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As companies look to reduce the time it takes to inspect a subsea pipeline, as well as the costs involved in the operation, autonomous systems have become a more desirable option. How close are they to becoming the norm?
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Oil and gas extraction using water has opened up new hydrocarbon resources. However they can produce four times more salty water byproduct than oil. Desalination in shale gas and polymer-flood EOR remain niche markets for lowering cost and improving production.
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Reduced investment in US shale will continue to weigh down the global oilfield services market through 2020.
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Innovating internal systems at Exxon inspires executives to create a forum for the oil and gas industry.
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Approved in October, the Flow Measurement Technical Section will help engage the greater SPE technical community in flow-measurement-related issues and technologies. It will cover the full spectrum of flow measurement, including single-phase and multiphase flow.
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Devon exits the asset that served as the company’s cornerstone for almost two decades and is known to the world as the birthplace of the shale revolution.
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BP has signed a deal with a joint venture between Petrofac and SOCAR, the Azeri state oil company, to support its osshore and onshore operations in the Caspian Sea. These include the offshore Azeri-Chirag-Gunashli and Shah Deniz fields, along with the associated Baku-Tbilisi-Ceyhan pipeline, the South Caucasus pipeline, and the Western Route export pipeline.
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Harold Hamm will take over as executive chairman of Continental Resources effective 1 January 2020, stepping down from his CEO position. William Berry, a former ConocoPhillips executive and current member of Continental’s board, will succeed Hamm as CEO, and current president Jack Stark will assume the additional role of COO.
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Chevron has signed a deal with Daewood Shipbuilding and Marine Engineering (DSME) to build a hull for the semi-submersible floating production (FPU) unit at its Anchor projec tin the US Gulf of Mexico. The contract maked the South Korean shipyard's first platform order in 5 years.
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Citing shipping data from Bloomberg Finance, the US EIA estimates that LNG exports set consecutive records in October and November 2019. Through the first 11 months of the year, US LNG exports have gone up 61% from their 2018 annual average.
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Directional drilling and measurement-while-drilling technology has become so democratized in the Texas shale sector that no provider holds more than 8% of the market share.
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The unmanned development is expected to add 80 million BOE of production to the aging Norwegian North Sea field. Aker BP said it aims to produce 1 billion BOE from Valhall over the next 40 years.
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