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The company makes good on a pledge to reduce freshwater use and replenish the fresh water it uses.

Oil demand growth from the transportation sector, the linchpin of oil consumption, will slow to a trickle by 2035 and level off, while demand from the petrochemicals sector will become oil’s chief growth driver, the BP 2017 Energy Outlook says.

It is known that a well injecting a lot of water near a big fault can lead to earthquakes. The problem is, more often than not those faults are not known until after a tremor.

While many efforts are focusing on the optimization of current technologies and the study of past reservoir performance to improve future developments, with fewer capital resources and personnel available, these efforts may yield only incremental improvements.

Petrofac sold its 50% interest in Petro-SPM Integrated Services to Schlumberger. Petro-SPM operates the Pánuco Integrated Service Contract in Mexico. Schlumberger now owns 100% of Petro-SPM.

The Unconventional Resources Technology Conference included discussions on emerging approaches to improving oil and gas recovery from tight rocks and exploring where the risks still lie with induced seismicity.

PipeFractionalFlow, a spinoff startup from the University of Texas at Austin, uses new theories and equations to make modeling complex multiphase flow more affordable. A model recently developed offers operators an “independent and unbiased” way to validate the system and select candidate wells.

There is intense focus across the industry on profitability in the current low-oil-price environment. Yet, today’s profitability is not the only challenge. Laying the groundwork for future profitability must also occur.

The authors present the results of a detailed experimental study in which underlying pore-level-displacement physics of two- and three-phase flow in a fractured rock sample is investigated with high-resolution X-ray microtomography techniques.

This paper discusses a crestal gas-injection project that was carried out in a supergiant heterogeneous-carbonate oil field.