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bp looks to leverage power of generative AI with Copilot for Microsoft 365
bp has announced that it will be expanding the use of generative AI to enhance its global employee experience through the use of Copilot for Microsoft 365. bp is one of the first companies globally to act as a launch partner for the ‘intelligent AI assistant.’ bp will be able to roll out access at
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CNOOC and Bureau Veritas sign a strategic cooperation framework agreement
The agreement includes scientific and technological innovation in offshore oil and gas engineering and construction, green and low-carbon transformation and development, LNG and new energies, and mid- and downstream industries The China National Offshore Oil Corporation (CNOOC), the largest offshore oil and gas production operator in China, has signed a strategic cooperation framework agreement with
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Baker Hughes unveils Druck hydrogen pressure sensor tech
Baker Hughes has introduced its latest hydrogen pressure sensors, signaling its entry into the hydrogen market. The technology, known as the Druck hydrogen-rated pressure sensors, provides long-term stability while remaining resilient in challenging environments. The hydrogen pressure sensors find utility across diverse applications, such as gas turbines, hydrogen production through electrolysis and hydrogen refueling stations.
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Petrobras to receive OTC award for new well technology
Petrobras PBR will receive the 2023 OTC Brasil Distinguished Achievement Award for its development of a new well construction/intervention technology that combines a moored BOP (blowout preventer) with real-time riser analysis. This award is important because it recognizes PBR’s significant contributions to the development of innovative well technology in the global offshore industry. The award
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Equinor selects Nauticus Robotics for leak detection technology
According to Offshore Technology, Equinor, a Norwegian state-backed oil and gas company, has selected Nauticus Robotics and its partner Stinger Technology to deploy Nauticus’ proprietary technology for leak detection. US-listed Nauticus is developing ocean robots and artificial intelligence for autonomous services to the marine sectors. The deal aims to demonstrate and qualify Nauticus’ leak detection
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Baker Hughes wins significant gas technology contract to support Equinor project offshore Brazil
According to World Oil, Baker Hughes has been awarded a significant order, to be booked in the second quarter of 2023, by MODEC to supply gas technology equipment for the BM-C-33 project in the Brazilian pre-salt Campos area. The project is developed by Equinor with partners Repsol Sinopec Brasil and Petrobras. The order comprises of
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Harnessing AI and big data for enhanced reservoir management: strategies and applications
According to EnergyPortal.eu, the oil and gas industry has faced numerous challenges in recent years, including fluctuating oil prices, growing environmental concerns, and the need to optimize production and reduce costs. Companies increasingly turn to innovative technologies such as artificial intelligence (AI) and big data analytics to overcome these hurdles. By harnessing the power of
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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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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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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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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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