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ExxonMobil’s latest long-term energy outlook paints a generally robust picture for oil and natural gas despite the steep fall in hydrocarbon prices and cuts in capital spending.

The SPE Trinidad and Tobago Section recently hosted an Applied Technology Workshop (ATW) on oil and gas effluent discharge management that brought together those responsible for generating effluent discharges, regulators, and those creating treatment technologies

Many companies too often focus solely on maximizing current production when they should really be focusing on maximizing profitability. A holistic, total asset modeling process is needed to reorient the focus of digital oilfield systems to focus on the net present value (NPV) of every project.

Despite hostile wellbore conditions, an operations team overcame challenges of drilling-fluid design and management to drill the first ultrahigh-pressure/high-temperature (HP/HT), deep-gas well offshore Malay Peninsula.

Low oil prices translate to a rapid drop in production. They will also lead to a series of secondary effects such as debt defaults from deflation, loss of jobs, collapse of oil exporters, and loss of credit needed for exports. These will eventually lead to a rapid decline in oil production.

More than 13,500 oil and gas professionals gathered at SPE’s Annual Technical Conference and Exhibition (ATCE) on 28–30 September in Houston, making it the second highest-attended ATCE.

In SPE's annual salary survey, average total compensation dropped back to 2013 levels after an increase last year. Nonetheless, more than half of respondents reported that their base pay increased in 2015.

One of the hottest topics in the oil and gas industry is how to take advantage of new and exciting technologies developed for other business sectors.

While there is talk about automation killing jobs, the reverse appears more likely as rigs have evolved to drill more difficult wells. Drilling automation will require more and better training programs to take full advantage of the technology.

Sustained low oil prices have not yet had a significant effect on many universities’ research and development programs. For now, money allocated by the oil and gas industry in previous years is still available for many institutions.