Testing page for app

Innovating internal systems at Exxon inspires executives to create a forum for the oil and gas industry.

Approved in October, the Flow Measurement Technical Section will help engage the greater SPE technical community in flow-measurement-related issues and technologies. It will cover the full spectrum of flow measurement, including single-phase and multiphase flow.

As completions activity slows down in the US, the second service company in a week’s time has said it is exiting the business of hydraulic fracturing.

Three appraisal wells drilled this year—GTA-1, Yakaar-2, and Orca-1—targeted nine hydrocarbon-bearing zones, encountering gas in high-quality reservoirs in all zones and yielding a combined 160 m of net pay.

As this year comes to a close, it has been defined by some big themes in oil and gas data management: innovation, collaboration, governance, stuck proofs of concept, trendy tech, and oil shaming.

Citing shipping data from Bloomberg Finance, the US EIA estimates that LNG exports set consecutive records in October and November 2019. Through the first 11 months of the year, US LNG exports have gone up 61% from their 2018 annual average.

Directional drilling and measurement-while-drilling technology has become so democratized in the Texas shale sector that no provider holds more than 8% of the market share.

The unmanned development is expected to add 80 million BOE of production to the aging Norwegian North Sea field. Aker BP said it aims to produce 1 billion BOE from Valhall over the next 40 years.

With production set to begin from the large Leviathan field by the end of this year, the Israeli government signed off on the final permits to allow for its first exports. Leviathan contains approximately two-thirds of all the gas resources discovered offshore Israel so far.

Total has agreed to acquire interests in two blocks in the offshore Kwanza Basin from Angola’s state-owned Sonangol and has received an extension on its offshore Block 17 production licenses.