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Created by the Institute for Energy Technology in Norway in 1979, Olga was the oil and gas industry’s first transient multiphase flow model. A source of national pride, the program has been declared one of the country’s most important innovations in recent decades.

Concerns about the usage of water and chemicals and the environmental effect of large numbers of wells signaled the need for new thinking to address these concerns.

In the realm of enabling technologies, multiphase flow modeling has proven to be one of the most important to the oil and gas industry. Without it, nearly all subsea wells would be too costly or dangerous to develop.

Shale oil and gas wells use a lot of water in fracturing operations. Each well may use up to 8 million gallons, and as much as 35% of this can return as flowback water. Safe disposition is completely feasible and, in fact, is being broadly practiced today.

Expectations of continued USD 100/bbl of oil were shattered by a sharp price drop last year that eventually halved the prices of benchmark crudes. Prices were still sinking at the start of the year to lows not seen since 2009 due to a global oversupply of oil.

The SPE Separations Technology Technical Section (STTS) will hold a three-webinar series on the theme of gas scrubbing technology this year with the first to be held on 3 March.

Where will the next big idea come from? A number of oil and gas giants are looking to the stars. Not literally, but oil companies are convinced that valuable synergies can be gained by working closely with other industries facing similar challenges.

The Produced Water Handling and Management Symposium will be held 20–21 May in Galveston, Texas.

Southwestern Energy plans to be freshwater neutral in its hydraulic fracturing operations by next year, and the company is well on its way to achieving that goal, said the leader of the group responsible for bringing it to fruition.

Young professionals guide recent graduates to the career opportunities available in the US, Canada, and the UK.