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Unconventional/complex reservoirs
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Exploration/discoveries
Petrobras Receives TotalEnergies, Shell Payments for Atapu
Monies are recoupment for Petrobras’ sunken costs in the Atapu development, to date.
Fracturing/pressure pumping
Short Sand Supplies Will Slow Growth of US Oil Output
Oil companies would have to pay a premium for the hardware and services needed for rapid expansion. But is that likely?
Fracturing/pressure pumping
Holistic Machine-Learning Approach Recognizes Trouble Stages
This paper explores a holistic approach to characterize trouble stages by applying automated event recognition of abnormal pressure increases and associating those events with formation and operational causes.
Exploration/discoveries
ConocoPhillips Gets Ekofisk License Extension
The Norwegian government grants a 20-year license extension for Ekofisk.
Exploration/discoveries
BHP’s Wasabi Disappoints in US GOM
First well suffered mechanical issues, while the followup encountered noncommercial quantities of oil.
Exploration/discoveries
Brazil Grants New Exploration Blocks
A total of 59 blocks were awarded to 13 companies.
Exploration/discoveries
Lukoil Says Titonskaya Holds 150 Million BOE
Oil find will be tied into existing infrastructure for development.
Asset/portfolio management
Why Investors Just Pumped $50 Million Into This Forecasting and Petroleum Economics Startup
The fast-growing software firm was founded by former oil and gas professionals who wanted to disrupt traditional reservoir economics software and redefine workflows.
Digital Oil Field
Petoro Picks FutureOn’s Software
The agreement will allow the Norwegian petroleum company to use FutureOn’s digital twin software for field development.
LNG
Suez Canal Expansion Accelerated as April Traffic Breaks Historic Records
Tanker transit statistics via the Suez Canal broke historic records in April as Europe sought to import more crude oil and LNG from the Arab Gulf to replace traditional supplies from Russia.
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