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On Earth Overshoot Day, humanity will have used nature’s resource budget for the entire year, according to the Global Footprint Network, an international sustainability organization. Earth Overshoot Day has moved up 2 months over the past 20 years to 29 July this year, its earliest date ever.
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BHP announced a 5-year, $400-million Climate Investment Program to develop technologies to reduce emissions from its operations as well as those generated from the use of its resources.
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Concern has been growing in the oil and gas industry about the high frequency of mooring line failures. While physical tension sensors can be difficult and costly to maintain, machine learning has shown to be a more-accurate and less-costly method for structural integrity assessment.
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Digital is replacing manual at Sanchez Oil & Gas. Since its implementation in 2017, the company’s Production Maintenance Tracker application has been transforming its operations management by bringing together all the assets, departments, and routes into one hub.
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The era of Big Data is coming to an end as the focus shifts from how we collect data to processing that data in real-time. Big Data is now a business asset supporting the next eras of multicloud support, machine learning, and real-time analytics.
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The Italian operator reported positive appraisal and exploration results from wells drilled some 10,000 km apart.
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The company's new 3D-inversion visualization process enables precise geosteering and accurate well placement.
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Production from the Vaca Muerta now accounts for 23% of Argentina’s natural gas output. With only 4% of the shale play’s acreage in development, the US EIA says the country is in position to boost LNG exports in the coming years.
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Photogrammetry—stitching together images to create photorealistic 3D models—can be part of a larger industrial digitalization strategy that aims to liberate data from its silos, connect it to other relevant information, and make it available to the workers who need it.
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UK operator Trident Energy is entering Brazil while Australian firm Karoon Energy is expanding its position in the country. Both will try to boost output from already-producing assets.
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With a $100-million investment and submittal of its offshore Pecan field development plan to Ghana authorities, Aker Energy continues its positioning for an IPO later this year.
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Findings from Kayrros suggest the average Permian well is both less productive and more expensive than reflected in public data.
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