Business/economics
Lower operating expenditures and a changing asset mix helped UKCS operators cut average production costs by 9% year over year, despite relatively flat production levels, according to the NSTA.
The deal adds 40,000 B/D of production and epands Cenovus’ SAGD footprint with three Alberta assets.
The Federal Reserve Bank of Dallas’ third-quarter energy survey reflects industry views on the drawdown of the US Strategic Petroleum Reserve, the outlook for Persian Gulf crude exports, and expectations for oil prices.
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The CEO of Phillips 66 expects the DAPL to be operational in 2Q 2017. -
As drilling activity rises, the demand for all that is needed to complete wells rises even faster. The wells are bigger, and more water and sand are used for each foot stimulated.
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Due to the continued pressure from weak utilization of existing operating fleet and supply overhang of newbuilds, Keppel is cutting its yard capacity. The company is however seeking opportunities in niche and new markets.
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Fossil fuels will probably be at the forefront of energy and environmental policy under the new Trump Administration, says Charles D. McConnell, executive director of Rice University’s Energy and Environment Initiative, at a talk hosted by the Norwegian Consulate General in Houston.
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US drilling and completion companies that were slashing workforces and cannibalizing pumping trucks for parts 6 months ago are now hiring crews and repairing equipment to meet rising demand.
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Despite a turbulent time for most offshore sectors over the past 2 years, Douglas-Westwood’s latest analysis from the World Offshore Helicopters Market Forecast 2017–2021 projects USD 18 billion in oil- and gas-related expenditure over the next 5 years.
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As the debate continues about oil prices and supply and demand, the SPE Production and Facilities technical director examines data published by various organizations on the short- and long-term industry outlook.
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A recently opened plant in Wharton marks the first small-scale commercial gas-to-liquids project in the state of Texas.
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Though crude prices are rising, US shale producers face questions over whether their improving oil production results and cost efficiencies will last as increasing drilling activity drives demand for oilfield services.
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This paper describes how an exploration-and-production company successfully developed and applied a qualitative risk-based abandonment-prioritization strategy for an inventory of inactive subsea wells.
