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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.

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.

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.

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.

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.

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.

With production set to begin from the large Leviathan field by the end of this year, the Israeli government signed off on the final permits to allow for its first exports. Leviathan contains approximately two-thirds of all the gas resources discovered offshore Israel so far.

Total has agreed to acquire interests in two blocks in the offshore Kwanza Basin from Angola’s state-owned Sonangol and has received an extension on its offshore Block 17 production licenses.

The report focuses on the effect of data analytics on reservoir engineering applications, more specifically the ability to characterize reservoir parameters, analyze and model reservoir behavior, and forecast performance to transform the decision-making process.

Should that outside hotshot lead your digital transformation work or an insider who knows more about the culture and customers?

Production and Facilities Technical Director Bob Pearson offers some end-of-year “housekeeping” tips for SPE members.

This paper investigates the most important independent variables, including petrophysics and completion parameters, to estimate ultimate recovery with a machine-learning algorithm. A novel machine-learning model based on random forest regression is introduced to predict estimated ultimate recovery.