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Unconventional/complex reservoirs
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Business/economics
Study Outlines Potential Economic Impacts of GOM Oil and Gas Industry Through 2040
The economic impact report looked at scenarios involving current policies and potential bans on both drilling permits and offshore leases.
Business/economics
What Damage Is Wrought by the Rush to Shut In Wells?
The Permian Basin is now influencing the upstream water market on the way down, while many questions swirl around the implications of unprecedented shut-ins.
Business/economics
Mark McCollum Leaves Weatherford, Company Announces Leadership Change
Weatherford announced that Mark A. McCollum, president, CEO, and a director, has left the company, effectively immediately.
Business/economics
BP To Cut 14% of Workforce
The supermajor will cut 10,000 jobs by year end.
Business/economics
New Chief Executive Appointed To Run Malaysia’s Petronas
The leadership change comes amid a downturn in global crude prices which has lowered the national oil company’s revenues this year. Taking over the position will be the current chief financial officer.
Environment
Fishers Say Catch Has Dropped by 80% Since the Start of Seismic Surveying
The controversial surveying technique has been used around Australia to look for oil and gas, but some environmentalists and scientists have warned the effects on marine life could be deadly.
Environment
Digital Solution Advances Environmental Efforts
A new tool developed by Kosmos Energy is allowing the exploration and production company to keep better track of the effect it is having on the environment.
Field/project development
McDermott Completes Pan-Malaysia Transportation and Installation Projects
McDermott’s completion comes 19 months after it was first awarded. SapuraOMV achieved first production from the Larak gas field in January.
Decarbonization
Equinor Proceeds With Powering Sleipner Field From the Norwegian Shore
Sleipner’s share in net-zero emissions savings will be more than 150,000 tonnes per year.
Digital Oil Field
ConocoPhillips CTO: The Shale Revolution Will Be Digitized
Greg Leveille said he is optimistic that the shale sector will be able to bounce back from its second downturn in 5 years. The trick this time, he says, will be not just investing in new digital technologies but putting them to work.
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