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As companies have focused on giant capital investments onshore and offshore to drive growth, they have often focused less on field operations, especially OPEX. This represents an enormous opportunity to address profit squeeze by improving overall cost efficiency in oil and gas projects.

The $5.6-billion deal includes the Prudhoe Bay field and the Trans Alaska Pipeline and vaults Hilcorp to be the second-largest Alaska producer and reserves holder, behind only ConocoPhillips.

Industrial augmented reality (AR) takes several forms. The holy grail—and eventually prevalent format—is headworn AR, where visualization software is installed on AR glasses such as Microsoft’s HoloLens. Nearer-term deployments also include smartphone- or tablet-based AR.

This article discusses the role of data management in the context of exploration and production from the 1990s, when building centralized databases was the mainstream, to the end of the second decade of the 2000s.

Upon completion, the FPSO will be the first permanently fiber rope-moored offshore facility in the Mediterranean, processing the reservoir fluids and export sales gas from the Karish and Tanin gas fields offshore Israel.

The well will immediately be brought on production and is expected to flow at more than 100 MMscf/D of gas and 3,000 B/D of associated condensate, the company said.

Digital technologies serve as a primary theme of this year’s group, with a few environmentally conscious firms included in the mix.

When Apache rolled out a digital system delivering real-time drilling data and advice, the reactions from workers were strong, and conflicting.

Occidental drillers and engineers figured out that it is faster and cheaper to reduce the weight on bit (WOB) than speeding ahead, which increased the risk of a breakdown and time lost for repairs.

Corva’s challenge is to change the behavior of drillers who work for somebody else. The fast-growing company has no shortage of users.