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The recent IHS CERAWeek conference in Houston brought ­together high-level executives. Over 5 days of discussions and panel sessions, several key themes emerged about the current state of the global oil and gas industry.

In this paper, the authors introduce a novel semianalytic approach to compute the sensitivity of the bottomhole pressure (BHP) data with respect to gridblock properties.

This paper critically investigates the impact of using realistic, inaccurate simulation models. In particular, it demonstrates the risk of underestimating uncertainty when conditioning real-life models to large numbers of field data.

History matching is only one part of something more comprehensive—reservoir modeling.

In this paper, the authors derive and implement an interwell numerical simulation model (INSIM) that can be used as a calculation tool to approximate the performance of a reservoir under waterflooding.

Everhart Energy Technology, a startup company based in Beverly Hills, California, has developed a system it believes will help small to medium-sized operators cope with the reality that, while oil prices have fallen, their electric bills have not.

One of the latest offshore innovations from Statoil is nothing flashy, which is the point. A drawing shows a plain, steel jacket, standing in water 110 m deep, topped with a flat metal deck.

Achieving greater efficiency in perforation systems can help lower operating costs, particularly when completing long horizontal wellbores in unconventional plays.

The deepwater blocks Mexico plans to lease to international operators in December are among the deepest, most remote, and geologically challenging in the world. But the difficulties of developing these areas will start onshore, where adequate and secure port facilities are few and far between.

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.