Jaxon Caines, technology reporter, Hart Energy: Rock Flow Dynamics is a well-known reservoir simulation company and home of the t-navigator. And after COVID, downturns and other things in the industry, the industry is finally coming out of a slump. So how is the company changing from this last year? Find out in this Tech Trends with Hart Energy LIVE.
Vasilii Shelkov, co-founder and CEO, Rock Flow Dynamics: During COVID and all the downturn, we continued to hire people. We grew probably to about 200 developers. We have to follow [the] general trend in the industry. So not only concentrate on oil and gas extraction and develop static modeling, but also on newest trends as net zero. People also like to move calculations to cloud.
JC: What are some of the things you guys are investing your tech dollars in today?
VS: We would like to be faster. We need to be the smartest tool on the market. We would like to present a solution for engineers, geologists, geoscientists. So one-stop kind of software toolkit for everybody. So combining the surface network, static dynamic modeling, so creating [a] more integrated picture about what's going on underground and also above the ground.
JC: Every Tuesday we drill into the tech that fuels the oil patch. Be the first to watch our E&P Tech Trends and our E&P weekly newsletter. Sign up at hartenergy.com/ep.
Recommended Reading
Expand CFO: ‘Durable’ LNG, Not AI, to Drive US NatGas Demand
2025-02-14 - About three-quarters of future U.S. gas demand growth will be fueled by LNG exports, while data centers’ needs will be more muted, according to Expand Energy CFO Mohit Singh.
Cheniere Produces First LNG in Corpus Christi Expansion Project
2024-12-30 - Houston-based Cheniere adds to quickly growing U.S. production capacity.
Venture Global Plaquemines Plant on Track to Produce LNG
2024-12-13 - Venture Global LNG’s Plaquemines plant was on track to pull in about 0.16 Bcf/d of pipeline gas on Dec. 13, up from 0.10 Bcf/d on Dec. 12, according to LSEG data.
Venture Global’s Plaquemines LNG Starts Production
2024-12-14 - Venture Global LNG reached a final investment decision on the 20 million metric tons per annum Plaquemines facility 30 months ago.
LNG, Data Centers, Winter Freeze Offer Promise for NatGas in ‘25
2025-02-06 - New LNG export capacity and new gas-fired power demand have prices for 2025 gas and beyond much higher than the early 2024 outlook expected. And kicking the year off: a 21-day freeze across the U.S.
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.