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The size of the digital prize is large. But deploying digital technologies at scale is proving harder than first thought. A report from Wood Mackenzie presents lessons from digitalization's early adopters.

Researchers described the temperature changes at the point where liquid meets the vapor during evaporation. The explanation, developed using the Direct Simulation Monte Carlo method, will allow scientists to more accurately simulate the performance of systems based on the theory of evaporation.

Digitalization is now a staple of boardrooms and plays a key role in corporate strategies. It brings equal measures of opportunity and threat. A report from Wood Mackenzie takes a look at how it will affect different categories of the supply chain.

TC Energy is planning to start mobilizing heavy construction equipment to worker campsites and pipeline storage sites in Montana, South Dakota, and Nebraska in February to start preconstruction work on the Keystone XL Pipeline.

The head of the world’s largest oil company calls the current discussion of climate change too narrowly focused.

The amount of oil and gas resources approved for development last year surpassed 20 billion BOE, the highest level seen since 2011. Telltale signs have emerged that we are entering a new offshore investment cycle.

Landmark deal called most significant since 1979 peace treaty.

Applied Petroleum Technology appointed Helge Nyrønning as CEO. Nyrønning was previously managing director and head of business development at Akastor-owned subsurface consultancy group First Geo (now AGR). Before this he spent 9 years with the predecessor to First Geo, Aker Geo.

A total of 12.2 billion BOE was discovered worldwide in 2019—the highest volume in 4 years, with offshore regions dominating the list of new deposits.

The company said its goals underscore its strong environmental, social, and governance performance as it responds to rising global energy demand. In addition, it said, the goals are aligned with the United Nation’s Sustainable Development Goals.

The international Ocean Renewable Energy Action Coalition, spearheaded by Ørsted and Equinor, has been formed to advance sustainable deployment of ocean-based renewable energy and mitigate the harmful effects of climate change.

Industry 4.0, the latest industrial revolution, has hit the manufacturing sector, building upon the adoption of computers and automation into industrial processes. How well suited is the oil and gas industry to leverage the new autonomous systems that could emerge from this transformation?