Business/economics
Proposed and final notices of sale represent nearly 80 million acres in the Gulf of Mexico and approximately 1 million acres in Alaska’s Cook Inlet.
The US and UK sanctioned Russian independent Lukoil International and state-owned Rosneft in a bid to pressure Russia over Ukraine.
Ranger acquires American Well Services for $90.5 million, adding 39 workover rigs and boosting its fleet by 25%.
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Brazil is embarking on a 3-year round of bid sales offering international oil companies multibillion barrel prospects with better contract terms. -
Russia’s need to continue expanding the oil and gas business is pushing it to look east for more production and markets. But everywhere it turns there is stiff competition in a world awash in oil and gas.
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Canada will become the world’s fifth-largest producer of crude oil in 2017. The solvent-assisted-SAGD poses the largest advancement in production techniques in the oil sands, and if scaled up, could further reduce extraction costs.
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Argentina President Mauricio Macri visited with oil and gas companies in Houston to emphasize that his country’s reforms are making it increasingly attractive for upstream investing.
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The recent upswing in M&As in the oilfield services sector may be a harbinger of more to come as operators push for capex and opex control.
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Short-cycle projects allow owners and operators to stay financially stable while preserving the production infrastructure and capacities needed to expand quickly when oil prices improve.
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This paper presents a novel approach to generate approximate conditional realizations using the distributed Gauss-Newton (DGN) method together with a multiple local Gaussian approximation technique.
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This paper presents a comparison of existing work flows and introduces a practically driven approach, referred to as “drill and learn,” using elements and concepts from existing work flows to quantify the value of learning (VOL).
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This work presents a systematic and rigorous approach of reservoir decomposition combined with the ensemble Kalman smoother to overcome the complexity and computational burden associated with history matching field-scale reservoirs in the Middle East.
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In North America’s most active shale fields, the drilling and hydraulic fracturing of new wells is directly placing older adjacent wells at risk of suffering a premature decline in oil and gas production.
