Igor Sechin: Made a Keynote Speech at a Special Session at the XIV Eurasian Economic Forum in Verona
Rosneft Chief Executive Officer Igor Sechin made a keynote speech at a special session “Reliable Energy and Global Energy Transition” at the XIV Eurasian Economic Forum in Verona (Italy). The event was also attended by ex-Chancellor of Germany and Chairman of the Board of Directors of Rosneft Gerhard Schroeder, Deputy …
Nabors Announces World’s First Fully Automated Land Rig Has Successfully Drilled Its First Well
Nabors Industries Ltd., a leading provider of advanced technology for the global energy industry, today announced its PACE®-R801 – the world’s first fully automated land drilling rig – has reached total depth on its first well, a horizontal well for ExxonMobil in the Permian Basin. Combining Nabors proprietary Smart Suite of automated …
Rosneft and ExxonMobil to Cooperate in Carbon Management
Rosneft Oil Company and ExxonMobil have signed a Memorandum of Understanding to cooperate to assess the potential of lower-carbon technologies to reduce greenhouse gas emissions. The companies will consider the prospects of new projects initially focused on carbon capture, utilisation and storage and the development of lower-carbon fuels, such as …
Kongsberg Digital Signs Agreement with ExxonMobil to Explore use of Kognitwin® Energy Dynamic Digital Twin SaaS-Solution
The parties recently signed an agreement which includes evaluation of Kognitwin® Energy, a contextualized digital twin solution containing dynamic simulation and collaboration capabilities. Initial efforts will be focused on a new asset in ExxonMobil’s Guyana portfolio. Kognitwin Energy is Kongsberg Digital’s digital twin Software-as-a-Service platform that enables operators to integrate …
ExxonMobil: In Memory of Glenn Waller
It is with great sadness we inform that December 16, ExxonMobil Russia Inc. President and Exxon Neftegas Ltd. Chairman Glenn Waller passed away. He was at his home in Sydney, Australia, surrounded by his beloved family. Glenn Waller has studied and worked in Russia for over 25 years. A former …
Collaboration, Partnership, and Transformation. The Caspian Oil and Gas Industry Goes Through Major Change, as Region’s Technical Oil and Gas Conference Goes Online
The largest Caspian oil and gas event came to a close today after going online for the first time in its history. The Caspian oil and gas industry has demonstrated resilience to overcoming low oil prices, the COVID-19 crisis and technological challenges by transforming them into sustainable opportunities. The special …
Google Plans to Stop Making A.I. Tools for Oil and Gas Firms
Google has pledged to stop building customized artificial intelligence (AI) tools that help oil and gas firms to extract fossil fuels worldwide. The story was reported by Medium’s tech publication, OneZero, following an interview with The Cube that was published on YouTube. A Greenpeace report on Tuesday highlighted how Google, Microsoft, and Amazon use AI and warehouse servers to …
23rd World Petroleum Congress Postponed to December 2021
In light of the consequences of COVID-19 and global market volatility, the 23rd World Petroleum Congress has been postponed to December 5-9 2021, it was announced today by WPC President Tor Fjaeran and the Organizing Committee Chairman, Jeff Shellebarger. The decision from the World Petroleum Council Executive Committee and 23rd …
Kazakh Energy Minister Says New Tengiz Expansion Cost too High
NUR-SULTAN (Reuters) – Kazakhstan believes an increased cost estimate for the Tengiz oilfield expansion is too high and wants oil majors Chevron (CVX.N) and ExxonMobil (XOM.N) to review it, Energy Minister Kanat Bozumbayev said on Wednesday. Chevron, which leads the consortium developing one of the Central Asian nation’s biggest oilfields, …
Halliburton Awarded License for Gravel Pack Completions
Halliburton announced today that it was awarded an international license for ExxonMobil’s patented Non-Aqueous Fluid Gravel Packing (NAFPac™) technique for gravel pack completions. Hole stability and shale inhibition are keys to successful installation of openhole completions. Non-aqueous fluid (NAF) is often selected to optimize the drilling process, but hole stability …