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Despite reports to the contrary, Permian well productivity remains healthy, with average new production per well in the basin matching all-time highs, Rystad says. And the majors are now a main catalyst.
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The subsea tieback is expected to start up in 2021. This is Shell’s second major development on a tieback in the US Gulf of Mexico, following Kaikias’ startup in May.
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The strategy supports the Maximise Economic Recovery from UK Oil & Gas Strategy and Vision 2035, whose goal is to achieve £140 billion additional gross revenue from UKCS production by that time.
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Worley gets the nod for commissioning and hook-up then hand-off to BP.
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Recently, AI researchers from Microsoft open-sourced the Decentralized & Collaborative AI on Blockchain project that enables the implementation of decentralized machine-learning models based on blockchain technologies.
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Researchers mapped 251 faults in the North Texas home of the Barnett Shale, the birthplace of the shale revolution, finding that wastewater injection there “significantly increases the likelihood for faults to slip.”
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A joint-venture agreement gives Solaris control of Concho’s produced-water infrastructure in New Mexico, and Lagoon Water Solutions closed on a deal with Continental in Oklahoma.
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Cybersecurity firm Dragos has identified a new threat to the oil and gas industry, HEXANE. The company has also released a report assessing the cybersecurity environment in oil and gas.
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Using direct air capture in the near-term is critical if the technology is going to be affordable at a truly large scale in the coming decades. Enhanced oil recovery is the most-economic way to do that.
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Often, I receive questions from colleagues asking for tips on data science and machine learning as applied to petroleum engineering. This column address some of those questions I have collected. Here is my advice on becoming a petroleum engineer and a data science wizard.
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A critical support role within the upstream sector is played by the thousands who work in HSE and sustainability. The HSE performance of the industry has improved dramatically over the decades because of technological advances and a greater understanding of systems, processes, and human performance.
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This paper discusses ExxonMobil’s focus on the next phase of its safety journey through advancement of individual awareness and decision making to help drive breakthroughs in the operator’s vision of safety.
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