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After 3 harsh years of budget cuts and layoffs, oilfield services companies are beginning to see a recovery take shape. And the worst may be over for heavy-asset suppliers and equipment manufacturers in the offshore and subsea sector, but recovery is likely to be significantly slower.

Statoil’s integrated operations center on the Norwegian continental shelf is one of several initiatives operators and service companies have set in motion to improve condition monitoring and maximize production on their assets.

E&P has become a margin business, with relentless pressure on cost performance and global competition for capital. As operators consider how to achieve further reductions in unit operating costs, the leadership team should focus on long-term value.

Corrosion inhibitors are often the first line of defense against internal corrosion, and effective mitigation relies on proactive monitoring and management of these inhibitors to allow for regular feedback and dose adjustment.

During a panel discussion on what fractures look like, one expert added a significant qualifier to the title: what they “may look like.”

As the industry moves toward recovery and stability, OTC will attract global industry professionals, government officials, academic experts, and many other organizational representatives to discuss technology and broader industry issues and assess the future.

Critical to the integrity of our industry is confidence in publicly disclosed reserves. The Reserves Confidence Metric is a simple tool to identify reserves estimates that should be assessed with caution or require further information.

Significant improvements to completions design and manufacturing have been made recently to accommodate long laterals and multiple fracturing or acidizing stages for different reservoir types, lithologies, and conditions.

Later this month, Mexico will auction off 35 shallow-water blocks in the Gulf of Mexico, as its attempt to revive its oil and gas industry moves forward.

My goal is to support small producers and tech providers. Cautionary note: If you work for a huge corporation and feel there is no need for little, pesky innovators, please stop reading this article now.