Technology

Meg Energy in Oilsands Efficiency Drive with Baker Hughes, C3 AI Partnership

Meg Energy in Oilsands Efficiency Drive with Baker Hughes, C3 AI Partnership

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…

September 14, 2021
Shell Partners with Crowley for LNG Bunkering Barge on East Coast

Shell Partners with Crowley for LNG Bunkering Barge on East Coast

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…

September 3, 2021
Permian Oil Patch Faces Economic Conundrum as Efficiencies Reduce Workforce

Permian Oil Patch Faces Economic Conundrum as Efficiencies Reduce Workforce

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…

July 2, 2021
Six U.S. Research Teams Tapped to Advance DAC Prospects to Capture, Store GHG

Six U.S. Research Teams Tapped to Advance DAC Prospects to Capture, Store GHG

Six U.S. projects designed to advance direct air capture (DAC) technology to snatch carbon emissions from the atmosphere are the focus of a new federal funding effort. The Department of Energy (DOE) is deploying $12 million for research and development (R&D) underway to remove carbon dioxide (CO2) emissions from the air. Funding is being directed…

June 21, 2021
Duke, Malta Consider Converting Coal Plant to Zero-Emissions Energy Storage

Duke, Malta Consider Converting Coal Plant to Zero-Emissions Energy Storage

In an effort to further its goal of achieving net-zero carbon by 2050, Duke Energy is taking part in a study to convert retiring coal units into long-duration, zero-emissions energy storage systems. The North Carolina-based utility is studying the socioeconomic, environmental and operational benefits of integrating Malta Inc.’s 100 MW, 10-hour pumped heat energy storage…

May 21, 2021
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
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