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Times are turbulent across the globe as the ongoing responses to the pandemic remain varied. The oil and gas industry—and SPE members—remain affected personally and professionally by its effects on the supply/demand balance, the oil price, and the energy transition.

SPE is accepting nominations for its annual awards, including international and regional Health, Safety, and Environment awards and Sustainability and Stewardship awards. The deadline for international award nominations is 15 February, and the deadline for regional award nominations is 1 March.

Outlooks for the oil and gas industry continue to vary along with the supply/demand balance and the continued effects of COVID‑19 across the globe.

Work began in December on the Snorre Expansion Project in the southern part of the Norwegian Sea. This increased-oil-recovery project will add almost 200 million bbl of recoverable oil reserves and help extend the productive life of the Snorre field through 2040.

The UN says the 2020 Climate Action Summit delivered a surge in progress toward climate goals.

Neuromorphic computing could completely transform everything about the technology industry from programming languages to hardware.

Petrobras will sell the Rabo Branco field, part of the BT-SEAL-13 concession, to Energizzi Energias.

The oil and gas industry, which had begun showing signs of recovery from a generational downturn, was brought to its knees by the COVID-19 pandemic in 2020. SPE’s technical directors reflect on the pandemic’s impacts and share their outlooks going forward in this annual roundup.

The agreement will see Akselos become one of the global energy company’s verified suppliers for structural integrity assessments, forming part of Shell’s newly formed Digital Twin Platform.

Drilling automation and innovation continue as dominant trends despite market downturns and unprecedented challenges in the past year. In many ways, the drive toward new efficiencies and step changes in well-construction performance has taken on an even greater sense of urgency.