April 21, 2021
SEG SmartBrief
Covering the world of applied geophysics SIGN UP ⋅   SHARE
Top Story
Drilling companies are coming back to the Permian Basin as oil prices continue to rebound from 2020 lows, with the area adding three new oil and gas rigs last week, said Baker Hughes, bringing the total to 227. With increased drilling activity also comes a resurgence of servicing companies operating in the area, such as natural gas storage and environmental services companies.
Full Story: Carlsbad Current-Argus (N.M.) (tiered subscription model) (4/20) 
LinkedIn Twitter Facebook Email
Power-up and Transform.
See how Utilities can transform customer experience with a unified digital platform. Watch the Demo
Geophysical Technology News
An underwater robot developed by Carnegie Mellon University researchers is designed to squeeze into difficult-to-reach spaces and inspect offshore rigs and other structures. The robot snake, tested in a Carnegie Mellon pool last month, has joints and can get around corners, researchers say.
Full Story: Rigzone (4/16) 
LinkedIn Twitter Facebook Email
ExxonMobil on Monday proposed a $100 billion public-private carbon storage and sequestration project along the Texas Gulf Coast that would pull carbon dioxide emissions out of the atmosphere and store them deep beneath the Gulf of Mexico. Such a project could bury 55 million short tons a year of CO2 by 2030, with capacity potentially doubling by 2040, but for that "it will need government and private-sector funding, as well as enhanced regulatory and legal frameworks that enable investment and innovation," Exxon said.
Full Story: BNN Bloomberg (Canada) (4/19) 
LinkedIn Twitter Facebook Email
Infor Best Practices Guide
How O&G enterprises can execute long-term plans to mitigate disruption and increase sustainable operations. Download now.
Industry Update
Eni subsidiary Eni RAK has been awarded a 430-square-kilometer onshore hydrocarbon block in the United Arab Emirates' Ras Al Khaimah, Eni says. Eni RAK will have a 90% stake and operate the block, which includes underexplored areas, and Ras Al Khaimah's National Oil Company RAK Gas will maintain a 10% interest, Eni says.
Full Story: Rigzone (4/20) 
LinkedIn Twitter Facebook Email
The natural gas production recovery in the Bakken Shale is taking longer than in other oil basins as rig activity remains well below pre-downturn levels. Bakken gas output should average 2 billion cubic feet per day in April and fall to 1.8 Bcf/d over the summer and 1.7 Bcf/d by October, according to S&P Global Platts Analytics.
Full Story: S&P Global (4/16) 
LinkedIn Twitter Facebook Email
US shale operators' reluctance to boost spending on new drilling should keep oil production growth to a minimum this year, with Energy Information Administration figures showing that output has stalled at around 10.5 million barrels per day and is unlikely to reach 11 million bpd by December. Most public and independent firms plan to focus on maintaining rather than growing output this year, at least until market conditions become more favorable.
Full Story: Argus Media (4/19) 
LinkedIn Twitter Facebook Email
Oil giant BP plans to invest around $1.3 billion to develop a system made of pipelines and other infrastructure that would gather and capture natural gas extracted as a byproduct of oil drilling in the Permian Basin, in an effort to end routine gas flaring from its operations in the field by 2025. An initial $300 million investment in its Grand Slam oil, gas and water handling facility, which entered service in June, already helped BP reduce its flared volume in the Permian from 13% in the second half of 2019 to about 3.5% in the second half of 2020.
Full Story: The Wall Street Journal (4/18) 
LinkedIn Twitter Facebook Email
An informative podcast for the renewables industry
Listen to interviews with industry leaders and get the latest news about the trends and technologies powering the energy transition. Subscribe to the podcast today!
Free eBooks and Resources
Free eBooks and resources brought to you by our partners
Institutes and Academia
An increase in magnitude 4 earthquakes along fault lines could indicate a large earthquake is coming, researchers say. A team led by Boston College seismologist John Ebel created the potential forecasting model after studying nearly 20 years of activity along California faults and looking at Japanese fault patterns.
Full Story: United Press International (4/19) 
LinkedIn Twitter Facebook Email
SEG News
Podcast delves into SEG climate change statement
In episode 111 of SEG's Seismic Soundoff podcast, host Andrew Geary speaks with former SEG President John Bradford about SEG's recent statement on climate change. In the conversation, Bradford provides an overview of SEG's position and discusses the role geophysics can play in achieving a net-zero-carbon future. Listen now.
LinkedIn Twitter Facebook Email
SEAM seeks info on data usage
In its 13-year history, the SEG Advanced Modeling Corp. (SEAM) has executed six multiyear projects with dozens of participant companies. In an effort to advance industry benchmarks, SEAM is seeking input from those who are currently working with or have in the past worked with SEAM data/models, companies that own a processed or imaged version of SEAM data, and those who are responsible for SEAM data within their companies. Contact seam@seg.org to learn more.
LinkedIn Twitter Facebook Email
SEG Homepage  |    Membership  |    SEG Library  |    Annual Meeting  |    SEG Foundation  |    SEG Wiki
Sharing SEG SmartBrief with your network keeps the quality of content high and these newsletters free.
Help Spread the Word
Or copy and share your personalized link:
SmartBrief publishes more than 200 free industry newsletters - Browse our portfolio
Sign Up  |    Update Profile  |    Advertise with SmartBrief
Unsubscribe  |    Privacy policy
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004