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With almost 10 Bcf/D of liquefaction capacity scheduled to go into service by 2025, a new report from Moody’s says that US LNG exports should help solidify a floor under natural gas prices as LNG markets see a shortfall in supply.

The confluence of alternative energies, shifting public sentiment, and the industry’s own improvements to existing fields may upend the industry’s “engine of growth.”

Completion comes despite two cyclones disrupting the project area during installation, McDermott said.

Kuwait Oil Co. signed a $597-million offshore drilling services contract with Halliburton for six high-pressure/high-temperature exploration wells on two jackup rigs in the Arabian Gulf.

As Permian production ramps up and saltwater disposal well capacity is pushed to its limit, companies see a need to develop collaborative, commercially viable methods of handling produced-water volumes. If reuse remains at its current rate of only 15%, operators could face a $30-billion tab.

In recent times, we have been inundated with articles concerning the oil and gas industry’s race toward digitalization and automation. The pillars of such a transformation are the rapidly evolving industrial Internet of things, secure cloud computing, data analytics, AI, and machine learning.

The SPE Strategic Plan 2018–2023 calls for claiming pride in our industry’s higher purpose, that of supplying energy to meet the needs of humanity.

With the shale industry still awash in red ink, and oil prices falling, it may take more consolidation to try to bring some financial stability to the sector.

A study by a real-time monitoring company showed that many coiled-tubing strings are retired with a lot of life left in them. It suggested companies could lower costs by using pipe for a longer time and could benefit from multicompany studies showing how their decisions compare to the competition.

The biennial SPE Offshore Europe conference will explore a diverse set of topics, including the application of digital technologies and preparing for a low-carbon energy future and ongoing work around standardization and decommissioning.