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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.

The two oil companies will spend more than $400 million to find targets in the expansive offshore area that is currently the subject of the world’s largest 3D survey.

The new field is the fourth exploration well the operator has drilled offshore Norway in the past 16 months.

Aside from being the right thing to do, improving labor rights and worker welfare has a compelling commercial case. When workers are happy and engaged, they tend to work more safely and efficiently and the risk of delays and disputes is minimized. 

Shell ended the year by announcing more writedowns, pushing the total near $22 billion, and raising questions about the future of its Appomattox platform in the Gulf of Mexico

In a year defined by a historically harsh oil-price crash that rippled with collateral damage across the industry, the most-read JPT report of 2020 was about a well so different, it needed a new name.

The two deals have a combined valued of $3 billion and involve more than 81,500 acres in the Midland Basin of Texas.

Brian Sullivan, the executive director of IPIECA, the global oil and gas industry association for advancing environmental and social performance, lays out the organization’s plans to adapt to a changing world while supporting the energy transition and sustainable development.

The first offshore wind turbine installation vessel in the US is one of the largest of its kind in the world.