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Early engineers of the 19th century were rock stars of their times, much like famous dot-com entrepreneurs of our times.

Case studies from around the world prove that big rewards await companies that optimize the artificial lift systems keeping their mature fields alive. The success stories involve a mix of monitoring, automation, and performance tracking.

Getting through this latest downturn in oil prices will require a balancing act between short-term measures to reduce costs while maintaining a long-term perspective on growth in the industry.

The US government is working on regulations to reduce oil industry methane emissions by more than 40% over the next 10 years.

As shale operators look for ways to survive amid the current downturn in oil prices, accelerating the refracturing of older horizontal wells is turning into one of the most attractive options.

This is the teaser.

For Abu Dhabi, research and development (R&D) provides an opportunity to facilitate the country’s transition from a hydrocarbon-based economy to a knowledge-based one and Abu Dhabi’s decision makers know that partnership and collaboration between companies and academia is key to R&D success.

The Texas A&M University team’s 8-ft maroon-colored drilling machine started lowering its bit to the surface of the test rock.

In June, Mexico’s national oil company Pemex announced its largest discoveries of oil and gas in 5 years. Located in the shallow-water basin of the Gulf of Mexico offshore Tabasco and Campeche, the four new fields are estimated to hold 350 million bbl of oil.

Europe’s largest onshore oil field, the Patos-Marinza in southern Albania, has been given a new lease on life after seeing production soar from 600 B/D just over a decade ago to more than 20,000 B/D this year.