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Future updates will target current data weaknesses such as real-time pipeline flows and tanker offloading.
It has been a busy month so far for the oil and gas industry’s venture capital groups. Find out which operators are making moves and which technology developers are turning heads in this latest roundup.
Forecast sees 12% boost in the region’s crude production by the end of 2022.
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Under pressure from the Kingdom to help boost the private sector’s contribution to Saudi Arabia’s GDP to 65% by 2030, Aramco secures a cash payout of $12.4 billion in one of the world’s largest energy infrastructure deals ever. -
Total’s $5.1-billion Lake Albert development with CNOOC brings Uganda into the club of oil-producing nations while it positions the French major as the dominant player in African oil and gas. -
Asian markets continue to represent the leading edge of global economic growth, and with many of the international oil companies divested from the region, Southeast Asian operators in particular see themselves well positioned for the future. -
The honorees will be recognized later this year at the OTC Distinguished Achievement Awards Luncheon.
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Schlumberger has won a $480-million contract to drill 96 oil wells in southern Iraq for the country’s Basra Oil Company and for ExxonMobil, which operates the giant West Qurna-1 field with partners from Iraq, Japan, Indonesia, and China. West Qurna-1 is one of the world’s largest oil fields.
NASA is undertaking a drilling project on the Moon—the first on any planetary body outside the Earth. The mission’s purpose, collecting subsurface soil and ice samples to search for water beneath the lunar surface, is being compared to collecting core samples on Earth and will use technologies, such as a rotary-percussive drill, that have been adapted from those for h…
Ease of use and crowd-pleasing economics are driving US shale producers toward wet-sand completions. Chesapeake Energy is among the latest converts and explains why it wants to use wet sand on every new well.
Algorithms are taking over the world, or so we are led to believe, given their growing pervasiveness in multiple fields of human endeavor such as consumer marketing, finance, design and manufacturing, health care, politics, and sports. The focus of this article is to examine where things stand in regard to the application of these techniques for managing subsurface en…
Will the oil fields of today become the hydrogen fields of tomorrow? Calgary-based Proton Technologies says this is possible and hopes to prove it soon after inking multiple licensing deals with other oil and gas companies.
Petrolern has received a $1.15-million grant from the US Department of Energy to develop and commercialize its technology that models in-situ stresses by using available data.
ExxonMobil submitted a proposal to Colombian authorities to develop a hydraulic fracturing pilot project in the Magdalena Basin. Colombia wants to drastically raise its declining reserves-to-production ratio by tapping into shale.
A look behind-the-scenes reveals what it takes to protect innovative ideas in the fast-moving US shale sector—key lessons learned, pitfalls to avoid, and how to do it the right way, as told by two of the operator's intellectual property (IP) protection leaders.
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Monthly Features
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The Gas Exporting Countries Forum (GECF) forecasts in its annual global gas outlook that natural gas will comprise nearly a third of the global energy mix by 2050 and fuel more than half of the world’s electricity production. So, when it comes to fixing climate change, natural gas is one fossil fuel that can’t be dismissed. The 11 countries comprising the GECF control… -
At least a dozen satellites are being built to orbit the Earth in search of methane leaks. They will be measuring methane flows, and some will be able to identify the source down to the facility level. -
Technology is advancing, and applications are growing, but scaling faces technological and human challenges. -
Artificial intelligence is opening new ways to analyze data from microseismic events that occur during hydraulic fracturing. One researcher at Moscow’s Skolkovo Institute of Science and Technology is building a convolutional neural network to get a subsurface view of permeability after fracturing.
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A well-flux surveillance method to monitor and ramp up production for openhole standalone screen completions is described that optimizes production by considering risks of production impairment and screen-erosion failure. -
Skipping one traditional step in the supply chain might save oil and gas companies hundreds of millions of dollars a year while making a meaningful dent in emissions.
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Field examples presented in the complete paper describe principles of data acquisition with a sand-detection tool when run in combination with a production logging string and results of logging in slightly deviated wells completed with sand screens.
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President's Column
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Students seeking internships and permanent employment are being challenged like no other time in the history of our industry. Along with guidance, SPE President Tom Blasingame shares his outlook on the future of the oil and gas industry and the opportunities it offers.
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SponsoredRead the latest research about data management's role in supporting digital transformation in the upstream industry -
SponsoredMoving to an electronic permitting process can ensure proper and timely authorizations for work between office and field. -
Sponsored2020 was a pivotal year for the energy industry. As we look to the future, how can we leverage our collective knowledge to make step-change improvements to our operations and field development programs? Capitalize on a new learning opportunity that will help make our next chapter our finest. -
SponsoredThermo Scientific e-Core Software is a unique, high-performance computing platform for the characterization of complex porous media. It focuses on the three essential components of Digital Rock Analysis: parallel computing, multiscale modeling, and process-based reconstruction of 3D volumes.
Technology Focus
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The paper describes the steps that have already been taken to create an industry-wide group that includes operators, class regulators, and service providers to agree on the primary challenges and to encourage development of practical solutions in a cost-efficient way.
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On the normally unmanned Valhall Flank West platform, the survey of a 1-year-old box boom pedestal crane featured auto-testing of the automatic overload protection system. A similar inspection program was performed on two knuckle boom cranes on a FPSO vessel in Skarv.
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Monitoring of corrosion in process pipelines has always been of paramount importance in ensuring plant-asset integrity. Similarly, steam traps play an important role in ensuring steam quality and, thus, the integrity of critical assets in the plant.
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