JPT May 2020 Issue
On the Cover
Improvements in capturing and using drilling data continue to increase efficiencies and accuracy. Source: Getty Images.
President's Column
No company or organization could have predicted our industry would be facing a viral pandemic, coupled with oil prices at their lowest levels in almost 2 decades. This is a time to put our heads together and come up with a new plan. This is what oil and gas does best.
Monthly Features
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While sustainability is approached through various means within the industry, at its core is the welfare of human beings. Recent SPE papers demonstrate the importance of human rights in the industry’s drive toward sustainability. -
Drilling still depends on human judgment to solve many problems. Some of the problems are big, and others are related to niggling details. This article discusses three innovations aimed at improving the data flows. -
Putting together the billions of dollars needed to develop deepwater finds has become tougher, but when the discoveries are huge, companies will make every effort to find a way to tap what may be a cheap source of oil. -
For the offshore sector, the collapse in oil demand and prices came just as the market was beginning to look up. Now many companies are focused on survival. This article discusses how various market segments, regions, and companies are faring in “the new reality.” -
Researchers use novel methodology to measure the thermo-electric properties of native crude. -
Faster drilling speeds have become one of the major obsessions of the shale sector in recent years. But since completions represent up to 70% of a new well’s cost, maybe this side of the business needs more attention now. -
The room for error and cost overruns just got a lot smaller with the escalating need to make operations more efficient and leaner with fewer resources and investors continuing to prioritize ESG alongside profitability. -
Reductions will begin next month and last until June. After that, major oil producers around the world plan to step down from the cuts in phases that extend to 2022.
Four recent deepwater offshore discoveries show exploration is not dead, it is just concentrated offshore.
It has now been nearly 3 months since the one-two punches of an unprecedented modern-day pandemic and a free fall in oil prices due to the oversupply of oil resulting from a tremendous, sudden drop in demand.
US sanctions appear to have prompted a change in ownership. It is unclear how the new arrangement will impact Venezuela’s diminishing ability to export crude oil.
The international major has lowered its output forecast in the world’s most prolific unconventional basin by 20%.
Technology Focus
