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Health, safety, and environment leaders from around the world logged on for SPE’s first virtual HSE conference on 27 July. The opening ceremony skipped the usual pomp in favor of socially distant presentations over video.
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Four Equinor insiders are short-listed to succeed the current chief executive who is expected to step down from the Norwegian oil and gas company later this year.
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Repair work on the Gorgon LNG plant’s propane heat exchangers is underway. Planned maintenance on the Gorgon Train 2 was expected to end in July.
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The forces of low oil prices and new efficiency trends are converging to remake the US pressure-pumping business into one that can complete more wells with less horsepower than ever. However, that might also mean service provider margins remain low for much of this new decade.
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Production of paraffinic crude presents challenges due to depressurization and cooling of crude oil during production.
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Shale producers proved they could pump out record volumes of oil by drilling horizontal wells and then fracturing them intensively. Now the industry needs to find buyers for many wells and acreage with hard-to-determine values.
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With speakers from various disciplines and professions, the program focuses on industry trends, challenges, and technology applications and advances.
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The all-cash deal bucks a recent trend of international oil companies divesting of Canadian assets and adds 15,000 B/D of production to the buyer’s total.
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Looking to market your technology? Engage partners, pursue all paths, and learn to catch smaller fish.
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Oil and gas are not the only things in the ground that can power our lives. Heat in the form of geothermal energy is rapidly taking its place alongside other sources of renewable energy, buoyed by the lessons learned from decades of drilling for oil.
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The facility will offer services to design, manufacture, test, certify, and stamp exotic-metal pressure vessels, heat exchangers, and scrubbers. Logan Industries will collaborate with two sister companies in the Netherlands to accommodate workloads.
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A company built with a plan to quickly profit from the shale boom began a slow decline when oil prices sank to $50/bbl. Others could be following it to bankruptcy court this year.
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