• 2021 May 7 14:08

    LR innovates lifecycle approach in oil and gas subsurface software

    The new modules and updates to Lloyd’s Register’s subsurface software packages – IC and IP – will help oil and gas operators adapt to an ever-changing world.

    Lloyd's Register on May 5 launched a suite of new modules and updates to its subsurface software packages IC and IP.

    The software's new capabilities are prompted by the increasing need to capture and utilise data across the entire lifecycle of wells and fields, allowing E&P operators to rise to the challenges presented by a maturing industry, and the energy transition, without additional software investment at each stage. The new modules and software updates will be demonstrated at the virtual SPWLA 62nd Annual Symposium 2021 in May.

    Derek Crombie, Vice President of Subsurface at Lloyd's Register said: "Integrated digital technologies are vital for subsurface operators to keep pace with, and push the boundaries of, a rapidly changing world."

    "With countries such as Denmark no longer issuing new hydrocarbon exploration licenses, E&P operators are increasingly seeking to maximise output from their existing assets and subsurface regions. In addition, many abandoned wells are now being earmarked for other uses such as carbon capture, utilisation and storage, geothermal and waste disposal. The industry is on a journey of change as it transitions to alternative and differing subsurface technology applications than just hydrocarbon production. Increased insights of scale, from region to well, across the lifecycle of all subsurface assets will be more valuable than ever in this changing world."

    "Equally, as retiring engineers are replaced with the next generation, and remote working is becoming the new normal, subsurface software needs to be geared towards integrating data and industry knowledge from numerous sources as seamlessly as possible."

    One of the new modules - Casing Inspection - introduced to IP, Lloyd's Register's subsurface interpretations software, will seamlessly integrate mature well monitoring and abandonment into the platform, strengthen IP's existing collection of cased-hole tools, further improving insights across a well's lifecycle. Two further modules will provide automated workflow benefits for users. Textural Facies will create an automated workflow for determining rock texture types from image log data, while Log QC will highlight data quality issues with raw log measurements.

    The IP software will also benefit from a refreshed, cloud-ready user interface designed to be touch-screen compatible with a more detailed home screen view and improved search function, resulting in a more intuitive user experience.

    IC, Lloyd's Register's well integration and visualisation software, will benefit from a new addition to produce more detailed correlations of the subsurface characteristics between wells as well as easier to apply interactive interpretations.

    Not only will the tool be highly insightful for oil and gas operators, it can also play a role in new energy markets by identifying locations to tap geothermal resources, fresh water or lithium brine extraction, as well as being used to access underground aquifers or waste disposal sites. IC will produce holistic subsurface interpretations at a higher resolution than ever before, improving insights and decision making across any aspect of a project's lifecycle.

    The new correlations feature is bolstered by a new data import infrastructure to make it even simpler for users to merge and integrate disparate subsurface data for visual display and interpretation.

    Nial McCollam, Lloyd's Register's CTO and keynote speaker at SPWLA adds: "Decades of subsurface exploration has led to rapid growth in data collection and storage. However, poor quality data can have an impact on the accuracy and precision of decision-making. These IP and IC updates are vital for the industry to keep pace with the demands of an ever-changing world and will pave the way for operators to successfully adopt innovative technologies as they become available."




2021 June 14

17:46 Fincantieri and MSC celebrate the start of construction of “Explora I”,
15:52 ABS and 22 industry players to study ammonia as an alternative marine fuel
15:18 ICS Guidance for Ship Operators and Roadmap for vaccination of seafarers
14:09 Bollinger submits proposal for U.S. Coast Guard Heritage-class offshore patrol cutter
13:19 Genco to jointly study ammonia as an alternative marine fuel
12:31 Wärtsilä brings Power-to-X technology to World Expo
11:57 Trafigura joins cross industry study into the adoption of green ammonia as an alternative marine fuel
11:24 DFDS: Freight up 31% following lockdowns in 2020
10:32 SEACOR Marine announces debt payoff agreement
09:47 Kick off “Joint Study” framework for studying ammonia as an alternative marine fuel
09:13 MABUX: bunker indexes may change irregularly on June 14

2021 June 13

15:31 Petrobras signs contract for the supply of eighth Búzios unit
14:18 Lyon Shipyard to invest $24.4 million to expand its operation in the City of Norfolk
13:29 Shearwater GeoServices recycles Western Trident as part of its fleet renewal strategy
12:41 MCA to carry out unannounced inspections of fishing vessels
11:42 The 126-passenger expedition cruise vessel National Geographic Resolution hits the water
10:56 Saipem: Inauguration of Saipem Guyana offshore construction facility in Georgetown

2021 June 12

16:09 Fred. Olsen Cruise Lines unveils brand new sailings aboard new ships Bolette and Borealis in 2022
14:21 "Blowdown" to reduce risk and raise decommissioning progress
13:42 Roambee announces a strategic investment from and partnership with PSA unboXed
13:19 Belfast Harbour awards £25,000 to community projects
12:41 Maurice GEORGES named as new Chair of the Executive Board of Dunkerque-Port
11:38 AIDA Cruises resumes holiday voyages from July 29, 2021
10:52 OptiLink: A digital revolution in ballast water management

2021 June 11

18:07 LNG consumption as a marine fuel has almost doubled in 2020
17:31 Hapag-Lloyd to provide full transparency on vessel arrivals
17:09 MOL joins international think tank and accelerate development for carbon capture, utilization and storage
16:58 GTT obtains tank design order for two new LNG carriers from Samsung Heavy Industries
16:52 Shipping industry welcomes Nigeria’s creation of ‘Deep Blue’ to stamp out piracy in the Gulf of Guinea
16:24 Stena Line will move its Europoort-Killingholme service to Immingham
16:00 Yantar shipyard to build rescue ship of Project MPSV06M for Marine Recue Service
15:36 Sea Port of Saint-Petersburg hosts introductory practical training for students
15:13 The Port of Rotterdam Authority, Customs, Fresh Produce Centre and Portbase join forces to facilitate the growth market of refrigerated products
14:25 Seanergy takes delivery of two Capesize vessels with prompt commencement of period charters
13:51 Total throughput at the ports of Bremen increases once again during Q1 4 June 2021
13:32 Roman Gorgutsa appointed as General Director of Morstroytechnology
13:28 Mitsui E&S Machinery and 22 industry players kick off studying ammonia as an alternative marine fuel
13:04 MOL and ACSL use flying drone to conduct autonomous inspection of vessel holds under non GNSS and dark environment
12:49 Port of Los Angeles becames the first port in the Western Hemisphere to process 10 million container units in a 12‑month period
12:38 Oboronlogistics receives RS certificate on safety management of cargo ship Sparta
12:14 CNES and CMA CGM sign unique partnership agreement to spawn innovative solutions for shipping, logistics and the space industry
12:01 APM Terminals continues roll-out of digital export processing at Russian terminals
11:57 Russian Railways: Loading of export cargo bound for domestic ports grew by 8% in 5M’21
11:34 RS and GTT sign new cooperation agreement
11:33 Xeneta selects CLIVE Data Services’ ‘dynamic loadfactor’ data and analyses to deliver complete air cargo market intelligence
11:11 Stagnation in R&D investment creating unacceptable risk for industry zero emissions future - ICS
10:50 Throughput of port Riga (Latvia) in 5M’2021 dropped by 15.1%
10:29 Rosneft agrees heads of terms to sell a stake in the Vostok Oil Project to a consortium of Vitol and Mercantile & Maritime
10:08 DRAX and Mitsubishi Heavy Industries sign pioneering deal towards delivery of the world’s largest negative emissions project
09:52 Throughput of Russian seaports in 5M’2021 fell by 2.7% Y-o-Y
09:40 Oil prices continue decreasing
09:23 Baltic Dry Index as of June 10
09:16 MABUX: Global bunker prices may rise slightly on June 11.
09:04 The port of Rotterdam Authority intends to build brand new port information centre
08:02 Rolls-Royce to showcase future South Korean naval power and propulsion

2021 June 10

18:45 Equinor sells its refining business in Denmark to Klesch
18:25 Rolls-Royce builds new fuel cell demonstrator to ensure electricity supplies
18:05 DNV predicts that marine finfish production in deeper waters offshore will take a 13% market share in 2050
18:00 Comprehensive programme on development of Yamal resource potential to be developed by October 2021
17:51 Contract awards for PSVs in UK