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Even a robust adoption of electric vehicles in the next 2 decades would not eliminate the growth of either global oil consumption or carbon emissions, BP Chief Economist Spencer Dale said at the rollout of the company’s 2018 Energy Outlook.

The US supermajor continues to evolve its global strategy by pulling out of once-promising Russian partnerships and adding to its offshore Guyana oil drilling bounty.

The scheme by OPEC and non-OPEC producers to collectively curb oil production has brought stability to the global market—which, as a result, could soon be awash in “a second wave” of US shale output growth.

Although the oil and gas industry can be full of surprises, its executives tend to rally around a consensus point of view on where the market and industry are headed.

As the SPE 2018 President, I set a goal to revisit the SPE strategic plan, which was last updated in 2013.

Falling costs and breakeven prices, increased operational efficiencies, and favorable government policy are at the heart of a potential short-term boon in Gulf of Mexico production.

Colorado’s industry lacks the size, variety, and Wild West characteristics of Texas, but that is precisely why the Centennial State’s oil production is surging to record levels.

A small group of engineers are turning a geeky focus on how to better control the flow of fluids through the holes shot in the casing to increase the number of spots stimulated, and ultimately production.

A new holistic approach to optimizing wellbore economics is bridging the gap between planning and execution and bringing well construction into the digital era to improve data use, enhance collaboration, boost efficiency, and increase safety.

The goal of cognitive computing is not to eliminate humans but allow highly skilled professionals to spend time doing what’s most valuable for the company.