Technology World Wide Exclusives

Statoil, Johan Castberg field

Torger Rød, senior vice president of projects for Statoil, discusses how the company is driving efficiencies with its E&P activities.

Check out the latest activity highlights from around the world.

IHS Markit, short-cycle oil and gas, Kareemah Mohamed, Jerry Kepes

E&Ps could find faster returns targeting mature or late-life basins both onshore and offshore, including shallow water, and other areas, according to IHS Markit.

Schlumberger, Paal Kibsgaard, land and marine seismic acquisition, fourth-quarter earnings

Of the company’s $3 billion of pretax charges for fourth-quarter 2017, more than $1.1 billion was related to WesternGeco seismic restructuring.

Deloitte, John England, oil and gas trends, U.S. exports, U.S. shale, oil and gas production, OPEC, oil and gas digital technology

Deloitte talks production, exports, technology and more on what trends to watch out for this year.

Completion World Wide

Schlumberger, Paal Kibsgaard, oil, drilling, technology, hydraulic fracturing, investment

The company plans to produce a new hydraulic fracturing system and a ‘land drilling system of the future.’

Understanding drainage volume and improved permeability of stimulated rock is essential to forecasting production, according to MicroSeismic Inc.

Change is inevitable, but good technology helps companies stay abreast of the turmoil and risk that go with today’s exploration and production environments.

?New fluid starts with high viscosity to carry proppant through surface equipment and long horizontal sections, then breaks in the formation to maximize the complexity of the created fracture network.

Contracts World Wide

The merger of Baker Hughes with GE Oil & Gas is intended to lead to some changes in the way the energy industry does business.

Aker BP said the drilling and well alliances will plan and execute sanctioned production and exploration drilling activities by using an integrated well delivery model.

Norway’s Statoil ASA (NYSE: STO) will pay a $4 million penalty over allegations that it manipulated the Argue Far East Index (FEI), a propane benchmark, to avoid financial losses, the U.S. Commodity Futures Trading Commission (CFTC) said Nov. 14.

Saudi Aramco is pushing ahead with energy projects that it has listed as a priority to keep the world well supplied with oil while meeting increased domestic demand for gas to fuel industrial growth.

Application of technology will accelerate the application of advanced technologies including analytics and the Internet of Things to drive performance and improve efficiencies.

Digital World Wide

TIBCO, data, analytic intelligence, energy, oil and gas digital technology

Connecting data with analytic intelligence, targeting a business problem, can result in massive savings to the operation.

IEA, International Energy Agency, digitalization, oil and gas, energy, technology

Use of digital technologies such as those associated with enhanced reservoir modeling, advanced seismic data processing and sensors could lead to a 10% to 20% drop in production costs for the oil and gas industry.

Advisian, WorleyParsons, Requis, oil and gas, equipment

The online oil and gas surplus equipment trading platform features a SAP software-compatible data tool that connects data to each piece of equipment.

Schlumberger, SIS, Gavin Rennick, DrillPlan, digital technology, oilfield services, DELFI

Following the SIS Global Forum in Paris, Gavin Rennick, president of Software Integrated Solutions for Schlumberger, spoke to Hart Energy about new releases, technology, next steps and more.

DNV GL, oil and gas, energy, digital, technology

DNV GL’s Elisabeth Tørstad shares thoughts on technology’s future in the upstream sector, following the release of the company’s Energy in Transition report.

Downhole World Wide

The new agreement enhances policies and procedures established through the Global Industry Response Group and adopted by the Subsea Well Response Project consortium, the press release said.

Combining real-time downhole intelligence, coiled tubing strength and flexibility, and continuous electrical power benefits fishing, milling, cleanouts, perforating and other operations.

Manufacturing and engineering firms see the first green shoots of activity improvement as the industry retools for the future. 

Camcon has developed a digital solution for gas lift, APOLLO, to improve the production performance of the well as part of a normal workover program for a high productivity well.

Equipment World Wide

Kraken Robotics Inc. said on Oct. 26 it entered into a partnership with Avitas Systems, a GE Venture, to advance robotic inspections for the oil and gas, offshore renewable energy and shipping industries.

An ESP solution combines a permanent magnetic motor with a side-pocket wet connect system.

A new application-specific MPD device replaces the traditional deepwater application.

A new anchoring solution ensures stability in hard soils.

Operations World Wide

The bulk of the spending is earmarked for North Dakota, where Hess is the third-largest oil producer behind Whiting Petroleum Corp. and Continental Resources Inc.

Insufficient investment, payment delays to suppliers, and the sanctions imposed by the administration of U.S. President Trump have hammered Venezuela's oil industry and saw production fall.

US In Danger Of Lagging In Renewables Investment

Survey shows that the renewables sector M&A activity will likely favor China and Germany, with U.S. policies curbing investors’ interest.

Apache estimated its production in the U.S. was at the high end of its forecast of 218,000 to 224,000 boe/d for the latest quarter, driven primarily by strong growth in the Permian.

People World Wide

Starlee Sykes has been named BP’s regional president for the Gulf of Mexico and Canada, effective Feb. 1, the company said in a news release.

Julie J. Robertson has been elected by the Noble Corp. board of directors to succeed David W. Williams as chairman, president and CEO.

Christina Verchere will replace Mariana Gheorghe, who will leave after 12 years at OMV Petrom and before her contract was due to end in April next year.

Check out the latest new hires, promotions and company news.

oil and gas, workforce, Airswift, technology, digital, Big Data

The skill sets needed of oilfield workers are evolving, requiring slightly more tech abilities as the industry moves deeper into the digital age.

Regulations World Wide

The case involves a fight over how much rival ION Geophysical must pay for infringing Schlumberger technology that helps search for oil and gas beneath the ocean floor.

Investors sued Petrobras after prosecutors in Brazil accused former executives at the company of accepting more than $2 billion in bribes over a decade in the so-called "car wash" corruption scandal.

The new initiative is the latest step by the world's leading oil and gas companies to reduce carbon emissions from their operations to help meet U.N.-backed goals to limit global warming.

President Emmanuel Macron wants to make France carbon neutral by 2050 and plans to curb greenhouse gas emissions by leaving fossil fuels, blamed for contributing to global warming, in the ground.

Houston-based Schlumberger applied to the watchdog for approval to buy the stake in late July in a deal widely seen as testing the state of relations between Russia and the U.S.