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In the first part of this series, the author explained why the current way of performing FEED does not allow minimization of costs by optimizing the design. In this article, he describes how the current contractual setup of the EPC also fails to minimize the costs of equipment/materials and works.

Sustaining innovation and well performance during economic downcycles is a hot topic right now. However, the severity of this downturn has resulted in an unprecedented purging of existing paradigms. In this context, it is important to reveal and highlight new initiatives and success stories.

This month's feature on Offshore Facilities is drawn from more than 200 papers presented at SPE events over the past year.

Continued enthusiasm in the well-testing segment of the oil industry is apparent. Even though there was a smaller number of presentations among various conferences related to well testing in 2016, there are articles that contribute significantly for the experts and the upcoming generation.

Fossil fuels will probably be at the forefront of energy and environmental policy under the new Trump Administration, says Charles D. McConnell, executive director of Rice University’s Energy and Environment Initiative, at a talk hosted by the Norwegian Consulate General in Houston.

Renewable energy is often framed as being at odds with the oil and gas industry, but new price developments in the wind and solar sectors may be changing this paradigm, according to one US energy expert.

Although Saudi Arabia has plenty of sand, it took some ingenuity by Saudi Aramco and Schlumberger to figure out how to use it effectively as proppant.

In the keynote speech at the SPE Hydraulic Fracturing Technology Conference, author and founder of the Center for Industrial Progress Alex Epstein explained the moral case for fossil fuels.

Applying sufficient passive fire protection (PFP) on topside structural-steel members is critical. Simplified and conservative approaches are available to estimate the extent and amount of PFP necessary.

Current methods for external inspection of floating assets on station use divers or remotely operated vehicles (ROVs), but these methods incur high safety, people-on-board (POB), and cost penalties. New methods to eliminate diving are being developed.