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
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 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 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
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
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
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
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
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 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