Upstream

Geoteric announces the release of their new AI service offering

Submitted by Editorial staff on 4th June 2019

04th June 2019

Geoteric announced the launch of its integrated intelligence service offering, which leverages the power of artificial intelligence (AI) to assist the seismic workflow.

Internationally recognised behavioural psychologist joins OPEX Group

Submitted by Editorial staff on 22nd May 2019

22nd May 2019

An Aberdeen-based provider of predictive analysis services has appointed a leading behavioural psychologist and people analytics expert to support the development of a new safety-focused service for the oil and gas industry.

Future Oil & Gas event grows in 2019 and announces Technology Innovation Showcase agenda

Submitted by Eva Brynjulfsen on 29th April 2019

29th April 2019

The crucial role of technology and innovation in the oil and gas sector will come under the spotlight at the 2019 Future Oil & Gas conference and associated Technology Innovation Showcase.

WorleyParsons adopts new brand Worley, following Jacobs ECR acquisition

Submitted by Editorial staff on 29th April 2019

29th April 2019

WorleyParsons has announced it is adopting a new brand, Worley, following the successful completion of the A$4.5 billion acquisition of Jacobs Energy, Chemicals and Resources division (Jacobs ECR).

ExxonMobil adds 4.5 billion barrels to reserves

Submitted by Editorial staff on 27th February 2019

27th February 2019

Higher prices and unconventional drilling drive proved reserves additions Reserves life at current production rates is 17 years Continuing success in exploration and strategic acquisitions in Guyana and Brazil add high-quality resources

Smoother sailing ahead for upstream supply chain players

Submitted by Editorial staff on 6th February 2019

06th February 2019

Challenges remain as deepwater sector regroups after downturn according to global natural resources consultancy Wood Mackenzie.

BP invests in new artificial intelligence technology

Submitted by Editorial staff on 28th January 2019

28th January 2019

BP Ventures has invested $5 million in Belmont Technology’s Series A financing to further bolster BP’s artificial intelligence (AI) and digital capabilities in its Upstream business.

Tracero launch HyperionTM for bulk level and density measurements

Submitted by Editorial staff on 22nd January 2019

22nd January 2019

Tracerco has added to its award-winning range of advanced nucleonic instrumentation by announcing the launch of HyperionTM. Designed using innovative scintillator based technology, HyperionTM is a non-contact, no moving parts measurement solution that provides accurate and extremely reliable bulk level and density measurements.

Gas and condensate discovery south of the Kristin field

Submitted by Editorial staff on 16th January 2019

16th January 2019

Equinor has, together with its partners Petoro, ExxonMobil and Total, proven gas and condensate in the Norwegian Sea Ragnfrid North (6406/2-9 S) exploration well.