Companies call on world leaders to meet renewable energy targets
On Monday, executives from major companies urged leaders to implement an international agreement made at the COP28 Summit in Dubai last year to triple renewable energy capacity by 2030, to combat climate change. The statement was made at a side event to the United Nations Climate Week, in New York. Companies like Amazon.com, a massive energy user and power producers such as Vestas and Iberdrola were among those who issued it. The United Nations has called for countries to submit their national climate plans, due to be presented to the U.N.
Digitalization is Drawing CCS a New Learning Curve
Digital solutions are accelerating the progress required to ensure CCS earns its place in climate change mitigation history.Carbon capture has been around since the 90s, but the behavior of CO2 in pipelines is still not that well understood. A lack of suitable multiphase flow assurance models has meant that past CCS projects have had to apply large, costly safety margins to transport and injection systems. Between 2020 and 2022, the CO2FACT project addressed the shortfalls, and along with the development of the LedaFlow simulator, the knowledge gaps are being closed.
Aker Solutions, Cognite Win $2M Grant for Floating Wind Farm Tech
California Energy Commission has awarded Aker Solutions and Cognite a $2 million grant for a project called NextWind Real-Time Condition Monitoring.The project is focused on next-generation solutions in wind through digitalization and aims to develop a holistic digital solution that will enable monitoring the condition of an offshore floating wind farm and its impact on the environment via live data streaming.Aker Solutions, partnering with Cognite, was selected for the grant award as part of the California Energy Commission's Electric Program Investment Charge (EPIC).
ABB Accelerates Remote Connectivity Rollout
Technology comany ABB said it has expedited the rollout of and access to its remote service tools and digital solutions across critical industry as companies around the world find new ways to maintain operations throughout the coronavirus crisis.“During the COVID-19 crisis, governments and companies are having to make difficult choices, balancing people’s safety with economic livelihood. ABB is committed to supporting both: protect people, while helping businesses to stay operational during these challenging times,” said Peter Terwiesch, President Industrial Automation, ABB.
Offshore Wind: The Domino Effect
Matt Tremblay, SVP, Global Offshore, ABS, discusses the next hot growth market ... offshore wind. While the market grows, the question begs: Is the U.S. marine industry ready to meet demand?The American Bureau of Shipping convened a conference to discuss the pace and direction of the U.S. offshore wind market, including challenges and opportunities for maritime, offshore, subsea and logistics markets. Matt Tremblay, SVP, Global Offshore, ABS, moderated the event and shares some of its findings here.Where do you see opportunities today for growth in the U.S.
Schlumberger Debuts At-bit Steerable System
Schlumberger Introduces At-Bit Steerable System for Drilling Horizontal Wells in a Single RunNeoSteer at-bit steerable system design integrates a unique cutting structure and steering mechanismsSchlumberger introduced today the NeoSteer at-bit steerable system (ABSS) at Society of Petroleum Engineers Annual Technical Conference and Exhibition (SPE ATCE). The NeoSteer ABSSs improve horizontal well drilling performance by providing high-dogleg capability and increased rate of penetration in the curve and the lateral.Developed as a fit-for-basin solution…
DNV GL Mulls Digitalization in Wind Energy
Digitalization is already playing a major role in the growth of wind energy, but it can still drive further improvements in operational efficiency, decision making and cost efficiency – if it can overcome concerns around data sharing.According the report ‘Digitalization and the Future of the Wind Energy Industry’ published by DNV GL, iproving operational efficiency (identified by 52% of respondents), decision making (42%) and cost efficiency (40%) are top priorities for further…
Schlumberger, WesternGeco to Provide E&P Data
WesternGeco, the seismic and geophysical data solutions division of Schlumberger, has entered a strategic collaboration with IHS Markit, a global provider of information, analytics, and solutions.The collaboration will bring together data, technology, and expertise from two of the industry’s leading sources of exploration and production (E&P) information and make it available through the GAIA digital subsurface platform.WesternGeco launched the GAIA platform to accelerate data discovery…
Woodside to Implement Schlumberger's DELFI
Australia's largest oil and gas operator Woodside Energy will leverage Schlumberger's DELFI cognitive cloud-based software environment in an effort to increase consistency, reduce study cycle time and foster innovation in its subsurface characterization and development activities, Schlumberger announced on Tuesday.According to Schlumberger, the DELFI environment delivers extensive integration and connectivity across E&P domains from planning to operations, built around openness and extensibility.
Industrial Internet to Help Upstream Sector
There has been a growing interest among oil and gas companies in adopting the Industrial Internet to improve sustainability and market competitiveness, said a study.According to data and analytics company GlobalData the upstream sector is witnessing comparatively more implementations of the Industrial Internet compared to other oil and gas sectors. This is driven by the need to reduce operational risks and maximizing returns from their assets through digitization.The adoption…
Digitalization Boosts Renewable Sector
Renewable energy investors and developers are increasingly turning to digital technology to build effective investment strategies, with almost half (47%) of the finance industry saying they have digitalization as a core part of their publicly stated strategy.New industry-wide report from DNV GL highlights benefits and challenges of digital technologies for renewable energy financing as market moves away from subsidies.DNV GL surveyed nearly 2000 senior stakeholders from across the energy industry.
Schlumberger Taps Google as Preferred Cloud Provider
Services company Schlumberger said on Monday it has renewed and expanded its agreement with Google Cloud to develop cloud-native exploration and production (E&P) applications to help its customers derive actionable insights from data and harness the power of Google’s cloud infrastructure and artificial intelligence (AI) capabilities.Schlumberger has deployed its oil and gas petrotechnical software suite, including WesternGeco Omega geophysical data processing platform and…
ABS Explores Pathways to 2050 in Germany
ABS National Committee has met recently in Germany to explores pathways to 2050, automation and digital with German maritime leaders and offered insight on key challenges.Vessel automation, demystifying digital technologies and pathways to 2050 compliance led the debate at the ABS German National Committee, said a press note from the global provider of classification and technical advisory services to the marine and offshore industries.“ABS is committed to the German market…
Repsol, Emerson Pact for Geoscience R&D
Emerson and Repsol announced they have established a strategic alliance to deliver advanced subsurface geophysical technologies to reduce the time to prospect and produce first oil.Emerson, a global engineering and technology company, will work collaboratively with Spanish energy company Repsol to implement and deploy advanced subsurface imaging technologies, with core technologies developed by Repsol as part of Kaleidoscope, its 10-year innovation project."These advances…
Oil and Gas Digital Investment Set to Surge
Global oil and gas executives are preparing to accelerate their investment in digital technologies, primarily as they seek to double down on their cost-saving ambitions.An EY survey of 100 global oil and gas executives found that 89 percent expect to step up their investment in digital over the next two years.Despite oil prices reaching more attractive levels during the third quarter of 2018, operational efficiency remains a top priority owing to a legacy of falling prices…
MENA Region to Lead Global Oil and Gas for Decades to Come: DNV GL
The world will need less energy from the 2030s onwards, but it will still require a significant amount of oil and gas in the lead-up to mid-century according to DNV GL’s 2018 Energy Transition Outlook, an independent forecast of the world energy mix in the lead-up to 2050.The report says, the Middle East and North Africa (MENA) region will remain the main global supplier of oil and gas for decades to come."Among its forecasts for 10 global regions, DNV GL’s Outlook sees the MENA region accounting for most onshore conventional gas production in the lead-up to 2050…
DNV GL Rolls-out Digital Hub in Singapore
DNV GL has launched a digital hub in Singapore as part of the transformation of the oil and gas, maritime and energy industries toward digitalization, including increased cyber security and smart infrastructure.The new Singapore hub is called Digital Consulting and Smart Cities, and will include three teams covering smart cities, cyber security and digital development – including support for DNV GL’s open industry platform Veracity.The digital hub, part of DNV GL – Digital Solutions…
DNV GL Unveils Renewable Energy Data Platform
DNV GL is launching GPM Horizon, a data monitoring platform with full integration of current and future renewable energy systems including solar PV, wind and energy storage assets. GPM Horizon enables future-proof fleet management by bringing digitalization technologies and integrated renewables systems together in one platform, which are the key drivers for the global energy transition.Global energy forecasters, including the International Energy Agency, foresee a rapid growth in renewable sources.
Partners Set Out to Drive Subsea Digitalization
A five-year partnership agreement between Subsea 7 company i-Tech Services and Leidos will aim to develop and apply digital technologies to drive efficiency of operations and competitive advantage in the offshore oil and gas sector.Through the partnership, the companies say they will be able to to increase efficiencies in life of field capabilities by providing clients with greater insights into operations through the field lifecycle through digitalization.This relationship…
Energy Leaders Gather for the IEA Ministerial Meeting
Ministers and top government officials from the International Energy Agency’s 29 member countries, seven Association countries – Brazil, China, India, Indonesia, Morocco, Singapore and Thailand – and other partners, as well as more than 30 CEOs from across the energy spectrum, met in Paris this week for the IEA’s 2017 Ministerial Meeting. Held under the chairmanship of Ibrahim Baylan, Sweden’s Minister for Policy Coordination and Energy, the meeting highlighted the IEA’s role as the world’s leading energy authority and a global hub for clean energy.
