Testing page for app
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Chevron is having to drill a fifth production well at Israel’s Leviathan natural gas and gas-condensate field to keep production ahead of rising demand, driven by exports to Egypt’s growing LNG hub.
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The deal will see the gradual elimination of the production cuts that at the beginning of the pandemic totaled nearly 9.7 million B/D.
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The world’s largest emissions trading market will probably start slowly.
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Russian oil major Lukoil expanded its Gulf of Mexico presence, acquiring a 50% operator interest in Mexico’s Area 4 offshore license area.
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Although quantum computing, or quantum processing, has still not become a reality in the oil and gas industry, it will prove disruptive according to an executive of a Brazilian player.
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An EU-backed wind foundation design project revealed that predictive digital twin technology can reduce the steel weight and associated costs of offshore foundations.
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The oil and gas industry can benefit from the operational insights that IT/OT convergence provides. Predictive maintenance, in particular, helps improve safety and control costs.
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Halliburton supplies the sensing and analytics technology, and TechnipFMC provides the necessary connections. The combination, which won a Spotlight on New Technology Award, will be used by ExxonMobil in Guyana.
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Four CEOs describe what goes into turning a world of data into a data-driven world.
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Data from the US Bureau of Labor Statistics point to a fourth consecutive month of job growth in the sector, led by Texas additions.