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It has now been nearly 3 months since the one-two punches of an unprecedented modern-day pandemic and a free fall in oil prices due to the oversupply of oil resulting from a tremendous, sudden drop in demand.

Nymex WTI crude opened Monday on track for its worst day on record, falling nearly 40% to $11.05/bbl on the back of excess supply vs. low demand and dwindling storage capacity.

Following the Deepwater Horizon incident in the Gulf of Mexico, the industry put in place comprehensive initiatives to improve offshore safety. This article outlines the status of two initiatives, a summary of the current focus areas to enhance safety, and SPE’s contribution to them.

When the world reopens, it will be flooded with the opportunities and tools that extended-reality platforms have to offer.

Many of us are working remotely now, which generally means we are in our homes in makeshift cubicles or an office setup. Among the faces supporting the industry are another group of remote workers: the offshore and onshore personnel working in remote locations around the world.

Most history-matching studies have fixed resources—that is, the team of engineers and geoscientists is predetermined. Moreover, the deadlines are always very strict. This constrained scenario often leads to an unfortunate result: The quality of the study suffers.

Many reviews of unsuccessful digital-transformation projects point to the lack of the proper organizational culture for the adoption of digital oilfield solutions. What is the right organizational culture for a data-driven enterprise?

Machine learning can provide accurate prediction of annular pressure buildup, first-year oil production, and (in conjunction with novel casing accessories) the time and location of water breakthrough along a lateral wellbore.

A new report shows that the worst of the ongoing downturn may be soon over. A gradual recovery to global oil markets is expected to begin in the next few weeks.

The planned JV is for one of three LNG terminals GCL is planning to build in China.