Oil and gas firms look to big data to meet carbon challenge
Sharing data will help firms integrate solar, wind and gas offerings
Oil and gas firms looking to help countries decarbonise must use and share data in much more efficient ways if they are to be successful, according to speakers at a Reuters panel. Traditionally, oil firms have not used data very effectively, keeping it siloed in different departments. However, recent advances in technology have allowed them to move away from this approach, according to James Moran, vice president of Dataworx at BP. “If we can stitch together information from the different silos — for example geoscience, subsurface and wells—we should have a far safer and environmentally sound operation at the end of it,” he says. >190 – Number of OSDU members As BP transitions
Also in this section
8 May 2024
Allowance prices rise 34% since start of year as regulator imposes tighter limits and considers reduction of free allocations
7 May 2024
Policymakers should consider backing enhanced weathering as a CDR technique with benefits to the agricultural sector
3 May 2024
Developers look to government’s forthcoming budget to restore support as industry suffers loss of momentum
1 May 2024
Abundant storage and low cost of capturing CO₂ from sharply rising gas production mean NOC’s ambitious CCUS targets look well within reach