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The oil- and gas-production industry has experienced dramatic price swings over the past year. Crude-oil (spot) prices have varied from more than USD 120/bbl to less than USD 40/bbl since the third quarter of 2014.

SPE's 2015 round of winners has been announced for the Henry DeWitt Smith Fellowship, the SPE Foundation Gus Archie Scholarship, and the Imomoh Scholarship.

Low oil prices translate to a rapid drop in production. They will also lead to a series of secondary effects such as debt defaults from deflation, loss of jobs, collapse of oil exporters, and loss of credit needed for exports. These will eventually lead to a rapid decline in oil production.

The oil price cannot be USD 20 for any long period because we cannot produce enough oil to feed the world at that price. But if the price of oil is based on supply and demand, how could it fall to USD 20 at any point in time?

Nontechnical risks, primarily around HSE or social responsibility, increasingly pose risks to project timelines. To manage these risks, companies are seeking systems that can ensure quality performance in these operational areas.

India has unveiled a plan to auction 69 small and marginal oil and gas fields with estimated proved reserves of 89 million tons of oil equivalent to local and foreign investors.

After offering incentives to international operators last year to drill in Argentina, the country still has more work to do in attracting foreign investment.

Oil markets displayed their manic-depressive side in August, dropping to around USD 40/bbl early and jumping back to near USD 50/bbl at month’s end.

Newly developed ambient seismic imaging methods provide valuable information throughout the life cycle of an unconventional field.

A biotechnology company from the San Francisco Bay Area is selling a futuristic solution to an old problem: lubricating drill bits grinding though rock.