Asset Management
Two new US Department of Energy funding programs focus on improving shale recovery, mitigating produced-water risks, managing sour gas, and enhancing facility efficiency.
Winners of Alberta's Drilling Technology Challenge cover a range of technologies from robotics to enhance drilling rig safety to AI-enabled energy management, downhole sensing, well navigation, hybrid power systems, and geothermal energy.
The transaction broadens the company's North Sea footprint with long-life assets that boost production and reserves.
-
Dutch oil major Shell is looking to further develop its North Slope oil position in Alaska. The company’s offshore unit applied to form the West Harrison Bay Unit offshore from the National Petroleum Reserve–Alaska with plans for drilling and exploration. -
Warrego Energy and partner Strike Energy spudded their second well, West Erregulla 3 (WE3) in the Perth Basin onshore West Australia.
-
Equinor issued a letter of intent to Odfjell Drilling and its semisubmersible rig Deepsea Aberdeen for the drilling of 15 wells for the Breidablikk Group, which recently submitted the plan for development and operation. Drilling is scheduled to start in spring 2022 with the campaign estimated to last through autumn 2024.
-
BP, in partnership with OQ, PETRONAS, and the Ministry of Energy and Minerals in Oman, announced in mid-October that production had begun from the Block 61 Phase 2 Ghazeer gas field, 33 months after the development was approved.
-
Petrobras began negotiations with SBM Offshore to contract the floating production, storage, and offloading (FPSO) Almirante Tamandaré to be installed in the Búzios field in the Santos Basin.
-
Many major oil and gas operators have announced their intentions to achieve various emissions goals. Obviously, the transition cannot be achieved with a simple flip of a switch and will require some time.
-
In 2020, several changes were made to increase the usability of the annual SPE Membership Salary Survey. Among the added highlights, the 2020 survey offers new analyses of compensation by engineering title and overall work experience.
-
Present industry solutions to the challenge of well spacing involve expensive geomechanical Earth modeling or fracture-geometry monitoring that is time-consuming, data-intensive, and geography-specific.
-
The two largest oil companies in the US are shedding thousands of employees and contractors to cope with a steep decline in demand.
-
More than half of the oil and gas production in the region is shut in.
