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The all-stock deal doubled Liberty’s working pressure-pumping capacity without adding any debt to its balance sheet, while Schlumberger retains a 37% equity interest.

The two Calgary-based heavy-oil companies have closed on their all-stock deal that was valued at around $2.9 billion when it was announced in October.

In the spectrum of artificial intelligence (AI) technologies, those adopted to date in the oil and gas industry are task-focused, narrow applications. Taking AI to the next level cannot be done by Silicon Valley alone.

Regionwide US Gulf of Mexico (GOM) Lease Sale 256 generated $120,868,274 in high bids for 93 tracts in federal waters. The sale on 18 November featured 14,862 unleased blocks covering 121,875 square miles.

A combination of computational-fluid-dynamics and finite-element modeling offers a potentially powerful tool for assessing and diagnosing multiphase-flow-induced vibration problems in hydrocarbon-production piping systems.

Innovative elements of digitalization and automation of workflows provide a new approach for better handling of slugging in subsea developments with long tiebacks, potentially optimizing production and limiting the amount of flaring.

COVID-19 has significantly accelerated the adoption of digital technologies across all industries, and the oil and gas industry has been no exception. As such, interest in digital data acquisition, which is the backbone of all digital transformation work flows, also has increased significantly.

Industrial robots are becoming an increasingly popular choice in a variety of industries for different applications. Going by responses to a McKinsey and Company survey, up to 88% of businesses worldwide intend to adopt robotic automation into their infrastructure.

AI-driven technology in the form of digital twins is helping companies reduce costs as they reopen after the COVID-19 lockdown, says a report from research and advisory company Gartner.

Where there are data generated and collected, there is analysis of the data. The ongoing digital transformation in the industry has opened many opportunities for professionals skilled in data analytics.

The partnership between the software company and Texas A&M’s Department of Petroleum Engineering provides students with access to software that can enhance reservoir research with machine learning.

With a replacement gas injection system successfully installed, the Liza Destiny FPSO has reached its peak capacity of 120,000 B/D on the one-year anniversary of its commissioning.