R&D/innovation
This article is the fourth in a Q&A series from the SPE Research and Development Technical Section focusing on emerging energy technologies. In this piece, David Reid, the CTO and CMO for NOV, discusses the evolution and current state of automated drilling systems.
Oil and gas experts encourage human/AI partnerships that can “supercharge” capabilities to create competitive advantages.
The US supermajor is using one of its lowest-value hydrocarbon products to generate double-digit production increases in its most prolific US asset.
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ExxonMobil has committed $100 million over 10 years to work with the National Renewable Energy Laboratory and the National Energy Technology Laboratory to bring lower-emissions technology to commercial scale. -
The technologies born out of innovative ideas have been critical for advancing deepwater assets in the past, and venture-capital investment helps incubate risk-taking companies developing those technologies. With digitization becoming a greater focus in industry, what role will venture capital play?
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The results are in. Here are this year’s “Most Promising” startups as decided by upstream investors and oil company innovation teams
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The US Department of Energy has announced up to $20 million in federal funding for cooperative agreements that will help accelerate the deployment of carbon capture, utilization, and storage.
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Fed by big data loads from big operators, a university consortium and software firm are each working to make upstream data access as quick and easy as a Google search.
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The organizations will receive more than $4.1 million for research projects aiming to improve protocols to minimize the environmental effect of oil spills in water.
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Pictures shot in fractured wells show how a high-pressure slurry of water and sand carves up the perforations.
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JPT asked several active SPE members about the appeal of petroleum engineering, the significance of the work they do, and what the future may hold. Here are some of their answers.
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Contrary to popular imagination, which favors John Wayne stereotypes heroically rescuing the oil industry with wrench and hammer, the oilfield is a place of exquisite engineering, the match of anything on Earth, a marvel of innovation at the biggest and smallest scales.
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Technology transfer in the oil business is too often discussed from a lens of bringing in outside innovations. But what happens when innovation escapes the industry’s orbit and finds a new home?
