Testing page for app
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Holding little back, speakers at the annual IHS CERAWeek conference in February discussed how the industry has been shaped by the disruptive impact of North American shale production and predicted that many more months of financial pressure will spell the end for some companies.
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Russian oil production has remained on a growth path despite the plunge in oil prices because producers have built their business on producing oil for less than USD 30/bbl.
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What is observed when an unconventional well is fractured is often at odds with what was expected by those who planned the job.
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When it comes to hydraulic fracturing, steadiness may not be a virtue. That was the conclusion of a test to see if rapid pump rate variations would lead to greater production than conventionally fractured stages when the pressure was held steady.
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With the outlook for the oil and gas industry very much unsettled, the Offshore Technology Conference (OTC) will offer global energy professionals a world-leading forum for obtaining the in-depth knowledge of scientific and technological advances and innovations to meet today's challenges.
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It has been over a year since Repsol and IBM announced their plans to jointly develop cognitive technologies that would allow human decision makers operating in the oil and gas industry to interact with computers more effectively.
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Darcy Spady has been nominated for 2018 SPE President, and seven other members were nominated to fill vacancies on the 2017 SPE Board of Directors.
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For the more than 7 billion people on our planet, every measure of quality of life, from gross domestic product per capita and infant mortality, to education levels and access to clean water, is correlated to the consumption of modern fuels, including oil and gas.
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Are fugitive releases of natural gas and flaring environmental concerns? Can these be ameliorated today and even better in the future? Yes and yes.
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Two places that illustrate the mounting challenges facing the shale business are the Bakken Shale in North Dakota, where the number of working rigs is one-third what it was a year ago, and the Fayetteville Shale in Arkansas, where there are no more working rigs.