A pilot project was initiated to classify oil and gas projects in Mexico using the United Nations Framework Classification. This paper presents the recent expansion of UNFC guidance to cover social and environmental effects and the further transformation of the system to make it a valuable tool in resource management for governments and businesses. JPT Technology Minute Poll: To Which of the Top Five UN Sustainability Development Goals Do You Think the Oil and Gas Industry Will Contribute the Most? The papers identified in the article cover sustainable development of oil and gas resources in various aspects.

Supermajor announces actions to achieve net-zero ambition and reshape business. It also noted that it will not seek to explore in countries where it does not already have upstream activities. Unconventionals at a Crossroads: Where Do We Go From Here? URTeC 2020’s opening plenary session panel shared insights into how the shale industry can scale technology, fiscal restraint, and social responsibility into a sustainable business case for a new energy landscape. Although based on “intensity” and not “absolute” emissions, oil giants say it’s a step toward net-zero goals for 2050. Its reward for years of struggling to adapt to low prices and weak demand for its oil and gas has been an epic crash.

Supermajor announces actions to achieve net-zero ambition and reshape business. It also noted that it will not seek to explore in countries where it does not already have upstream activities. Amid weakening confidence and volatile market conditions, greater efficiencies and decarbonization are at the center of the industry’s agenda.

The oil and gas industry is increasingly characterized by complex connectivity, but our digital dependency brings a new realm of cyber risks. What are the real opportunities for disruptive step change that will help us to catch up and leapfrog other industries that have given rise to companies such as Amazon, Google, and Apple, and have driven the renewal of the auto, airline, and transportation industries?

The oil and gas industry is increasingly characterized by complex connectivity, but our digital dependency brings a new realm of cyber risks. The ransomware attack that began over the weekend is reportedly still affecting the national oil company’s payment systems, which may have wider impacts on its supply chain. For now, the company says its upstream and downstream operations are running normally. But an equally daunting challenge for the industry heavyweights is keeping their ever-expanding digital systems secure. The author argues that the advent of cloud technology should not be regarded as a further challenge to security but an opportunity to revitalize and improve a company’s defenses dramatically.

The goal of the platform is to connect technologies to operators, developers, and end users in the UK oil, gas, and renewable energy sectors and be the catalyst for rapid technology deployment. IHS Markit says the industry’s “striking pace of growth” and a dynamic commercial environment are fueling the movement to zero-carbon sources. World energy is at a “pivotal moment,” says BP CEO in annual statistical review, which reveals contrasts, challenges in energy consumption, production, and emissions. COVID-19 will fundamentally affect the world’s energy systems and the pace and direction of global transition. The WEC identified a three-stage, respond-rebuild-recreate model being adopted by energy companies in response to the pandemic.

The oil and gas industry is increasingly characterized by complex connectivity, but our digital dependency brings a new realm of cyber risks. For the upstream industry, where improvement in efficiency or production can drive significant financial results, there is no question that the size of the digital prize is huge. The international major is calling its latest multiwell project in the Permian Basin a “beacon of innovation.” The goal is to see if combining digital technologies will lower the operating costs of its shale assets.

The oil and gas industry is increasingly characterized by complex connectivity, but our digital dependency brings a new realm of cyber risks. Exploration commitments are expected to dwindle in the current market environment. The complete paper describes how various P&A designs can be compared by use of a risk methodology that takes account of degradation mechanisms, potential flow rates, and the effect on the environment. This paper addresses the architecture, implementation, and benefits of complex-event processing (CEP) as a solution for the intelligent field.

Supermajor announces actions to achieve net-zero ambition and reshape business. It also noted that it will not seek to explore in countries where it does not already have upstream activities. The goal of the platform is to connect technologies to operators, developers, and end users in the UK oil, gas, and renewable energy sectors and be the catalyst for rapid technology deployment. Despite the global downturn, the long-term transition to net zero presents a major opportunity to create new multibillion industries based around the North Sea. Cross-sector collaboration and major state/private sector intervention, together with strong leadership, will be key.

What Damage Is Wrought by the Rush to Shut In Wells? The Permian Basin is now influencing the upstream water market on the way down, while many questions swirl around the implications of unprecedented shut-ins. Autonomous Inflow Control Valve technology demonstrates significant benefits within first year. As operators feel the pinch of low oil prices, so, too, do their service providers. The room for error and cost overruns just got a lot smaller with the escalating need to make operations more efficient and leaner with fewer resources and investors continuing to prioritize ESG alongside profitability.