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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.

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.

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.