R&D/innovation
The London-based supermajor is stepping back from startup investing as it seeks to focus capital on its oil and gas business.
The events will be co-located 3–5 May 2027 at Reliant Park in Houston, Texas.
With the latest addition, the Italian major’s computational capacity passes the exaflop threshold, making the firm the world’s leading company by computing power in the new TOP500 global ranking.
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Oil producers encountering pockets of methane typically use flare stacks to burn off the vented gas. However, winds blowing across conventional open flame burners often result in 40% or more of the methane escaping into the air.
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Gazprom Neft and a cloud computing joint venture involving Abu Dhabi National Oil Company have signed an agreement to commercialize jointly developed digital solutions in Russia and the Middle East.
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Tested within a full ballast water tank on a North Sea FPSO, the ROV collected visual inspection data, validating system performance including wireless navigation and wireless communication.
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Applications include identifying new green catalysts to enable the conversion of waste products to useful matter, green hydrogen generation, CO2 utilization, and the development of fuel cells. Novel catalysts also could be used to replace expensive and rare materials such as iridium, the metal used to generate green hydrogen and CO2 reduction products.
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The technical section will focus on the transfer of technology and practices from the oil and gas industry to geothermal energy development and promote industry best practices.
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It appears to be possible to sense how fractures change during production using ultrasensitive fiber-optic strain measurements.
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If you’ve lived in areas with cold winters—really cold winters—you’ll applaud this research. It holds the potential to further the goal of decarbonization of the building industry plus improve comfort.
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The mood in the global oil and gas business is looking up, but the times are changing as reflected in this selection of some of the most-read JPT articles of the year.
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Totally automated drilling today looks like a robot doing all the heavy lifting on a drilling floor. By 2025, there may no longer be anything surprising about it.
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The failure of the Raptor rig to drill its first-ever well offers a short history of the challenges that came with creating the first automated drilling rig.