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Researchers at OU have received $2.5 million of US Department of Energy funding for a three-phase study to develop technologies to increase power production from geothermal wells. The geothermal development research site in Southern California sits on the US Navy’s largest single landholding.

As companies begin to embrace the concepts of digitalization and big data, the main challenge remains: How do we make a step change in reducing human error in heavily paper-based operating and maintenance procedures?

The large independent joins the ranks of many other oil and gas producers who have been forced to reduce their exploration activity and the value of their booked reserves due to lower energy prices.

The Cameron LNG project completed its final train this month, but other LNG projects such as Calcasieu Pass LNG, Driftwood LNG, and Lake Charles LNG face difficulties during the economic downturn.

The latest deal is set to make Southwestern Energy the third-largest producer in the gas-rich Appalachian Basin.

Among the top 50 oilfield service firms, downsizing is estimated to land at a headcount of 610,000, down from the 760,000 maintained after the 2016 downturn.

The companies say they expect the alliance to provide an integrated, open-architecture software platform designed to maximize asset potential.

The announcements are part of the company’s divestment strategy to reduce debt and improve capital.

A volatile market, and a shift to more remote operations during the global pandemic has been a catalyst for demand for mIQroTech’s leak-detection technology

Forced to tighten their belts financially by the coronavirus pandemic, businesses are increasingly using software that automates back-office tasks. The idea, of course, is for companies to save money by reducing the number of workers they need to handle clerical work.

The Oil and Gas Technology Centre’s first virtual hackathon—Code[Less]—will take place 21–24 September, with 75 participants teaming up to solve challenges, without using coding, to raise awareness of the demand for automation and innovation in the energy sector.

The world’s largest oil company saw profits fall by nearly three quarters during the previous quarter but it still weathered the storm better than international majors.