Asset Management
This article from Murphy Oil outlines a modernization effort that resulted in increased scenario simulation capacity by five to 10 times.
The transaction is expected to strengthen the company's position in Alberta’s oil sands and unlock annual synergies of $54 million.
The transition away from materials that contain per- and polyfluoroalkyl substances (PFAS), co-called forever chemicals, creates an opportunity to preserve historical information. Information that appears to have little operational value today may later become important when organizations need to evaluate past PFAS use. Once that information is lost, recreating it may…
-
When technology startups and oil and gas companies finally agree to run a pilot test, there are a few things both sides of the table should know before they move forward. -
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.
-
Before you head to OTC 2017, make plans for the event’s best opportunities for professional networking and to learn about the array of new technologies pushing their way into the business.
-
New figures show that the facilities working in the Gulf of Mexico achieved higher crude output in 2016 than at any other period.
-
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).
-
Oil production from the Canadian oil sands is big, growing, and its future is in doubt. The problem is the cost and time required to develop new production is not competitive now. While some big international oil companies are selling out, others are focused on changing the economics of growth.
-
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.
-
Things are so tough in the Canadian oil sands that competitors are considering whether to start sharing some of what they know about producing more and doing it for less. Collaboration should speed progress for everyone, but companies with something to give are looking for something in return.
-
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.
-
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.
