Business/economics

Over the course of 2 days, top energy and non-energy executives join OTC Board members to dissect and discuss future and current challenges facing an industry in the beginnings of substantial change.

The combined company will have a strengthened position in the Permian Basin, and plans to operate 17 hydraulic fracturing fleets in the region.

Australian E&P rivals will merge to form a $16-billion producer with diverse asset set weighted toward natural gas and LNG.

The third quarter has so far not seen any mergers and acquisitions in the shale business that top $1 billion.

The divestments leave PDVSA as sole shareholder of the onshore Petrocedeño project in the Orinoco Belt.

Forecasts for oil demand are looking up. Will the optimistic views prove to be on target? We have learned how the market can shift or wildly careen, both historically and in the very recent past. The outlooks, which reflect a consensus of sorts, is encouraging for producers.

In his final column as SPE President, Tom Blasingame reminds members to never forget the enormous responsibility they bear in providing the global community with one of its most essential commodities. He calls for increased efforts to engage and contribute to our industry and to SPE to pave the way to sustainable and renewable energy.

Additive manufacturing can alleviate and avoid long, expensive production shutdowns and reduce supply chain carbon footprints. Key to unlocking this potential is building trust in “printed” parts.

Oman will open a new round of bidding on two onshore blocks from which previous license holders are exiting and a promising offshore block near where production has recently been initiated from the Yumna field.

For some, the payoff for going green can be astronomical. Others can rest assured that they will be well positioned in the transition.