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The report focuses on the effect of data analytics on reservoir engineering applications, more specifically the ability to characterize reservoir parameters, analyze and model reservoir behavior, and forecast performance to transform the decision-making process.

Should that outside hotshot lead your digital transformation work or an insider who knows more about the culture and customers?

Production and Facilities Technical Director Bob Pearson offers some end-of-year “housekeeping” tips for SPE members.

This paper investigates the most important independent variables, including petrophysics and completion parameters, to estimate ultimate recovery with a machine-learning algorithm. A novel machine-learning model based on random forest regression is introduced to predict estimated ultimate recovery.

The Australian operator's A-6 offshore development, Myanmar's first ultradeepwater project, will supply gas to the country's domestic market, with some gas from Phase 1 also moving via pipeline to Thailand.

BP has signed a deal with a joint venture between Petrofac and SOCAR, the Azeri state oil company, to support its osshore and onshore operations in the Caspian Sea. These include the offshore Azeri-Chirag-Gunashli and Shah Deniz fields, along with the associated Baku-Tbilisi-Ceyhan pipeline, the South Caucasus pipeline, and the Western Route export pipeline.

Harold Hamm will take over as executive chairman of Continental Resources effective 1 January 2020, stepping down from his CEO position. William Berry, a former ConocoPhillips executive and current member of Continental’s board, will succeed Hamm as CEO, and current president Jack Stark will assume the additional role of COO.

Chevron has signed a deal with Daewood Shipbuilding and Marine Engineering (DSME) to build a hull for the semi-submersible floating production (FPU) unit at its Anchor projec tin the US Gulf of Mexico. The contract maked the South Korean shipyard's first platform order in 5 years.

The latest move to consolidate the US shale sector will add 1,500 drilling locations to the buyer's portfolio. It also reflects that all-stock or mostly-stock deals are now the sector’s preferred acquisition vehicle.

The company said it will avoid the pumping business's “structurally disadvantaged position” and instead focus on well servicing and water logistics.