Petroleum industry

Growth Opportunities in Advanced Digital Technologies and Edge Computing for the Oil & Gas Industry, 2021 Report - ResearchAndMarkets.com

Monday, May 17, 2021 - 5:57pm

b'The "Growth Opportunities in Advanced Digital Technologies and Edge Computing for the Oil & Gas Industry" report has been added to ResearchAndMarkets.com\'s offering.\nThis edition of the Oil & Gas TOE features information on the development of inspection robots for performing offshore field inspections with latest measurement tools, the development of casing cement breakers to eliminate the cost intensive approach of plugging and abandonment of used oil fields, and the use of hydrogen powered unmanned aerial vehicles for real-time monitoring of oil & gas pipelines.\nThe TOE also features information on the utilization of edge analytics to reduce cost, enhance productivity, and efficiently manage equipment during upstream, midstream, and downstream oil & gas processing.

Key Points: 
  • b'The "Growth Opportunities in Advanced Digital Technologies and Edge Computing for the Oil & Gas Industry" report has been added to ResearchAndMarkets.com\'s offering.\nThis edition of the Oil & Gas TOE features information on the development of inspection robots for performing offshore field inspections with latest measurement tools, the development of casing cement breakers to eliminate the cost intensive approach of plugging and abandonment of used oil fields, and the use of hydrogen powered unmanned aerial vehicles for real-time monitoring of oil & gas pipelines.\nThe TOE also features information on the utilization of edge analytics to reduce cost, enhance productivity, and efficiently manage equipment during upstream, midstream, and downstream oil & gas processing.
  • It also features information on the development of servers that aid oil & gas operators to analyze exploration activities in an efficient manner.\nThe TOE focuses on innovations associated with the use of software-as-a-service solutions for the digital transformation of oil & gas companies and to monitor its assets in real time to increase safety and efficiency.
  • Use of data analytics for predicting and measuring greenhouse emissions in oilfields, adoption of a cost- effective steam cracking method for regenerating zeolite catalysts used in downstream oil & gas operations, and use of reinforcement-based algorithms for effective forecasting of oil & gas reserves are also profiled in this TOE.\nThe Oil and Gas TOE provides intelligence on innovations pertaining to technologies, products, and processes, along with strategic insights, in the upstream and downstream processes in the oil and gas industry.\nTexas A & M University, US\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210517005772/en/\n'

Enterprise to Participate in Annual EIC Investor Conference

Monday, May 17, 2021 - 12:00pm

b'Enterprise Products Partners L.P. (NYSE: EPD) announced today it will host investor meetings at the Energy Infrastructure Council (\xe2\x80\x9cEIC\xe2\x80\x9d) Investor Conference Tuesday, May 18, 2021 through Thursday, May 20, 2021 in Las Vegas.\nA copy of the slides used in the meetings will be available at 8:00 a.m.

Key Points: 
  • b'Enterprise Products Partners L.P. (NYSE: EPD) announced today it will host investor meetings at the Energy Infrastructure Council (\xe2\x80\x9cEIC\xe2\x80\x9d) Investor Conference Tuesday, May 18, 2021 through Thursday, May 20, 2021 in Las Vegas.\nA copy of the slides used in the meetings will be available at 8:00 a.m.
  • ET Tuesday, May 18 and may be accessed on the Enterprise website at www.enterpriseproducts.com under the Investors tab.\nEnterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals.
  • The partnership\xe2\x80\x99s assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 Bcf of natural gas storage capacity.
  • Please visit www.enterpriseproducts.com for more information.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210517005081/en/\n'

The Worldwide Environmental Remediation Industry is Projected to Reach $158.8 Billion by 2026 at a CAGR of 8.7% from 2021 - ResearchAndMarkets.com

Monday, May 17, 2021 - 10:07am

Development of advanced remediation technologies and continuous expansion of oil & gas industry create a strong demand for environmental remediation for efficient industrial operations in the midst of COVID-19.\nOil & gas application to witness the highest CAGR in environmental remediation market during 2021-2026.\nThe environmental remediation market for oil & gas application is expected to grow with the highest CAGR during the forecast period, because of the high demand for remediation solutions to clean volatile organic compounds in this industry.

Key Points: 
  • Development of advanced remediation technologies and continuous expansion of oil & gas industry create a strong demand for environmental remediation for efficient industrial operations in the midst of COVID-19.\nOil & gas application to witness the highest CAGR in environmental remediation market during 2021-2026.\nThe environmental remediation market for oil & gas application is expected to grow with the highest CAGR during the forecast period, because of the high demand for remediation solutions to clean volatile organic compounds in this industry.
  • Pollution is associated with different stages of oil and gas production including wastewater, gas emission, solid waste, and aerosols generated during production, and refining, as well as during transportation, when spillage of oil and petroleum products make take place.
  • The rising adoption of environmental solutions and services and the presence of major companies have helped the growth of the market in this region.
  • Government initiatives to curb pollution and increase the adoption of environmental solutions and services in the region are also fueling the growth of the market in North America.\n'

STEP Energy Services Ltd. Announces Annual General and Special Meeting Voting Results

Friday, May 14, 2021 - 4:08pm

b'STEP is an oilfield service company that provides stand-alone and fully integrated fracturing, coiled tubing and wireline solutions.

Key Points: 
  • b'STEP is an oilfield service company that provides stand-alone and fully integrated fracturing, coiled tubing and wireline solutions.
  • Our combination of modern equipment along with our commitment to safety and quality execution has differentiated STEP in plays where wells are deeper, have longer laterals and higher pressures.\nFounded in 2011 as a specialized deep capacity coiled tubing company, STEP now provides an integrated solution for deep capacity coiled tubing and fracturing services to exploration and production (\xe2\x80\x9cE&P\xe2\x80\x9d) companies in Canada and the United States (\xe2\x80\x9cU.S.\xe2\x80\x9d).
  • Our Canadian services are focused in the WCSB, while in the U.S., our services are focused in the Permian and Eagle Ford in Texas, the Uinta-Piceance and Niobrara-DJ basins in Colorado and the Bakken in North Dakota.\nOur four core values; Safety, Trust, Execution and Possibilities inspire our team of professionals to provide differentiated levels of service, with a goal of flawless execution and an unwavering focus on safety.\nFor more information please contact:\n'

Schlumberger Appoints Dr. Katharina Beumelburg as Chief Strategy and Sustainability Officer

Thursday, May 13, 2021 - 2:00pm

b'Schlumberger announced today the appointment of Dr. Katharina Beumelburg to the position of Chief Strategy and Sustainability Officer, Schlumberger Limited, reporting to Olivier Le Peuch, Chief Executive Officer.

Key Points: 
  • b'Schlumberger announced today the appointment of Dr. Katharina Beumelburg to the position of Chief Strategy and Sustainability Officer, Schlumberger Limited, reporting to Olivier Le Peuch, Chief Executive Officer.
  • The appointment is effective Monday, May 17.\nAs a member of the executive team, Dr. Beumelburg will oversee corporate strategy, sustainability, marketing and communications activities across the Company.\nDr.
  • Beumelburg joins Schlumberger from a global technology company, Siemens, where she has held various leadership positions including strategy development incorporating sustainability; management consulting; business excellence; and operations management.
  • Sustainability is increasingly core to our performance strategy, through which we will realize our vision,\xe2\x80\x9d said Olivier Le Peuch, Chief Executive Officer.

Robotic Drilling Equipment Market to Reach $1.01 Bn, Globally, by 2027 at 8.4 % CAGR: Allied Market Research

Wednesday, May 12, 2021 - 2:15pm

b'Increase in adoption of automation in the oil & gas industry and rise in drilling activities due to the development of unconventional hydrocarbon resourcesdrive the growth of the global robotic drilling equipment market.

Key Points: 
  • b'Increase in adoption of automation in the oil & gas industry and rise in drilling activities due to the development of unconventional hydrocarbon resourcesdrive the growth of the global robotic drilling equipment market.
  • According to the report, the global Robotic drilling equipment industry generated $804 million in 2019, and is expected to garner $1.01 billion by 2027, witnessing a CAGR of 8.4% from 2020 to 2027.\nIncrease in adoption of automation in the oil & gas industry and rise in drilling activities due to the development of unconventional hydrocarbon resourcesdrive the growth of the global robotic drilling equipment market.
  • However, interoperability of rig control systems used in robotic drilling and issues related to cyber security for automated systems restrain the market growth.
  • On the other hand, the gas segment is expected to witness the highest CAGR of 9.3% from 2020 to 2027.

Wolf Midstream Announces Proprietary, Integrated Energy Infrastructure System, NGL North

Wednesday, May 12, 2021 - 1:00pm

b'CALGARY, AB, May 12, 2021 /CNW/ - Wolf Midstream ("Wolf") is pleased to announce a positive final investment decision to construct, own and operate a proprietary, integrated natural gas liquids ("NGL") recovery, transportation and separation system, known as NGL North.

Key Points: 
  • b'CALGARY, AB, May 12, 2021 /CNW/ - Wolf Midstream ("Wolf") is pleased to announce a positive final investment decision to construct, own and operate a proprietary, integrated natural gas liquids ("NGL") recovery, transportation and separation system, known as NGL North.
  • "Once operational, NGL North will contribute to reducing CO2 emissions for the oil sands industry, which is consistent with Wolf\'s investment strategy to develop assets that are positioned for energy transition.
  • Wolf was formed in 2016 with an investment from CPP Investments to focus on the acquisition and development of midstream infrastructure and opportunities in Western Canada.
  • Wolf is committed to developing innovative, sustainable midstream solutions and transforming the future of carbon reduction through the development of world-scale CO2 infrastructure in both Canada and abroad.\n'

SBM Offshore First Quarter Trading Update

Wednesday, May 12, 2021 - 6:00am

b'Underlying Directional revenues for the first quarter of the year came in at US$536 million compared with US$607 million in the first quarter of 2020.

Key Points: 
  • b'Underlying Directional revenues for the first quarter of the year came in at US$536 million compared with US$607 million in the first quarter of 2020.
  • Generally, SBM Offshore does not report Turnkey revenues on Lease and Operate projects that are 100% owned, such as the FPSOs Liza Unity, Prosperity and currently the FPSO Almirante Tamandar\xc3\xa9.
  • Please refer to Post-Period Events section for an update on the Deep Panuke contract.\nCompared with year-end 2020, net debt as at the end of the first quarter increased by c. US$200 million to US$4.3 billion.
  • While Lease and Operate continues to generate strong operating cash flow, with four major projects under construction, SBM Offshore continues to invest in growth.\nConstruction activities for SBM Offshore\xe2\x80\x99s major projects continue to face challenges related to the pandemic.

Unifor welcomes Canada's intervention on eve of line 5 closure

Tuesday, May 11, 2021 - 7:06pm

b'CALGARY, AB, May 11, 2021 /CNW/ -Unifor is relieved the federal Minister of Natural Resources is intervening on the eve of tomorrow\'s deadline for Enbridge to shut down a key artery in the energy infrastructure between Canada and the U.S., providingvital energy needs for four provinces and four states.\n"The Governor of Michigan is recklessly messing with a critical piece of infrastructure that puts thousands of jobs at risk," said Jerry Dias, Unifor National President.

Key Points: 
  • b'CALGARY, AB, May 11, 2021 /CNW/ -Unifor is relieved the federal Minister of Natural Resources is intervening on the eve of tomorrow\'s deadline for Enbridge to shut down a key artery in the energy infrastructure between Canada and the U.S., providingvital energy needs for four provinces and four states.\n"The Governor of Michigan is recklessly messing with a critical piece of infrastructure that puts thousands of jobs at risk," said Jerry Dias, Unifor National President.
  • "We are in full support of the Canadian government filing a brief to try to continue mediation between Enbridge and the State of Michigan.
  • The repercussions would be felt as far away as Alberta and Saskatchewan , said Dias.\nDias points out that Enbridge\'s Great Lakes Tunnel Project, approved in 2018, will reroute Line 5 underneath the lakebed of Michigan\'s Straits of Mackinac, virtually eliminating the threat of a pipeline incident.\nUnifor is Canada\'s largest union in the private sector, representing 315,000 workers in every major area of the economy.
  • The union advocates for all working people and their rights, fights for equality and social justice in Canada and abroad, and strives to create progressive change for a better future.\n'

Martin Midstream Partners L.P. to Participate in the 2021 Energy Infrastructure Council Investor Conference

Tuesday, May 11, 2021 - 6:00pm

b"Martin Midstream Partners L.P. (NASDAQ: MMLP) (\xe2\x80\x9cMMLP\xe2\x80\x9d or the \xe2\x80\x9cPartnership\xe2\x80\x9d) announced today that members of executive management will host virtual meetings during the 2021 Energy Infrastructure Council Investor Conference taking place May 18-21, 2021.

Key Points: 
  • b"Martin Midstream Partners L.P. (NASDAQ: MMLP) (\xe2\x80\x9cMMLP\xe2\x80\x9d or the \xe2\x80\x9cPartnership\xe2\x80\x9d) announced today that members of executive management will host virtual meetings during the 2021 Energy Infrastructure Council Investor Conference taking place May 18-21, 2021.
  • A copy of the Partnership\xe2\x80\x99s presentation will be available by visiting the Partnership\xe2\x80\x99s website at www.MMLP.com .\nMartin Midstream Partners L.P. is a publicly traded limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region.
  • The Partnership's primary business lines include: (1) terminalling, processing, storage, and packaging services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) natural gas liquids marketing, distribution, and transportation services.\n"