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AI/machine learning

Schlumberger Teams Up With Two AI Firms

The agreement signed by Schlumberger, AIQ, and Group 42 is designed to develop and commercialize artificial intelligence for global exploration and production.

November 8, 2020 • Data Science and Digital Engineering
Drilling

Lifetime Revenue vs. Construction Cost—a Metric for Assessing Drillship Retirements

Through the end of October, 38 rigs have been retired this year. Predicting future rig attrition is not an exact science, but certain metrics help identify those rigs.

November 8, 2020 • Oil and Gas Facilities
Field/project development

Staged Development Strategy Benefits Smaller Oil Fields

An ATCE presentation outlined how staged field development can help make smaller oil discoveries commercial alongside existing engineering solutions.

November 8, 2020 • Brian Balboa • Oil and Gas Facilities
Fracturing/pressure pumping

UAE Has Become World's Newest Producer of Unconventional Gas

The first delivery of shale gas in the UAE marks a major milestone toward its goal of reaching 1 Bcf/D by 2030. It also signals the expansion of hydraulic fracturing in the UAE’s conventional fields.

November 10, 2020 • Trent Jacobs • Journal of Petroleum Technology
Inspection/maintenance

ADNOC Completes First Phase of AI Maintenance Project

Phase 1 covers the modeling and monitoring of assets for six ADNOC Group companies. The four phases of the project are expected to be completed by 2022.

November 10, 2020 • Oil and Gas Facilities
Human resources

US Job Numbers Up for OFS and Equipment Industry, But Outlook Remains Unclear

The increase in OFS and equipment sector jobs over the past 2 months came amid higher oil and gas production. But increases in COVID-19 cases are causing uncertainty about when and how much demand will rise.

November 10, 2020 • Journal of Petroleum Technology
Production

Texas Regulator To Place New Limits on Allowable Flaring

Oil and gas producers in the state are being asked to submit data and economic analysis on why they cannot sell natural gas before they are granted permission to flare it.

November 10, 2020 • Trent Jacobs • Journal of Petroleum Technology
LNG

ADNOC LNG Signs Vitol and Total to Supply Agreements

The agreements place most of the LNG volumes through Q1 2022 and continue ADNOC’s expansion into new LNG export markets.

November 11, 2020 • Oil and Gas Facilities
Business/economics

Oklahoma Natural Gas Producer Enters Restructuring

Gulfport Energy is seeking to eliminate more than $1 billion in debt and to cancel or renegotiate firm transportation contracts that it said drove it to enter bankruptcy protection.

November 15, 2020 • Trent Jacobs • Journal of Petroleum Technology
Enhanced recovery

Why Oxy’s Net-Zero Goal Carves an Entirely New Path

To reach their targets for carbon neutrality, many oil and gas producers are investing in other energy industries. This US company will instead get there by investing more in its oil fields.

November 11, 2020 • Trent Jacobs • Journal of Petroleum Technology

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