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LA SPE NOW ACCEPTING SCHOLARSHIP APPLICATIONS

It is the board of director’s pleasure to announce the 2023-2024 scholarship program. The program aims to attract engineering students interested in a career in the Oil & Gas Industry. Our goal is to promote local interest in up-and-coming talent who will be the future of our industry. We want to encourage students to pursue science and engineering curriculums and to increase their awareness of future career opportunities.

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LASPE PETROLEUM
TECHNOLOGY "FIELD TRIP"
Tuesday June 20, 2023

[H2] Innovation Experience
9240 Firestone Blvd Downey, CA 90241

LA Basin SPE Visit to the [H2] Innovation Experience Project in Downey, CA

The visit by the LA Basin SPE will take place on June 20th, starting at 10 am. Each tour will be 30 minutes long and we have two tours reserved for 15 people per tour.

THIS EVENT IS LIMITED TO 30 PEOPLE

Click Here to purchase a ticket.


Summer Fun, AI in O&G Tech, Decarbonization, WRM held in May in Anchorage, Hydrogen House Field Trip


Dear Colleagues,

We have reached the start of Summer and that means this is the last meeting and newsletter until the 2023-24 season.  I hope everyone has some fun time planned with their family this summer and I hope that you got some information, networking, and even fun out of your SPE membership this past 2022-2023 season.

Technology continues to advance all industries and AI has been in the news a lot; the Oil & Gas industry is no different.  According to Ernst & Young, the Oil & Gas industry is looking to change the view of being slow-moving and outdated using AI, 92% of oil and gas companies worldwide are investing in AI or planning to do so in the next 5 years.  AI is being employed to analyze sensor data and to modify and perform predictive maintenance (PM) preventing unnecessary downtime and also reducing other PM deemed unnecessary.

The skills and machinery developed over decades in the Oil & Gas industry are frequently applied to other industries needed for the energy transition.  Mining operations for metals needed in battery production are being aided by personnel and equipment from the Oil & Gas industry.  The US DOE has awarded $165 million to an SPE-involved consortium that hopes to leverage the industry’s 100+ years of drilling and subsurface engineering experience to advance the geothermal industry.  The trend toward decarbonization continues, which ExxonMobil saying earlier this year, they expect their decarbonization business will surpass their oil production business in the next decade.

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