Halliburton, Honeywell Develop Open-Architecture Oil and Gas Software
Halliburton and Honeywell announced a collaboration to maximize asset potential, reduce execution risk and lower the total cost of ownership for oil and gas operators. The collaboration will leverage Halliburton Landmark’s DecisionSpace 365 E&P cloud applications and Honeywell Forge, a powerful industrial analytics software solution, to deliver unparalleled insights about oil and gas assets.
Together, the companies bring deep domain expertise in subsurface and surface operations with the latest digital innovations to help operators address operational efficiency, asset productivity and risk across their business. Benefits include:
- Maximize asset value by creating a digital twin on an integrated and open architecture that connects and models the supply chain from reservoir to point of sale.
- Increase production, minimize OPEX/CAPEX and reduce operational risk by streamlining processes from downhole to surface controls, including digital solutions for improved subsurface insight.
- Optimization of total asset and enterprise performance using real-time monitoring and remote operations.
EPA to Rescind Methane Regulations for Oil and Gas
The Environmental Protection Agency is preparing to adopt new rules that would rescind regulations for methane-gas emissions, including ending requirements that oil-and-gas producers have systems and procedures to detect methane leaks in their systems, senior administration officials said.
Stop Enabling Unemployment
Brandon Davis, CEO, Swan Energy recently voiced his displeasure with the current bailouts on the Mining Money segment on The Crude Life. He explains how the unemployment issue is nothing short of can kicking and overall government intervention.
“I remember the 1990’s and the 80’s and it wasn’t so amazing then,” Davis said. “There have been some great years in the 2010 to 2014 market, but beyond that and before that its been hard, it’s never been easy.”
Simply put, according to Davis this entire economic debacle, unemployment issues and polarizing the nation has been caused by the government.
“Everything we are dealing with right now is government caused. It is cause by action from our government, not by anything the industry did or didn’t do,” Davis said. “That is the reality we are sitting in today.
ND Land Commissioner Explains How Education is Tied to Mineral Payments
Jodi Smith, North Dakota Land Commissioner, explains how education across the state of North Dakota is tied to millions of dollars owed in past due mineral rights, which are being contested and protested by many oil and gas operators.
Click here for full length interview
The Crude Life Podcast can be heard every Monday through Thursday with a Week in Review on Friday.
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