R&D

R&D may be the key to the survival of companies as the new economics of the industry take hold.

The R&D Technical Section dinner at ATCE drew varying perspectives as the panelists discussed, and sometimes debated, a range of approaches to safeguarding industry viability and growth in the years ahead.

Even as the oil and gas industry looks for the next great idea to propel it forward, it should constantly reconsider past innovations for inspiration, the CEO of a major operator said Monday on the opening day of 2017 SPE ATCE.

One of the oldest drilling consortia in the world, The University of Tulsa Drilling Research Project, celebrates 50 years and is poised to continue its tradition for another 5 decades.

Techstars is partnering with Statoil to select the world’s 10 most promising energy innovators and entrepreneurs to participate in the Techstars Energy Accelerator program. Selected companies will be tasked with compressing 2 years of development work into 13 weeks.

Renewable energy is often framed as being at odds with the oil and gas industry, but new price developments in the wind and solar sectors may be changing this paradigm, according to one US energy expert.

In an effort to foster collaboration in an area where there is currently very little, researchers at the University of Texas at Austin (UT) created a new web-based application for storing and sharing CT images of rocks.

The Bakken Petroleum System, which includes the Bakken and Three Forks shales in North America, is estimated to hold as much as 900 billion bbl of original oil in place.

Created by the Institute for Energy Technology in Norway in 1979, Olga was the oil and gas industry’s first transient multiphase flow model. A source of national pride, the program has been declared one of the country’s most important innovations in recent decades.

An ongoing research project started nearly 3 years ago by the US Department of Energy’s National Energy Technology Laboratory (NETL) is shedding new light on what really happens to foamed cement as it is pumped deep down offshore wells during completions.