Digital oilfield

The company has announced it will spend more than US$1 billion over the next five years securing energy supplies for the UK and speeding the transition to net zero.

Strong initial performance from new Gulf of Mexico production and onshore wells, balance sheet strengthening with debt reduction announcement, and increasing shareholder returns.

1Q22 safety results show a stable trend in the number of serious incidents and with regards to personal injuries. No incidents with major accident potential have been recorded during the first quarter.

Shell has published its Energy Transition Progress Report 2021 detailing the company’s progress over the past year. This report will be put to shareholders for an advisory vote at the Annual General Meeting on 24 May 2022.

After a delivery of Kongsberg Digital’s digital twin solution Kognitwin® on two assets, one of the world’s largest energy corporations are now expanding their contract, adding four more assets.

Improvements in the US shale sector are a significant driver of the decline in flaring activity.

The plan provides an overview of how the company is progressing towards its 2050 net zero ambition through short-term actions and medium-term ambitions.

Neptune Energy announced it has received an improved environmental, social, and governance rating from Sustainalytics of 23.2, putting it in the top 3% of all oil and gas companies rated by the organisation.

Maersk Training is set to increase headcount across its UK sites as it looks to recruit new instructors due to industry demand.

A multidisciplinary Wood team will implement a combined production management system (PMS) and virtual metering system (VMS) at the Sangomar FPSO control room.

A survey of 1030 UK-based industrial firms has found that 80% of oil and gas companies post-pandemic are relying on legacy systems and spreadsheets to get tasks done.

Candice Ragnes, E&P Consulting, Houston, US, reports on resourcing talent in digital oil and gas, and why the industry has been slow to fully embrace the digital oilfield space.

Halliburton will deploy Energy Stack, its cloud solution that runs on-premise, to manage petrotechnical software applications.

ConocoPhillips will use Schlumberger digital solutions enabled by the DELFI environment to bring its reservoir engineering modeling, data and workflows to the cloud.

The GeoSphere 360 service delivers real-time 3D reservoir insights to enhance reservoir understanding and optimise production potential.