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AI Solutions for the Oil and Gas Industry with Changsu Lee of Allganize
Changsu Lee has spent his career working on the front edge of innovation. Educated in South Korea at the Korea Advanced Institute of Science and Technology, where he holds a master’s degree in computer science, Lee is currently the founder and CEO of Allganize, an AI (Artificial Intelligence) document understanding platform. “This (Allganize) is
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OMV and Cognite Extend Collaboration to Accelerate Digitalization Transformation Program
An agreement has been reached to extend and accelerate a digitalization transformation program. According to a news release, Norwegian software as a service company Cognite announced an extension of its long-term frame agreement with OMV, the international, integrated oil, gas, and chemicals company headquartered in Vienna, Austria. Using Cognite’s Industrial DataOps platform, Cognite Data Fusion,
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Shell Makes The Case for 3D Printing in the Oil & Gas Industry
According to 3dprint.com, Oil & gas majors are at what is perhaps the greatest crossroads in their history, with the largest fossil fuel conglomerates bringing in record profits, receiving record amounts of social and political backlash, and facing unprecedented uncertainty in terms of both supply and demand. Beyond the oft-discussed windfall taxes by governments, and
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Dr. Sultan Al Jaber Wants the Oil Sector to Lead on Climate
According to a recent article in Argus Media, Dr. Sultan al-Jaber, Chief Executive of Abu Dhabi National Oil Company (ADNOC) who will chair the UN Cop 28 climate conference later this year, highlighted that the oil and gas industry has a special responsibility for addressing climate change and promoting decarbonization of the global economy. “Alongside
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Acteon Launches Cloud-Based Platform for Offshore Energy Subsea Assets and Data
The offshore energy industry could now have a method to monitor subsea assets in a new way. According to Offshore Energy, Acteon, through its geo-services brand UTEC, has launched a cloud-based platform that gives the offshore energy industry a 360° visualization of subsea assets and data. Designed to meet the needs of the offshore renewable
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Santos Advances Project to Produce Carbon-Neutral E-Methane
A major oil and gas company has advanced a significant partnership moving toward carbon neutrality. According to Offshore Energy, Santos Energy Solutions, an energy transition business of Australian oil and gas company Santos, has agreed to a deal with Osaka Gas Australia (OGA) to advance its project for producing carbon-neutral e-methane from green hydrogen. Santos
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DOE Invests $47 Million to Reduce Methane Emissions From Oil and Gas Sector
The Biden administration just made a major investment in methane reduction. According to an announcement from the Department of Energy, the DOE announced nearly $47 million in funding for 22 research projects. These projects are intended to progress the development of new technologies to help detect, quantify, and reduce methane emissions across the oil and
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Indonesia Requests Oil and Gas Operators to Install Carbon Capture Facilities
A Southeast Asian country is making a major move toward decarbonization. According to Reuters, oil and gas companies working in Indonesia are being urged to install carbon capture facilities in their working areas, the Energy Ministry said. While rich in resources, Indonesia is also one of the world’s biggest greenhouse gas emitters. The government said
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Floating Solar PV Plant Completed in Austria
A major solar energy project was recently completed in Europe. According to Energy Monitor, ECOwind, a subsidiary of German renewables developer BayWa r.e., and Austrian energy supplier EVN recently finished constructing an expansive floating solar photovoltaic (floating PV) plant in Grafenwörth, Lower Austria. “We are in the decade that matters,” said Benedikt Ortmann, global director of solar projects at BayWa r.e., in a
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Chevron Enters Agreement with Norwegian Tech Firm to Digitize Global Assets in Multi-year Deal
An oil and gas major is taking another significant step toward digitalization. According to Offshore Engineer, Kongsberg Digital has entered an agreement with Chevron Technical Center, a division of the U.S. oil major Chevron, to digitize its global assets using Kongsberg Digital’s digital twin technology. The agreement includes a multi-year commitment. “We are extremely pleased
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Eni, ADNOC Create Partnership for Carbon Capture, Hydrogen, and Decarbonization Projects
Eni and ADNOC have struck a deal for future energy transition and decarbonization projects. According to World Oil, Eni CEO Claudio Descalzi and UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO Sultan Ahmed Al Jaber signed a Memorandum of Understanding summarizing a framework of collaboration for future projects on
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Scope 3 Emissions and Supplier Transparency with Brandee Fernandez of Baker Hughes
Brandee Fernandez has worked in multiple industries during her career, but no matter the field, she has always searched for ways to improve supply chains. After graduating from the University of Wisconsin-Whitewater, Fernandez began her career as a supply chain manager with a boat engine manufacturing company called Mercury Marine. She later moved on to
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