DIONISIO NEWS NETWORK (DNN)
KEY INDUSTRY LATEST UPDATES
|
|
DIONISIO 2020 OIL & GAS INDUSTRY R&D AWARD WINNER (SAUDI ARAMCO) |
DIONISIO 2020 OIL & GAS INDUSTRY R&D AWARD WINNER (SAUDI ARAMCO) We are pleased to announce Dionisio has selected Saudi Aramco and its President & CEO Amin H. Nasser, as the new 2019 oil / gas industry leader in "achieving outstanding R&D investment success by improving processes, productivity, safety and the environment". This recognition and honor highlights Aramco's new, revolutionary "Robotic Inspection Crawler" another industry breakthrough (video provided). Aramco focuses on high impact technologies and its R&D commitment has resulted in over 285 new patents filed and 175 new awards. Aramco achieved the industry’s first trillion-cell simulation and hydrocarbon migration algorithm, conducts feasibility studies on the development of fully integrated crude oil-to-chemicals complexes and keeps sustainability at the forefront. The level of flared gas per raw gas production is at less than 1% and is set to decline even further. The company recovered more than 9 Bscf of gas through its zero discharge technology. Aramco collaborated with GE to install the Kingdom's first wind turbine at the Turaif Bulk Plant and enhanced partnerships on fuel and engine research with U.S. and European automakers, pledging another remarkable investment of $100 million to develop and accelerate the commercial deployment of innovative, low-emission technologies. Saudi Aramco has also acquired Converge® another breakthrough technology that converts CO2 into cleaner, high-value end products with significant performance, cost, and carbon footprint improvements. Aramco’s EXPEC Advanced Research Center (EXPEC ARC) was also selected for its “CO2 EOR and Sequestration Project with a Comprehensive Monitoring Program.” Carbon capture and sequestration is the process of capturing waste carbon dioxide (CO2) from large sources such as power plants, storing it, and depositing it underground where it will not re-enter the atmosphere. CO2 is captured at the Hawiyah natural gas liquids (NGL) plant and then piped 85 kilometers to the ‘Uthmaniyah field. At ‘Uthmaniyah, it is injected and sequestered, or stored into oil reservoirs under high pressure to enhance oil recovery. Also for DrillCam, an integrated real-time system for imaging and predicting ahead of the drill bit and around the well. According to Mustafa Al-Ali, chief technologist of the Geology Technology Research Team in EXPEC ARC, it uses multi-physics measurements, both downhole and on the surface, producing real-time image surrounding. The DrillCam system enables controlled geosteering through the reservoir’s pay zones, as well as predictions of lost circulation and hazardous drilling zones, which have huge business impact on discovery, recovery, and cost efficiency. Congratulations to CEO, Amin H. Nasser and the extraordinary R&D development teams at Aramco for their new industry breakthrough and outstanding contributions. Robert Dionisio, Chairman & CEO / Dionisio Group of Companies. #Robotics #Inspection #Crawler #Leadership
U.S. FARMERS $12 + 16 BILLION GOVERNMENT BAILOUTS ANNOUNCED BY WHITE HOUSE: The Trump administration announced plans today to offer $12 billion in aid to farmers hit by the tariffs President Trump caused, placed upon on their goods and produce. This is an extraordinary emergency bailout caused by the escalating trade war in key electoral states, Secretary of Agriculture Sonny Perdue said Tuesday. Aid will include 1.) direct payments to farmers who have been hurt by escalating trade tensions. 2.) A food purchase program, in which the government will buy unsold food and distribute it to food banks and 3.) a program in partnership with the private sector to create new export markets for American farmers. This is another catastrophic bailout by U.S. taxpayers predicted by Dionisio Capital and is only the first of many industries to be hurt. A macro-level review of the U.S. economy by Dionisio is coming soon that you absolutely won't want to miss. #DNN #DNBCNews #DionisioCapital #Investment #Farmers