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BPCL develops novel technology for quality testing of crude oil
April 6, 2020

BPCL develops novel technology for quality testing of crude oil

Indian downstream major, Bharat Petroleum Corp Ltd has devised a novel technology to test the crude oil quality at a minimal cost and time. The current method requires lengthy lab tests. The newly developed technology is called BPMarrk, engineered to optimize varied properties from the crude. A 'crude horoscope predictor tool', BPMarrk has a number of patents including those from the US and the EU.

Santos & BP ink agreement for investment in Moomba CCS project
March 5, 2020
Source: PV Magazine

Santos & BP ink agreement for investment in Moomba CCS project

Australian E&P major, Santos has inked a non-binding agreement with oil supermajor, BP which will pave the path for A$20 million investment in Australia's Moomba carbon capture and storage (CCS) project. The project aims at capturing 1.7 million tonnes of carbon dioxide currently separated from natural gas at the Moomba gas processing plant each year. This captured carbon will be then reinjected into the same geological formations.

TGS announces completion of carbon capture storage assessment study in Canada
March 3, 2020
Source: World Oil

TGS announces completion of carbon capture storage assessment study in Canada

TGS has completed its study of carbon capture storage in Canada for a major oil and gas company. This study helped TGS understand the latest geological carbon storage locations onshore and offshore. Its collaboration with Canadian Discovery Limited (CDL) provided with world-class basin evaluation expertise, subsurface data library, and geological knowledge. The activity was carried out throughout British Columbia and led to the creation of framework for carbon storage assessment.

Oil companies are struggling to scale digital technologies, says Accenture
Feb. 20, 2020
Source: World Oil

Oil companies are struggling to scale digital technologies, says Accenture

A recent survey by Accenture on “Accenture Upstream Oil and Gas Digital Trends Survey 2019” reveals that cybersecurity is the main focus of upstream oil and gas companies’ digital investments. The report also says that though the focus is set, the companies are still finding it difficult to scale digital technologies and unlock additional value. The second biggest focus was identified as cloud technologies.

IDEX buys out Flow Management Devices LLC
Feb. 12, 2020
Source: World Oil

IDEX buys out Flow Management Devices LLC

Illinois-based IDEX Corporation has inked a definitive agreement to purchase the flow measurement system provider, Flow Management Devices, LLC (Flow MD) for cash consideration of $125 million. Flow MD’s calibration products have been saving on enormous payment discrepancies for customers where slight inaccuracies in flowmeter measurements at transfer points. Flow MD made an annual sales of ~$60 million last year, and will join IDEX’s energy group.

IOCL Mathura becomes the first Indian refinery to supply BS-VI compliant fuels
Feb. 10, 2020

IOCL Mathura becomes the first Indian refinery to supply BS-VI compliant fuels

"Oil guzzler, Indian Oil Corporation yesterday informed about completing the revamp of its all units to produce BS-VI grade fuels at its Mathura refinery. The revamp comes months ahead of the deadline for the rollout of newer emission norms from April 2020. With the revamp operations now complete, IOCL Mathura Refinery has become the first refinery in India to supply BS-VI compliant fuels, containing less than 10 ppm sulphur."

Chevron evaluates the potential of CO2 technologies
Feb. 7, 2020
Source: World Oil

Chevron evaluates the potential of CO2 technologies

Chevron Technology Ventures (CTV) is performing a pre-FEED study for the trial of carbon-capture technology in its operations. Together with Svante Inc, the company will evaluate the feasibility and design of a 10,000 ton per year carbon capture unit at its facilities in California. “At Chevron, we believe our industry is well-positioned to help commercialize carbon capture, utilization and storage technologies that will be essential for the energy transition”, said CTV.

Saudi Aramco joins blockchain-based trading platform, VAKT
Jan. 29, 2020

Saudi Aramco joins blockchain-based trading platform, VAKT

Oil supermajor, Saudi Aramco has bought into the blockchain-based trading platform Vakt through Saudi Aramco Energy Ventures, with $5 million in new shares. The platform, which will be used by Aramco Trading Co, specializes in post-trade processing. VAKT focuses on the key North Sea crude oil grades. The blockchain-based platform has a big founder list including oil majors BP, Equinor and Shell, and others.

Myanmar's Minister stresses over the use of technology to boost fuel production
Jan. 28, 2020
Source: Eleven Media

Myanmar's Minister stresses over the use of technology to boost fuel production

Myanmar's Union Minister for Electricity and Energy last week laid emphasis over increasing yield from onshore oil and gas fields using modern technology as the production dips from the fields. Speaking at a coordination meeting, the union minister stressed over the need to repair and upgrade the current oil refineries and construct more petrochemical factories to generate enough fuels. Production from Myanmar's oil fields has decreased over 90%.

Stress Engineering acquires Laserstream
Jan. 14, 2020
Source: World Oil

Stress Engineering acquires Laserstream

Houston-based Stress Engineering Services has purchased Texas-based Laserstream, a company specializing in laser mapping of tubular assets. The acquisition will gain Stress Engineering the ownership to high-resolution pipe ID scanning hardware and imaging software while enhancing its competencies within upstream, midstream, downstream, aerospace, consumer and medical services. With the acquisition, SES will be able to capitalize on Laserstream’s state-of-the-art equipment, to combine with its laboratories and service offerings.

Researchers create advanced drilling advisory system
Jan. 10, 2020
Source: World Oil

Researchers create advanced drilling advisory system

The United States Department of Energy Small Business Innovation Research Program has presented a Phase I grant to E-Spectrum Technologies and Dr. Eduardo Gildin of Texas A&M University. The grant will be used in creating an advanced advisory system that precisely portrays the underground circumstances in real-time during drilling operations. E-Spectrum currently deploys algorithms to collect and filter data from bit vibrations, speed or sound changes, and temperature or pressure changes.

Nissan Chemical nanoparticle treatment provides EOR results
Jan. 8, 2020
Source: World Oil

Nissan Chemical nanoparticle treatment provides EOR results

Houston-based Chemicals manufacturer, Nissan Chemical America Corporation (NCA) has joined hands with industrial gas suppliers, Messer Americas, to enhance oil and gas production. The two firms have collaboratively developed a treatment, nanoActiv HnP—an energized, fast turnaround style “Huff ‘n Puff”— which incorporates nanoActiv with a CO₂ or N₂ gas application method to enhance oil and gas recovery.

S&P Platts begins world’s first hydrogen price assessment
Dec. 20, 2019

S&P Platts begins world’s first hydrogen price assessment

S&P Global Platts yesterday informed about publishing the first-to-market suite of hydrogen price assessments. Platts’ hydrogen price assessments will indicate the value of hydrogen produced at hubs in the significant regions of consumption across the US and Europe. Platts is also looking to assess other additional prices in other geographies, including Asia. S&P Platts is an independent provider of information and benchmark prices for the commodities and energy markets.

Honeywell buys out Rebellion Photonics
Dec. 17, 2019

Honeywell buys out Rebellion Photonics

American conglomerate, Honeywell has purchased Rebellion Photonics, a Houston-based provider of innovative, intelligent, visual gas monitoring solutions. Rebellion Photonics’ real-time monitoring platform allows plant operators to visually identify and quantify gas releases. Rebellion will become acquired into Honeywell’s Safety and Productivity Solutions business, which offers an array of gas detection technologies, safety gear, mobility solutions and software to ensure worker's safety and productivity.

Zhejiang Petrochemical unveils mega reformer unit
Dec. 12, 2019
Source: Reuters

Zhejiang Petrochemical unveils mega reformer unit

China’s Zhejiang Petroleum & Chemical Co yesterday informed about launching a 3.8-million-tonne-per-year reformer unit earlier this month at its new mega refinery and petrochemical complex in East China. Claimed to be the world’s single-largest facility of its kind, the unit will process naphtha into aromatics. The Zhejiang Petrochemical complex also consists of a second 200,000-bpd crude unit, a 1.4 million-tpy ethylene and a 4 million-tpy paraxylene plant.

AMC launches a new anti-foul coating solution
Dec. 5, 2019

AMC launches a new anti-foul coating solution

Aquarius Marine Coatings (AMC) has introduced a new anti-foul coating solution for offshore oil and gas. Coppercoat-Commercial has high levels of copper and is a natural anti-microbial agent. It will effectively protect sub-sea infrastructure from hosting layers of plant, animal and microbe growth. This coating does not contain any volatile organic compounds and offers protection against degradation forms.

Rovco launches live 3D streaming technology
Dec. 3, 2019
Source: World Oil

Rovco launches live 3D streaming technology

Rovco, a subsea technology company has launched a new product called “SubSLAM Live”. It is 3D streaming technology which will allow clients to live stream 3D underwater point clouds to any device in the world. “The model is compressed and progressively sent over a low-bandwidth <256Kb network link to a cloud server along with the ROV's position", says Rovoco's CSO.

Tyra field monitoring work awarded to Emerson
Nov. 26, 2019

Tyra field monitoring work awarded to Emerson

Emerson Automation Solution has secured the monitoring contract for the Tyra gas field redevelopment project from Total E&P Denmark. Emerson will deploy its wellhead pressure monitoring technology to the gas field in the North Sea, in order to improve safety during the project redevelopment. Total initiated the redevelopment of the facility due to seabed subsidence.

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