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Many reviews of unsuccessful digital-transformation projects point to the lack of the proper organizational culture for the adoption of digital oilfield solutions. What is the right organizational culture for a data-driven enterprise?
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When the world reopens, it will be flooded with the opportunities and tools that extended-reality platforms have to offer.
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Machine learning can provide accurate prediction of annular pressure buildup, first-year oil production, and (in conjunction with novel casing accessories) the time and location of water breakthrough along a lateral wellbore.
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Many of us are working remotely now, which generally means we are in our homes in makeshift cubicles or an office setup. Among the faces supporting the industry are another group of remote workers: the offshore and onshore personnel working in remote locations around the world.
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A new report shows that the worst of the ongoing downturn may be soon over. A gradual recovery to global oil markets is expected to begin in the next few weeks.
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The planned JV is for one of three LNG terminals GCL is planning to build in China.
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Even some free-market advocates are calling for regulators to step in and try to help pull them out of what feels like a chasm by setting production limits.
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The deal is part of the company’s divestment program targeting proceeds of $5 to 10 billion between 2018 and 2020.
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Not everybody suffers when US oil producers slash production. Among the beneficiaries could be US gas producers who will benefit because less oil production will mean a lot less gas on the US market.
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Exploration commitments are expected to dwindle in the current market environment.
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The bow tie concept of safety was on display at a recent live podcast presented by SPE, where representatives from Equinor, NOV, SOS International, and the Energy Institute discussed efforts to keep offshore workers safe during the current pandemic.
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As studies point to increased emissions, ExxonMobil is stepping up efforts to detect and mitigate methane release.
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