Technical Focus

New exploration valuation tool to assess oil and gas fields

valuationUK-based oil and gas consultant CGG Robertson and research firm Wood Mackenzie have launched a new exploration valuation tool EV2 to accurately assess the future potential of oil and gas fields

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Spanish firm to use IBM’s tech to find new oilfields

newSpain-based energy firm Repsol has announced that it will use IBM’s supercomputer Watson for developing data analysis tools to find new oilfields

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Alderley FZE to supply equipment for refinery project in Saudi Arabia

MeteringUK-based oil and gas engineering company Alderley FZE has secured a contract to supply nine oil metering systems and small volume provers for the Jazan Refinery Package 14, Marine Terminal Project in Saudi Arabia

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Digital oilfield market projected to reach US$38.49bn by 2024

DOF2According to global market research firm MarketsandMarkets, the digital oilfield services and processes market will grow from an estimated US$24.6bn in 2014 to US$38.49bn by 2024

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ADNOC and Total partner to map oil and gas reserves in the UAE

oilrecovery-deepwaterhorizon-flickrThe Abu Dhabi National Oil Company (ADNOC) has partnered with French oil major Total to work on a Digital Rock Physics (DRP) project that would aid in mapping oil and gas reserves in the UAE

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