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ExxonMobil, BASF form natural gas processing, petroleum refining development deal

ExxonMobil Catalysts and Licensing LLC and BASF Corporation have signed an alliance agreement to jointly develop new gas treating solvents and process technologies for use in natural gas processing and petroleum refining. Under this new agreement, BASF will market and license technologies developed from this collaboration, along with FLEXSORB and OASE technologies.

ExxonMobil, Magnabond agree on development targeted at cementing, decommissioning and more

ExxonMobil Upstream Research Company announced that it has signed a three-year joint development agreement with MagnaBond, LLC to develop new technologies that could enhance cost-effective evaluation of well cementing, casing and tubing. The agreement was facilitated by the Industry Technology Facilitator as part of its initiative to address challenges associated with well decommissioning activities such as plugging and abandonment.

Record performance for oil and gas reservoir computing

ExxonMobil, working with the National Center for Supercomputing Applications (NCSA), has achieved a major breakthrough with proprietary software using more than four times the previous number of processors used on complex oil and gas reservoir simulation models to improve exploration and production results.

Pason Systems awarded first license of ExxonMobil's Drilling Advisory System

ExxonMobil has awarded Pason Systems, Inc. the first global license of its patented Drilling Advisory System™, a key component of the company’s Fast Drill™ technology suite. The licensing agreement accelerates the technology’s commercialization by combining Pason’s expertise in drilling data and ExxonMobil’s experience in drilling surveillance and optimization.

ExxonMobil’s Energy Outlook projects energy demand increase and decline in carbon intensity

Global energy demand will increase 25 percent between 2014 and 2040, driven by population growth and economic expansion, ExxonMobil said in the 2016 edition of The Outlook for Energy. At the same time, energy efficiency gains and increased use of renewable energy sources and lower carbon fuels, such as natural gas, are expected to help reduce by half the carbon intensity of the global economy.

ExxonMobil Upstream Research Company and Hunting’s Titan Division to jointly develop autonomous tools technology for well construction

ExxonMobil Upstream Research Company has signed a joint development agreement with Hunting’s Titan Division to develop new autonomous tools technology focused on creating a step change in well construction and intervention efficiency. The two Houston-based companies said they expect to produce the first commercial autonomous tools in a few years with initial tools focused on perforating and pipe cutting devices.

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