With a focus on capital management in the oil and gas industry, producers and service providers will have to work together to create workflow efficiency.
With the upstream industry navigating challenges due to remote operations, low oil prices and demand destruction, these new technologies, trends and collaborations in the area of data analytics will help companies increase efficiency and optimize operations.
Noble Holding Corp. revealed on Nov. 23 that the United States Bankruptcy Court for the Southern District of Texas has issued an order approving the company’s Joint Plan of Reorganization.
Agency is considering lower royalties; most GoM facilities are producing at less than 25% capacity.
U.S. artificial intelligence-driven energy storage company Stem Inc. is nearing a deal to go public through a merger with blank-check acquisition company Star Peak Energy Transition Corp. at a valuation of around $1.35 billion, according to people familiar with the matter on Dec. 3.
Seismic and well data management portal iGlass now features Elasticsearch technology
Solaris Oilfield Infrastructure Inc. revealed on Dec. 2 a collaboration with Amazon Web Services Inc. (AWS) to provide its customers greater insights into oilfield data, including materials and storage usage, trend analysis, equipment and performance analytics, and predictive maintenance features.
This is the oil and gas industry’s first use of blockchain-based smart contracts between capital equipment sales, services, repair and maintenance operations, and signals a new avenue in oilfield services tapping the power of GumboNet.
Halliburton and Accenture have teamed on Dec. 2 to accelerate Halliburton’s digital supply chain transformation and support digitalization within the company’s manufacturing function.
Libya’s National Oil Corp. (NOC) said on Dec. 2 its Chairman Mustafa Sanallah and Schlumberger Ltd. CEO Olivier Le Peuch agreed on technology transfer talks to help restart the country’s oil wells and improve output.
Saudi Aramco is deploying sustainable measures to develop the full potential of the massive gas reserves of the Jafurah field in eastern Saudi Arabia.