Latest News

Unmanned aerial vehicles are creeping up on ubiquity in the oil and gas industry, but their potential still firmly outweighs the actuality. A panel at the 2019 SPE Annual Technical Conference and Exhibition took a close look at the benefits of drones and at the tethers still holding back their use.

A mini symposium led by experienced industry professionals and environment subject-matter experts will provide a 101-level-course refresher on air permitting and air-emissions management, water and wastewater management, environmental sustainability, and regulatory risk and liability prevention.

TechnipFMC received an EPC contract from PetroVietnam Gas for Phase 2 of the Nam Con Son 2 pipeline across the Nam Con Son and Cuu Long basins in Vietnam. The oilfield service company labeled the contract a “significant” one, meaning that it was worth between $75 million and $250 million.

Tamarind Resources will not extend a contract with BW Offshore for the Umuroa FPSO, which is currently operating on the Tui field offshore New Zealand. The contract will be terminated effective 31 December. BW Offshore will begin preparation for the demobilization of the vessel from the Tui field, where it has been operating since 2007. The news comes on the heels of …

Digital transformation supported by data analytics and artificial intelligence can be the differentiator that allows the upstream industry to persist in the next 100 years, providing a unique foundation for innovation to enhance general public awareness and life quality.

Blockchain technology is changing the nature of money and organizations. We should probably start pondering the potential consequences.

The move will bolster Austin-based Parsley’s holdings in the Delaware Basin, giving it a contiguous 120,000 net acres opposite of its original Midland Basin focus area.

The controller from Olis will be distributed and supported by iCsys and is expected to increase efficiency and decease costs.

The agreement—in which Total will reportedly pay $600 million for a 37.4% stake in the Indian gas conglomerate—boosts the supermajor’s LNG market access in India and neighboring countries. It is the latest move in Total’s aggressive expansion of its LNG portfolio.

The deal for ConocoPhillips’s northern Australian portfolio will help the Australian company boost its position in the country’s gas market, as it gains majority ownership in a set of key assets including Darwin LNG and the Barossa project.

The application of the industrial Internet of things within oil and gas promises to revolutionize the oil field by enabling the acquisition and accessibility of far greater amounts of data, especially for tasks that previously have been managed through historically analog documentation and storage.

In 2016, the EPA published the findings of a multiyear study, “Hydraulic Fracturing for Oil and Gas: Impacts From the Hydraulic Fracturing Water Cycle on Drinking Water Resources in the United States.” This paper provides a summary of the study’s processes and highlights key finding and limitations.