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The supermajor will gain a 60% working interest and assume operatorship in the AREA OFF-1 block.
The tie between US crude output and key indicators such as rig counts and the number of new wells has significantly weakened.
Majors and independents alike are targeting high-impact wells across the globe to boost future oil and gas production volumes.
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Devon Energy along with petroleum engineering consulting and software firm Whitson and cloud computing company Snowflake developed a system to monitor the dynamics of 5,000 wells. -
Early adopters of large language models praise the technology’s promise to advance upstream research and software development while also offering cautionary notes.
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Offshore Technology Conference Asia 2024 officially launched in Kuala Lumpur with more than 20,000 attendees, sponsors, exhibitors, and students registered from over 75 countries.
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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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Executives from BKV Corp. share why the mid-sized natural gas producer is diving headfirst into carbon sequestration projects and why you should too. -
Chevron has some new ideas on how to get more oil for less cost out of shale wells in their early years. -
The Libra Consortium, led by Brazil’s Petrobras, has developed a method of separating carbon dioxide from reservoir fluids at the seafloor rather than the FPSO topsides. -
Casing deformations are common in the south-west shale regions of China and the Middle East, where the widespread use of 5.5-in., 26- and 26.8-lb/ft casing is the norm. In these regions, the majority of frac plugs are designed with an outer diameter (OD) of 4.055 in. or slightly larger, which frequently encounter restrictions resulting in the loss of bottomhole assemb…
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President's Column
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SPE President Terry Palisch is joined by Dana Otillio, vice president of SPE’s marketing and communications, to discuss how members can maximize their membership by leveraging multimedia content.
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SponsoredSmart completions using autonomous outflow control devices significantly helped in improving reservoir management and increasing oil and gas field productivity by enhancing the injection wells' performance. -
SponsoredWith more surface facilities and infrastructure in oil and gas fields, well casing integrity is becoming an even bigger challenge. This article sheds light on the optimum way to deal with the increasing casing integrity challenges in the Middle East through field monitoring and time-lapse casing-integrity and corrosion-inspection logging. -
SponsoredMOSAIC's advanced Automated Reconciliation to Reserves Workflows enhances accuracy, speeds up processes, and meets the need for precise asset valuation. Equip your reserves teams with reliable information and insights to reduce uncertainty, boost efficiency, and make smarter business decisions. -
SponsoredDiscover how improving flare measurement accuracy can alleviate your reporting problems.
Technology Focus
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Sage Geosystems said it will use the new equity funding to build a geopressured geothermal system by year's end.
New studies examine whether two innovative well designs should have a bigger role to play in the race to get more value out of tight rock reservoirs.
Backed by more than $28 million in fresh investments, XGS Energy is prepping to introduce a new technology called thermal reach enhancement.
This article describes how Oxy developed an in-house application to handle critical production operations tasks including surveillance, optimization, downtime entry, and well testing. The application, called Nexus, allows well analysts and production engineers to manage twice the number of wells they were able to manage just 5 years ago.
Mitsubishi, Kraft Heinz, and Petrobras develop plans for hydrogen plants, and the US Department of Energy funds projects throughout the country.
With negotiations dead on arrival with Russian independent major Lukoil, Iraq is asking Gazprom to take over development of the Nasiriyah oil field south of Baghdad.
Long the subject of rumored deals, Endeavor Energy is being snapped up at last in a deal valued at $26 billion.
ExxonMobil’s Liza Phase 1 and Phase 2 project and ADNOC’s CCUS Evolution Journey were the winners at the conference taking place this week in Dhahran.
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One area where the untapped potential of geothermal energy has been realized is in harnessing thermal energy from abandoned or inactive oil and gas wells. Such wells could be exploited for electricity generation or direct use through well repurposing.
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Former CTO of ConocoPhillips, Greg Leveille, makes the case for why more oil and gas professionals should take notice of the new-age geothermal space.
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In its 2024 outlook, Enverus expects 3-mile-long lateral sections to become a new normal in the Permian and suggests the budding geothermal and lithium arenas may be the real deal.
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