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The deal is part of the company’s divestment program targeting proceeds of $5 to 10 billion between 2018 and 2020.

Most history-matching studies have fixed resources—that is, the team of engineers and geoscientists is predetermined. Moreover, the deadlines are always very strict. This constrained scenario often leads to an unfortunate result: The quality of the study suffers.

Many reviews of unsuccessful digital-transformation projects point to the lack of the proper organizational culture for the adoption of digital oilfield solutions. What is the right organizational culture for a data-driven enterprise?

When the world reopens, it will be flooded with the opportunities and tools that extended-reality platforms have to offer.

Machine learning can provide accurate prediction of annular pressure buildup, first-year oil production, and (in conjunction with novel casing accessories) the time and location of water breakthrough along a lateral wellbore.

The contracts were awarded in February. Petrofac said it is working with ADNOC to explore alternative options.

Many of us are working remotely now, which generally means we are in our homes in makeshift cubicles or an office setup. Among the faces supporting the industry are another group of remote workers: the offshore and onshore personnel working in remote locations around the world.

University of Houston Energy asked 408 industry workers to gauge their companies’ response to the global pandemic and economic downturn.

While sustainability is approached through various means within the industry, at its core is the welfare of human beings. Recent SPE papers demonstrate the importance of human rights in the industry’s drive toward sustainability.

There are numerous views of what the future energy landscape will look like in the next decade and beyond. When thinking about sources of primary energy, it is not a question of either/or, it is a question of what can reach scale fast enough to meet continued demand growth.