R&D/innovation
Growing energy transition investment highlights oil and gas technologies as key enablers.
        
        
    
    Adaptability, collaboration, and digital technologies are all pages in Aramco’s oilfield R&D playbook.
        
        
        
        
    This article is the fifth in a Q&A series from the SPE Research and Development Technical Section focusing on emerging energy technologies. In this edition, Shantanu Agarwal, founder and CEO of Mati Carbon, discusses how the company’s approach to carbon removal led to winning the Musk Foundation’s XPRIZE in 2025.
        
        
        
        
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                    One is on Earth, and one is not. But the knowledge transfer between the oil patch and off-world has fueled meaningful technological advances for all involved.
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                    Cemvita and ChampionX are launching a pilot project next year to turn an old oil field into one that may yield tons of hydrogen each day.
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                    First production from the US supermajor's Arkansas lithium-rich asset is expected by 2027.
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                    The advancement of the oil and gas industry hinges on its ability to transform digitally by applying high-quality data to illuminate its path forward.
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                    An estimated $35 billion in investment is expected to pour into geothermal projects in Kenya and Ethiopia through 2050.
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                    The oil and gas industry is embracing digital technology not just as a differentiator but as an enabler of innovation. The simple reality is that, if one doesn’t, they risk being out of the game.
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                    The oil and gas industry’s sustainability and success depend on its ability to cultivate and nurture a skilled and knowledgeable workforce.
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                    The two newest crew members of the Pazflor floating production, storage, and offloading unit are a pair of robots capable of inspecting 1,700 different points of interest.
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                    The three companies signed a Memorandum of Understanding to explore the development of an energy-specific large language model.
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                    Oil and gas professionals from 70 countries turned out for the 2023 SPE Annual Technical Conference and Exhibition (ATCE) in San Antonio, Texas.