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Technology & Innovation

First discovery of live oil onshore Jamaica

CGG GeoConsulting and the Petroleum Corporation of Jamaica (PCJ) have announced the discovery of two independent live oil seeps from different parts of the island of Jamaica. This significant find marks the first documented occurrence of ‘live’, or flowing, oil from onshore Jamaica and will be of particular interest to oil explorationists focused on Central America and the Caribbean. The oil seeps were found during fieldwork for a recently completed

NERA to provide significant funding for new oil and gas industry projects

SEVEN innovative oil and gas-related projects are to receive funding support from the Australian Government’s energy resources industry growth centre, NERA NERA has announced funding of $2.1 million for a range of national projects, aimed at improving the global competitiveness of the energy sector, by addressing key industry issues relating to sustainability, efficiency and diversity. The projects are expected to leverage an additional $2.4 million in industry funding, bringing the

Survey Says: More Oil Producers Moving Toward a Risk-based Approach for Asset Life Extension

Producers have discovered that a risk-based inspection approach can cut costs if it’s implemented properly, says an OGIQ survey. Now, it’s a matter of increasing the adoption rate. By Anne-Marie Walters         While the low price of oil is providing relief to consumers at the gas pump, pressure is being put on offshore oil producers in this current economic environment to get more life out of the

ABB to pioneer microgrid solution for  installation on Woodside platform

ABB will provide Woodside, Australia’s largest independent oil and gas company, with a PowerStore Battery storage system that is capable of remote management of operations and service. The system will be installed on the Goodwyn A platform. This innovative ABB solution will contribute to Woodside’s 2020 goal of reducing carbon emissions and will also help lower their cost of operations and maintenance. The Goodwyn A offshore production platform is located

Energy companies struggling to counter IoT security risks, finds research

While the majority of energy companies are turning to the Internet of Things (IoT) to help them meet growing demands for power and operate with greater efficiency, too many lack the security procedures to successfully deploy IoT solutions. This is according to the latest research from Inmarsat (ISAT.L), which found that more than half of global energy businesses do not have the skills and understanding required to combat the security

CleanSubSea allows large vessels to be cleaned in the water

WESTERN Australian company CleanSubSea is preparing to launch a revolutionary new hull cleaning technology, called Envirocart. A fully enclosed capture and containment hull cleaning technology, Envirocart cleans the hulls of large vessels while in the water. According to the product’s developers, Envirocart has the potential to generate scores of new jobs and attract hundreds of millions of dollars to the WA economy. The Envirocart technology is the first proven system

Bentley fast-tracks digitalisation of design integration

Bentley Systems’ founder Keith Bentley used the company’s Year In Infrastructure event to announce what he believes is a major breakthrough in digitalisation of design integration. Mr Bentley told a record crowd at the Singapore event that the company’s “iModel 2.0” cloud platform and its first new service, iModelHub, qil accelerate “going digital” for users of its ProjectWise Design Integration services. He told attendees that without requiring changes to existing

The Oil and Gas Roadmap – unlocking future growth opportunities for Australia

NERA (National Energy Resources Australia) and CSIRO have presented Australia’s oil and gas industry with pathways to capitalise on advances in robotics, automation and artificial intelligence to shore up its position as a global powerhouse for the decades ahead. “Oil and Gas – A Roadmap for unlocking future growth opportunities in Australia” outlines science and technology-based high impact pathways to address some of the major challenges and uncertainties currently facing

Siverhorse’s Completions Connect chosen for FPSO contracts

SILVERHORSE Technologies has secured two new contracts with Upstream Production Solutions (UPS) and PTTEP Australasia (PTTEP AA) for its hazardous area inspection technology. The Perth-based company will provide UPS with its Completions Connect technology platform to support the management and execution of hazardous area inspections for the Northern Endeavour FPSO. Silverhorse has also implemented Completions Connect to manage hazardous area inspections for the PTTEP AA’s operated Montara FPSO. The Completions

Critical Supply Chain and Procurement Strategies in the era of low oil prices

By Vinodkumar Raghothamarao, Director Consulting, Energy Wide Perspectives & Strategy, IHS Markit EMEA OIL and Gas companies operate in dynamic and complex environments, where they face constant supply and demand challenges. Now with the oil prices hovering at 50$ range, the need of the hour is to evaluate the supply chain and procurement techniques and costs. Oil and gas companies need to focus not only on their product supply chains,