Geothermal Energy: Particle Gel could Solve Low Heat Production Efficiency
Geothermal energy comes from heated water or steam within the earth and provides a renewable source of energy to heat buildings and generate electricity. But many geothermal reservoirs also have an inherent problem – geological fractures that allow water to divert into other areas, cooling the water and the surrounding rock and limiting the efficiency of heat extraction from underground reservoirs.
Statoil Acquires 25% Stake in Brazil's Roncador
Statoil ASA and Petróleo Brasileiro S.A. (Petrobras) have agreed that Statoil will acquire a 25 percent interest in Roncador, a large oil field in the Campos Basin in Brazil. The transaction nearly triples Statoil’s production in Brazil, with attractive break-evens and potential for additional value creation for both parties through the application of Statoil’s expertise in improved oil recovery (IOR).
Sir Bob Reid Joins Belltree Board
Sir Bob Reid is to take up a new role as nonexecutive director of Belltree, a specialist oil and gas consultancy based in Edinburgh. The former chair and chief executive of Shell UK will advise and support Belltree with its continued growth into international markets. During his 36-year tenure at Shell, he spent much of his time overseas including posts in Brunei, Nigeria, Borneo, Thailand, Eastern Europe and Australia.
Emerson Launches Roxar API
Emerson Automation Solutions has launched the Roxar API (Application Programming Interface), its extensibility solution for reservoir modeling and, in particular, for its industry leading software Roxar RMS. The Roxar API helps operators customize their workflows to achieve specific goals; improves data management capabilities with greater interoperability and flexibility…
Emerson, IPRES Enter Software Partnership
Emerson Automation Solutions has announced a business collaboration with IPRES (Integrated Petroleum Resource and Economic Service), an international company based in Norway that provides advanced software tools and services to the upstream oil and gas industry. Under the terms of the agreement, Emerson will sell IPRES’s flagship solutions IPRISK and IPRESOURCE to its existing and prospective customer base.
NPD’s IOR Prize Awarded to Åsgard Licence
Director General of the Norwegian Petroleum Directorate (NPD), Bente Nylund, announced at the ONS 2016 Tuesday that the Åsgard licence was awarded the NPD’s prize for improved oil recovery (IOR) for their Åsgard subsea gas compression effort. “The IOR prize has been given in recognition of their creativity, perseverance and venturousness in applying methods and technology for improving oil and gas recovery.
Construction Begins on Johan Sverdrup Riser platform
The riser platform construction start was marked today at the Samsung Heavy Industries yard in South Korea. Project director for Johan Sverdrup Kjetel Digre (from right), project manager for the riser platform and the processing platform Ståle Nordal and head of Samsung Heavy Industries’ offshore division Younsang Won led the formal celebration of the construction start in South Korea 30 June.
ABB, Aker Solutions Join Forces on Subsea Production
ABB and Aker Solutions have come to an agreement that aims to build on their combined strengths in subsea, power and automation technologies to develop solutions that will improve oil and gas production for the global energy industry. The cooperation strives to integrate ABB's technologies in subsea power and automation and Aker Solutions' subsea capabilities to bring customers more effective…
Aker Solutions, ABB Form Subsea Alliance
Aker Solutions and ABB agreed to build on their combined strengths in subsea, power and automation technologies to develop solutions that will improve oil and gas production for the global energy industry. The cooperation will integrate Aker Solutions' pioneering subsea capabilities and ABB's subsea power and automation system expertise to bring customers more effective, reliable and flexible oil and gas production solutions.
Statoil Starts Subsea Gas Compression at Gullfaks
The unique technology will increase recovery by 22 million barrels of oil equivalent (oe) and extend plateau production by around two years from the Gullfaks South Brent reservoir. “We are very proud that we have been able to complete such a demanding pioneering project with start-up ahead of the original plan,” says Margareth Øvrum, executive vice president for Technology, Projects & Drilling (TPD).
Statoil, Partners Start Subsea Gas Compression
The unique technology will increase recovery by 22 million barrels of oil equivalent (oe) and extend plateau production by around two years from the Gullfaks South Brent reservoir. “We are very proud that we have been able to complete such a demanding pioneering project with start-up ahead of the original plan,” says Margareth Øvrum, executive vice president for Technology, Projects & Drilling (TPD).
Emerson Acquires Yggdrasil
Emerson Process Management has acquired Norwegian company Yggdrasil, a provider of flow assurance and production optimization software. Emerson will incorporate Yggdrasil’s METTE production optimization solution into the Roxar reservoir management software portfolio, providing operators with an integrated workflow from seismic interpretation and reservoir modeling to reservoir simulation and production optimisation.
Aker, Fjords Join Forces
Aker Solutions and Fjords Processing have formed an alliance to develop technology and capabilities for advanced, cost-effective wellstream separation and treatment solutions for the subsea and topside oil and gas industry. The WellSep alliance will apply Aker Solutions' subsea processing experience and testing facilities and Fjords' topside and onshore separation technologies to provide complete solutions.
Water Flows and Energy Grows
The Earth stores and preserves its resources for the future, and some of the Earth’s freshwater resources are kept in aquifers, underground, water-bearing rock formations that provide groundwater to wells and springs. The USGS Groundwater Resources Program studies the major aquifers across the Nation that includes assessments of groundwater availability and quality.
GMS plans $400 mln Capex to 2016; Eyes Asia, West Africa
SE Asia, W Africa expansion in 2015 - CEO; plans $400 mln capex on six new vessels by 2016. CEO expects revenues to double in two years; business levels in 2014 in line with expectations. Oil services firm Gulf Marine Services plans to spend around $400 million up to 2016 and expand into south-east Asia and west Africa next year to tap strong demand for its vessels, its chief executive said on Thursday.
Intertek Invests in O&G Lab in Abu Dhabi
Intertek expanded its Exploration and Production services in the Middle East by investing in a new £1.4 million facility in Abu Dhabi. The laboratory will house cutting-edge equipment that will enable the organization to provide high-specification testing for oil and gas customers in the region. Located in Musaffah, the laboratory will provide…
