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ZURICH (Reuters) - Bombardier (BBDb.TO) is making progress resolving problems with double-decker passenger trains which have drawn criticism from buyer Swiss Federal Railways (SBB), the company’s Swiss country chief has told a local newspaper. SBB, in its largest ever order for rolling stock, in 2010 agreed to pay around 1.9 billion Swiss francs ($1.91 billion) for 62 trains. The project had been delayed for four years, however, and just 12 have been delivered. A “dissatisfied” SBB last week apologized to customers for repeated cancellations and delays affecting the new trains and demanded improvements from Bombardier.
Stephane Wettstein, who runs Bombardier’s Swiss business, told the Aargauer Zeitung that the trains’ reliability had improved considerably in recent weeks, diamond cufflinks cartier “In a few weeks a large part of the problems will be gone,” he told the newspaper in an interview, He acknowledged that more testing could have helped address the problems but dismissed calls from Swiss politicians for compensation, “At the moment compensation payments are not a topic at all, For this a contractual claim must arise and this is not the case,” he said..
LONDON (Reuters) - Buoyed by the success of seismic imaging that found an extra billion barrels of oil in the Gulf of Mexico, BP is looking to take its latest technology to Angola and Brazil. The software used in the Gulf, based on an algorithm created by Xukai Shen, a geophysicist straight out of Stanford University, led to BP discovering the crude in an area where it had long thought there was none to be found. Industry experts said the scale of the discovery 8 km below BP’s Thunder Horse field, announced last week, marked a major leap forward for deepwater exploration - a costly business known for its low success rate and high risk. It is an example of how technology is helping deepwater make a comeback after a decade when the industry has focused on advances in onshore shale.
The new deposit was found with software known as Full Waveform Inversion (FWI), which is run on a super-computer and analyses reverberations of seismic soundwaves to produce high-resolution 3D images of ancient layers of rock thousands of meters under the sea bed, helping geologists locate oil and gas, It is more accurate than previous surveying methods, BP said, and processes data in a matter of days, compared with months or years previously, While the discovery marked the biggest industry success for digital seismic imaging, the British oil major’s rivals are hot on diamond cufflinks cartier its heel with similar techniques..
(Oil majors' R&D: tmsnrt.rs/2ATrIHU). BP scientist John Etgen, the company’s top adviser on seismic imaging, said it aimed to retain its edge with a new machine it has developed, Wolfspar, to be used alongside FWI. The submarine-like Wolfspar is dragged by a ship through the ocean and emits very low frequency soundwaves, which are particularly effective for penetrating thick salt layers that lie above rocks containing fossil fuels, he added. Etgen told Reuters that BP planned to roll out Wolfspar alongside FWI in the second half of this year at the Atlantis field in the Gulf of Mexico, where a large salt layer still hides parts of the site. The company plans to expand the use of the technology to other big oil and gas basins, including Brazil next year and Angola at a later stage, he said.
“Seeing through very complex, very distorted salt bodies was the hardest problem we had, the most challenging,” the Houston-based scientist said in an interview, In both Brazil and Angola, oil deposits are locked under thick salt layers, Brazil’s deepwater oil fields comprise one of the world’s fastest-growing basins in terms of production, diamond cufflinks cartier BP last year signed a partnership with Brazil’s national oil company Petrobras to develop resources there, Billion-barrel oil finds are rare, particularly in mature basins like the Gulf of Mexico, But the scale of output from deepwater wells means they can compete with the most low-cost basins in the world, in particular U.S, shale..
BP is far from alone in focusing on technology; all big oil companies have put a growing emphasis on digitalization to reduce costs following the oil price collapse of 2014. In fact, BP’s spend on R&D was the third lowest among the world’s top publicly traded oil companies in 2017 at $391 million, compared with Exxon Mobil’s $1.1 billion and Royal Dutch Shell’s and Total’s budgets of over $900 million. Other majors have also made advances. Italy’s Eni has launched the world’s most powerful industrial computer to process seismic data, for example, while France’s Total is using drones to carry out seismic mapping in dense forests such as in Papua New Guinea.
However Barclays analysts said in a report last year that BP and Norway’s Equinor had the most advanced deployment of technology among oil majors, The seismic breakthrough for BP came when Xukai Shen tested a new idea he had for the FWI algorithm in 2016, “What happened was magic - the pieces came together,” recalled Etgen, “We finally had the right algorithm with the right data set to create the model of diamond cufflinks cartier the salt formation and use the model to remove distortion.”, BP says its new seismic technology could save it hundreds of millions of dollars in exploration hours by pinpointing the location of the most promising deposits..