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Sustainability
Sustainability Data Management
Sustainability data management is a relatively new discipline that requires a unique set of tools, processes, and procedures to meet corporate demands.
Safety
US DOT Invests $80 Million To Improve Pipeline Safety
The combined awards will help fund five programs across the US and state-based grants focused on pipeline and underground natural gas storage safety.
Energy transition
US Scales Down Offshore Leasing Plan
The Biden Administration plans for a maximum of three lease sales in the Gulf of Mexico from 2024 to 2029.
Asset/portfolio management
Subsea Giants Close Joint Venture
Aker Solutions, SLB, and Subsea 7 have joined to create a subsea engineering firm to drive innovation and efficiency in subsea production.
Energy transition
ADNOC, Oxy Take Next Step Toward Megaton-Scale DAC in UAE
Oxy’s 1PointFive subsidiary and ADNOC plan to assess the feasibility of building the first megaton-scale DAC facility outside of the US.
Sustainability
BP Begins Construction on New Texas Solar Project
The 187-MW Peacock Solar project, expected to come online in the second half of 2024, is designed to help power a Gulf Coast Growth Ventures petrochemical complex.
Onshore/Offshore Facilities
Aker BP Awards Yggdrasil Power-From-Shore Contract
The work scope for the project runs through year-end 2027.
Pipelines/flowlines/risers
Equinor and Ithaca Energy Reach FID for UK’s Rosebank Field
Production from the field northwest of the Shetland Islands is expected to start in 2026 or 2027.
Fracturing/pressure pumping
How Petroleum Engineering Can Help Explain the Mysteries of Mars Fractures
The natural fractures discovered on Mars during rover missions might be so important that they are worth bringing back to Earth.
Drilling
High Times and Tight Markets for Jackup Industry
The heated global jackup rig market has day rates for premium units climbing higher.
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