American Oil and Gas Reporter - March 2020 - 101

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IndustryFocus: Companies, People and Products
Gas Development Needed To Meet Energy Demand
ABERDEEN, SCOTLAND-To deal
with rising global energy demand, $20
trillion will need to be spent on natural
gas exploration and production over the
next 20 years, assesses international energy consultancy Xodus Group.
In its Rapid Pivot to Gas report,
Xodus predicts worldwide energy consumption will continue to increase as developing countries grow, with natural gas
fulfilling half the new demand. The consultancy points out that its scenario assumes reduced coal and oil demand in
response to vehicle electrification, environmental pressures and a rapid increase
in renewable energy production.
"Recent forecasts take a developedworld view showing either a plateauing
or fall in energy consumption, but growing populations in developing countries
mixed with increasing wealth are much
more likely to result in a surge of overall
primary energy consumption," contends
Xodus Subsurface Director Andrew
Sewell. "We are anticipating an unprece-

dented decline in oil and coal, but even
with energy from renewables modeled to
the most aggressive increase, our analysis
shows that a much more rapid pivot to
gas is required to meet increased demand."
To secure that gas sustainably, Sewell
urges governments and industries around
the world to invest more in carbon capture and sequestration, as well as other
decarbonization technologies.
"Assuming natural gas supplies the
difference in total (energy) demand, (gas)
consumption could grow up to 200% by
2040, accounting for half of all primary
energy consumption and 73% of the fossil fuel component," he estimates. "Energy industries need to consider this
potential gas demand spike in the landscape of the necessary decarbonization of
our global energy supply, along with the
huge exploration and production expenditure it will require."
To download the full report, visit
www.xodusgroup.com.
❒

GTI Licenses Technology To Liberty Oilfield Services
DES PLAINES, IL.-GTI announces
it has licensed its PerfExtra® hydraulic
fracturing technology on an experimental
basis to Liberty Oilfield Services.
GTI describes PerfExtra as a patented
method for achieving higher efficiencies
in perforation breakdown during fracturing with simple and low-risk implementation. The technology breaks down
nonproductive perforations and increases
stimulated rock volume, the company
says, noting this can increase hydrocarbon recovery and reduce environmental
impacts without increasing perforating,
fluid or proppant costs.
Under the experimental license, Liberty plans to test PerfExtra with certain
customers in the Denver-Julesburg Basin,
GTI reports.
"PerfExtra can enhance fracturing efficiency and is compatible with most
fracturing approaches in use today. Field
results to date have shown 15%-25% improvements in the perforation opening of
fracture stages, followed by sustained

Coming In April
TOGA Convention Section

15% higher initial rates relative to control
wells for more than a year after startup,"
says GTI Senior Vice President of Research and Technology Development
Mike Rutkowski.
For more information, contact GTI at
847-768-0586 or visit gti.energy. ❒

Siemens Wins Contract
For LNG Export Terminal
HOUSTON-Siemens says it has been
awarded a contract to supply three boiloff gas (BOG) compressor packages for
Venture Global LNG's Calcasieu Pass
liquefied natural gas export terminal.
The facility is under construction in
southwestern Louisiana's Cameron
Parish, 50 miles south of Lake Charles.
Once it is fully commissioned, Siemens
says, it is expected to produce 10 million
tonnes a year of clean LNG.
Engineering, procurement, and construction management (EPC) for the project is contracted to Kiewit, which selected
Siemens to engineer, manufacturing and
test two centrifugal BOG compression
packages and one reciprocating BOG
compression package, Siemens relates.
"Siemens has a long track record of
providing cryogenic BOG compressors
for the LNG industry worldwide," says
Matthew Russell, the company's executive vice president of LNG. "The Calcasieu Pass project involves an
innovative modular, midscale configuration that enables Venture Global to produce low-cost LNG with a shorter
construction schedule. Siemens was able
to tailor a custom solution with added
flexibility to match the EPC's project
schedule and startup sequence."
For
more
information,
visit
new.siemens.com or venturegloballng.com.
❒

Baker Hughes, C3.ai Offer Production Analysis Tool
HOUSTON-Baker Hughes and C3.ai
have introduced BHC3 Production Optimization™, an AI-based application they
say allows well operators to view realtime production data, project future production more accurately, and optimize
operations to improve production.
The application uses machine learning
algorithms to quickly aggregate historical
and real-time data across production operations, and creates a comprehensive
view of production from individual and
multiple wells to the pipeline, distribution
and point-of-sale, the companies describe. They say BHC3 Production Optimization then applies machine learning
to the data to detect anomalies, forecast
production and recommend actions that
improve performance.
"BHC3 Production Optimization delivers data visibility and optimization ca-

pabilities that are critical for upstream
businesses to meet production targets
during a time of growing energy demand," says Derek Mathieson, Baker
Hughes' chief marketing and technology
officer. "Releasing this application is part
of a continued commitment from Baker
Hughes and C3.ai to help the energy industry improve productivity and efficiency with enterprise-scale AI
applications."
The companies say BHC3 draws on
both physics-based and data-driven AI
models to generate predictions and prescribed actions that are accurate and
easier to interpret. For example, engineers can pinpoint exactly which injection wells to tune for higher production
output.
For more information, visit bakerhughesc3.ai.
❒
MARCH 2020 101
http://www.xodusgroup.com http://new.siemens.com http://www.venturegloballng.com http://gti.energy/ https://c3.ai/ https://c3.ai/ https://c3.ai/ https://bakerhughesc3.ai/ https://bakerhughesc3.ai/
American Oil and Gas Reporter - March 2020

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