Testing page for app

Natural fractures can have a significant effect on fluid flow by creating permeability anisotropy in hydrocarbon reservoirs.

A radical digital revolution is happening all around us (or so we are told). Applying this to reservoir simulation, we apparently need to understand better when and, more importantly, when not to use such technology—to appreciate its bounds, its limitations, its range of validity, and so on.

An SPE workshop held recently in Xian, China, examined effective and efficient development of fractured carbonate reservoirs. It was the third workshop sponsored by China’s Sinopec and attracted 80 attendees representing 13 organizations from seven countries.

Saudi Aramco’s aim to localize oilfield services in the kingdom is taking another step forward with an onshore drilling partnership with National Oilwell Varco.

GATE will provide facility commissioning and Subsea 7 will provide a pair of infield production flowlines and the umbilical system for Shell’s recently sanctioned deepwater GOM development.

The Alaska Gasline Development Corp., a state-owned corporation, is preparing an equity offering for this summer for its $43-billion LNG project. BP agreed to sell natural gas from Prudhoe Bay for export to Asia-Pacific.

New local content regulations could speed up the pace of presalt oil production by more than 21 billion bbl by the mid-2020s. Karoon and Parnaíba Gás Natural are the first companies to apply to change their contract terms. Petrobras, Shell, BP, ExxonMobil, Petrogal, and Anadarko are also interested.

This paper highlights a pragmatic approach to managing carbon emissions from offshore installations operating on the UK Continental Shelf, while maintaining competitiveness and maximizing economic recovery, by illustrating the key challenges and opportunities.

Natural gas, long promoted as a “clean” alternative to other fossil fuels, may not be so clean after all. That’s because its main ingredient, the potent greenhouse gas methane, has been leaking from oil and gas facilities at far higher rates than governmental regulators claim.

GE announced today that it is spinning off Baker Hughes in its strategic plan for growth and shareholder value creation. It plans to focus on aviation, power, and renewable energy.