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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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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.
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The latest move by Tellurian signifies a business model change from a financial partnership with LNG users to sales to traders.
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Signed into law last month, the Texas Produced Water Consortium will be hosted by Texas Tech and bring together stakeholders, key experts, and industry to address produced water challenges.
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Shell signed a 5-year contract to supply PetroChina with carbon-neutral LNG using carbon credits to offset emissions from Shell’s own emission-reduction project portfolio.
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The new partnership will look to stabilize the energy supply chain in an environment of change for the industry.
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