Business/economics
Westwood Energy analysts suggest operators have an opportunity to secure rigs at lower rates for their 2027 drilling programs.
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.
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Oil markets displayed their manic-depressive side in August, dropping to around USD 40/bbl early and jumping back to near USD 50/bbl at month’s end. -
While some standardization makes sense, it is important for the industry to implement cost-effective supply chain practices to efficiently deliver customization when it improves efficiency and increases production.
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This paper discusses ultradeep directional-resistivity (DDR) logging-while-drilling (LWD) measurements for high-angle and horizontal wells that have been applied recently with success on the Norwegian continental shelf (NCS).
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The objective of this paper is to develop and demonstrate an efficient work flow that will help stakeholders make better decisions in the area of completion planning.
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Low oil prices look like something the industry needs to get used to. “This will be with us for a while,” said Rex Tillerson
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The price declines for oil and natural gas are equally brutal, with roughly a 50% decline for both fuels.
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Operators have announced reduced budgets and delayed deepwater project sanctions. Despite these reductions, the long term outlook is for increased deepwater spending.
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In a recent webinar, the speaker discussed mistakes companies make when prices are falling along with steps to help manage project costs in difficult economic times.
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The Asia Pacific region is expected to be the fastest-growing region in deepwater development in the next 5 years.
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Decline-curve analysis (DCA) is arguably the most commonly used method for forecasting reserves in unconventional reservoirs. This paper discusses its basic theory and application, together with the potential pitfalls of using simple empirical production-forecasting methods in complex reservoirs.
