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Sept 10, 2020 Offshore energy services provider Saipem and gas grid operator Snam have signed an agreement to work together on energy transition technology. Under the memorandum of understanding signed, the two Italian companies will jointly work on green hydrogen and carbon capture initiatives, "with the aim of fighting climate change and contributing to the... Continue Reading →
Sept 9, 2020 Schlumberger, IBM and Red Hat have announced that they will collaborate to accelerate the digital transformation in the oil and gas industry. Through the partnership, the companies will provide global access to the cloud exploration and production (E&P) environment and cognitive applications from Schlumberger, which uses IBM hybrid cloud technology, developed on... Continue Reading →
Sept 8, 2020 Baker Hughes is pivoting to customers preparing for the transition to a low-carbon future, bolstering its footprint beyond oil and gas oilfield services, its chief executive said on Tuesday. The company will continue to downsize its oilfield services and equipment portfolio, CEO Lorenzo Simonelli said at the Barclays CEO Energy-Power conference, putting... Continue Reading →
After years of expensive carbon capture and storage (CCS) studies and test centers, Europe has now reached a phase where large-scale CCS developments make sense financially, Norwegian energy market intelligence group Rystad Energy has said. In a report on Monday, Rystad said that CCS in Europe could trigger up to $35 billion in development spending... Continue Reading →
September 4, 2020 Petróleo Brasileiro S.A. – Petrobras informs the conclusion of the Drill Stem Test (DST) in the area of Júpiter Discovery Assessment Plan, located in the Santos Basin presalt. The Jupiter area belongs to the BM-S-24 concession, in which Petrobras is the operator, with an 80% interest, and was acquired in 2001 in... Continue Reading →
Sept 3, 2020 Petrobras is already working on the development of Buzios 9 FPSO and for the other phases of the Santos cluster mega field. The oil company hired Doris Engenharia to develop the basic project for a generic FPSO, with a capacity to produce 225 thousand bopd and compress 12.5 million m³ / d... Continue Reading →
China's Shanghai Waigaoqiao Shipbuilding (SWS) shipyard has delivered another Guyana-bound FPSO hull for the Dutch FPSO specialist SBM Offshore. Following the delivery of the Liza Unity hull in late 2019, SWS on Monday delivered the Liza Prosperity hull, the second hull built under SBM Offshore's Fast4Ward standardized-FPSO-hull program. The construction of the FPSO Prosperity hull started... Continue Reading →
Aug 31, 2020 The National Energy Policy Council (CNPE) has confirmed the resumption of the auction schedule for oil and gas blocks in Brazil from 2021. One of these tenders will be the 17th Concession Round, the first in the country to offer six blocks beyond 200 nautical miles from the coast, in the Santos... Continue Reading →
Oil and gas giant Shell has tapped digital innovation specialist Bluware Corp for the supply of deep learning technology, which should speed up work with seismic data interpretation. Bluware Corp said it Monday it had deployed the Pickasso proprietary deep learning technology, a custom version of Bluware InteractivAI in Royal Dutch Shell PLC. "Bluware's technology... Continue Reading →
The oil and gas industry is currently enduring one of the most challenging periods in its history. The impact of the COVID-19 pandemic significantly accelerated an existing decline in global demand for hydrocarbons, resulting in the lowest oil prices for 30 years. This has left the industry facing the dual challenge of ensuring successful and... Continue Reading →
