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After 2 years of testing, Shell is going all in on using high-flying technology to catch methane leaks to reduce its overall emissions to less than 1%. Just 3 years after its landmark merger, GE has announced that in the next 3 years it plans to sell of all its remaining shares in Baker Hughes. A lot about the blowout preventers used for offshore drilling has changed since Macondo in 2010, but the essentials remain. This evolution serves as a case study on why some oilfield technology is hard to change. Halliburton and Schlumberger write-off billions in asset value and signal that more job cuts are coming during the second quarter.
The Dutch major said it has filed an application for drilling operations in the North Slope as part of an effort to help attract buyers to 18 leases it purchased rights to in 2012. Pemex and Talos Energy have 120 days to decide how to share a massive offshore field that both companies claim they should operate. Failure to come to terms means the government will decide the matter. With their gee-whiz—albeit artificial—intelligence, robots may be the industry’s answer to jobs deemed dangerous, dirty, distant, or dull. The Offshore Technology Conference was cancelled for the first time ever due to the COVID-19 pandemic.
Lloyds Register Senior Flow Assurance Engineer Oche Ameh explains what flow assurance is and the importance of this field in oil and gas extraction. The Nigerian National Petroleum Corporation announced a three-point smart strategy aimed at ending gas flaring in Nigeria’s oil and gas industry in 2 years.
The basic objective of this course is to introduce the overview and concept of production optimisation, using nodal analysis as a tool in production optimisation and enhancement. The participants are exposed to the analysis of various elements that help in production system starting from reservoir to surface processing facilities and their effect on the performance of the total production system. Depth conversion of time interpretations is a basic skill set for interpreters. There is no single methodology that is optimal for all cases. Next, appropriate depth methods will be presented. Depth imaging should be considered an integral component of interpretation. If the results derived from depth imaging are intended to mitigate risk, the interpreter must actively guide the process.
The seismic sensors will be dropped by six autonomous aerial drones and later be retrieved by an unmanned ground vehicle instead of conventional manual deployment and recovery by ground-based teams. A US-government-sponsored program is putting new methane leak detection systems to the test with a goal of achieving functionality costs of $3,000/year/wellsite while hitting stringent performance criteria. Southwest Research Institute has developed a leak detection system to autonomously monitor pipelines for hazardous chemical spills. R&D Magazine recently recognized the system as one of the 100 most significant innovations of 2017.
The $30.5-billion project is expected to produce 18 mtpa of LNG once it starts up; commissioning is expected sometime in the mid-2020s. Canada’s investment includes $160 million to fund energy-efficient turbines, which the government says will minimize greenhouse gas emissions. After years of near-misses, a Shell-led partnership is building the first liquefied natural gas export facility in Canada. It creates a much-needed export market for producers facing a gas glut, but more is needed.
Shell has selected Bentley Systems, a provider of software and digital twin cloud services, to help streamline its capital projects and decrease time to first oil. The memorandum of understanding with Microsoft follows a conditional investment decision made in May by Equinor, Shell, and Total. Pending Norwegian government approval, the final investment decision for the project is expected in late 2020 with startup expected in 2024. One year after the Johan Sverdrup field came on stream, Equinor says digital technology has proven to be key to safety and value in all parts of the operation, increasing earnings by more than $200 million. The companies say they will expand their existing technology collaboration to create and deliver solutions to help customers, suppliers, and other businesses lower emissions.
A state commission has approved a rule that will require companies to monitor emissions from oil and gas sites earlier and more frequently than is currently done as Colorado officials implement a law overhauling how the industry is regulated. In a session to review proposed rule changes on setbacks, four of the five Colorado Oil and Gas Conservation Commission’s members voiced support for extended setbacks. The Colorado Oil and Gas Conservation Commission approved new rules governing well construction, testing, and related matters, which the agency says will result in the strongest rules nationwide to protect groundwater from contamination from oil and gas activity. The number of temporarily abandoned oil and gas wells is up 37% from last year, but Colorado regulators say they still have the time—and money—to inspect them. The Colorado Oil and Gas Conservation Commission approved an $18.25 million fine against Kerr-McGee, a subsidiary of Anadarko Petroleum, which has now been acquired by Occidental Petroleum.
The companies say they will expand their existing technology collaboration to create and deliver solutions to help customers, suppliers, and other businesses lower emissions. Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters. Two of Europe’s biggest oil companies urged Texas regulators to end the routine flaring of natural gas, joining with large investors who want greater oversight of the harmful environmental practice. Shell’s health, safety, and environment team in Argentina, with support from Tenaris, created a new safety protocol during the down period that allowed the company to be the first operator to resume operations in May. Royal Dutch Shell will announce a major restructuring by the end of the year as the energy company prepares to accelerate its shift toward low carbon, Chief Executive Officer Ben van Beurden told employees, a company source said.