greenfields

The confluence of alternative energies, shifting public sentiment, and the industry’s own improvements to existing fields may upend the industry’s “engine of growth.”

This new development is the first to recover commercial quantities of oil in the UK from reservoirs that are generally considered non-productive.

The explorer has so far encountered 400 ft of reservoir pay zone in an area where it has three other producing fields.

DEA Deutsche Erdoel is buying Sierra Oil & Gas, giving the German operator stakes in six new blocks off Mexico—including the Zama discovery, where appraisal drilling is now under way.

Well-placement optimization is one of the more challenging problems in the oil and gas industry. Although several optimization methods have been proposed, the most-used approach remains that of manual optimization by reservoir engineers.

The complete paper describes some of the technical challenges faced in deepwater operations and the methodology adopted for implementing an integrated production surveillance and optimization (IPSO) system to mitigate the risks.

At an initial production rate of almost 13 MMcf/D, BP’s new well has achieved the highest early-production level in 14 years for a well in the San Juan Basin of Colorado and New Mexico.

The new US sanctions against Russia will place added restrictions on international companies taking part in oil development projects with Russian companies and raise doubts about Russia’s plans to expand pipeline exports.

A major offshore discovery led by Talos Energy is the first successful wildcat well drilled by a private company in Mexico in almost 80 years and a milestone for the country’s recently enacted energy reform.

Untapped offshore gas reservoirs could easily meet all of the country's domestic needs, while the rest could supply regional neighbors.