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After 4-1/2 years out of service, the massive Wafra oil field in the Saudi-Kuwaiti Onshore Partitioned Neutral Zone, is set to resume production sometime soon and ensuring a smooth restart is no small order. McDermott will work exclusively with Zamil Offshore to provide Saudi Aramco with maintenance, modifications and operations services. Megaprojects have come to define many of the world’s new resource projects but they are also a testament to the awesome engineering capabilities of the oil and gas industry. Find out who took home this year’s honors. A demonstration project of carbon capture, utilization, and storage through enhanced oil recovery was conducted in Saudi Arabia.
The moves are part of the company’s plan to consolidate its recently acquired business units to stabilize its business following the global pandemic and economic downturn. For the seventh straight year, the regulatory body has found offshore operations continue to improve based on an efficiency model developed in partnership with the SPE. Two technologies that may play a part in the decarbonization of the UK energy business are carbon capture, use, and storage and the use of hydrogen for energy transportation and storage. This approach builds on the UK’s gas-network infrastructure, which can be repurposed to avoid becoming stranded. Westwood Global Energy’s analysis looks at production, cost, and revenue estimates in the UK and Norway, should oil prices remain low.
The moves are part of the company’s plan to consolidate its recently acquired business units to stabilize its business following the global pandemic and economic downturn. The fully remote inspection was conducted with an ROV to increase worker safety and security and reduce environmental exposure on an offshore platform. Two technologies that may play a part in the decarbonization of the UK energy business are carbon capture, use, and storage and the use of hydrogen for energy transportation and storage. This approach builds on the UK’s gas-network infrastructure, which can be repurposed to avoid becoming stranded. An agreement with DF Barnes is expected to provide financial security for the Scottish fabrication company, which had been on the verge of closure.
Briefly stated, carbon capture and sequestration (CCS) will help us to sustain many of the benefits of using hydrocarbons to generate energy as we move into a carbon-constrained world. Even though the CO2 generated by burning hydrocarbons cannot always be captured easily in some cases (as in oil used for transportation), sequestration of CO2 from other sources (such as coal-fired power stations) can help to create, to some degree, the “headroom” needed for the volumes of CO2 that escape capture. Because of the likely continuing competitive (direct) cost of hydrocarbons and in light of the huge investment in infrastructure already made to deliver them, the combination of fossil fuel use with CCS is likely to be emphasized as a strong complement to strategies involving alternative, nonhydrocarbon sources of energy. Moreover, the exploitation of heavy oil, tar sands, oil shales, and liquids derived from coal for transportation fuel is likely to increase, even though these come with a significantly heavier burden of CO2 than that associated with conventional oil and gas. CCS has the potential to mitigate some of this extra CO2 burden. If we wish to sustain the use of oil, gas, and coal to meet energy demands in a carbon-constrained world and to provide time to move toward alternative energy sources, then it will be necessary to plan for and implement CCS over the coming decades. Subsequently, we should expect a continued need for CCS beyond the end of the century.
For an industry once fueled by the law of supply and demand, the new economic reality has brought new rules. The nuances of futures contracts caught many of the world’s traders off guard, sending major US crude benchmark into negative pricing territory for the first time. But it probably will not be the last time. A rigorous modeling approach is developed for effective management and inventory analysis of natural-gas storage in underground salt caverns.
This article highlights interesting applications of machine learning in the oil and gas industry in drilling, formation evaluation, and reservoir engineering. Each project uses a data-driven model to solve a previously complex problem using machine learning to augment an existing solution. CCUS is an interdisciplinary research field and its broad scope means that CCUS offers numerous opportunities for science and engineering graduates, including petroleum engineers. Providing access to more than 180,000 papers and presentations, OnePetro is a definitive resource for upstream oil and gas technical information.
The Way Ahead interview team spoke with Armstrong on a number of topics, including his personal experiences, the history of Williams and the midstream oil and gas industry, as well as his advice to young professionals. The AI revolution in the market for consumer goods by companies like Amazon and Alibaba led to significant changes in the market dynamics. Similar impacts can be expected in the midstream industry as the AI revolution unfolds there. CCUS is an interdisciplinary research field and its broad scope means that CCUS offers numerous opportunities for science and engineering graduates, including petroleum engineers. What is pipeline integrity management and what are the crucial components of a well-rounded integrity management system?
Rapid scale-up of CCUS projects is critical to achieving net-zero carbon emissions by 2050. A major oil company is progressing a portfolio of commercial-scale carbon-capture-and-storage (CCS) demonstration projects covering an array of technologies that target applications of relevance to the wider oil and gas industry.
The partnership opportunity is designed to spur the development of next-generation tools and technologies that will become widely adopted throughout the energy sector to reduce the risk that a cyber incident could disrupt the country’s energy system. ExxonMobil has committed $100 million over 10 years to work with the National Renewable Energy Laboratory and the National Energy Technology Laboratory to bring lower-emissions technology to commercial scale. The US Department of Energy has announced up to $20 million in federal funding for cooperative agreements that will help accelerate the deployment of carbon capture, utilization, and storage.