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Speakers at the recent SPE Asia Pacific Unconventional Resources Conference and Exhibition addressed the role of uncertainty and risk in sanctioning megaprojects.

The recent introduction of a new rolling-cutter polycrystalline-diamond-compact (PDC) bit that uses 360° of the diamond edge has delivered positive results in field trials.

Allseas Engineering’s giant new offshore construction vessel has a new name, prior to its first job. What was once the Pieter Schelte is now the Pioneering Spirit.

Conventional drilling through lower intermediate intervals in the southern portion of the Alpine field on Alaska’s North Slope has posed significant challenges.

Approximately one-half of all offshore conventional oil and gas resources are known or thought to be undrillable with conventional, open-to-atmosphere circulating fluids systems for safety, economic, and/or technical reasons.

Tertiary oil recovery technologies can extend the economic life of maturing waterflooded reservoirs. This article describes the results from a biologically based EOR technology that has improved waterflood efficiency by increasing oil production and decreasing the decline rates.

SPE is unique by design. It is global, it is not-for-profit, it exists for the benefit of its large and diverse membership of 143,000 and the technical content of SPE’s programs is developed by its members.

One question raised about the sharp slide in global crude oil prices is whether this is just another cycle in a volatile business that has certainly seen its share of ups and downs, or a more significant shift in the relationship between producers, namely OPEC, and consuming countries.

In this column, I will describe the challenges and opportunities that our members and the exploration and production (E&P) industry face.

SPE has been developing discipline-specific technical competencies for the past several years to assist young professionals, and more recently graduate engineers, in quickly ramping up with necessary skills needed to succeed in today’s competitive environment.