Technology

Baker Hughes Expanding Industrial Cloud-based Solutions with Microsoft, C3.ai

Baker Hughes Expanding Industrial Cloud-based Solutions with Microsoft, C3.ai

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…

March 25, 2022
Black Hills Touts 33% Drop in Natural Gas Utility Emissions, Growing Demand from Crypto Miners

Black Hills Touts 33% Drop in Natural Gas Utility Emissions, Growing Demand from Crypto Miners

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…

February 18, 2022
EQT Developing ‘Next Generation’ of Unconventional Wells in Appalachia

EQT Developing ‘Next Generation’ of Unconventional Wells in Appalachia

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…

February 14, 2022
AI Still Has Much to Learn About Humans in Natural Gas and Oil Industry

AI Still Has Much to Learn About Humans in Natural Gas and Oil Industry

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…

February 12, 2022
ExxonMobil, Scepter Looking to ‘Redefine’ Global Methane Detection, Mitigation

ExxonMobil, Scepter Looking to ‘Redefine’ Global Methane Detection, Mitigation

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…

December 20, 2021
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
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