Technology & Innovation

Wood launches next phase of local industry collaboration into subsea equipment reliability

Wood has announced the next phase of a collaborative industry effort to develop a better understanding of the reliability of subsea equipment for use offshore Australia. The company is leading the Subsea Equipment Australian Reliability Joint Industry Project (SEAR JIP); an initiative supported by a group of operators including Chevron, ConocoPhillips, Quadrant and Woodside. The project is focused on collaboration and knowledge sharing in order to improve subsea equipment design

Oil and gas companies embracing the new energy era

The drive towards a low-carbon future – catalysed by the Paris Agreement, and coupled with a series of socio-economic and technological trends – is leading many in the oil and gas industry to fundamentally reimagine what the energy company of the future looks like, according to a new paper from Deloitte. ‘Hydrocarbons to electrons – Crossing the chasm to the new energy future’ examines how oil and gas companies are

Well Intervention and P&A market booms in the Asia Pacific

With the well intervention market expected to grow globally from an estimated US$8.18 billion in 2017 to US$9.85 billion by 2022, the Asia Pacific is one of the region set to most benefit from this wave of activity as it combines all threw factors driving the upsurge: a rise in energy demand, an increase in oil & gas production and a need to revitalise ageing fields. The Asia Pacific region

Hamilton on hand to steer PETRONAS’ Australian Syntium launch

FOUR-time Formula One champion racing driver Lewis Hamilton was centre stage when Malaysian oil and giant PETRONAS launched a new product into the Australian market this week. Hamilton and a team of senior PETRONAS exectives used the upcoming Melbourne round of the Formula One championships to  Lubricants International (PLI) to their premium motor oil lubricant, PETRONAS Syntium with CoolTech, in Australia. Highlighting the fact that the same lubricant will be used

Australian start-up uses cognitive services to save time and money in the energy industry

AUSTRALIAN start-up Obzervr is using smartphone technology and Microsoft Azure Cognitive Services to trim costs for the oil and gas industry, as part of its debut at the AOG 2018 Exhibition and Conference. Obzervr created “Humans of AOG,” an interactive data experience to demonstrate this powerful technology. Using cognitive services, the software visualises participants’ energy level, mood, age and other statistics in context. This creates a visual story of the

SUPPLYLITE launches Supply Chain Management Visualisation Platform at AOG 2018

SUPPLYLITE today launched its cloud-based supply chain management visualisation platform at the AOG 2018 Exhibition and Conference in Perth. It adds to a growing list of new SupplyTech solutions that are using technology to reduce the cost of operations and provide increased visibility to support collaborative decision making. SUPPLYLITE is a Software as a Service (SaaS) modelling and task-based operations platform that tackles supply chain challenges across oil, gas, construction

Combine & Conquer – Unlocking the power of digital at AOG

MANY of the business leaders attending the AOG conference understand the power of digital. They see the potential for digital technologies to bring about transformation and growth. And many are making big investments in a wide variety of cutting-edge technologies. But many simply aren’t getting the most out of their digital investments. What’s the evidence? A recent Accenture survey explored how companies deploy digital technologies and the benefits they derive

A river becomes an ocean…Australia’s LNG marine fuel opportunity

With the prospect of an oversupplied global liquefied natural gas (LNG) market, more gas supply anticipated and weak LNG pricing in the coming years, identifying new outlets for gas is becoming mission critical for LNG producers. And one of the biggest opportunities over the next decade is in transportation.
LNG as a heavy-duty truck fuel is still in its infancy, but on a parallel (and accelerating path), it is also being

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