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When worldwide oil and gas consumption reached record levels yet again in 2017, SPE members were there when it counted, helping to generate more light and power for billions of people across the world.
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Global climate concerns, amplified in the public consciousness by a steady stream of violent weather events such as hurricanes and California wildfires, are generating a new set of realities for the energy industry.
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This paper discusses a project with the objective of leveraging prestack and poststack seismic data in order to reconstruct 3D images of thin, discontinuous, oil-filled packstone pay facies of the Upper and Lower Wolfcamp formation.
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While the visual element is key, the core strategic component of data visualization is the ability to unlock the story in the data.
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Instinctively, we feel that greater accuracy is better and all else should be subjected to this overriding goal. This is not so. While there are a few tasks for which a change in the second decimal place in accuracy might actually matter, for most tasks, this improvement will be irrelevant.
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The ecosystem in which an algorithm must live in order to deliver value must be viewed as a whole. The algorithm can be viewed like a car’s engine. It’s rather important, but it’s not a car yet.
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Digitalization leads oil and gas research and development investment priorities, according to DNV’s 2019 annual outlook.
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This paper presents the findings of a research project and the content of IPIECA’s “Practitioner Note on Monitoring and Evaluation of Social Investment,” which focus on the challenges faced by companies considering an increase in stakeholder demand for evidence-based reporting of social investment.
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The discovery is world’s third-largest natural gas discovery in the past 2 years.
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The technical challenges imposed by tight well spacing and fracture interactions have become a focal point of recent earnings calls between investors and the leaders of several shale producers. The picture of the future is becoming clearer, and there are fewer oil wells in it.
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BP Trinidad and Tobago began first gas production from its Angelin development on 26 February.
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The vessel will produce approximately 2.5 mtpa of LNG for the project, which is expected to deliver first gas in 2022.
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