Paul Cobb

Oil and gas companies are modernizing how to manage assets and equipment, extending lifecycles and overall performance, along with the planning and scheduling maintenance workflows that support these outcomes. With advanced asset management technology in place, operational resiliency is assured. In our new eBook, we explore three oil and gas companies that are leading with technology to ensure a resilient and profitable business model. Learn from your peers to ensure a resilient and profitable business model. Get your copy https://ifs.link/VsgDPo

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Data systems, cybersecurity, and automation lead 2024’s tech priorities, with AI and emissions tech close behind according to the @Energy Council’s "2024 Global Industry Survey Report". At Quorum, we are committed to supporting digital transformation in oil and gas, with the intention to help our customers achieve a strong digital core to embrace GenAI. It's this very journey that empowers us to push the boundaries of innovation.    Find out more about Quorum Software: quorumsoftware.com   #DigitalTransformation #OilAndGas #Innovation #EnergyTransition #Cybersecurity #QuorumSoftware

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Check out the latest episode of the Gas Processing and LNG #podcast, where host Lee Nichols explores the complexities of the LNG value chain. The discussion covers the impact of technological advancements on efficiency, the challenges posed by market instability, and strategies for optimizing operations in terminal and pipeline management. A good listen for anyone involved in the LNG sector! https://ow.ly/nieZ30sFoOq #software

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Come have breakfast with me. #ogj #ogjbreakfast #oil&gasjournal #PermianBasin #oil&gas #letshavebreakfast

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In a recent Lessons Learned Report, FERC released essential guidance to ensure CIP compliance & improve power system security. Check out our latest Regulatory Update to read more about potential security risks & suggested approaches for mitigation & ongoing compliance. https://okt.to/kF1023 #FERC #cybersecurity #security #CIP

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Q2 saw $30.2 billion of U.S. upstream deal activity, according to Enverus M&A Analytics, led by a $22.5 billion public company combination that continued a remarkable wave of E&P consolidation and highlighted the trend’s expansion beyond the Permian core. While both ConocoPhillips and Marathon Oil are active in the Delaware Basin, their transaction opens considerably more running room for Conoco elsewhere, particularly in the Eagle Ford. Rounding out Q2’s billion-dollar-plus deal tally was another public company combo in the Eagle Ford—Crescent Energy’s $2.1 billion SilverBow Resources acquisition—and private equity exits by two EnCap portfolio companies: Ameredev II in the Delaware Basin for $1.9 billion and XCL Resources in the Uinta Basin for $2.55 billion. Including July’s $5 billion Devon Energy-Grayson Mill Energy deal in the Bakken and $1.1 billion takeout of PE-backed Point Energy Partners by Vital Energy and Northern Oil & Gas, 12 deals valued at $1 billion or more have been announced YTD, putting 2024 on track to outpace last year’s high-water mark of 19 such deals. In addition, the average value for transactions of $100 million or more in 1H24 was $3.84 billion, on par with 2023’s average of $3.81 billion and more than tripling the previous six years’ $1.14 billion average.

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NERC's new CIP-015-1 standard & other modifications fortify cyber security with advanced virtualization & internal network monitorization. Ensure your systems are in compliance & protected against cyber threats by reading our latest regulatory update: https://okt.to/Ke6lY8 #CyberSecurity #Utilities #NERC

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Enhance your #oilandgas field operations with IFS Route Surveillance. Join us on November 13 at 1 p.m. CT for a live demo to discover how real-time data can reduce downtime and improve task prioritization. Register by simply liking this post!

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Eni is selling its wholly owned Nikaitchuq and Oooguruk heavy oil fields—the only Alaskan assets listed in its 2023 annual report—to Houston-based private operator Hilcorp Energy Co. for an undisclosed price. The Italian energy company said the transaction maintains its strategy to rationalize upstream activities by rebalancing its portfolio and divesting non-strategic assets. Eni plans to announce the transaction’s value at closing, though analysts told Reuters the deal could be valued at $428-855 million. The two fields, located in shallow waters of the Beaufort Sea just off Alaska’s North Slope, produced 20,000-22,000 boe/d in 2023, according to media reports. Oooguruk began production in 2008 and Nikaitchuq in 2011, with both fields reaching peak production around 2015-2016 and declining since then. Eni assumed full control of Oooguruk in 2019 after acquiring 70% WI from Caelus Energy.

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📈 Case Study Success: Revolutionizing Patent Translations for a Global 500 Oilfield Leader Challenges: Inconsistent quality High, unpredictable costs Missed deadlines Solutions: Standardized quality control Uniform global rates Enhanced automation Results: $150,000+ savings 90-day seamless integration Zero missed deadlines 2,500+ translations annually Curious how Welocalize can streamline your patent translation process? Let’s connect! 📖 Full case study below 👇

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During a North American oil and gas tech company's transition towards a reliable and scalable application landscape, we enabled an 8% gain in productivity with a focus on value-added developments, and reduced time-to-resolution on tickets. The result significantly enhanced application optimization, while reducing incidents. To learn more about this solution, click here: https://lnkd.in/deG6PtHh #ADMnext #DevOps #BusinessObservability

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During a North American oil and gas tech company's transition towards a reliable and scalable application landscape, we enabled an 8% gain in productivity with a focus on value-added developments, and reduced time-to-resolution on tickets. The result significantly enhanced application optimization, while reducing incidents. To learn more about this solution, click here: https://lnkd.in/gX66PhW3 #ADMnext #DevOps #BusinessObservability

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