JPT March 2020 Issue
On the Cover
A flare burns associated gas on an oil well pad in North Dakota’s Bakken Shale. With flaring activity under scrutiny, innovators are flocking to the unconventional sector to solve the issue with technology. Source: Getty Images.
As an industry, we need to eliminate the mindset of “if it is not invented here, it won’t work.”
Digital advances allow computers to do many of the tedious tasks once done by engineers, which frees them to focus on more interesting tasks.
Artificial intelligence can do some things faster and better than humans can. But that may allow engineers to focus on higher-value tasks.
The first interdisciplinary oil and gas conference to be held in Saudi Arabia, the 12th International Petroleum Technology Conference, was the largest in its history in attendance. This features highlights of the panel and technical sessions, and an interview with Saudi Aramco CEO Amin Nasser.
After 4½ years out of service, the massive Wafra oil field is set to resume production soon, and ensuring a smooth restart is no small order.
Instead of burning money, why not make electricity? This is the big pitch being made by a growing number of technology companies who see green every time they see a red-hot flare burning associated gas.
While renewable energy sources are poised to see major growth, possibly displacing natural gas as the top source of electricity in the US, hydrocarbon production will remain above or near current historical highs until at least 2050.
Guyana continues to strengthen its reputation as the world’s fastest growing offshore exploration hotspot.
The Swedish oil and gas producer is aiming to produce 200,000 B/D while offsetting the entirety of its carbon footprint.
The two oilfield service leaders serve as critical bellwethers for the health of North America’s upstream sector, which is under pressure to consolidate and generate free cash flow.
The firm has outlined a restructuring plan that will see it sell off subsidiaries and erase more than $4.6 billion in debt.
The Italian oil and gas company used a “fast track” model to get the first production well flowing from the Agogo field.
Talos is hoping to retain its operatorship of the major discovery it made in 2017 offshore Mexico after a reserves audit confirmed the reservoir is shared between two offshore blocks.