The Internet giant is walking away from the exploraiton and production business following a report that claimed it was undermining its own climate initiatives by offering its machine-learning tools. These days, it is all about digital. Click to find out what industry leaders from Encana, Google, Schlumberger, and Shell have to say about the ongoing transformation towards data-driven profitability. The company behind the world’s most popular search engine is trying to click with the upstream business at the most distinguished technical event of the year.

The Internet giant is walking away from the exploraiton and production business following a report that claimed it was undermining its own climate initiatives by offering its machine-learning tools. The head of the world’s largest oil company calls the current discussion of climate change too narrowly focused. The bank funded some €2 billion in projects last year. Panelists at the opening general session of the SPE Annual Technical Conference and Exhibition acknowledged the industry’s daunting challenge of meeting global demand while reducing its carbon footprint. The biennial SPE Offshore Europe conference will explore a diverse set of topics, including the application of digital technologies and preparing for a low-carbon energy future and ongoing work around standardization and decommissioning.

Wind turbine substructures and anchors made of special concrete would float to a site from an onshore plant. The hollow hook will weigh close to 1000 kg and have a safe working load of 325 metric tons. Gas turbine blades and large-scale printing machines highlight new advancements in additive manufacturing that are likely to affect the supply chain in the not-so-distant future.

The Open Group OSDU Forum aims to create a standard data platform on which members work collaboratively to enable secure, reliable, global access to all subsurface and well data. Emerson will increase its foothold in the oil and gas industry with the purchase of software maker Paradigm. Industry CEOs examine the role of global trade with the UK Minister for Energy and Industry.

The Open Group OSDU Forum aims to create a standard data platform on which members work collaboratively to enable secure, reliable, global access to all subsurface and well data. 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. Equinor, Microsoft, and Halliburton are among those joining forces.

Centennial said in its 10-Q report for Q1 that the economic downturn increased the likelihood that the transaction would fail to close by its original timeline. Layne Water Midstream has amended its agreement with the Texas General Land Office to gain exclusive right for reuse and disposal of produced water in the Delaware Basin. The $600-million deal sees NGL net around 580,000 B/D in disposal capacity and 680,000 B/D in transportation capacity via 19 saltwater disposal wells and a network of produced water pipelines. Hillstone also holds an aggregate of more than 110,000 acres in the Delaware Basin. The well count and completion intensity of US tight oil and gas operations have grown in recent years, and rising pressure from environmental regulations means that produced water management has become a key focus for operators.

The oilfield services company's Tubular Running Service was recognized for reducing costs, maximizing safety. Unprecedented, perfect storm, a black swan event—all ways of describing the situation the oil and gas sector finds itself in right now. The Australian company upped its forecast of initial oil production out of the field from 50,000 B/D to somewhere between 75,000 and 100,000 B/D. It expects to spend between $1.9 billion and $2.2 billion on the field's development. The deal for ConocoPhillips’s northern Australian portfolio will help the Australian company boost its position in the country’s gas market, as it gains majority ownership in a set of key assets including Darwin LNG and the Barossa project.

The oilfield services company's Tubular Running Service was recognized for reducing costs, maximizing safety. Unprecedented, perfect storm, a black swan event—all ways of describing the situation the oil and gas sector finds itself in right now. A month after it got out of Norway, Bloomberg reports that the company is working with advisers on a potential Malaysian sale, which could raise as much as $3 billion. ExxonMobil plans to divest around $15 billion in nonstrategic assets by 2021. The acquisition will add to the group’s offerings aimed at environmental impact assessments and project approvals.

The oilfield services company's Tubular Running Service was recognized for reducing costs, maximizing safety. 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. Shell and SBM Offshore won recognition for their Gulf of Mexico Stones field development. The OTC Distinguished Achievement Award will be presented during a luncheon on 1 May at the Offshore Technology Conference in Houston.

The North Caspian Project in Kazakhstan covers the Kashagan, Kairan, Aktoty, and Kashagan South West fields. The JV continues KBR’s work history in Kazakhstan. The company has worked on various projects in the country since 1993.