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A total of 12.2 billion BOE was discovered worldwide in 2019—the highest volume in 4 years, with offshore regions dominating the list of new deposits.

Oil companies are considering whether shutting in a well for a month or so may mean stronger production later by allowing more time for water to soak into the rock, which gets it out of the way of the oil and gas. But this is not always effective, and additional work is needed.

The company said its goals underscore its strong environmental, social, and governance performance as it responds to rising global energy demand. In addition, it said, the goals are aligned with the United Nation’s Sustainable Development Goals.

The international Ocean Renewable Energy Action Coalition, spearheaded by Ørsted and Equinor, has been formed to advance sustainable deployment of ocean-based renewable energy and mitigate the harmful effects of climate change.

This month is the deadline to nominate someone for one of SPE’s numerous international awards. The awards are designed to recognize individual contributions to the oil and gas industry and to the petroleum engineering profession.

Industry 4.0, the latest industrial revolution, has hit the manufacturing sector, building upon the adoption of computers and automation into industrial processes. How well suited is the oil and gas industry to leverage the new autonomous systems that could emerge from this transformation?

The head of the world’s largest oil company calls the current discussion of climate change too narrowly focused.

The amount of oil and gas resources approved for development last year surpassed 20 billion BOE, the highest level seen since 2011. Telltale signs have emerged that we are entering a new offshore investment cycle.

Landmark deal called most significant since 1979 peace treaty.

Without exception, the featured articles reflect increased volumes of surface and downhole data that are being captured and analyzed to enable deep learning, improved efficiency, safety, and value.