Monthly Features
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This article is the fourth in a Q&A series from the SPE Research and Development Technical Section focusing on emerging energy technologies. In this piece, David Reid, the CTO and CMO for NOV, discusses the evolution and current state of automated drilling systems. -
Oil and gas experts encourage human/AI partnerships that can “supercharge” capabilities to create competitive advantages. -
Casing deformation has emerged as a major challenge in China’s unconventional oil and gas fields, prompting the development of new solutions to address the issue. -
The US supermajor is using one of its lowest-value hydrocarbon products to generate double-digit production increases in its most prolific US asset. -
The use of real-time wireless downhole pressure gauges proved a valuable alternative to workover operations in two onshore fields in Iraq. -
With the right infrastructure and interoperability, subsea resident robotics could unlock more frequent, cost-effective inspections—and a new standard for offshore efficiency.
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The importance of reducing emissions of methane, a short-lasting but powerful atmospheric greenhouse gas (GHG), received close attention from panelists at an IHS CERAWeek strategic dialogue, Tightening the Valves on Global Methane Emissions. -
The case for focusing on boosting recovery from older fields in a depressed drilling climate is compelling. At a breakfast session during IHS CERAWeek on squeezing more oil from brownfields in a low oil price environment, panelists discussed today’s improved field recovery capabilities.
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Holding little back, speakers at the annual IHS CERAWeek conference in February discussed how the industry has been shaped by the disruptive impact of North American shale production and predicted that many more months of financial pressure will spell the end for some companies.
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Russian oil production has remained on a growth path despite the plunge in oil prices because producers have built their business on producing oil for less than USD 30/bbl.
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Understanding how much rock is being stimulated and propped is critical for unconventional producers. New imaging methods using electromagnetic energy or acoustic microemitters could represent a milestone in understanding what is left behind after fracturing.
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A pair of inventive companies are working on a way to allow microseismic tests to visualize the otherwise silent process of propping fractures.
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Second only to the power and utility sector, the oil and gas industry is experiencing a higher frequency of cyber attacks than any other industry. The vast majority of penetrations are in the information technology (IT) networks that run a company’s daily business.
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As oil companies struggle with the collapse in crude prices and industry upheaval, assessing the future of exploration and production (E&P) in specific countries requires a longer term vision of a market in which prices will have stabilized and rebounded to a level yet undetermined.
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Cyber threats have expanded beyond data breaches and the theft of intellectual property. Drilling and production assets are at risk of being disrupted or destroyed due to vulnerable control systems.
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Plunging oil prices led to a drastic drop in drilling rigs working in most places in the world, with a notable exception. Baker Hughes’ widely watched weekly report on drilling rigs shows activity has remained steady in Saudi Arabia and the Middle East.
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