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
Dividends Declared in the Week of Sept. 9
2024-09-13 - Here is a compilation of dividends declared by select upstream and service and supply companies for third-quarter 2024.
Viper Energy Offers 10MM Shares to Help Pay for Permian Basin Acquisition
2024-09-12 - Viper Energy Inc., a Diamondback Energy subsidiary, will use anticipated proceeds of up to $476 million to help fund a $1.1 billion Midland Basin deal.
Kosmos to Repay Debt with $500MM Senior Notes Offer
2024-09-11 - Kosmos Energy’s offering will be used to fund a portion of its 7.125% senior notes due 2026, 7.750% senior notes due 2027 and 7.500% senior notes due 2028.
ONEOK Offers $7B in Notes to Fund EnLink, Medallion Midstream Deals
2024-09-11 - ONEOK intends to use the proceeds to fund its previously announced acquisition of Global Infrastructure Partners’ interest in midstream companies EnLink and Medallion.
Gulfport Releases Results on Senior Notes Offer Due 2026
2024-09-10 - As of the close of business on Sept. 9, the offer’s expiration date, Gulfport received tenders for an aggregate principal amount of approximately $524 million of the notes.
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.