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UH researchers developing autonomous robot for subsea oil and gas pipeline inspection

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To reduce the number of accidents in the global oil and gas industry caused by damaged pipelines, University of Houston researchers are developing an autonomous robot to identify potential pipeline leaks and structural failures during subsea inspections. When larger spills happen, pipelines are often the culprit.

Oil 221
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DOE to award up to $88M for oil and natural gas recovery research

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The Department of Energy’s (DOE’s) Office of Fossil Energy announced up to $88 million in federal funding for cost-shared research and development projects enhancing technologies for oil and natural gas recovery under two separate funding opportunity announcements (FOAs). million barrels of oil per day (MMb/d)) to 56.5%

Oil 306
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International Maritime Organization (IMO) adopts revised strategy to reduce GHG emissions from international shipping.

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Member States of the International Maritime Organization (IMO), meeting at the Marine Environment Protection Committee (MEPC 80) earlier this month, adopted the 2023 IMO Strategy on Reduction of GHG Emissions from Ships. The Marine Environment Protection Committee (MEPC) addresses environmental issues under IMO’s remit.

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IHS Markit: conventional oil & gas discoveries at lowest levels in 70 years; major rebound unlikely

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Conventional oil and gas discoveries during the past three years are at the lowest levels in seven decades and a significant rebound is not expected, according to a new report by global business information provider IHS Markit. —Keith King, senior advisor at IHS Markit and a lead author of the IHS Markit E&P trends analysis.

Oil 199
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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

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Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. —Joseph McMonigle, secretary general, IEF.

Price 416
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Siemens targeting Li-ion energy storage for marine and offshore oil and gas applications; 6MW system to West Mira rig

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As part of a strategy to continue providing low-emissions solutions for harsh offshore operating environments, Siemens has opened a fully robotized and digitalized plant in Norway that will develop and manufacture energy storage technologies for both marine and offshore oil and gas applications. —Bjørn Einar Brath.

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IMO Environment Committee approves draft mandatory regulations to cut ship carbon intensity; technical and operational

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The International Maritime Organization (IMO) Marine Environment Protection Committee (MEPC) has approved draft new mandatory regulations to cut the carbon intensity of existing ships. This builds on current mandatory energy efficiency requirements to further reduce greenhouse gas emissions from shipping.