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Anyone selling something new for offshore exploration and production has to be able to answer a simple question from customers, “How can we save some money?” For Norwegian oil companies, change is coming in many forms: steel, sensors, software, and standards.

The need to economically invest in offshore exploration and production has inspired a wide range of innovations in Norway to drastically reduce costs, which can lead to changes in offshore operations around the world.

Industry's finest minds are expected to come together for an idea summit during the upcoming SPE Intelligent Energy International Conference and Exhibition in Aberdeen.

Materials smaller than the width of a human hair are contributing to improved hydraulic fracturing and other areas of oil and gas technology.

The next couple of years for the oil and gas industry are likely to be defined by mediocre prices. “It is going to take a long time to get back to the good old days," said Atul Arya, senior vice president of IHS Energy, during OTC.

As it has since 1969, the world came to OTC to make critical decisions, share ideas, and develop business partnerships to meet global energy demands.

Presentations at OTC's d5 event included discussion about the impact of industry disruption, the need for innovation, learning from technology failures, and how diversity contributes to success.

For deepwater development, panelists at OTC emphasized the need for scalable technology, the standardization and simplification of projects, patient capital investment in innovation, greater collaboration, and new perspectives coming from outside the industry.

An interview with Joe Leimkuhler of Shell and Greg Leveille of ConocoPhillips on unconventional resources development.

A brief introduction to the subject regions, highlighting some key differences with respect to other known basins as well as the size of the prize, is followed by a focus on fluid properties’ role in terms of field development and uncertainty reduction.