Technology

Australia’s Woodside Energy Group Ltd. has a preliminary agreement with Baker Hughes Co. to identify technologies to support support low-carbon solutions. The memorandum of understanding would “explore opportunities” in Australia, Asia and the United States. “Collaborations provide a pathway to help solve the challenges we face in our industry today and into the future,” said…

Oilfield services (OFS) giant Baker Hughes Co. is partnering with Microsoft Corp., as well as C3.ai Inc. and Accenture plc, to deploy industrial asset management (IAM) solutions for the energy industry. Sectors likely to be impacted are oil and gas, renewable energy and thermal power generation, among other industries. Houston-based Baker Hughes is one of…

As of 2020, Black Hills Corp. cut the greenhouse gas (GHG) intensity of its natural gas utility operations by one-third, the natural gas and electric utility reported earlier in February. “From a 2005 baseline, we’ve already achieved a 30% reduction…at our electric utilities and a 33% reduction at our natural gas utilities,” CEO Linn Evans…

EQT Corp. now expects the Mountain Valley Pipeline (MVP) to come online in 2023, which could help narrow its natural gas price differentials and ease Appalachian takeaway constraints, but management acknowledged last week that the “specter of timing” continues to loom over the project. EQT has capacity booked on the system and a stake in…

Artificial intelligence (AI), which tech giant Microsoft Corp. defines as “any technique that enables computers to mimic human intelligence,” falls squarely within the digital transformation. Exploration and production (E&P) and oilfield service (OFS) companies have been embracing digitalization for years, and the momentum is not expected to subside anytime soon.  In a recent study, global…

ExxonMobil is teaming up with Scepter Inc. to deploy advanced satellite technology and data processing platforms to “redefine methane detection and mitigation efforts,” initially in the Permian Basin. The partnership is slated to be multi-sector, extending across the energy complex and dozens of other industries including agriculture, manufacturing and transportation. “This collaboration will enable multiple…

Canadian oilsands player Meg Energy Corp. is partnering with oilfield services giant Baker Hughes Co. (BKR) and software provider C3 AI Inc. to make its upstream operations more efficient. BKR and C3 said Tuesday they had successfully deployed their BHC3 production optimization artificial intelligence (AI) application at Meg’s operations. The software is designed to “improve…

Shipowener Crowley Maritime Corp. said Wednesday it is partnering with Royal Dutch Shell plc to construct a liquefied natural gas (LNG) bunker barge to serve vessels powered by the super-chilled fuel on the East Coast starting in 2024. The 416-foot-long barge is designed to offer capacity for 12,000 cubic meters of LNG and product supply…

The technological breakthroughs that sparked the Lower 48 oil and natural gas revolution jolted economic activity across the Permian Basin, but the efficiencies reduced the need for people, creating a conundrum of sorts, according to the Federal Reserve Bank of Dallas.  Business economist Garrett Golding and research analyst Sean Howard of the Dallas Fed, as…