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Rystad Energy and Wood Mackenzie highlight key factors shaping the balancing act in the upstream oil market.
Aramco expects to complete Phase 1 construction of the 9-mtpa facility in 2027.
The modular facility will process associated gas to produce electricity for up to 200,000 households in the Basra region.
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GEODE is a consortium led by Project InnerSpace and the Society of Petroleum Engineers and funded by the US Department of Energy’s Geothermal Technologies Office. -
The decision invokes a 1953 law that will make it difficult for incoming US President Donald Trump to reverse.
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After overcoming the challenges of a new offshore frontier, BP has begun first gas flow at its ultradeep project offshore Mauritania and Senegal.
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As we turn the page on our 75th anniversary, JPT’s recent visit to the UAE offers a front-row seat of what some of the industry’s biggest players see coming.
The birthplace of Royal Dutch Shell, Indonesia and Malaysia, buck trends and grow their gas and oil industries, expecting a record number of final investment decisions in the next 4 years in gas, deep water, and carbon capture projects to support Southeast Asia’s booming economic growth.
Over the past 75 years, drillers have gone from the Stone Age to the Space Age when it comes to technological improvements in well construction methods. Yesterday’s crude wood and iron drilling techniques have given way to today’s video game-inspired controls and robotic assistance—much of which migrated from offshore applications. These advancements have driven costs…
Since the late 1930s, the offshore industry has advanced from the first platform in 14 ft of water to the ultradeepwater 20K era. Driven by seismic, drilling, and development breakthroughs, the industry has pushed into deeper waters, high-pressure reservoirs, and new frontiers like Guyana, continually expanding the limits of offshore exploration.
The KRI has become a significant player in the oil and gas industry. The authors use production data from key fields to explore the factors influencing both individual fields and overall production. An overview of the challenges and milestones in the region’s oil and gas sector from 2014 to 2023 enhances understanding of its evolution, current status, and future oppor…
As Azerbaijan prepares to host COP29, JPT looks back at how the country prospered for millennia on its largess of oil and gas and its unique geography along the ancient Silk Road that today is traversed by pipelines delivering gas and oil to Europe from the depths of the Caspian Sea.
JPT’s first year of publication was one of groundbreaking events that would transform the global petroleum industry. A recap of developments in 1949 emphasizes the high hopes attached to the industry—and the ambitious goals of the new magazine.
The health, safety, and environment (HSE) discipline is one of the broadest in SPE, from the perspectives of both its scope and its cross-discipline impact. As JPT celebrates 75 years, former HSE Technical Director Roland Moreau examines some of the defining moments in the history of HSE in the industry, the growth of the discipline, and the challenges it still faces.
From the first supercomputer to generative AI, JPT has followed the advancement of digital technology in the petroleum industry. As the steady march of innovation continues, four experts give their views on the state and future of data science in the industry.
There will always be a need for good artificial lift engineers. So, what should the next generation of its professionals be trying to pursue?
Longtime leaders in artificial lift discuss and share their insights on the rapidly evolving segment’s past, present, and future.
The world of artificial lift has witnessed a remarkable revolution over the past 25 years, with many of the events and technology trends recorded in the Journal of Petroleum Technology.
Longtime JPT Technology Editor Dennis Denney discusses his career at SPE and the development of the magazine’s Technology Focus feature.
We’re excited to begin the year with the commemoration of JPT’s 75th anniversary. This issue launches our special features dedicated to JPT’s reporting of technology and practices over the past 7½ decades.
Highlights of innovations in fracturing, drilling, and reservoir engineering include mysterious gummy bears, horseshoe-shaped wells, and automated rigs.
Find out what made the list of big technology breakthroughs that have shaped the oil and gas industry over the past quarter century.
The topics covered in JPT’s Technology Focus feature span the breadth of the upstream industry. A review of these topics over the years illustrates the changes that have affected E&P professionals.
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Leading drilling consultant John de Wardt separates hype from reality and explores what’s ahead in this interview with JPT. -
The oil and gas industry must balance global energy demands with stricter environmental regulations, particularly in drilling, where risks and complexities are higher. Innovative technologies, like those used in this stuck-pipe scenario offshore Azerbaijan, are key to overcoming these challenges and improving safety, speed, and efficiency. -
Oil price visibility, projects competing for funds, and regional market softness are all factors resulting in muted demand for deepwater rigs this year. -
Virtual reality and related visualization technologies are helping reshape how the industry views 3D data, makes decisions, and trains personnel.
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President's Column
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This month’s column offers a review of the perceived quality of SPE's publications and how this perceived quality could affect the value and impact of SPE's generative AI deliverables. Quality can be subjective, so this column focuses on key publication indicators before assessing remedial options in a future column.
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SponsoredWhile WACC is frequently used as the base discount rate for corporate-level decision-making, using it as a universal discount rate for projects can result in inaccurate project valuations. Incorporating the opportunity cost of capital provides a more nuanced and accurate approach to project evaluation. -
SponsoredTesting new drilling technology in a controlled and monitored environment before it is launched to its full extent in the field—that is what the Rijswijk Center for Sustainable Geo-energy is all about. -
SponsoredThis article explores the intricacies of this age-old problem, outlining the causes, consequences, and costs of gas locking, as well as highlighting a novel approach to mitigation that has recently been validated by computational fluid dynamics research. -
SponsoredTAQA's PulseEight Secure and SwellStack solutions avoid costly workovers and deferred production by riglessly retrofitting an alternative to failed subsurface safety valves.
Technology Focus
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First oil from Beacon Offshore’s Shenandoah is on track for the second quarter of 2025. Project partners also have sanctioned a second phase of development and are advancing plans for a related project.
Hot rock is found worldwide, but the methods used to generate energy from it vary.
After being a non-factor in the energy industry for years, the country is now one of the fastest growing regions.
Australia’s Ichthys LNG facility will provide feedstock, along with production from legacy Japanese gas fields that will also serve as repositories for CO2 storage.
At SPE’s Permian Basin Energy Conference, operators shared behind-the-scenes details on innovations such as drilling horseshoe wells and trimulfrac completions along with in-basin challenges such as handling produced water.
New IEA Report: Next-Generation Geothermal Can Go Global, But Oil and Gas Industry Must Show the Way
The upstream sector could help unlock geothermal energy’s potential but up to $1 trillion in project spending would be necessary over the next decade, the report says.
Marshall Watson, SPE member, professor, and chair of the petroleum engineering department at Texas Tech, helped train the crew of Paramount’s new series "Landman" to portray the industry authentically.
Turnwell said it achieved a new well delivery time as it begins a massive contract to develop the UAE’s unconventional gas resources.
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Geothermal energy in the US has historically been concentrated in the West due to favorable geology, but emerging technologies have expanded the possibilities.
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Information collected from this University Geothermal Capability Mapping and Analysis Request for Information will be merged into a searchable online database powered by artificial intelligence.
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What we’ve learned about faster drilling in oil and gas applied just as well to geothermal development—until we reached The Geysers.
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