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Crude oil and natural gas prices may recover moving into 2021, albeit at different rates brought on by a variety of market dynamics. Geopolitics and the potential for another wave of COVID-19 cases and resulting lockdowns still pose a threat to the industry.

Logging-while-drilling remote operations has hit a wall. Since the outbreak of COVID-19, there is an increased demand for personnel with multidisciplinary skill sets to work on offshore rigs. But the demand cannot be satiated.

Investors and consumers are pressuring companies to incorporate environment, social, and governance (ESG) practices into their culture and operations. Now, ESG has gone from a nice-to-have feature to a must-have prerequisite.

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.

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.

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.

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.

Production of paraffinic crude presents challenges due to depressurization and cooling of crude oil during production.

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.

With speakers from various disciplines and professions, the program focuses on industry trends, challenges, and technology applications and advances.

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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