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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.
It has often been considered risky to use heavy drillships in depths below 2,000 ft. However, a good measure of innovation and market timing has recently proved otherwise.
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.
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Tellurian awarded a contract that will result in the first application of the service provider's integrated compressor line technology in North America. -
Whitecap enters into the liquids-rich Duvernay play, including 74,000 acres with more than 250 identified drilling locations.
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The deal with Manulife gives Oxy unit 1PointFive access to 27,000 acres of subsurface pore space for carbon sequestration.
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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… -
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. -
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.
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The paper presents a time-domain electromagnetic tool capable of quantifying four barriers individually and inspecting a fifth barrier qualitatively.
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The paper describes an approach to estimate and remove guided-wave noise from array hydrophone data to improve accuracy of leak-source locations.
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The paper describes a sensing system using distributed fiber optics that showed promising preliminary results for use in detection of riser gas in the form of kicks.
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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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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. -
SponsoredFrac operators are continuously challenged by pressures to increase ROI and simultaneously decrease emissions. But is it really possible? New technology released in February from Catalyst Energy Services proves that it is possible. And the results are compelling.
Technology Focus
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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.
What You Should Know About Offshore and Sour Gas CCS: High Cost, Leak Mitigation, and Transportation
Southeast 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.
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.
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.
The project partners and government came together to salvage the stalled East Canada offshore project now due to produce first oil in 2026.
A longer-than-expected repair period following the 8 June explosion could strand 2 Bcf/D of natural gas in the US.
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The suite of tools includes a digital platform for sharing emissions data, an agreed set of definitions that nails down what different terms mean, a single set of metadata definitions, and an API through which users can access data. When used together, these tools provide an integrated perspective on what emissions are coming from where.
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A trio of new satellites that use infrared sensor technology are now flying around the Earth at a speed faster than 4 miles per second.
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ExxonMobil has won an independent certification level for managing methane emissions in its New Mexico shale operations and is the first company to meet the standard for associated gas.
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