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Digitization in oil and gas is entering a new era thanks to the increased capabilities and lower cost of huge computing power -
As the GE-Baker Hughes deal moves closer to finalization we now know who will be leading the combined company.
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OPEC has renewed its effort to prop up global crude prices, but the impact may also drive US production higher.
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Increasing lateral lengths, stage counts, and proppant intensity levels are contributing to a bullish outlook on frac sand demand.
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OTC panelists were excited at the potential of deepwater exploration offshore Mexico and believe that opportunities there could eventually drive a big new wave of activity.
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Panelists at the Offshore Technology Conference largely doubted that the oil and gas industry is making full use of digital technology for fundamental transformation.
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The new economic environment known as “lower for longer” has had no small effect on offshore safety, said a panel of experts at the 2017 Offshore Technology Conference.
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Companies are rethinking offshore developments and in a very tough market are finding innovative ways of bringing some projects forward.
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The new CEO of Pemex outlined his plan to reverse the state-owned company’s struggling financial and production situation.
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While the current oil prices may not generate the cash flow needed to pay for offshore projects using traditional financial options, private equity may be the best alternative for operators.
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Secretary of the Interior Ryan Zinke praised America’s resource potential and regulatory framework at OTC. He also laid out his plan to review the department and signed two secretarial orders.
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The quick turnaround times and low-risk nature of shale developments need to be replicated in the deepwater business, according to the CEO of Murphy Oil.
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