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Baker Hughes and Repsol to Optimize Oil and Gas Production using AI
Energy technology company Baker Hughes and oil and gas major Repsol have signed an agreement to collaboratively develop and deploy next-generation artificial intelligence (AI) tool to optimize processes and workflows for oil and gas production. Through this strategic collaboration, AI-powered automation workflows will be developed and implemented throughout Repsol’s assets around the globe to unlock
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Microsoft helping Enbridge harness power of AI to scale up assets and slash emissions
Canadian pipeline and energy company Enbridge has teamed up with Microsoft to employ artificial intelligence (AI) to maximize safety, reduce greenhouse gas (GHG) emissions, and enhance assets across its operations. Building on what it says is a strong digital foundation, the Canadian player started implementing AI over five years ago and is now leveraging it
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John Holden to Present at Orphan and Idle Wells Texas Conference
Jackson Walker partner John B. Holden, Jr. will be presenting at the 2nd Annual Orphan and Idle Wells Texas Conference on October 23-24, 2024, at the DoubleTree by Hilton Hotel Houston. John’s presentation, titled “Orphan Well Liability and Obligations, Navigating Choppy Legal Seas,” explores the complexities of liability for abandoned wells, including contractual obligations and emerging trends. Key
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Baker Hughes Launches CarbonEdge™, a Digital End-to-End Solution to Mitigate Risk, Optimize Operations and Streamline Reporting for CCUS Projects
Baker Hughes has announced the launch of CarbonEdge™, powered by Cordant™, the first end-to-end, risk-based digital solution for CCUS operations that provides comprehensive support for regulatory reporting and operational risk management. With an intuitive, integrated dashboard, CarbonEdge delivers precise, real-time data and alerts on carbon dioxide (CO2) flows across CCUS infrastructure, from carbon capture and
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Pa. secures $76M in federal funding to boost oil/gas well-plugging program
The Shapiro Administration this week announced it has secured $76,406,474 in federal funding from the Biden-Harris Administration to address the plugging of orphaned and abandoned oil and gas wells, advancing its ongoing efforts to protect public health, reduce methane emissions that contribute to climate change — and create good-paying Pennsylvania jobs. The Pennsylvania Department of
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Rice’s Baker Institute Center for Energy Studies unveils first annual Energy Insights
Insights include electricity reliability, global oil and gas, mining, energy technology, geopolitics and more. Texas’ energy reliability and the future of global energy supply chains are just a few of the topics addressed in the first annual Energy Insights – a collection of articles from fellows and scholars at the Center for Energy Studies (CES) from Rice
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Rice’s Baker Institute unveils Argentina Energy Sector Initiative
Rice University’s Baker Institute for Public Policy announces a new initiative focused on the Argentine energy sector that will result in conferences, reports and workshops. Argentina possesses a wide range of energy resources, including the Vaca Muerta shale formation which contains the world’s second largest unconventional natural gas and fourth largest unconventional petroleum reserves. The
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Enverus Acquires BidOut, AI-powered procurement platform provider
Enverus, an energy-dedicated SaaS company that leverages generative AI across its solutions, has acquired BidOut, an AI-powered procurement platform specializing in requests for anything (RFx). BidOut, founded in 2020 and headquartered in Houston, empowers buyers to source bids from multiple suppliers by streamlining the RFx creation process, a process that has traditionally taken multiple days to
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Honeywell Unveils Emissions Monitoring Solution For Offshore Oil & Gas
Honeywell’s Emissions Management Suite offers near real-time visibility for platform operations, enabling rapid response to emissions events Honeywell’s Emissions Management Suite offers near real-time visibility for platform operations, enabling rapid response to emissions events. Methane emissions from offshore oil and gas platforms pose a substantial environmental challenge. Studies have shown that methane loss rates from
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Chevron Announces Headquarters Relocation and Senior Leadership Changes
Chevron has announced the relocation of the company’s headquarters from San Ramon, California, to Houston, Texas, and senior leadership changes. The company’s headquarters will move from San Ramon, California, to Houston, Texas. Chevron Chairman and CEO, Mike Wirth, and Vice Chairman, Mark Nelson, will move to Houston before the end of 2024 to co-locate with
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Halliburton and Armada exploring edge computing’s potential in oil & gas arena
Landmark, a business line of U.S.-headquartered oilfield services giant Halliburton for data-driven tech solutions and services in the oil and gas industry, has signed an agreement with compatriot edge computing platform Armada aiming to help the former maximize its features. The duo has signed an iEnergy partner agreement, allowing Armada to join Halliburton’s iEnergy Ecosystem,
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SLB and TotalEnergies announce a 10-year partnership for next-generation digital solutions
SLB and TotalEnergies today announced a 10-year partnership to co-develop scalable digital solutions for enabling access to energy resources, with improved performance and efficiency. The partnership establishes a flexible framework for the companies to work together on addressing key challenges across the energy value chain, including carbon capture, utilisation, and sequestration (CCUS). The companies will
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