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ADIPEC 2021 will be the first major energy exhibition and conference taking place after COP26, where CEOs, government ministers from around the world, and energy experts will set out the future of the sector.
Applications will now be reviewed, and licenses will be awarded sometime in 2022.
Yamal LNG Resource, a subsidiary of Russia’s Novatek, has won exploration and production licenses to expand its Arctic resource base for sustained long-term growth of its LNG business.
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Russia’s Nord Stream 2 pipeline is now complete, although gas will not be flowing until regulators issue various approvals, expected by the end of the year. -
Shell moves nonessential personnel off its Perdido deepwater platform as a result of Tropical Storm Nicholas.
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Amid investor pressure, ExxonMobil taps its Poker Lake facility in New Mexico as the company’s first for natural-gas certification.
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In a natural pivot from oil and gas E&P, former oilfield executives are taking up the hunt for helium. Helium is used in a wide variety of products, such as rocket ships and computer chips, and, while there is still plenty left to find on Earth, finding quality commercial quantities can be a difficult task and reserves are running low.
The contracts will cover concept and other project engineering services for at least the next 5 years.
Russia is pouring investment into liquefied natural gas projects as it seeks to leverage the world’s largest natural gas reserves together with the logistical advantages of delivering it at a competitive price to Asia and Europe along the now-navigable Northern Sea Route.
Recent history has taught the unconventional sector that overly optimistic production forecasts can backfire. Going forward, one solution may be to combine financial and subsurface models to better communicate expectations.
Petroleum engineering will be needed for decades to come to provide the required energy for the world and help alleviate the challenges of climate change. It will evolve into energy transition as it has been changing since its inception in modern history.
Eastern Canada offshore heats up with Flemish Pass drilling plans
After more than 2 decades of talk, multiple millions of dollars in investments, and a decade’s worth of joint industry projects, operators are starting to get on board with electrification as the base case for subsea solutions.
Extended-reach drilling is becoming more of a mainstream technology as the industry seeks to squeeze difficult reserves and reduce the footprint of projects in fragile environments.
Monthly Features
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Traditionally, wireline or logging-while-drilling formation-testing technology has been the most accepted means of reservoir fluid characterization. But when those fluids are contaminated by mud filtrate, acoustic data can be used for fluid characterization during downhole sampling to successfully track and quantify small changes in oil compressibility. -
The application of an extended-release scale-inhibitor in approximately 70 vertical conventional wells in the Permian Basin has shown approximately three times better performance compared to the incumbent chemical. -
Brazil has plans to create a competitive gas market. Equinor is operating two big projects that could offer a model for how a company not named Petrobras could market gas produced offshore. -
The impact of orphan wells, both on the environment and on tightening budgets, is a growing concern in the industry. Boom times result in a vast uptick in wells drilled. In bust times, when companies disappear, the liability outlook for these probes gets murky and federal and state governments start looking for answers.
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Purchasing carbon offsets is a widespread means of attempting to meet carbon-reduction and net-zero emissions goals across many industries. Also widespread is the increasing scrutiny of the practice. How “real” are the offsets? How are they quantified and verified, and by whom?
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The company’s 2021 Energy Transition Outlook says the Earth likely will miss the 2°C goal of the Paris Agreement and the window to get back on track is closing rapidly.
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The energy transition was present but not at center stage at recent earnings calls as majors celebrated their improving financial performance.
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President's Column
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Kamel Ben-Naceur will take office as 2022 SPE President during the 2021 SPE Annual Technical Conference and Exhibition this month in Dubai. He shares his views of the challenges and opportunities for SPE members, his outlook for our industry, and what his goals will be during his presidency.
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SponsoredEnergy businesses want to reduce document-driven processes and replace them with digital workflows, but often don’t know where to begin. An Integrated Requirements Management approach has a swift time to value. It’s also a significant step towards applying a digital lifecycle mindset across the enterprise. -
SponsoredWellbore deformation can occur at any stage in the life of a well. Whether a result of changes in temperature, pressure or tectonic forces, wellbore deformation may result in serious downhole issues such as restricted access for interventions or the loss of well integrity that may ultimately lead to premature well abandonment and significantly reduced economic perform… -
SponsoredExtended reach wells provide access to otherwise inaccessible areas, improve production and reduce footprint. Advancements in completion technology allow producers to eliminate coiled tubing, perforation guns and milling out operations to lower project risks, costs, and environmental impact. -
SponsoredBefore you pump materials down your well, be sure you fully understand the effectiveness of your friction reducers and gas migration slurries.
Technology Focus
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Advanced robotics is poised to make a big splash in the oil and gas industry, but when and just how big will it be?
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The risk-management firm is teaming up with academia and a robotics specialist for a research project focused on automatic processing of data gathered by autonomous and remote-controlled vehicles.
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Saudi Aramco is accelerating the adoption and scaleup of disruptive and multipurpose robotic technologies to deliver safer, cost-effective, and efficient inspection capabilities, emergency response, aerial mapping, project monitoring, security surveillance, and environmental monitoring.
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