreats but Set for Fourth Week of Gains
China's weak December oil data weighs; Brent, WTI hit highest since Dec 2014 on Thursday. Oil prices fell on Friday after hitting a three-year high over $70 a barrel the previous day, but remained on track to post a fourth straight week of gains. Brent…
Oil to Trade at $60-$70 Through 2020: Kemp
Oil prices are expected to remain close to current levels, averaging around $60 to $70 per barrel through the end of the decade, according to the annual survey of energy professionals conducted by Reuters. Forecast prices have changed very little since the last survey a year ago…
Oil Forecasts Brighten for 2017, 2018: Kemp
Energy professionals have become less bearish about the outlook for oil prices in 2017 and 2018 as downside risks have fallen, an annual survey by Reuters shows. But price expectations for the end of the decade have changed little since the last survey in March 2016.
Saudi Arabia Engineers Shift in Market Sentiment: Kemp
Saudi Arabia has transformed sentiment in the oil market by assembling an unprecedented coalition of oil producing countries to agree output cuts in 2017. Saudi officials have obtained pledges from OPEC members to cut production by almost 1.2 million barrels per day and from non-OPEC members by an extra 560…
OPEC Expected to Deliver Half of Target Production Cut
OPEC will achieve some but not all of the production cuts the organisation agreed last month, according to an informal survey of energy professionals conducted after the agreement was announced. Most energy professionals expect OPEC output will decline to around 33.0 million barrels per day in January 2017…
GTT Participates in LNG18, Perth
GTT (Gaztransport & Technigaz) engineering company specialized in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) announces its participation to the exhibition LNG 18, organized in Perth, Australia, from April 12th to 15th, 2016.
Kemp: Oil Prices Expected to Recover to $70 by 2020
Oil prices are expected to rise gradually over the next five years but will remain well below the pre-crash level, according to a survey of professionals who follow the oil industry. Brent prices are expected to climb from an average of $40 per barrel in…
Meteorology Explained for Wind Energy Professionals
Press release - Dr. Lars Landberg, a meteorologist at DNV GL, has written a book that will help non-meteorologists understand the critical concepts that underpin wind energy technology and project success. The fundamentals of meteorology dictate the success or failure of wind projects, says Dr.
Charity Selected for 2015 OTC Dinner
The Offshore Technology Conference (OTC) announces the 2015 beneficiary of the Annual OTC Dinner—the Independent Petroleum Association of America (IPAA) and the Petroleum Equipment & Services Association (PESA) Energy Education Center for the benefit of the Energy Institute High School.
Bestobell Exhibits LNG Technology
Bestobell Valves, part of the President Engineering Group (PEGL), attended the Gastech 2014 exhibition in South Korea recently and said it had a great response from visitors across the globe, including a significant number from South Korea and Japan. The company showcased its cryogenic valves…
GTT to Present at Gastech 2014
Every 18 months, Gastech is held for the stakeholders involved in the field of natural gas, providing an opportunity to meet energy professionals from all around the globe. For the seventh consecutive time, GTT will be present with a booth at the 2014 edition of Gastech in Seoul…
US Navy to Deploy WindSentinel Floating LiDAR
The teams of Sound & Sea Technology Inc, AXYS Technologies Inc, and DNV GL Inc have announced the award of a contract from the U.S. Navy for the validation of an offshore floating LiDAR wind resource assessment system. Sound & Sea Technology (SST) will provide overall management of the program…
