Technology

Suncor Invests in Svante to Quash CO2, Build Out Blue Hydrogen

Suncor Invests in Svante to Quash CO2, Build Out Blue Hydrogen

Suncor Energy Inc., one of Canada’s largest oilsands independents, has agreed to join a group of oil and gas heavyweights to back Svante Inc. as it works to accelerate commercializing more carbon capture technologies. The latest $25 million infusion is designed to fund technology to reduce greenhouse gas (GHG) emissions in industrial applications and to…

March 29, 2021
Oil Price Improvement ‘Faster’ Than Expected, Says Aramco CEO

Oil Price Improvement ‘Faster’ Than Expected, Says Aramco CEO

Saudi Arabia’s state-owned oil and gas company is using technology and reservoir management to segue into an “unprecedented moment” in history, as it works to supply necessary energy while reducing emissions, CEO Amin Nasser said earlier this month. Nasser and his management team held a conference call to discuss the 2020 results for Saudi Arabia…

March 24, 2021
Expro Tie-Up with Frank’s International to Create Global Well Specialist

Expro Tie-Up with Frank’s International to Create Global Well Specialist

Houston-based Frank’s International NV agreed Thursday to combine in an all-stock transaction with the UK’s Expro Group, a tie-up that would bring together well experts ready to tackle what they see as growing opportunities. Expro, which would own 65% of the combined entity, is a privately held well access and flow optimization expert that employs…

March 12, 2021
Upwing Achieves Certification as Carbon-Neutral Equipment Producer

Upwing Achieves Certification as Carbon-Neutral Equipment Producer

Upwing Energy Inc., which has provided artificial lift technology for the oil and gas industry since 2016, said it has been independently certified as a carbon neutral company under standards set by the British Standards Institution (BSI).  According to the Cerritos, CA-based oilfield services operator, Upwing’s certification can benefit exploration and production (E&P) companies through…

March 5, 2021
PG&E Partnering to Detect Methane Leaks, Carbon Capture Repurposing

PG&E Partnering to Detect Methane Leaks, Carbon Capture Repurposing

Pacific Gas and Electric Co. (PG&E) is partnering in research that executives said could shift the paradigm for methane detection and carbon capture/repurposing. Reducing PG&E’s carbon footprint is a major focus of its Gas Operations Research, Development and Innovation team that is supporting California’s goal to reduce methane emissions by 40% below 2015 levels in…

February 24, 2021
Liberty Adds Heft in North American Land with Schlumberger’s OneStim

Liberty Adds Heft in North American Land with Schlumberger’s OneStim

Denver-based Liberty Oilfield Services Inc. has completed its takeover of Schlumberger Ltd.’s OneStim, the massive U.S. and Canada onshore hydraulic fracturing business, in exchange for 37% equity. The transaction, completed on the final day of 2020, moved Liberty into the top tier of onshore completions experts. OneStim provides expanded opportunities in pressure pumping, pump down…

January 5, 2021
Texas A&M Enters Digital Oil, Gas Deal to Create Modern Learning Opportunities for Students

Texas A&M Enters Digital Oil, Gas Deal to Create Modern Learning Opportunities for Students

Texas A&M University’s (A&M) petroleum engineering school is partnering with Houston-based software firm Tachyus to enhance access for students to cutting-edge technology such as machine learning and predictive modeling.  “Our platform aims to be a tool that allows students, early on, to become accustomed to modeling and optimization software so that upon entering the workforce…

December 29, 2020
Penn State Gains Funding to Expand Work on Supercomputer-Aided Natural Gas Turbines

Penn State Gains Funding to Expand Work on Supercomputer-Aided Natural Gas Turbines

The U.S. Department of Energy (DOE) recently granted a Pennsylvania State University (Penn State) team of scientists $1.2 million to build an integrated computational and experimental framework for manufacturing ultrahigh-temperature refractory alloys.  These refractory alloys would contribute to an increased operating temperature on top of higher efficiency in natural gas turbines.  The DOE’s Advanced Research…

December 23, 2020
Digital Expansion Accelerates at Halliburton, Aided by Accenture

Digital Expansion Accelerates at Halliburton, Aided by Accenture

Halliburton Co., the largest Lower 48 completions expert, is accelerating its digital supply chain and extending it into manufacturing in another collaboration with consultancy Accenture. The Houston-based oilfield services (OFS) giant has been working to advance digital deployment and integrate its systems across the value chain to enhance customer service. Plans now are to launch…

December 3, 2020
Halliburton Advancing Digital Supply Chain in Another Collaboration with Accenture

Halliburton Advancing Digital Supply Chain in Another Collaboration with Accenture

Halliburton Co., the largest Lower 48 completions expert, is accelerating its digital supply chain and extending it into manufacturing in another collaboration with consultancy Accenture. The Houston-based oilfield services (OFS) giant has been working to advance digital deployment and integrate its systems across the value chain to enhance customer service. Plans now are to launch…

December 2, 2020
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