The study found that payment speed also correlates strongly to project type. Residential construction companies are three times more likely to collect payment within 30 days than those on commercial projects, and five times more likely than those on public projects.

One of the U.S. Navy’s first major projects under a 20-year shipyard modernization effort is facing cost-overruns and schedule slips, an unexpected circumstance which the Navy is hoping to learn from as it continues through the $20-billion Shipyard Infrastructure Optimization Program.

BP will be in the hydrocarbons business for decades to come, Chief Executive Bernard Looney told Reuters on Tuesday, while high oil prices are set to make its asset sales and transition to lower-carbon energy easier.

 

 

 

ADCI and its members accomplished a number of things last year despite an abundance of challenges. This trend is set to continue into 2021, and Phil Newsum is here to explain what you can expect from ADCI in the next year.

 

Norway’s oil and gas industry is counting on renewable power from hydro plants to cut emissions from its offshore platforms but rival demand from the green economy is putting a spanner in the works.

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has decided to form a global research and development (R&D) alliance focused on the development of innovative shipbuilding technologies.

Crude oil prices settled slightly lower on Tuesday after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.

It can be argued that at some point in their productive lives, the majority of unconventional wells will rely on beam pumping to sustain production flow. Compared to other artificial lift technologies, sucker rod-enabled beam pumps for decades have proven to be one of the most viable solutions for maintaining production efficiency, as reservoir pressures decline over time.

The North Sea oil and gas sector has fueled a great deal of this innovation to date. Still, as the energy transition accelerates, there is an opportunity for offshore renewables to provide fresh stimulus and innovation.

Swedish shipping company Furetank Rederi AB has announced that its LNG-powered tanker, Fure Viten, departed China Merchants Jinling Shipyard in Yangzhou for its first zero-emission journey.

Read this article for best practices for managing contaminated-water diving operations.