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The deal marks the biggest injection into Libya's flagging oil and gas industry in 2 decades, but not everyone in the ruling government is on board.
M&A market activity in the fourth quarter fell from the third-quarter high to $13 billion.
A company plans to use compressed air to store energy underground in California. The US Postal Service makes a historic announcement. India and Brazil set their sights on green hydrogen, and ammonia cracking takes center stage in Germany.
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The Oklahoma City-based operator struck the first big US shale deal of 2023 as it pivots toward natural gas developments. -
A big jump in the tax incentives offered for putting CO2 in the ground, hopefully forever, has set off a mad rush to sequester CO2. But is that really the best option?
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The North Sea's largest producing field has shut in about a quarter of its total production capacity as repairs are made to faulty equipment.
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SPE’s Board of Directors approved changes to SPE’s bylaws at their meeting on 21 January 2023. Read about these changes and the process followed in making them. -
Membership rose slightly as industry recovers from the pandemic, while the composition of the membership continues to change.
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One of the problems with geothermal is that the rock that is hot enough to create the steam needed to run a power plant is also capable of destroying drilling hardware. -
To evaluate performance of a range of blended inhibitors, a trial was run on a North Sea produced water system which was applying monoethanolamine (MEA) phosphonate-type scale inhibitor as well as novel cleaning programs to counter a high carbonate saturation ratio in the heater. The objective was to find an improved scale inhibitor formulation that would outperform M… -
Satellite imaging of methane emissions offers the fossil fuel industry the empirical data it needs to fix problems that companies might not even know they have before the EPA starts to levy fines in 2024. -
Industry leaders are harnessing the power of data to improve efficiencies, eliminate nonproductive time, and reduce Capex.
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President's Column
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Among the outcomes from COP27 that SPE will be discussing in future meetings and publications are the participation of the oil industry in the conference, decarbonization vs. reduction, and attempts to phase out petroleum. Also, read about how SPE Energy Stream selects and presents live and on-demand programming.
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SponsoredWith many countries pledging to meet net zero targets, companies can seize the opportunity to become leaders in sustainable energy to support those net zero plans. -
SponsoredWhy oil and gas companies can’t get the data they need for production optimization (and how to change that). -
SponsoredBy revealing details at the perforation-level, the application of video-based analytics enables operators detect, understand, and effectively manage production issues at a much earlier stage, leading to more decisive action and significant economic advantage. -
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A critical challenge for those designing carbon dioxide storage sites is predicting where the injected gas will go. One of the only sure bets is to assume that any model of a gas plume that looks symmetrical is likely wrong.
Before 2012, water management for unconventional oil and gas plays was in its infancy and was trying to keep up with operations. Today, many of the initial challenges have been resolved but new challenges persist. What does the future hold for water in the US onshore unconventional plays?
As was announced in JPT’s SPE News in September, SPE CEO Mark Rubin will be retiring in 2023. An SPE Search Committee has been formed, and it has engaged the services of Korn Ferry to coordinate the search for the new senior executive of SPE’s staff.
The authors of this paper describe a three-way coupled modeling approach that integrates dynamic, geochemistry, and geomechanics models to obtain cumulative effects of all three changes to evaluate future carbon dioxide storage.
Instead of insights, traditional economic yardsticks in mature fields can create surprises. Buyers, investors, and lenders need new yardsticks—besides those based on present value—in order to make profitable decisions in mature properties.
Malaysia plans to launch its 2023 bid round in Q1, hoping to exceed last year’s completion of 18 exploration wells that boasted a 60% success rate in new offshore hydrocarbon discoveries.
The SPE Hydraulic Fracturing Technology Conference and Exhibition is being held 31 January–2 February in The Woodlands, Texas.
ADNOC lays out a $15-billion installment in its long-term plan to reduce its carbon footprint.
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The two companies said they will work together to try to find the best places to develop geothermal energy and advance the necessary technologies to commercial scale.
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Chevron and Occidental plan to launch separate projects to help secure the commercial future of geothermal development in the US.
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The oilfield service giant has identified the nation's potential geothermal sweet spots after analyzing data from more than 7,000 wells.
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