Digital oilfield

The transaction cements strong bilateral ties between the UAE and Austria, creating long-term value for all stakeholders.

Rudranil Roy Sharma, Director, Energy & Environment Practice, Frost & Sullivan writes an overview of the current Oil & Gas sector in the MENA Region.

Tracerco, part of Johnson Matthey Plc, has announced the launch of its cloud-based platform that will provide customers with a platform to virtually visualise all scanning projects across the globe.

Petrofac has announced that Sami Iskander, Group Chief Executive, will leave the business at the end of March 2023 in order to pursue other interests.

With this acquisition, Chevron can market the RNG it either produces or procures through a nationwide network of CNG locations.

The Gold Standard award was provided by the Oil and Gas Methane Partnership 2.0, a voluntary initiative launched by the UNEP, and was featured in the UN’s newly-published International Methane Emissions Observatory (IMEO) report.

This sale completion transfers control of SPEX from Shell to Prime Infra effective November 1, 2022. SPEX staff will continue their employment under the new ownership.

The companies aim to provide valuable real-time data about machine oil quality in order to improve machine performance in the field.

Comprehensive analysis calculates 125 000 undeveloped drilling locations amounting to 60 billion bbl of untapped oil and 320 Tcf of undeveloped natural gas.

In 2021 Equinor paid US$8.9 billion in corporate tax to authorities. Through the tax contribution report, Equinor seeks to increase transparency on tax payments and principles.

According to a recent market study by Future Market Insights, the sales of global digital oilfield solutions is estimated to stand at a market valuations of US$54 415.5 million by 2028.

Increasing investments in?network?infrastructure, rising?demand for oilfield communications?from oil and gas operators to scale the production of mature?oilfields, and rising technological advancements for?communication?across?oilfields?are expected to drive the?adoption of the oilfield communications market.

Shell has agreed to sell its 100% interest in Shell Onshore Ventures LLC which holds a 51.8% membership interest in Aera Energy LLC to IKAV for a total consideration of approximately US$2 billion.

ExxonMobil affiliates have signed an agreement to sell all of ExxonMobil’s interests in the Aera oil-production operation in California to Green Gate Resources E, LLC, a subsidiary of IKAV.

The new IWS SIMOPS app is now available on the Corva App Store. The app provides real-time visualisations of the frac tree and wellheads that improve wellsite operational and safety performance.