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The UK offshore Lancaster field was to prove that complex basement formations could be profitably developed. Instead, it is a reminder of how a long-term production test can drastically alter a reservoir model built upon years of exploration work.

The complete paper outlines some of the challenges involved in late-life field management and how Reserves assessment may be affected.

During the past decade, hundreds of unconventional oil and gas projects have failed to deliver the value sought by shareholders.

Even without the black swan event of COVID-19, the industry must critically examine the technical, commercial, and operational bases of the projects it proposes and executes. A logical, reasonable, ethical, and philosophical approach is critical to underpin good decision making and value creation.

In the complete paper, a philosophy for the future of EOR projects is developed through a series of questions that applies to the industry’s transition from completion of conventional EOR toward unconventional EOR.

ODDS—organization, due diligence, data, and scrub. These four important steps can make sure you are ready to implement artificial intelligence in a way that leads to a successful project.

Financial analytics company S&P Global and information provider IHS Markit announced they have agreed to merge in an all-stock deal that values IHS Markit at $44 billion.

The London-based company is seeking to restructure more than $3 billion in debt as it struggles to find work for its offshore fleet.

ExxonMobil has trimmed its future spending by more than 30% and said it will seek to divest from gas assets in the US, Canada, and Argentina.

Charles Bare, 1979 SPE President and an Honorary Member of the Society, died 25 October. He was 88.