These processes will be accelerated and automated using AI and real-world learnings from both companies. (Source: Shutterstock)
SLB and TotalEnergies announced July 2 the beginning of a 10-year partnership to develop scalable digital solutions that enable access to energy resources.
The collaboration establishes a “flexible” framework for the companies to address challenges across the energy value chain, including carbon capture, utilization and sequestration (CCUS), SLB said in it press release.
Initially, the partnership will focus on subsurface digital solutions for reservoir engineering and geoscience modeling and interpretation, using SLB’s Delfi on-demand reservoir simulation (ODRS). The project plans to adhere to the Open Group’s OSDU Technical Standard. These processes will be accelerated and automated using AI and real-world learnings from both companies.
“Thanks to these innovative modeling technologies, we will not only be better able to utilize the analyses of geological reservoirs and basins in the oil and gas sector to reduce emissions but also to make further progress in geological carbon storage,” said Namita Shah, president of OneTech at TotalEnergies.
Recommended Reading
Expand Energy Picked to Join S&P 500
2025-03-10 - Gas pureplay Expand Energy will be elevated on March 24 from its position in the S&P MidCap 400 index.
Utica Oil Player Ascent Resources ‘Considering’ an IPO
2025-03-07 - The 12-year-old privately held E&P Ascent Resources produced 2.2 Bcfe/d in the fourth quarter, including 14% liquids from the liquids-rich eastern Ohio Utica.
USA Compression Names Chris Wauson as COO
2025-03-07 - Chris Wauson, currently the leader of natural gas compression company USA Compression Partners’ Permian office, has been chosen as the company’s new COO.
Devon Energy’s John Krenicki to Retire from Board
2025-03-05 - Krenicki plans to focus on his full-time responsibilities as vice chairman at private equity firm CD&R, Devon Energy said
Chord Announces $750MM Notes Offering to Reduce Debt
2025-03-05 - Chord Energy said it will use part of the funds to reduce its credit facility borrowings. The company is also looking to sell its Marcellus non-operated gas interests.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.