Reveal Energy Inks Deal to Commercialize Hydraulic Fracture Pressure Diagnostics
Reveal Energy Services has entered into a technology licensing and development agreement on July 6 to commercialize ConocoPhillips’ patented poroelastic response measurement (PRM) technology.
Exxon Mobil to Deploy Kongsberg Digital Twin Software
Initial efforts will be focused on a new asset in Exxon’s Guyana portfolio.
Schlumberger, IBM Launch Hybrid Cloud Enterprise Data Management Solution
First hybrid cloud solution for the OSDU Data Platform—the industry standard for energy data—is ready for customer deployment.
Beyond Oil Launches Blockchain Platform Driving Eco-Friendly Oil Production
The blockchain powered platform Solar Oil Project recycles abandoned wells to produce oil while eliminating a trillion dollar ecological nightmare, the company said on June 28.
Kuwait Oil Company Selects Halliburton for Digital Transformation Projects
Projects expand collaboration across all Kuwait fields to increase production and recovery.
Neptune Energy Completes Virtual Reality Pilot on North Sea’s Gjøa Platform
The technology, developed by PaleBlue and used to train astronauts travelling to the International Space Station, will reduce the need for offshore travel, lower costs and associated emissions and support safe operations.
CGG Upgrades GeoSoftware Reservoir Characterization Solution
CGG GeoSoftware has launched version 11.0 of its extensive portfolio of reservoir characterization and petrophysical interpretation software solutions, the company said on June 8.
Rovco Launches New Hydrographic Division
The U.K.-based Rovco has launched a new hydrographic services division in which it plans to invest £9.5 million (US$13.4 million) over the next two years, the company said on June 7.
Data-driven Control Tower Model Improves Planning and Visibility
As the oil and gas industry focuses on recovery from the COVID-19 pandemic and the drive toward net zero, the need to reinvent and do things more efficiently is clear. But how might we achieve that? One way could be through greater use of an automated data-driven control tower model to improve operational planning and long-term visibility, and ultimately drive efficiencies into the industry.
C3 AI, Shell Ink Five-Year Extension to Drive Enterprise AI Utilization
C3 AI, a leading enterprise AI software provider, and Shell have inked a five-year renewal of their strategic agreement to accelerate the deployment of enterprise AI and ML applications on the C3 AI Suite across Shell.