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During the past decade, hundreds of unconventional oil and gas projects have failed to deliver the value sought by shareholders.

Even without the black swan event of COVID-19, the industry must critically examine the technical, commercial, and operational bases of the projects it proposes and executes. A logical, reasonable, ethical, and philosophical approach is critical to underpin good decision making and value creation.

In the complete paper, a philosophy for the future of EOR projects is developed through a series of questions that applies to the industry’s transition from completion of conventional EOR toward unconventional EOR.

Digital transformation offers opportunities beyond the technical goal of increased production. It may also enhance sustainability, the work/life balance, and the public’s perception of the industry.

In the aftermath of the Deepwater Horizon oil spill, the oil and gas industry, regulators, and other stakeholders recognized the need for increased collaboration and data sharing to better identify safety risks and address them before an accident occurs.

A presentation at the 2020 Offshore Technology Conference Asia described a study of unmanned aerial vehicles operated by off-site pilots based in remote control centers many miles from the facility.

OPEC’s easing of production cuts originally planned for January may be delayed until mid-2021 because of the global increases in COVID-19 cases occurring in November.

I begin this column by saying that after attending several recent SPE events filled with students and professionals, all virtual of course, that I have seen the very best of us as members of SPE. To a person, you all have been nothing short of inspiring.

While the individual circumstances of upstream companies may vary, they all must take decisive action to pivot away from “business as usual” and instead, pursue new growth models.

The UK offshore Lancaster field was to prove that complex basement formations could be profitably developed. Instead, it is a reminder of how a long-term production test can drastically alter a reservoir model built upon years of exploration work.