In reaction to the social and economic roller coaster initiated by Covid-19, operators of the Oil & Gas industry have taken actions to adapt their strategies. Some have delayed projects, others have rushed projects to restore their market share and take advantage of lower prices in retendering contracts.
Covid-19 impacts on Oil & Gas : Operators and Long Term PART 2 Read More »
The Covid-19 crisis has been shaking the world and the Oil & Gas indutry for the past few weeks, putting all businesses to an halt.
While some countries are emerging from quarantine situation, companies are having hard time evaluating the impacts to their environement, wondering what should we do next?
Covid-19 impacts on Oil & Gas : short and mid term PART 1 Read More »
Once the context awareness done, the question is no more “if” but “how” should the Oil & Gas industry turn digital.
For this purpose we designed a simple list to breackdown and categorize all the Use Cases from digitalization applicable to Oil and Gas operations.
The Texas Railroad Commission (RRC) finds itself at the center of the global policy for balancing the oil production with the current consumption as the only legal authority in US having the power to regulate Texas production. Without an agreement among the US producers in Texas, the global price war with Saudi Arabia and Russia will continue until one of the player is giving up the game. But can the RRC really do it?
On Friday April 10th, the OPEC members and the non-OPEC oil producing countries, the so-called OPEC+, signed an agreement to cut the crude oil production by 9.7 million barrels per day (b/d).
All crises are creating threats and opportunities, but the accumulation of a double crisis in energy prices and pandemic Covid-19 generates a unique situation.
In this unusual context, we try to evaluate the consequences of this double crisis on the Oil & Gas and Petrochemical market, especially the areas under threats and in opposite way where we should see opportunities.
Barrel Price and Covid-19 Impact on Oil & Gas and PetroChemicals Projects Read More »
Whereas automation had clear applications in both manufacturing and processing industries, robotization was left behind when talking about the process industry.
Today, robotization is making a come back on the edge of the scene in the Oil and Gas world thanks to digital technologies.
In August 2016, Eni and ExxonMobil signed an agreement by which Eni will sell 25% stake into the onshore LNG project and transfer the operator role to the US major ExxonMobil. Eni kept the operator role for the development of its offshore fields.
Augmented Reality and Virtual reality, often shortened as AR and VR, are two technologies which have been developped along the last decade with technological similarities but serving different purposes, especially for the industry
The LNG eldorado of Yamal Gydan Peninsula Novatek has huge reserves on the Gydan peninsula, namely the Geofizicheskoye and Utrenneye fields, which combined hold some 7 billion barrels of oil equivalent (boe) of C1+C2 reserves, which is comparable to those of South Tambeyskoye field, the base for Yamal-LNG. The Geofizicheskoye and Utrenneye fields may generate
