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US oil producers ExxonMobil and Chevron announced they are tightening output, for combined global shut-ins of 800,000 B/D, in response to plunging crude prices and shrinking fuel demand.

Even before the global pandemic impacted markets, decommissioning work in the North Sea region was expected to increase. Global decommissioning projects could reach $42 billion by 2024.

Environment/social/governance (ESG) represents the integration of human values into the financial value of investments. The energy industry that emerges from the COVID-19 pandemic will be different from the one that entered it.

Its reward for years of struggling to adapt to low prices and weak demand for its oil and gas has been an epic crash. Canadians selling change say it is time to consider possibilities that seemed inconceivable in the past.

Autonomous Inflow Control Valve technology demonstrates significant benefits within first year.

The Offshore Technology Conference (OTC) selected 12 new technologies for its 2020 Spotlight on New Technology Awards. The annual awards program recognizes innovative technologies and allows companies to showcase the latest advances in offshore exploration and production.

The Offshore Technology Conference was cancelled for the first time ever due to the COVID-19 pandemic. But the flow of ideas continues. As proof, this curated summary of technical papers highlights unique concepts that might someday reduce the offshore sector’s heavy cost burdens.

Some well-testing operations are executed by performing multiple runs in hole using slickline and coiled tubing (CT). A technology has been developed that combines many of these operations, including contingency stimulation activities, into one run.

The papers summarized in this year’s feature demonstrate the application and versatility of coiled-tubing-based solutions to different phases of a well’s lifecycle, from exploration through production and, finally, to abandonment.

This paper describes a coiled tubing gas lift (CTGL) technique successfully used to restart production from two pilot wells in a mature field in Pakistan that had been shut in since 2015.