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The joint initiative will provide global access to Schlumberger’s exploration and production (E&P) cloud-based environment and cognitive applications by leveraging IBM’s hybrid cloud technology, built on the Red Hat OpenShift container platform.
The API has said the extension of the moratorium on the Eastern Gulf of Mexico (EGOM) and expanding it to the South Atlantic "is the wrong approach at the wrong time".
Joanna Mainguy, Energy Industry Solution Manager for EMEA at Microsoft, and Sak Nayagam, Global Marketing Director, BakerHughesC3.ai, look at the benefits of a more collaborative approach to the digital transformation business by bringing energy technology expertise together with solutions that optimise productivity and accelerate the industry transition.
Analysis of the wells drilled at Martin Linge before the company took over concluded that several of the wells do not have the necessary barriers.
The well is located in the Fenja field in the Norwegian North Sea.
Oil prices are continuing to fall, with most concerns focusing on the US, where Covid-19 isn’t slowing down and road fuel demand trembles.
With the projects so far planned in Europe, Rystad expects that 3 million tpy of CO2 capture and storage capacity will be added each year from 2021 to 2025, then jumping to 7 million tpy in the next five-year period 2026–2030.
The company has acquired a working interest in the North Kairouan permit and the Sidi El Kilani concession, which contains the Sidi El Kilani oilfield.
The two new seismic interpretation products are both powered by artificial intelligence.
Kariya Energy will be pursuing acquisitions of various exploration and development plays either through farm-in deals or operatorship through risk service contracts, or direct negotiations with sovereign governments.
The compressed air system will consist of four large capacity service and instrument air compressors with associated air dryers and filters.
Oil prices continued their decline on Monday, as the market is growing less and less confident that oil demand will recover as quickly as it hoped.