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How do you make new money from old offshore fields? The choice between investing in older assets or decommissioning them depends on oil and gas prices, the ingenuity of technical people, and the willingness of a company’s executives to hold on to older assets.
An emissions-reduction study conducted for a Middle East operator identified potential annual savings of $10–$15 million, a 20% decrease in total Scope 1 CO2eq emissions, 10 MW of energy reduction, and delivered more than 100 recommendations for both technical and internal framework improvements.
Something often talked about but rarely occurs is the reuse of an existing, but idled, production platform on a new field. LLOG wants to change that with ambitions to rejuvenate the former Independence Hub floating production system for use on its Leon/Castile project in the deepwater Gulf of Mexico.
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Whitecap enters into the liquids-rich Duvernay play, including 74,000 acres with more than 250 identified drilling locations. -
ExxonMobil's departure leaves BP and Shell as the last international oil companies in Iraq.
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Another day, another deal for ProFrac.
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This year, the SPE Artificial Lift Conference and Exhibition–Americas will be held 23–25 August in Galveston, Texas, with the theme “Modern Artificial Lift–Adapting to a Changing Industry.” The event provides opportunities for technical professionals to gain insights into current trends and field experiences and explore innovative solutions. A special Legends of Ar… -
Terry Palisch is the nominee for 2024 SPE President. He and five others make up the new slate of nominees recommended for positions open on the SPE International Board of Directors. -
The drilling of wells in shale and granite shares a common need—faster drilling is required to make it work. -
What You Should Know About Offshore and Sour Gas CCS: High Cost, Leak Mitigation, and TransportationSoutheast Asia promises to be a compelling case study in how oil and gas producers will soon face the realities of scaling up carbon capture and storage projects.
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Researchers from the Offshore Robotics for Certification of Assets Hub teamed with EDF Renewables to use a modified remotely operated vehicle to conduct what they say is the first autonomous underwater inspection of wind farm foundations.
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The certification course, run by SeaBot XR, focused on critical topics such as mission analysis, situational awareness, cybersecurity, and resource management.
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Verlume and consortium partners are working to advance the development of a robotic fish designed for efficient offshore inspection.
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President's Column
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The SPE Strategic Plan to be developed needs to take into consideration the hardships and changes that have affected the industry and SPE members. It must provide a solid foundation to best serve our members’ needs into the future using a financially sustainable model.
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SponsoredNew direct-drive turbine technology is changing the face of fracturing for the better by lowering emissions up to 40%, reducing waste up to 99%, and decreasing overall systems costs by double digits – with a smaller footprint. -
SponsoredWell-monitoring technology gives oil companies the data and insights to boost production and derive maximum value from oil and gas wells. -
SponsoredGain deeper insights on your system and its performance. Use integrated modeling to explore the effects of changing conditions and equipment to avoid unplanned downtime. -
SponsoredHow is the evolution of cloud technology advancing data management in the upstream industry? How can a Software-as-a-Service (SaaS) approach empower operators to extract more value from their data? Read about the latest developments in a new white paper.
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One of the newest ways to plug and abandon wells and patch casing leaks involves an alloy that flows like water.
Hitting the next well during fracturing happens all the time. Predictably doing that on a large scale in granite looks a lot harder.
New automated technology is making it possible to run pressure pumps for days on end.
The second plenary session at URTeC this week highlighted the stark reality of both knowns and unknowns oil companies must face in the race to a carbon-free future.
Tanzania has signed an LNG framework agreement to reboot a plan to build an LNG export terminal on the Indian Ocean.
Sempra lands partners for a CCS deal in Louisiana, while Shell eyes newbuild ships for CCS transport. An offshore alliance targets floating wind technology, and global hydrogen projects gain momentum in the UAE, Africa, and Brazil.
A longer-than-expected repair period following the 8 June explosion could strand 2 Bcf/D of natural gas in the US.
NASA, the European Space Agency, and the British government are reconsidering an old idea to beam space-based solar energy to Earth in light of new technologies that might lead to commercial feasibility.
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A study of a limited number of decommissioned oil and gas wells in England found no evidence of methane leaks, including four wells found to be leaking in an earlier study.
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The deal grows the marine energy services company’s shallow-water GOM fleet by more than 30 vessels.
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A decommissioning project carried out by DOF Subsea on behalf of Repsol Sinopec Resources UK in the Central North Sea has achieved a 99% rate for the combined recycling and repurposing of recovered materials.
![Hero_England decomm study Map[2].jpg](https://assets.spe.org/dims4/default/93ba1ad/2147483647/strip/true/crop/1024x576+0+109/resize/320x180!/quality/90/?url=http%3A%2F%2Fspe-brightspot.s3.amazonaws.com%2Ff1%2Fa7%2Faf022d414b7fa6e8095a8c91b91e%2Fhero-england-decomm-study-map2.jpg)
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