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Driller expects $370 million, all-stock transaction to close in early 2025.
The $220-million carbon capture and storage project is one of the world's largest with a nameplate injection capacity of 1.7 mtpa.
Petrobras said the unit serving the pre-salt field is designed to reduce up to 24% of emissions.
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The third quarter marked the first reporting period that two publicly traded US oil and gas companies did not combine since 2022. -
Canadian Natural Resources strengthens its position as a leading oil and gas producer in Canada.
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This first of a two-part series provides guidelines for designing and operating advanced produced-water systems on offshore platforms, covering fluid characterization, chemical treatment, equipment, process configuration, operations, and effluent quality.
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Over the past 75 years, drillers have gone from the Stone Age to the Space Age when it comes to technological improvements in well construction methods. Yesterday’s crude wood and iron drilling techniques have given way to today’s video game-inspired controls and robotic assistance—much of which migrated from offshore applications. These advancements have driven costs…
Since the late 1930s, the offshore industry has advanced from the first platform in 14 ft of water to the ultradeepwater 20K era. Driven by seismic, drilling, and development breakthroughs, the industry has pushed into deeper waters, high-pressure reservoirs, and new frontiers like Guyana, continually expanding the limits of offshore exploration.
The KRI has become a significant player in the oil and gas industry. The authors use production data from key fields to explore the factors influencing both individual fields and overall production. An overview of the challenges and milestones in the region’s oil and gas sector from 2014 to 2023 enhances understanding of its evolution, current status, and future oppor…
As Azerbaijan prepares to host COP29, JPT looks back at how the country prospered for millennia on its largess of oil and gas and its unique geography along the ancient Silk Road that today is traversed by pipelines delivering gas and oil to Europe from the depths of the Caspian Sea.
JPT’s first year of publication was one of groundbreaking events that would transform the global petroleum industry. A recap of developments in 1949 emphasizes the high hopes attached to the industry—and the ambitious goals of the new magazine.
The health, safety, and environment (HSE) discipline is one of the broadest in SPE, from the perspectives of both its scope and its cross-discipline impact. As JPT celebrates 75 years, former HSE Technical Director Roland Moreau examines some of the defining moments in the history of HSE in the industry, the growth of the discipline, and the challenges it still faces.
From the first supercomputer to generative AI, JPT has followed the advancement of digital technology in the petroleum industry. As the steady march of innovation continues, four experts give their views on the state and future of data science in the industry.
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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Maximizing profits in geothermal energy may require the flexibility to adjust output as electricity prices fluctuate. Battery storage can ensure power is available when prices peak. -
New and evolving artificial lift technology is helping operators improve production rates. -
Straddling Europe and Asia, the Black Sea is emerging as a frontier for deepwater gas exploration and production as Romania and Turkey drive projects complicated by subsea hazards found nowhere else on earth. -
Shale Ingenuity’s first pilot used common natural gas liquids to boost daily output 30-fold from a low-producing horizontal well in Texas.
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President's Column
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In this vodcast and column, Olivier Houzé explores the polarized views among SPE's members about the energy transition, highlighting the geographic and demographic differences. He examines historical perspectives on energy transitions, evaluates future scenarios, and discusses how SPE can adapt its mission to stay relevant.
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SponsoredTAQA's PulseEight Secure and SwellStack solutions avoid costly workovers and deferred production by riglessly retrofitting an alternative to failed subsurface safety valves. -
SponsoredIncomplete combustion results in harmful emissions like methane and carbon monoxide. Qube Technologies uses continuous-monitoring sensors to detect and address these issues in real time, reducing methane emissions by 61%. -
SponsoredDiscover how TAQA’s sustainable products are transforming cementing operations, reducing environmental impact, and enhancing performance. -
SponsoredDive into TAQA’s digitalization and deep learning initiatives that are shaping the company's new approach to its Journey Management System. This innovative concept minimizes transportation-related risks in a period of rapid operations expansion.
Technology Focus
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Experts at SPE’s Annual Technical Conference and Exhibition say that despite AI’s great potential, it’s important to be realistic about AI’s capabilities and to remember that successful projects solve specific business problems.
New names and new deals continue to reshape the US shale sector.
In this exclusive Q&A, Giovanni Cristofoli, senior vice president of bp Solutions, shares insights into how his team is redefining operational strategies and fostering agility to bridge competitive gaps and enhance efficiency. Highlights include the integration of digital tools, data science, and a unified approach to tackling complex problems.
The facility for open-source carbon capture, transport, and storage has been completed.
A new plan to secure electricity for the powerhouse of Texas oil and gas will cost billions of dollars to achieve.
Recent geothermal tests in Utah show major advancements in flow rates and efficiency, bringing enhanced geothermal systems closer to commercial viability.
Every year, SPE recognizes members who have made an exceptional effort to ensure the technical excellence of the Society’s peer-reviewed SPE Journal.
Using a new model, the federal agency said deepwater operations will drive the region's production to 1.9 million B/D next year.
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The SPE Europe Energy GeoHackathon aims at educating and disseminating knowledge to all the participants on how data science applications can support geothermal energy developments and drive the energy transition. Boot camps begin 21 October.
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The DOE-sponsored program brings together more than 100 entities from the geothermal and oil and gas sectors to build the future of cross-industry collaboration.
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Fervo Energy proved fracturing can harvest geothermal energy and is now rapidly learning to build a utility-scale power plant.
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