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There is widespread acceptance that extraction industries—including oil and gas—improve people’s lives and enable the economic growth of countries. However, at the project level, this acceptance is neither automatic nor unconditional.

A refracturing campaign in the Permian yielded a production gain that allowed payback on the investment within 6–12 months.

A pilot project carried out by Hess demonstrates how quickly automated drilling technology is able to take a rig from the bottom of the pack in terms of performance and push it to the top.

To help lower costs of offshore projects, DNV GL has launched initiatives focused on the use of composite components.

In drawdown management, operators can exert control over the downhole flow pressure, reservoir pressure, and choke size to avoid estimated ultimate recovery (EUR) losses.

ExxonMobil’s latest long-term energy outlook paints a generally robust picture for oil and natural gas despite the steep fall in hydrocarbon prices and cuts in capital spending.

As oil companies struggle with the collapse in crude prices and industry upheaval, assessing the future of exploration and production (E&P) in specific countries requires a longer term vision of a market in which prices will have stabilized and rebounded to a level yet undetermined.

Decision making in uncertain environments is key to the successful delivery of oil and gas projects. By definition, however, uncertainty is ambiguous and unpredictable.

Electrical submersible pump (ESP) systems are critical to achieving the maximum production rates and reservoir pressure drawdown that improve ultimate recovery. But variable volumes of gas in unconventional wells can pose challenges for performance of the ESP.

Despite the recent market conditions during the last year, our industry continued to demonstrate further advances in the monitoring and surveillance field and to attest to the added value provided.