Source: Reuters Satellite imagery of Saudi Arabia’s Abqaiq oil processing plant, which was damaged in an attack on Sept. 14, show signs of a return to thermal activity, data analytics firm Kayrros said on Thursday. Kayrros also said that flaring – the burning of gas from oilfields – was at “usual minimal levels” at Ghawar, Khurais and Abqaiq. The low
From The Houston Chronicle BP said Tuesday it is launching a new system of gas cloud imaging and aerial drones to monitor and help reduce methane emissions around the world. The British energy major said it will deploy a system of continuous measurement of methane emissions for all of its new major projects worldwide and that it will use frequent
From World Oil Repsol Sinopec Brazil, Ouro Negro and the Mechanical Engineering Department of PUC-Rio’s Technical and Scientific Center (CTC/PUC-Rio) are expanding their technological partnership, developing a through tubing logging profiling tool to assess cement quality in lined wells. “The proposal is to have a tool that enables the detection of cement anomalies in the adjacent layer and not only
By Tyler Losier, Energy Reporter, Oil & Gas 360 Genscape will become a part of Verisk subsidiary Wood Mackenzie Verisk (stock ticker: VRSK), a data analytics provider headquartered in New Jersey, has signed a definitive agreement to acquire Genscape, a provider of real-time data for commodity markets, from Daily Mail and General Trust (DMGT) for $364 million in cash. As
By Tyler Losier, Energy Reporter, Oil & Gas 360 ExxonMobil partners with Mosaic Materials in order to pursue carbon capture technology ExxonMobil (stock ticker: XOM), an international oil and gas supermajor, has partnered with Mosaic Materials, a chemicals and engineering company, in order to explore and advance technology that can be used to remove carbon dioxide from emissions sources. The
By Tyler Losier, Energy Reporter, Oil & Gas 360 Drillinginfo changes corporate name to Enverus Drillinginfo, an energy SaaS and data analytics company, is officially changing its corporate name to Enverus, marking both the company’s 20th anniversary and its achievement of surpassing $300 million in annual recurring revenue. According to an Enverus press release, the new name is comprised of
From Reuters U.S. stocks gained ground on Monday at the onset of a heavy earnings week, while European shares inched higher as investors took heart from potential progress in U.S.-China trade talks and increasing geopolitical tensions sent oil prices climbing. Tech pushed Wall Street into positive territory as investors girded themselves for a week of second-quarter results from major industrial
BP recently created BP Launchpad as a business incubator From the Houston Chronicle BP is getting into the startup business launching its own well technology business, called Lytt, with [other tech startups] on the way. BP developed the acoustic, fiber-optics technology a couple of years ago to help identify sand interference in its offshore wells and the British energy supermajor
Permian completion almost doubles 2016 record Montney completion Stage Completions USA is demonstrating how to maximize completions for operators in the Permian Basin. [contextly_sidebar id=”PZkAJzfhcomeowHVjsa8cyyFndZ9wgvG”] Stage said that it achieved a record-setting 142-stage completion with its 5.5” Bowhead II Sliding Sleeve System at a Permian well. The 142-stage frac was completed in 4.3 days. Here’s what the technology
Data Gumbo Secures $6M in Series A Funding from Venture Arms of Leading International Oil & Gas Companies
IoT, cloud computing, custom aps, telematics, embedded tech boost efficiency and safety for Crestwood Equity Partners “tip to tail” From CCJ Crude oil prices fell rapidly during the fourth quarter of 2014 as global output exceeded demand. The change of events led Crestwood Transportation in a new direction. Before this period, the Kansas City, Mo.-based carrier had acquired a number of small
Except for a small drop in the amount of oil produced in 2016, with return to the upswing in 2017, American production has been on a steady increase ever since 2008. Even during the 2014-2016 price crash, U.S. E&Ps hunkered down, strengthened their balance sheets, made technological leaps and kept on producing oil and gas—without depending on the reappearance of
