R&D

This is the final article in our three-part series exploring the American Petroleum Institute’s (API's) standards development process. In this final article, we turn our attention to the final stages of this process: the approval, publication and ongoing maintenance of a standard.

Enverus industry analysts have released a summary of 3Q24 upstream M&A activity, with the pace of deals significantly slowing in the third quarter of 2024 to just $12 billion in announced deals.

Standards development follows a structured and systematic process, ensuring the highest quality and likelihood of implementation by industry and regulators worldwide. World Oil recently spoke with Paula Watkins, API Senior Director of Standards Development, to gain insights into the intricacies of the standards development process, the role of international collaborations, and the challenges along the way.

Offshore Energies UK (OEUK) is set to launch a research tool which will provide governments, skills bodies, and the energy industry in the UK with the information needed to have the right people with the right skills in place at the times and locations where they are needed.

Ahmed Al Jaber, chief executive of Abu Dhabi National Oil Company (ADNOC), called for maximum energy with minimum emissions to ensure global energy security in his opening address at the 38th edition of the Abu Dhabi International Petroleum Exhibition Conference (ADIPEC).

Equinor has become the first oil and gas operator to utilize a rolling ultrasound scanner to reveal the internal state of concrete structures that are part of offshore platforms.

Schlumberger has entered into an agreement with RTI International, a nonprofit research institute, to accelerate the industrialization and scale-up of its proprietary non-aqueous solvent technology, which enhances the efficiency of absorption-based carbon capture.

Schlumberger announced it has entered into a partnership with Gradiant, a global water solutions provider, to introduce a key sustainable technology into the production process for battery-grade lithium compounds.

Salunda Limited announced an exclusive license agreement with Transocean to make, develop and sell HaloGuard®, the offshore drilling industry’s first safety system that integrates camera and sensor technology with drilling equipment and machine controls.

During this 60-minutes workshop, we will discuss the following: 1) "Everything You Need to Know about Flaring in 2022", presented by TJ McIntrye, Upstream Account Director and Irvin Schwartzenburg, Applications Engineer for Flow Products from SICK. 2) "Eco-Conscious Hydraulic Fracturing Has Arrived", presented by Seth Moore, Co-founder, Executive Vice President & Chief Operating Officer from Catalyst Energy Services and Tony McLain, Vice President of Sales from GD Energy Products.

KBR is launching a study to develop a carbon-neutral, green ammonia-based system to power a semi-submersible drilling unit owned by Odfjell.

Energy services provider Expro is leading industry efforts to meet environmental targets with the development of a digital technology that can help drilling contractors and operators cut an estimated 146 tons of CO2 emissions annually – the equivalent of 58 transatlantic flights.

Geothermal operators are facing several technical challenges that need to be tackled to ensure that geothermal wells are reliable on the long-run and optimized in terms of heat supply efficiency. The premium solutions (material, grades and services) that have been used for decades in Oil & Gas activities show promising results in enhancing geothermal wells’ reliability and performance. However, specific evaluations need to be performed to guarantee their compatibility. In this webcast, Maximilien De Maisonneuve and François Penven, in charge of the Geothermal division at Vallourec, will introduce how available technologies at Vallourec can help geothermal operators meet challenging scenarios as well as to ensure their projects’ cost effectiveness. These solutions will be illustrated by some real business cases. Finally, the speakers will also shed some light on what the future of tubular solutions could look like for the next generation of geothermal wells.

Recently introduced digitalization and automation technologies are enabling better performance on new build and retrofitted rigs.

A recent ultra-deepwater giant drillships build resulted in two drillships that have the first-ever 20,000 psi well control system equipped with two 20,000 psi blowout preventers.

ONS announced the finalists for its 2022 Innovation Awards on Tuesday, saying the competition was fiercer than ever.

During this 60-minute workshop, we will discuss the following: 1) No Pressure — Learn More About Spontaneous Imbibition presented by Dr. Aaron Sanders, Technical Director of Oilfield Solutions from Stepan Oilfield Solutions. 2) Oilfield Chemistry — the Move from Design to Application presented by Brian Price, Vice President- Technology from Rockwater Energy Solutions

With global costs of corrosion estimated at $2.5 trillion, the project aims to significantly enhance detection and monitoring methods of microbiologically influenced corrosion.

A4I gives UK companies of any size access to the UK’s top scientists and most advanced facilities, techniques and technologies in the world. It aims to boost productivity and competitiveness by helping companies to solve problems in innovative ways.

GD Energy Products, a total solutions provider for the drilling, well servicing and frac pumps market, has partnered with Texas Pump Systems to develop innovative pumps for a large offshore floating production storage and offloading facility.

Half-year data points for the offshore market released by Clarksons Research, profiling improving activity, utilization and day rates across the offshore oil and gas market, show the overall index is up 17%.