Baker Hughes and AWS collaborate on automated

Eld Production Solution

BAKER HUGHES SIGNED an agreement with Amazon Web Services Inc. (AWS) to develop, market and sell the cloud-based Leucipa automated field production solution.

The collaboration leverages AWS services such as advanced analytics and Baker Hughes' expertise in the oil and gas industry to create a solution designed to allow operators to manage field production.

“The Leucipa field production solution is an automated solution that sets a new standard in the industry through its automation and scalability, helping our customers deliver on their production targets and reduce emissions,” said Maria Claudia Borras, executive vice president of oilfield services and equipment at Baker Hughes.

“Through this collaboration, we will help transform oil and gas production operations by combining the domain expertise of Baker Hughes with the most comprehensive set of cloud services in the world from AWS,” said Howard Gefen, general manager, energy & utilities, AWS.

Methane emissions remain stubbornly high: IEA

THE IEA’S LATEST update of its Global Methane Tracker finds that methane emissions remained stubbornly high in 2022, and highlights the need for the oil and gas sector to step up to slash emissions.

Today, the energy sector accounts for approximately 40% of total methane emissions attributable to human activity, second only to agriculture. Cutting methane emissions is one of the most effective ways to limit global warming and improve air quality in the near term.

"Our new Global Methane Tracker shows that some progress is being made but that emissions are still far too high and not falling fast enough – especially as methane cuts are among the cheapest options to limit near-term global warming. There is just no excuse,” said IEA executive director Fatih Birol. “The Nord Stream pipeline explosion last year released a huge amount of methane into the atmosphere. But normal oil and gas operations around the world release the same amount of methane as the Nord Stream explosion every single day."

QatarEnergy to manage marketing portfolio

THE INTEGRATION OF marketing and related activities from Qatargas into QatarEnergy is expected to be completed by the end of 2023.

The strengthened alignment of LNG marketing activities within QatarEnergy will leverage a combined set of technical, commercial and financial capabilities of both organisations.

Commenting on this occasion, HE Saad bin Sherida Al-Kaabi, the minister of state for energy affairs, the president and CEO of QatarEnergy said, “This move takes QatarEnergy one step closer to achieving our vision to becoming one of the best energy companies in the world, and we are grateful for the support that our trusted international partners have placed in us for delivering on this critical strategic initiative. It goes without saying that we will ensure business continuity and a seamless transition, during which Qatargas will continue to deliver on all its commitments with no interruption.”

QatarEnergy currently manages the marketing and sale of all products produced for export by its group of companies / affiliates, with the exception of LNG and Helium.

Once the integration is concluded, QatarEnergy will be the single point of responsibility for all existing and prospective customers interested in the purchase of energy products from the State of Qatar and will be able to provide a diversified products and services offering with a superior integrated portfolio.