SLB joint venture OneSubSea has secured a contract award from Petróleo Brasileiro S.A. (Petrobras) for two subsea raw seawater injection (RWI) systems to increase recovery from the productive Búzios field.
SLB will carry out integrated services to oversee the construction of over 100 wells primarily at Petrobras’ deepwater fields in the Campos, Santos and Espirito Santo basins using advanced drilling, cementing and drilling fluids technologies on up to nine rigs.
In Ecuador, SLB deployed Neuro autonomous geosteering to drill a 2,392-foot lateral section of an onshore well for Shaya Ecuador S.A. During this operation, SLB’s autonomous system completed 25 autonomous geosteering trajectory changes, with each interpretation and decision cycle taking only seconds.
Aramco has signed a shareholders’ agreement with Linde and SLB, paving the way for development of a Carbon Capture and Storage (CCS) hub that is expected to become one of the largest globally. Under the terms of the shareholders’ agreement Aramco will take a 60% equity interest in the CCS hub, with Linde and SLB each owning a 20% stake.
The Jubail CCS hub’s initial phase will see up to 9 million tonnes of CO2 captured and stored each year, with construction completed by the end of 2027. Additional phases are planned in order to further expand the hub’s capacity.
Saudi Arabian Oil Co. (Aramco) has signed a shareholder agreement with two companies to build a carbon capture and storage (CCS) hub in Saudi Arabia with an initial capacity of nine million metric tons per annum (MMtpa).
The PetroChallenge competition tested students’ ability to utilise OilSim, an online business simulation to develop students’ understanding of the upstream oil and gas industry.
SLB has announced an agreement to create Turnwell Industries LLC OPC, a joint venture with ADNOC Drilling Company, SLB and Patterson-UTI. The joint venture will allow the three companies to leverage leading innovations in AI, smart drilling design, completions engineering and production solutions.
SLB and Aramco have signed an agreement with the aim of co-developing, commercializing, and utilizing digital solutions to help mitigate greenhouse gas (GHG) emissions in industrial sectors. These solutions would be integrated within SLB’s digital sustainability platform, building on the collaboration announced in 2022.
The demand for NVIDIA’s NVDA graphic processing units (GPUs) has surged significantly, positioning it as a leading player in the artificial intelligence (AI) revolution and one of the world’s most valuable companies. NVIDIA’s GPU-accelerated computing is transforming various industries, including oil and gas, by expediting complex calculations and enhancing data analysis. This technology improves seismic imaging, reservoir simulations and real-time data analysis, all of which are essential for locating oil and gas reserves more quickly and accurately.