The fast-growing software firm was founded by former oil and gas professionals who wanted to disrupt traditional reservoir economics software and redefine workflows.
Hydrogen fuels, storage, and production projects are on the go, while CCS and wind projects receive significant international boosts from the likes of INPEX, Chevron, Equinor, and Eni, and Amazon splashes cash for more than three dozen renewables projects.
SPE recently received two awards recognizing the successful launch of SPE Live during the COVID-19 pandemic.
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President's Column
  • Employment is not a direct function of oil prices, but of upstream and midstream investment and activity. Fluctuations in SPE membership generally lag the activity increase or decrease by 1–2 years. It is expected that the current upcycle of activity will contribute to a rebound in membership, especially among the young professionals.
  • Seven years, and we’re on track to exceed the 1.5°C target established by the Paris Agreement in 2015 to limit global warming by 2030. Instead, we may be turning up the heat to 3.0°C. And in this case, doubling the wager does not hold potential for greater rewards. A recent report addressed the costs of technologies for emissions mitigation and their likelihood of mak…
  • Gas flaring, which accounts for 30% of carbon emissions from fossil-fuel operations, dropped globally to a 10-year low in 2021, but questions remain whether 2022 will see a rebound as the industry reboots in a post-COVID-19 world with oil and gas supplies tightening.
  • ExxonMobil has initiated front-end engineering design studies to determine the feasibility of developing a South East Australia carbon capture and storage hub in the Bass Strait, where some of Australia’s oldest offshore oil and gas fields are to be decommissioned.
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