Deep Decarbonization of the World’s Energy System Still 15 Years Away, DNV GL’s Energy Transition Outlook Forecasts
Deep decarbonization of the world’s energy system is still 15 years away, with carbon emissions set to remain stubbornly high until the mid-2030s, according to a new forecast of the energy transition by DNV GL. Carbon dioxide emissions from energy use will fall just 15% to 2035, before then dropping 40% to 2050. The oil and gas industry …
Schlumberger, IBM and Red Hat Announce Major Hybrid Cloud Collaboration for the Energy Industry
Schlumberger, IBM and Red Hat, announced today a major collaboration to accelerate digital transformation across the oil and gas industry. The joint initiative will provide global access to Schlumberger’s leading exploration and production (E&P) cloud-based environment and cognitive applications by leveraging IBM’s hybrid cloud technology, built on the Red Hat …
Drilling Systems: Simulators Help Shape Universal Drilling Language
Simulators help shape new universal drilling language to reduce human factors The way drilling crews speak on rigs could soon be standardised across the globe to improve safety and maximise efficiencies thanks to ground-breaking research by the University of Oklahoma using Drilling Systems’ simulators. The University of Oklahoma conducted detailed …
PGS Sells Towed Streamer CSEM Capability to OFG
PGS and Ocean Floor Geophysics, Inc (“OFG”) have today signed an agreement under which OFG has acquired the exclusive rights to use the hardware, software and intellectual property associated with the PGS towed streamer CSEM system. PGS receives shares in OFG as settlement for the transaction. The towed-streamer CSEM technology …
Tendeka-TGT Partnership to Combat Sand Control Failures
Tendeka and TGT partner for ‘industry-first’ solution to combat sand control failures Independent global completions service company Tendeka and diagnostic specialists TGT have agreed a partnership to mitigate the costly consequences of sand control failure in wells. The remedial sand control collaboration known as ‘Find Fix Confirm’, will see TGT’s Sand Flow product used …
Sercel Delivers First WiNG Nodal Acquisition System, to TPIC in Turkey
Sercel announced today that it has completed its first delivery of WiNG, its next-generation wireless land nodal acquisition system. Turkish Petroleum International Company (TPIC), a long-standing Sercel client, has selected a WiNG system for upcoming seismic acquisition projects in difficult-to-access mountainous areas of Turkey. WiNG meets TPIC’s requirements for optimal operational efficiency and delivery …
Schlumberger to Contribute North American Pressure Pumping Business to Liberty
Liberty Oilfield Services Inc. and Schlumberger announced today an agreement for the contribution of Schlumberger’s onshore hydraulic fracturing business in the United States and Canada (OneStim®), including its pressure pumping, pumpdown perforating, and Permian frac sand businesses to Liberty, in exchange for a 37% equity interest in the combined company. …
Baker Hughes Reports Progress Toward Energy Transition and Net Zero Carbon Emissions
Baker Hughes announced today the release of its 2019 Report on Corporate Responsibility. The report highlights performance data for the full year 2019 in the areas of planet, people and principles, and includes Baker Hughes’ contributions to the energy transition to achieve net zero carbon emissions by 2050. As an energy …
Shell Global Solutions International B.V. has Awarded Kongsberg Digital an Enterprise Framework Agreement for the Supply of Kognitwin® Energy, Digital Twin Software
The agreement covers digital twin cloud-based services for the global portfolio of assets and capital projects within the Anglo-Dutch energy and petrochemical company’s upstream, integrated gas, downstream and manufacturing business lines. Shell has now signed an enterprise agreement with Kongsberg Digital for digital twin software to be deployed across its …
Equinor Completes World’s First Logistics Operation with a Drone to an Offshore Installation
A drone flew a 3D-printed part for the lifeboat system from the Mongstad base to the Troll A platform in the North Sea. The operation was completed efficiently and according to plan. “Development is rapid, and we see a huge potential within drone technology that could transform the way we …