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…
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A destructive run of three hurricanes has been a catalyst for a flurry of innovations in decommissioning shallow-water wells in the US Gulf of Mexico. -
More than 21 billion bbl of light, sweet crude oil will be extracted over the lifetime of the Bakken and Three Forks shale plays, according to the latest projections from energy consultancy group Wood Mackenzie.
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Diamond-tipped cutters are the leading edge for technology development as companies seek an advantage that will allow customers to drill faster and longer before changing bits.
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The variables defining drill-bit performance cover a lot of ground. There is a lot of attention given to cutters studding diamond drill bits, but just as important are what is in the rest of the drillstring and the decisions made by the driller.
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For decades, the industry has worked to realize the potential of gathering seismic data in wells. But it is a hostile environment for standard equipment. An inventor has developed a fiber optic system that can handle the heat, but he needs backers to see if it can deliver in the ground.
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In the kingdom of wet completion, Petrobras has just installed its first tension-leg wellhead platform, in the field of Papa Terra in 1190-m-deep water. It is going to be a revolution regarding how to operate such an installation and be able to produce the heavy oil of Papa Terra (14–17°API).
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Linhua4-1 was China’s first tieback subsea development project. To develop this marginal oil field, a number of technical challenges were overcome through a series of new technologies, and their successful development and implementation.
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Project management professionals need to revise the traditional methods of evaluating the efficiency and progress of major projects, if they want to improve their performance record.
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Deepwater capital expenditure is expected to more than double compared to the previous 5 year period. Douglas-Westwood also expects a continued trend toward exploration in ultradeepwaters in depths greater than 2000 m.
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The lifespan of a huge, old oil field in Oklahoma is now linked to a fertilizer plant 68 miles away. Chaparral Energy is capturing 45 million ft3/D of carbon dioxide (CO2) that had previously been vented into the atmosphere in Coffeyville, Kansas, compressing it, and sending it via a pipeline.
