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When he started his firm focused on removing obsolete offshore structures, Brian Twomey chose the name: Reverse Engineering Services. The thinking was that taking out a structure is like building it, but in reverse.

Making hole has become a more difficult and complex operation as operators move into untapped horizons, especially deepwater and unconventional fields.

In April, downhole chemical technology provider Flotek Industries acquired water-based, drilling fluid-additive technology from ARC Drilling Fluids.

Almost every aspect of modern society is supported or influenced by energy—and yet it is one of the least understood and possibly one of the most reviled industries on the planet.

Petroleum industry professionals reported an average total compensation of USD 214,328 in 2014, compared with 203,557 in 2013 and 223,472 in 2012.

What does a sense of purpose have to do with anything, you may ask? The exploration and production (E&P) business is about rocks, rigs, and remotely operated vehicles (ROVs).

Higher than normal oil prices during the past few years have led to a sharp rise in spending on upstream technology and innovation. The investment drivers are the need to extend the life of producing assets, improve operational efficiency, access new resources, and improve safety.

Over the past 200 years, since the days of the Industrial Revolution, we have experienced several waves of innovation, which have had a profound effect on our everyday lives.

The SPE Training and Member Programs departments took on the task of creating an intensive and industry-specific means to help spur the development of leadership abilities particularly of younger E&P professionals.

As the shale revolution changes the map of oil and natural gas development and shifts the balance of production between regions, public acceptance is an increasing challenge.