oil and gas

Gas cloud imaging technology has already been tested and installed in existing facilities such as the giant natural gas Khazzan field in Oman

They say the oil and gas industry produces 2.5 quintillion bytes of data every day but only 1% of this is analysed, which they believe is a ‘missed opportunity’

Oil and Gas UK’s roadmap reinforces the importance of the sector to the economy and to meeting the energy needs of consumers for decades to come

It has received backing from major companies including BP, Equinor, Shell, Siemens, Total and Wood

It will focus on all areas of energy-related research, with an emphasis on supporting the oil and gas industry in the transition to clean energy and renewables

The transaction is part of BP’s plan to divest $10bn of assets over 2019 and 2020

Current data shows there are more than two billion barrels of oil equivalent in near-field opportunities that could potentially be unlocked

It is part of the Bank’s plans to contribute towards meeting the goals of the Paris climate agreement

IEA analysis suggests global methane emissions from the oil and gas sectors could be reduced by nearly half at no net cost

It is also proposing a new business model for CCUS projects that would allow developers to charge customers in advance through their existing bills