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A telecommunications company is looking to bring better wireless connectivity to the oil and gas industry, expanding its network to offer wireless data in the Permian Basin and three other oil and gas regions.

Carbon storage is perhaps the only viable option for reducing carbon to the levels that many governments have agreed are important, and EOR is the only proven technology that can be made ready in the time and at the scale required to accomplish this reduction worldwide.

One of my focus areas as SPE President is strengthening the feedstock of incoming talent into our industry.

Hess is testing whether it can drive drilling improvement by combining drilling rigs equipped with automated functions and humans determined to find a way to beat the programmed drilling.

Produced water is an inevitable byproduct of oil and gas production. The use of online oil-in-water monitors plays an important role in the management of produced water.

Production data from the oldest horizontal wells in the three largest oil plays in the US show that annual decline rates remain relatively high for a long period of time. This challenges assumptions held about production after 5 years and directly affects reserve and ultimate recovery estimates.

Rigs drilling faster earn less money per foot because they are contracted by the day. But at least they are still working. Now service companies are developing new rigs with more automated functions, and want increased rates based on the productivity gains achieved.

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.