Innovative Thinkers ///

OTC announces 2020 Spotlight on New Technology Awards recipients

The Spotlight on New Technology Award recognizes companies that have created new and advanced technologies that play a role in advancing the offshore oil and gas sector into the forthcoming years.

Trendsetter Vulcan Offshore experts collaborate to develop coronavirus PPE

Trendsetter Vulcan Offshore (TVO), a developer of innovative solutions for the offshore industry, has collaborated with local pulmonary and critical care physician Luis E. Chug, MD, to introduce personal protective equipment (PPE) for healthcare workers fighting the coronavirus pandemic.

ExxonMobil joins COVID-19 fight, helping develop multi-use PPE for clinical settings

ExxonMobil is applying its deep knowledge and experience with polymer-based technologies, in partnership with the Global Center for Medical Innovation, to facilitate development and expedite third-party production of innovative safety equipment that can be sterilized and worn multiple times.

‘Smart water’ may help maximize reservoir production

Jeff Falk, Mike Williams, Rice University

Scientists at Rice University’s Brown School of Engineering show that microscopic saltwater droplets emulsify crude oil when each has the right composition. Understanding how they combine is important to enhanced oil recovery.

Texas A&M researchers create advanced drilling advisory system that opens door to autonomous drilling

The U.S. Department of Energy Small Business Innovation Research Program has awarded a Phase I grant to E-Spectrum Technologies and Dr. Eduardo Gildin, associate professor in the Harold Vance Department of Petroleum Engineering at Texas A&M University, to create an advanced advisory system that accurately depicts underground conditions in real time during drilling operations.

Shell and Rice University partner on hydrocarbon-based zero-emissions technologies

Rice University has launched Carbon Hub, a major research initiative to create a zero-emissions future in which oil and natural gas provide both clean energy and advanced materials that help house, move, clothe and feed people.

Petroleum Economist reveals 2019 awards winners

Honoring the global energy industry's most successful firms, projects and innovations, Petroleum Economist has announced the winners of its 2019 Petroleum Economist Awards in 10 categories. Additionally, five awards were given to outstanding individuals for their industry contributions.

Hunting to seek innovative partnership opportunities at its Stavanger TEK-HUB

Hunting’s TEK-HUB is opening the technology initiative in a bid to support energy industry innovators in Europe and beyond.

LAGCOE keynote explores industry’s role in technical and social innovation

Kevin Krausert, president and CEO of Canada’s Beaver Drilling, opened Day Two of the LAGCOE 2019 conference, with the goal of helping the oil and gas industry maintain its long-standing role as a source of both technical and social innovation.

LAGCOE keynote speaker issues rallying call, to earn social license to operate

Kimberly McHugh, vice president of drilling & completions at Chevron, kicked off LAGCOE 2019 Wednesday morning in New Orleans with a reminder that, while the rumors of the demise of the oil industry are greatly exaggerated, companies must adapt to continue to meet the world’s evolving energy needs.

Eaton collaboration with San Jacinto College advances energy industry workforce development in the Gulf Coast

“The energy industry needs a more skilled workforce and the new Center for Petrochemical, Energy, & Technology is designed by industry for industry,” said Dr. Brenda Hellyer, San Jacinto College Chancellor.

API: U.S. supply, global efforts cushion global oil markets after weekend attack

The U.S. energy revolution has fundamentally added to U.S. and global near-term deliverability of oil, natural gas and natural gas liquids, generally helping stabilize the global market against supply disruptions.

Rockwell Automation expands program to help companies with machine safety

“Working with qualified system integrators helps manufacturers keep systems compliant with current standards while improving productivity,” said Lee Lane, vice president and general manager, Sensing, Safety and Connectivity business, Rockwell Automation.

LAGCOE 2019 New Technology Showcase winners

LAGCOE’s New Technology Showcase was created to provide innovative oil and gas businesses with a forum to share new products and services with an industry audience. The winners of this year’s competition will present their innovations at the 2019 LAGCOE Technical Exposition and Conference in New Orleans, October 9-11.

Offshore Europe 2019, Day 4: A new era of innovative thinking

The industry’s efforts to cut costs, reduce working times and improve efficiency have paid off handsomely over the last five years, making previously uneconomic fields viable and boosting the life and output of existing fields.

Offshore Europe 2019, Day 3: North Sea welcomes road map to net-zero oil and gas

SPE Offshore Europe 2019 hosted a breakfast event for the launch of Roadmap to 2035: A Blueprint for net-zero, which sets out how the North Sea industry can support net-zero ambitions while also ensuring the security of the UK’s energy supply.

DNV GL seeks to close gap between risk analysis and “digital twins”

DNV GL proposes the “Probabilistic Digital Twin” (PDT) to close the gap between digital twins – used increasingly by operators to manage the performance of their assets – and risk analysis still largely conducted manually before assets enter service.

Shell leads Big Oil in the race to invest in clean energy

Major oil companies are poised to do a record number of clean-energy deals this year, with Royal Dutch Shell leading a group of European companies that are well ahead of their U.S. rivals.

Craig International seeks to reduce energy industry’s carbon footprint via smarter procurement

A North Sea market leader in third-party procurement is launching a sustainable approach to sourcing and supplying oilfield products and services, which could have a major impact on reducing the oil and gas industry’s carbon footprint.

Offshore Europe 2019, Day 1: "Breakthrough to excellence – our license to operate"

“It is important to talk about keeping our costs low, pushing the boundaries of innovation, and focusing on excellence in our operations,” says Michael Borrell, conference chair and Total’s senior V.P., North Sea and Russia.